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Baidu (BIDU) Stock Rises on Q2 Earnings Beat

August 1, 2018 admin Comments Off

Baidu (NASDAQ:BIDU) reported its latest quarterly earnings results after the bell Tuesday, which were better than what analysts were calling for, sending shares rising late in the day. Baidu added that for the period, it amassed adjusted earnings of roughly $3.18 per share, which is stronger than the $2.44 per share that analysts polled by FactSet were calling for in their average estimate. Analysts were calling for Baidu to bring in revenue of $3.8 billion for the quarter. …read more […]

Carlyle Group signs lease at One Vanderbilt in New York

August 1, 2018 admin Comments Off

SL Green Realty Corp , a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One Vanderbilt, a marquee office tower that is part of a bevy of new buildings redefining the city’s skyline.

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Dialog Semiconductor ends talks to buy Synaptics

August 1, 2018 admin Comments Off

Dialog Semiconductor Plc said on Tuesday it has ended discussions with Synaptics Inc about a potential acquisition of the U.S. touch-pad technology company, without citing a reason.

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Devon Energy misses profit estimates as costs, oil hedges weigh

August 1, 2018 admin Comments Off

U.S. oil producer Devon Energy Corp on Tuesday missed Wall Street estimates for quarterly profit as expenses rose and a misplaced bet on the direction of oil prices offset higher oil output.

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IQIYI Shares Jump on Strong Forecast

August 1, 2018 admin Comments Off

IQIYI Inc. shares jumped as much as 9.2 percent in post-U.S. market trading Tuesday after the Chinese streaming company’s third-quarter revenue forecast and second-quarter revenue topped analyst estimates. … …read more […]

Apple buybacks eclipse value of most S&P 500 companies

August 1, 2018 admin Comments Off

Apple Inc said on Tuesday it handed its shareholders $20 billion through share buybacks in the June quarter, bringing its tally this year to a record $43 billion and helping push its stock price to an all-time high.

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U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict

August 1, 2018 admin Comments Off

Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families who claimed that asbestos-contaminated talc caused ovarian cancer.

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If it were valued properly, Apple could have a $300 price…

August 1, 2018 admin Comments Off

Jim Cramer argues that Apple should be seen as a consumer products company rather than a technology player after its third-quarter earnings beat. …read more […]

China’s Baidu tops profit estimates on ad sales growth

August 1, 2018 admin Comments Off

Chinese internet search giant Baidu Inc on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement business.

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China’s Baidu posts 24.4 percent rise in quarterly revenue

August 1, 2018 admin Comments Off

China’s Baidu Inc reported a 24.4 percent rise in quarterly revenue on Tuesday, driven by gains in the internet search firm’s online ad business.

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Thyssenkrupp investor Elliott says divisions should have more say

August 1, 2018 admin Comments Off

Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a leadership crisis at the German engineering group.

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Apple’s pricey iPhone X, subscriptions deliver earnings beat

July 31, 2018 admin Comments Off

Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple Music and iCloud services bolstering business.

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Credit Suisse charged with rigging foreign exchange rates

July 31, 2018 admin Comments Off

Credit Suisse has been charged by European Union antitrust regulators with rigging foreign exchange rates, the Swiss bank said on Tuesday, a sign that the five-year long EU investigation may reach a conclusion in the coming months.

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White House Distances Itself from Big Tax Cut for the Wealthy

July 31, 2018 admin Comments Off

The New York Times reported Monday that the Trump administration was considering bypassing Congress to enact another big tax cut that would mainly benefit the wealthy. Mnuchin told the Times’ Alan Rappeport and Jim Tankersley earlier this month that his department was trying to determine if it has the legal authority to make such a change in the absence of legislation from Congress, and the White House confirmed Tuesday that the analysis continues. …read more […]

GE wins $631 million U.S. defense contract: Pentagon

July 31, 2018 admin Comments Off

General Electric Co has been awarded a $631 million contract for repair, replacement and program support of engine components used on the F/A-18 E/F and EA 18G aircraft, the Pentagon said in a statement on Tuesday.

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