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Amazon exec Charlie Kindel says he's leaving to take a serious break from 'work'
Amazon is famous for its hard-charging work culture, and Charlie Kindel, an …read more […]
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Business News
Investors look to Apple’s cash, services as iPhone sales seen stalling
(Reuters) – Apple Inc’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company’s quarterly earnings report on Tuesday.
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Nigerian President Buhari: Trump deserves credit on poten…
President Trump holds a joint news conference with Nigerian President Muhammadu Buhari. …read more […]
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Oil spikes as Israeli prime minister says Iran 'lied big time' on nuclear deal
Oil prices rose Monday as tensions between archenemies Israel and Iran ratcheted up. Israeli Prime Minister Benjamin Netanyahu accused Iran of secretly pursuing nuclear weapons. Oil prices jumped Monday, after Israeli Prime Minister Benjamin Netanyahu accused Iran of secretly pursuing nuclear weapons Monday afternoon. …read more […]
Business News
McDonald’s serves up quarterly beat on higher global sales, U.S. spending
(Reuters) – McDonald’s Corp blew past analysts’ forecasts for profit and revenue on Monday, helped by higher sales in overseas markets and as U.S. customers spent more at its outlets.
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One of the most reliable Apple analysts has left for a new job — and it's bad news for Apple fans (AAPL)
Analyst Ming-Chi Kuo has become famous among Apple observers for publishing accurate rumors about upcoming Apple products. If you’ve heard a rumor about an unreleased Apple product in the past five years, there’s a good chance it came from Ming-Chi Kuo, an equities analyst at financial firm KGI Securities. …read more […]
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Exclusive – U.S. EPA grants biofuels waiver to billionaire Icahn’s oil refinery: sources
The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter. The waiver enables Icahn’s CVR Energy Inc to avoid tens of millions of dollars in costs related to the U.S. Renewable Fuel Standard (RFS) program. …read more […]
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U.S. Makes Final Pitch to Judge to Block AT&T-Time Warner
The U.S. made its final plea in the trial over AT&T Inc.’s proposed takeover of Time Warner Inc., telling a judge that consumers will pay the price if the owner of the country’s biggest pay-TV company … …read more […]
Business News
Wall Street edges higher on strong McDonald’s earnings, health drags
(Reuters) – U.S. stocks rose on Monday as strong earnings reports from McDonald’s and a slate of merger announcements lifted sentiment, while inflation worries were kept in check after tepid data on U.S. income and spending.
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Allergan CEO opposes fundamental shift in strategy, shares fall
Botox maker Allergan’s shares fell 4.2 percent to $155.16 (112.8 pounds) in late-morning trading, and are down more than a third over the last year. Allergan has hired multiple advisers, Saunders said on a Monday conference call following the company’s quarterly earnings. It is considering five options: deploying capital to buy back shares, doing divestitures, splitting the company, making acquisitions, or continuing to operate Allergan as is. …read more […]
Business News
OPEC April oil output hits year low on Venezuela slide: Reuters survey
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and lower shipments from African producers, a Reuters survey found, sending compliance with a supply-cutting deal to another record.
Business News
Marathon to become top U.S. refiner with $23 billion Andeavor buy
(Reuters) – Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in the largest-ever tie-up between U.S. refiners, giving the combined company a nationwide presence and increased access to growing export markets.
Newsmakers
Entegris (NASDAQ: ENTG) Reports Record Sales and Earnings in First Quarter of 2018
BILLERICA, Mass.—Entegris, Inc. (NASDAQ: ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today reported its financial results for the Company’s first quarter ended March 31, 2018. First-quarter sales were $367.2 million, […]
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Is a Beat in the Cards for Exelixis (EXEL) in Q1 Earnings?
Exelixis is likely to beat on earnings when it reports first-quarter results (May 2) driven by strong growth of Cabometyx sales. …read more […]
Business News
Exclusive: U.S. Treasury meets business groups on Chinese investment bill – sources
WASHINGTON (Reuters) – U.S. Treasury officials are meeting with about 10 industry groups on Monday to discuss the latest draft of legislation that would tighten scrutiny of foreign investment in order to limit Chinese efforts to acquire sophisticated U.S. technology, three sources familiar with the meeting said.