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UPDATE 1-EBay forecasts holiday-quarter revenue below estimates, shares fall 3%

EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up to the crucial holiday shopping season. EBay forecast fourth-quarter adjusted profit from continuing operations in the range of 73 cents to 76 cents per share and net revenue of $2.77 billion and $2.82 billion. EBay said active buyers grew 4% to 183 million in the reported quarter. …read more […]

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UPDATE 1-Microsoft's cloud business slows, casts shadow over results

Microsoft’s Azure cloud business showed slower quarterly growth even as the software maker topped estimates for profit and revenue, indicating that the company may be facing intense competition in its fastest-growing business. Since Chief Executive Satya Nadella took over in 2014, Microsoft has been diversifying from its Windows operating system software, and has focused on its cloud services, in which customers move their computing work to data centers managed by Microsoft. …read more […]

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Is This Dividend’s Safety Due for a Giant Upgrade?

You may have never heard of B&G Foods (NYSE: BGS), but there’s a good chance you’ve got some of the company’s products in your kitchen right now.
B&G Foods produces name-brand food products, such as Green Giant frozen vegetables, Mrs. Dash spices, Ortega tortillas and taco shells, SnackWell’s cookies, and many more snacks sold in grocery stores across the country.
The company buys struggling food brands and revamps them so that their sales resume growth.
Today it sports a hefty 11.67% dividend yield.
So will this double-digit yield have investors echoing the Green Giant’s signature “Ho, ho, ho”? Or will they say “No, no, …read more […]

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Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion (£17.85 billion) drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. When Teva announced the value of the donated medicine – a generic version of opioid addiction treatment Suboxone – it based the figure on the drug’s list price, which does not account for significant discounts routinely provided by the drugmaker. If based on the estimated cost …read more […]

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China’s Industrial Espionage Is Bad Policy

China makes headlines almost every day. But I never really talk about it. That changes today.
First, you have to understand that China and I go way back. I’ve spent a lot of time there. I’ve done several business deals in China. And, before that, while working for then-Maryland Gov. William Schaefer, I helped open the state’s first Chinese office in Shanghai.
Some of the best moments in my career happened in China, like when the governor of Shanghai threw a state dinner in my honor. And some of the worst… like when my company had a prospective partner withdraw its support …read more […]

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Is Chesapeake Energy Corporation (CHK) Going To Burn These Hedge Funds ?

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]

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Wall Street’s #1 Analyst Firm Sees Over 40% Upside for These 3 ‘Strong Buy’ Stocks

The investment arm of the Royal Bank of Canada, RBC Capital Markets is a major name in the investment banking world. It is North America’s fifth largest bank, and holds the number 1 spot on TipRanks. RBC has 70 branches in 15 countries across North America, Europe, and East Asia – all important regions for Canadian trade and finance.RBC’s size and reputation were built on performance, and performance attracts the personnel that maintain the reputation. The bank’s financial market analysts hold prominent positions in TipRanks’ database of over 5,500 analysts, with three of them appearing in the Top 25.In recent …read more […]