3:00 PM, Sep 20, 2018 — Under Armour (UAA) said in a statement Thursday that it will cut about 3% of its employees globally as part of a restructuring plan, but Wedbush analysts said demand headwinds will still plague the company. The company said it expects about $200 million to $220 million pre-tax restructuring and […]
10:05 AM, Sep 19, 2018 — KPMG and Richard Hinton, a partner with the firm, admitted to misconduct in connection with their reports to the Financial Conduct Authority concerning compliance by The Bank of New York Mellon (BK), the UK Financial Reporting Council said in a statement on Wednesday. The parties admitted their conduct “fell […]
10:02 AM, Sep 18, 2018 — Apple (AAPL) has deposited 14.3 billion euros ($16.7 billion) in an escrow account to satiate the European Commission, which in 2016 ruled that the company had received unfair tax incentives from the government of Ireland, Irish Minister for Finance and Public Expenditure and Reform Paschal Donohoe said. The company […]
(MT Newswires) – Most commodities were in the red amid tame inflation data released Friday as well as mixed developments in the ongoing trade war between the US and China. On Wednesday, US Treasury Secretary Steven Mnuchin reportedly sent an invitation for talks to senior Chinese officials, proposing a meeting in the next few weeks. […]
8:56 AM, Aug 27, 2018 — Tesla (TSLA) shares were down 2.6% in pre-bell trading after Chief Executive Elon Musk said in a blog post on Friday that he will not attempt to take the company private. He said in the post that it was “important” for him to understand whether investors agreed with the […]
(MT Newswires) – – Crude ended Friday’s session in positive territory as investors assessed the risk of supply disruptions amid a strike in the North Sea oil and gas fields. A scheduled industrial action over working rotas will go ahead, UK union Unite said in a statement, after talks between French oil refiner total and […]
11:13 AM, Aug 24, 2018 — Federal Reserve Chairman Jerome Powell said more increases in the benchmark US lending rate are likely if the recent strong pace of growth in wages and jobs continues. The Federal Open Market Committee’s consensus is that the “gradual process of normalization remains appropriate” as marked by rate hikes and […]
8:02 AM, Aug 22, 2018 — Target (TGT) reported second-quarter financials on Wednesday morning that topped expectations, pushing shares higher in pre-market trading. The company said second-quarter GAAP earnings from continuous operations jumped 23% from a year earlier to $1.49 a share, and adjusted earnings surged 20% to $1.47 per share. Consensus compiled by Capital […]
(MT Newswires) – – Crude ended Friday’s session higher but marked a loss on the week that saw a bigger-than-expected rise in US stockpiles of the key commodity in Wednesday’s data, raising concerns about supplies even as investors looked ahead to the resumption of trade talks between the US and China that could cool geopolitical […]
10:43 AM, Aug 17, 2018 — Deere & Company (DE) reported higher results for the fiscal third quarter but earnings missed expectations as the equipment maker said it’s facing rising costs for raw materials. Earnings after adjustments came in at $2.59 a share, beneath the consensus on Capital IQ for $2.75 a share. A year […]
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