• Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

    Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

    Search engine operator Alphabet (GOOG. GOOGL) said that it had authorized a multi-billion-dollar stock repurchase as it posted better-than-expected results for its fiscal second quarter after markets closed on Thursday. The company reported revenue of $38.94 billion in the three months ended June 30, up from $32.66 billion in the […]

  • Whirlpool Raises Full-Year Guidance

    Whirlpool Raises Full-Year Guidance

    Whirlpool (WHR) ramped up its full-year guidance after markets closed on Monday as the manufacturer of home appliances posted better-than-expected second-quarter results, which were supported by rising demand in North America. The Benton Harbor, Mich.-based company reported revenue of $5.19 billion in the three months ended June 30, up from […]

  • SAP Maintains Full-Year Guidance

    SAP Maintains Full-Year Guidance

    German technology major SAP (SAP) reiterated its full-year guidance on Thursday as it posted revenue and adjusted earnings per share for its second quarter that fell short of analysts’ estimates, despite being up year-on-year. The Waldorf, Germany-headquartered company generated revenue of 6.66 billion euros ($7.47 billion) on a non-IFRS basis […]

  • Health Care Stocks Post Modest Gains

    Health Care Stocks Post Modest Gains

    Health care stocks still were edging higher this afternoon, including a nearly 0.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up just over 0.5% as a group. The Nasdaq Biotechnology index was climbing almost 0.6%. Among health care […]

  • Stagecoach Maintains Full-Year Earnings Forecast

    Stagecoach Maintains Full-Year Earnings Forecast

    Stagecoach (SGC.L), one of the UK’s biggest bus, coach, and rail operators, said early on Wednesday that it was maintaining its full-year earnings expectations for fiscal 2020 even as it completed the sale of its North America business and decided not to bid for any new UK rail franchises. The […]

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Market Notes

Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

Search engine operator Alphabet (GOOG. GOOGL) said that it had authorized a multi-billion-dollar stock repurchase as it posted better-than-expected results for its fiscal second quarter after markets closed on Thursday. The company reported revenue of $38.94 billion in the three months ended June 30, up from $32.66 billion in the […]

by × July 26, 2019 × 0 comments

Market Notes

Whirlpool Raises Full-Year Guidance

Whirlpool Raises Full-Year Guidance

Whirlpool (WHR) ramped up its full-year guidance after markets closed on Monday as the manufacturer of home appliances posted better-than-expected second-quarter results, which were supported by rising demand in North America. The Benton Harbor, Mich.-based company reported revenue of $5.19 billion in the three months ended June 30, up from […]

by × July 23, 2019 × 0 comments

Market Notes

SAP Maintains Full-Year Guidance

SAP Maintains Full-Year Guidance

German technology major SAP (SAP) reiterated its full-year guidance on Thursday as it posted revenue and adjusted earnings per share for its second quarter that fell short of analysts’ estimates, despite being up year-on-year. The Waldorf, Germany-headquartered company generated revenue of 6.66 billion euros ($7.47 billion) on a non-IFRS basis […]

by × July 18, 2019 × 0 comments

Stock News

Health Care Stocks Post Modest Gains

Health Care Stocks Post Modest Gains

Health care stocks still were edging higher this afternoon, including a nearly 0.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up just over 0.5% as a group. The Nasdaq Biotechnology index was climbing almost 0.6%. Among health care […]

by × July 1, 2019 × 0 comments

Market Notes

Stagecoach Maintains Full-Year Earnings Forecast

Stagecoach Maintains Full-Year Earnings Forecast

Stagecoach (SGC.L), one of the UK’s biggest bus, coach, and rail operators, said early on Wednesday that it was maintaining its full-year earnings expectations for fiscal 2020 even as it completed the sale of its North America business and decided not to bid for any new UK rail franchises. The […]

by × June 26, 2019 × 0 comments

Stock News

Bristol-Myers Squibb Plans Sale of Celgene’s Otezla

Bristol-Myers Squibb Plans Sale of Celgene’s Otezla

Bristol-Myers Squibb (BMY) said on Monday that Celgene (CELG) will sell its psoriasis treatment Otezla, one of the biopharmaceutical’s top selling drugs that’s expected to bring in almost $2 billion in revenue this year, in a bid to win approval for the companies’ merger plans. Bristol-Myers Squibb is planning the […]

by × June 24, 2019 × 0 comments

Stock News

Amazon to Lease 15 Boeing 737 Cargo Aircraft to Expand Amazon Air Network

Amazon to Lease 15 Boeing 737 Cargo Aircraft to Expand Amazon Air Network

Amazon.com (AMZN) said Tuesday it will lease 15 Boeing 737-800 cargo aircraft as the e-commerce giant moves to increase its capacity at its Amazon Air cargo operation. The eCommerce company said that it would lease the aircraft from GE Capital Aviation Services. Amazon earlier this year announced it would lease […]

by × June 18, 2019 × 0 comments

Business Updates

Consumer Price Growth Slows in May

Consumer Price Growth Slows in May

Consumer prices accelerated at a slower pace in May than the previous month, matching analysts’ expectations while core prices were unchanged and came in shy of predictions. Inflation rose 0.1% last month after a 0.3% advance in April, the US Bureau of Labor Statistics said on Wednesday. Analysts polled by […]

by × June 12, 2019 × 0 comments

Market Notes

Oil Drops On Report Of Higher U.S. Inventories

Oil Drops On Report Of Higher U.S. Inventories

OIl prices were lower early on Wednesday on reports that U.S. inventories have continued to rise despite production cuts from OPEC and Russia and the removal of supply from Venezuela and Iran. West Texas Intermediate crude for July delivery was last seen down US$1.50 to US$51.77 per barrel while August […]

by × June 12, 2019 × 0 comments