David Koch, the billionaire, industrialist, philanthropist, political activist and onetime vice presidential candidate for the Libertarian Party, died Friday. He was 79. “It is with a heavy heart that I announce the passing of my brother David,” Charles Koch announced in a statement. “Anyone who worked with David surely experienced his giant personality and passion
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Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Lingerie maker Victoria’s Secret dragged on parent company L Brands‘s second-quarter earnings, which topped analysts’ expectations on
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Nordstrom‘s stock soared after the company released a mixed earnings report that showed weakening sales, but handily beat Wall Street profit estimates. Its stock rose about 5% in extended trading, after initially jumping more than 21%. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Adjusted earnings
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Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes. Slowing economic growth and recent stock market volatility, triggered by an escalating U.S.-China trade war, have made some Chinese buyers more cautious about investing in the U.S. property market, potentially
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Signage is displayed outside of the Cardinal Health Inc. headquarters in Dublin, Ohio. Ty Wright | Bloomberg | Getty Images Drug distributor Cardinal Health warned on Tuesday that its business could be hurt as it defends itself against several opioid-related lawsuits. Several pharmaceutical wholesale distributors, including Cardinal, have been named as defendants in about 2,500
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Target‘s second-quarter earnings report Wednesday beat every estimate forecast by Wall Street, sending its shares to a record high. The retailer’s quarterly profit jumped by 17% as its in-store pickup and same-day shipping services successfully drew more customers. It also raised its outlook for the rest of the year. Sales at the company’s stores that
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Lowe’s shares surged Wednesday after the home improvement retailer’s second-quarter earnings report beat Wall Street forecasts and topped rival Home Depot on same-store sales growth in the U.S. The report — which exceeded analyst estimates on earnings, revenue and same-store sales — showed that changes made by CEO Marvin Ellison have started to take root
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Home Depot on Tuesday reported sales that missed analysts’ expectations, and it lowered its sales outlook for the year amid fears that the trade war will slow consumer spending. “Today we are updating our sales guidance to account primarily for continued lumber price deflation, as well as potential impacts to the U.S. consumer arising from
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