Month: August 2017

Russian aluminium giant Rusal reported a 48 percent rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510 million from $344 million in the same quarter
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Finally, Cramer spoke with Rick Bergman, the CEO of Synaptics, a company that develops interface solutions like displays, touchpads and fingerprint sensors. “Some of the key cycles are really in our favor,” Bergman told Cramer on Thursday. “There’s a big transition ongoing in the smartphone market around new display types, and over the last several
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Check out which companies are making headlines after the bell: Shares of Autodesk rose more than 3 percent in extended trading after the company’s second-quarter results beat estimates. The software company posted a loss of 11 cents per share — better than the 15-cent loss estimated by Thomson Reuters — on revenue of $502 million.
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Fidelity’s calculations include premiums, cost-sharing provisions and out-of-pocket costs associated with Medicare parts A, B and D — but does not include other health expenses such as over-the-counter medications, dental services and long-term care. “Estimates are calculated for ‘average’ retirees, but may be more or less depending on actual health status, area of residence and
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Sears shares moved sharply higher Thursday after the department store reported making progress toward stabilizing its business. The stock was 7.9 percent higher shortly after market opened. Earlier Thursday, Sears reported a narrower-than-expected loss but said sales continued to erode. The retailer posted a double-digit decline in comparable sales for the second quarter, citing a
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Mike Segar | Reuters Serena Williams of the U.S. runs to chase down a return from Roberta Vinci of Italy in the third set during their women’s singles semi-final match at the U.S. Open Championships tennis tournament in New York, September 11, 2015. Like most superstars, a successful career has allowed Serena Williams to indulge
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Dollar Tree reported better-than-expected quarterly profit and comparable sales, helped by lower costs and discounts as well as a 1 percent rise in same-store sales at its Family Dollar business. Shares of the biggest U.S. dollar-store chain operator rose 9 percent to $81.04 in premarket trading on Thursday after the company raised its profit and
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However, the UBS report says the 3 percent knock to earnings is not disastrous as euro zone company earnings are up strongly this year. “Additionally, there have been periods in the past of euro strength coinciding with decent European eps as it can signal a stronger domestic economy. Consensus estimates for 2017 EPS growth, currently
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No matter how much you earn, getting by is still a struggle for most people these days. Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder. Overall, 71 percent of all U.S. workers said they’re now in debt, up from
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Tiffany reported bigger-than-expected quarterly profit and sales on Thursday, helped in part by higher demand for its fashion and designer jewelry in Japan and lower input costs. Sales at established stores open for more than a year fell 2 percent, steeper than the 1 percent fall expected by analysts polled by research firm Consensus Metrix.
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Whole Foods shareholders have at last voted to advance Amazon‘s acquisition of the grocery chain, moving the proposal one step closer to reality. Gathered at Whole Food’s headquarters in Austin, Texas, the retailer’s shareholders approved a merger with the internet giant on Wednesday morning. Amazon shareholders don’t need to sign off on the deal. Now,
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The Powerball jackpot of $700 million had one winner in Massachusetts. The game jackpot, which had been growing since the June 10 drawing, was offering a $700 million annuity or $443.3 million in cash, according to a statement from the Pennsylvania Lottery on Wednesday. The jackpot was the lottery game’s second-largest ever, behind only the
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With Amazon’s stock down over 125 basis points from its high, CNBC’s Jim Cramer couldn’t help but wonder if the e-commerce giant was the most vulnerable of the top tech stocks. “As I scan the big-capitalization tech and growth stocks, this one keeps standing out among the weakest, and I can see the bear case
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Blue Apron has been a public company for less than two months. Already its stock price has been cut nearly in half, and it faces a slew of shareholder lawsuits and the departure of several executives. The confluence of these events and the magnitude of their occurrence at Blue Apron is rare. Many of them
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