Month: August 2019

If you’re in the market for a new car, there’s a good chance you’ll find some decent deals during the long Labor Day weekend sales push. With vehicles sitting on lots longer and dealerships eager to make room for next year’s models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive
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Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
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KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
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The Abercrombie & Fitch store at South Park mall in Charlotte, North Carolina. Chris Keane | Reuters Abercrombie & Fitch cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, as the apparel maker grapples with the impact of increased U.S. tariffs on Chinese goods. Shares of the New
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Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Coty reported a wider quarterly loss, hurt by a $3 billion writedown in value of its consumer beauty brands, a part of the cosmetics maker’s restructuring plan to turn around the business. The
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Autodesk president and CEO Andrew Anagnost in June 2017. CNBC Autodesk shares plunged more than 11% in extended trading on Tuesday after the software company said that the trade war could hurt its financials in the second half of the fiscal year. “While we continue to execute well and are not materially impacted by current
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Hewlett Packard Enterprise shares rose as much as 8% on Tuesday after the company said it was raising its full-year earnings guidance. Here are the key numbers: Earnings: 45 per share, excluding certain items, vs. 40 cents per share as expected by analysts, according to Refinitiv. Revenue: $7.22 billion, vs. $7.26 billion as expected by
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The Chartwell Estate Photograph by Jim Bartsch, courtesy of the Estate of Jerry Perenchio This elegant French chateau-style estate in Los Angeles’ Bel Air neighborhood recently got a $50 million price chop but is still the most expensive residence for sale in America. CNBC got an exclusive look inside the $195 million mega home. The
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RIYADH, Saudi Arabia — Crown Prince Mohammad bin Salman hopes to see tourism contribute 10% of Saudi Arabia’s gross domestic product by 2030 — and the country plans to tap everything from a 2,000-year-old UNESCO heritage site to the “the longest, tallest and fastest roller coaster in the world” to make it happen. Next month,
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