Archive For The “News” Category

PACCAR Earnings Miss, Revenue Beats In Q2

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PACCAR Earnings Miss, Revenue Beats In Q2

Investing.com – PACCAR (NASDAQ:PCAR) reported second quarter earnings that missed analysts’ expectations on Tuesday and revenue that topped forecasts. The firm reported earnings per share of $1.78 on revenue of $6.63B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $6.25B. That compared to EPS of $1.59 on revenue of $5.47B in the…

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UBS posts surprise second quarter profit boost

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UBS posts surprise second quarter profit boost

By Brenna Hughes Neghaiwi ZURICH (Reuters) – UBS (S:UBSG) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. Switzerland’s biggest bank also said gains in its corporate deals business cushioned a fall in profits in investment banking –…

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Comic: Antitrust and Regulatory Fears Set To Dominate Big Tech Earnings

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Comic: Antitrust and Regulatory Fears Set To Dominate Big Tech Earnings

By Jesse Cohen Investing.com – The U.S. second-quarter earnings season shifts into high gear this week, with more than a quarter of the S&P 500 companies set to report their latest results in the coming days. Jesse Cohen@JesseCohenInv Notable #Earnings To Watch This Week: Mon: $HAL $WHR $PIXY $AMTD Tues: $KO $V $SNAP $LMT $UTX $IRBT $CMG…

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Oil Prices Drop as U.K. Calms Nerves Over Iran; U.S. Inventories on Tap

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Oil Prices Drop as U.K. Calms Nerves Over Iran; U.S. Inventories on Tap

Investing.com – Oil prices gave back some recent gains on Tuesday as the U.K. offered a conciliatory tone its recent dispute with Iran in the Gulf, while markets prepped for the release of U.S. crude inventories. New York-traded West Texas Intermediate crude futures fell 24 cents, or 0.4%, to $55.98 a barrel by 7:52 AM ET (11:52…

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Congress, White House near deal on Treasury’s borrowing authority: source

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Congress, White House near deal on Treasury’s borrowing authority: source

By Richard Cowan WASHINGTON (Reuters) – U.S. congressional and White House negotiators are close to a deal to extend the Treasury Department’s borrowing authority until July 31, 2021 and enact spending caps on a wide range of federal programs, a source close to the talks said on Monday. Details were still being worked out, according…

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Just Eat to cut some jobs in Britain to streamline operations

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Just Eat to cut some jobs in Britain to streamline operations

(Reuters) – Just Eat Plc (L:JE) will lay off “a number” of jobs in Britain as it combined its customer and restaurant operations, the online takeaway service said on Monday. The company did not confirm the exact number of job cuts. However, TechCrunch, which reported the news https://techcrunch.com/2019/07/22/just-eat-layoffs first, pegged the number of redundancies at about a…

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UniCredit considers cutting around 10,000 jobs under new plan-sources

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UniCredit considers cutting around 10,000 jobs under new plan-sources

MILAN (Reuters) – Italy’s biggest bank by assets UniCredit (MI:CRDI) is considering cutting around 10,000 jobs, or 10 percent of its global workforce, as part of a new business plan to be unveiled in December, two sources close to the matter said on Monday. One of the sources said the bank would announce at least…

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France to fine retailer Leclerc over ‘abusive’ commercial practices

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France to fine retailer Leclerc over ‘abusive’ commercial practices

PARIS (Reuters) – France’s Economy Ministry said on Monday it planned to fine food retailer Leclerc 117.3 million euros ($131.58 million) for “abusive commercial practices” that involved using its Belgian purchasing alliance Eurelec to put pressure on suppliers. Leclerc, France’s largest retailer by market share, said it was the target of a government campaign, having…

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Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC

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Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC

(Reuters) – Microsoft Corp (NASDAQ:MSFT) agreed to pay more than $25 million, including an $8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monday. The SEC said the criminal fine was part of a non-prosecution agreement with the…

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The pits: How China’s U.S. tariff jab choked a cherry import boom

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The pits: How China’s U.S. tariff jab choked a cherry import boom

By Yawen Chen and Shivani Singh BEIJING (Reuters) – For public relations officer Rachel Li, paying top dollar for “beautiful” cherries imported from the United States was a no-brainer. “I heard they are full of iron,” said the Guangzhou-based 33-year-old, “eating them makes me feel healthy, luxurious.” Or it did, until Beijing imposed sky-high tariffs…

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