NEW YORK, April 18- The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year because predicted economic bad news has failed to materialize. The quarter could be the trough for "this mini down cycle," said Keith Lerner,...
*Hikes FY adj EPS to $14.50- $14.75 from $14.40- $14.70. "It goes back to the political pressure on the managed care area," Thomas Martin, senior portfolio manager at GLOBALT Investments in Atlanta said. Senator Bernie Sanders recently unveiled the latest version of his " Medicare- for-All" plan that would eliminate private insurance and shift all Americans to a...
NEW YORK/ CHICAGO, April 16- China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said. The United States and China are trying to hammer out a deal to end a...
*Johnson& Johnson rises after beat-and-raise quarter. April 16- U.S. stocks edged higher on Tuesday, as an advance in technology shares and a jump in Johnson& Johnson following strong results countered losses in UnitedHealth and Bank of America. I don't think that it was unexpected that things related to the cyclical economy to be weak, "said Thomas Martin, senior...
NEW YORK, April 15- U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn. A recession could bring escalating credit losses, liquidity crunch and higher funding costs, testing...
Total operating revenues grew 5.1 percent to $10.47 billion in the first quarter to March 31, as growth in premium ticket sales and the airline's maintenance business helped offset lower cargo volumes. Shares rose 1.6 percent to close at $57.86 midday, off a session high of $58.95. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per...
Total operating revenues grew 5.1 percent to $10.47 billion in the first quarter to March 31, as growth in premium ticket sales and the airline's maintenance business helped offset lower cargo volumes. Shares were 0.9- percent higher at $57.46 midday, off a session high of $58.95. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per...
"Demand for Delta's product has never been stronger," said President Glen Hauenstein in a statement. Total operating revenues grew 5.1 percent to $10.47 billion in the first quarter to March 31, as growth in premium ticket sales and the airline's maintenance business helped offset lower cargo volumes. Delta did not update its own 2019 profit guidance but said it...
April 5- The Centers for Disease Control and Prevention and several other U.S. agencies are investigating an E.coli outbreak in five states, the CDC said https://www.cdc.gov/ecoli/2019/o103-04-19/map. html on Friday. The CDC, the U.S. Department of Agriculture's Food Safety and Inspection Service, the U.S. Food and Drug Administration and several states are...
LONDON, April 4- Emerging market central banks interest rate cuts outstripped interest rate hikes for a second straight month in March, taking their cue from major central banks from the U.S. NIGERIA- In a surprise move, the central bank cut its benchmark interest rate to 13.5 percent from 14 percent on March 26 as part of an attempt to stimulate growth in Africa's...
April 2- Delta Air Lines Inc shares rose 7 percent on Tuesday after the No.2 U.S. airline raised its first-quarter profit estimate on the back of strong business travel demand. The news boosted shares of rivals, with United Airlines, American Airlines and Southwest Airlines Co all up between 1 percent and 3 percent in morning trading. On Tuesday, Atlanta- based...
Senate Democrats on Monday blocked a Republican disaster aid bill, saying it doesn't do enough to help hurricane-torn Puerto Rico.
*Chipmakers rise on positive China data. NEW YORK, April 1- U.S. stocks rallied on Monday, starting off the second quarter on a strong note, as upbeat manufacturing numbers from China and the United States eased worries about slowing global growth. Gains in global equities were spurred by data showing that China's manufacturing sector unexpectedly returned to...
Movie star Sandra Bullock has real estate all over the U.S., but her Tybee Island, Georgia home was recently put up for sale. Here's a peak inside the estate which features a pool, gym, and private beachfront.
*Wall Street gains counter losses for Europe's STOXX. *Turkish lira plunges as London swap market revives. NEW YORK, March 28- Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while gains on Wall Street countered declines in other world stock markets as investors eyed U.S.- China trade talks and economic growth.
March 27- Cyber security firm SecureWorks Corp beat analysts' estimates for quarterly profit on Wednesday, benefiting from companies spending more to prevent attacks on their networks, and said Chief Financial Officer Wayne Jackson will leave. The company said it expects fiscal 2020 revenue to be between $565 million and $575 million, while analysts were...
The company also forecast full-year revenue to be between $565 million and $575 million, with the midpoint of range coming in slightly above the average analyst estimate of $569.6 million. Spending by businesses on protection from cyber attacks rose 20 percent year-over-year in 2018, according to Wedbush Securities. SecureWorks said net revenue rose to...
NEW YORK, March 26- U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter, a move that would create a bigger player focused on government-backed health insurance plans. WellCare is more focused on Medicare and Medicaid plans, government healthcare programs for the...
Only a fraction of expense reports are closely examined, so it is no wonder that companies experience more than $7 billion in annual losses from fraud, according to the Association of Certified Fraud Examiners. By using robots, instead of relying on random spot checks, companies are catching fraud more than twice as fast and fraud losses are halved, said Andi...
WASHINGTON, March 22- The U.S. Energy Department on Friday finalized up to $3.7 billion in loan guarantees to finance the construction of two reactors at the delayed Vogtle nuclear power plant in Georgia, tapping a program zeroed out in President Donald Trump's latest budget. Up to $1.67 billion will go to Georgia Power Co, a subsidiary of Southern Co; up to $1.6...
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