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  • Total transaction volumes in Europe fell to $536 billion in the reported quarter from $558 billion a year earlier. However, overall revenue rose 8 percent to $5.49 billion, beating analysts' average estimate of $5.47 billion, largely helped by higher transaction volume in the United States, its largest market. Growth in the United States for the world's biggest...

  • Normally, Walmart would buy Angus beef from companies like Tyson Foods Inc and Cargill Inc.. Walmart has now arranged to source cattle from Texas rancher Bob McClaren of Prime Pursuits and 44 Farms, who said the retailer will sell no-hormones-added Black Angus beef. The cattle will be fed at a feedyard that specializes in avoiding hormones, slaughtered in...

  • SAN FRANCISCO/ NEW YORK, April 24- Despite new criticism from top Democrats for comments denigrating women and the Midwest, economic commentator Stephen Moore still has the backing of U.S. President Donald Trump for a seat at the Federal Reserve Board. "Steve Moore is in," White House economic adviser Larry Kudlow said on Fox Business Network, adding that once the...

  • SAO PAULO, April 24- Grupo Pão de Açúcar SA, one of Brazil's largest food retailers, owned by France's Casino Guichard Perrachon SA, on Wednesday posted first-quarter gross revenue of 13.8 billion reais, up 12.4% from the year-ago period, helped by major gains in its wholesale unit. In a like-for-like basis, total gross sales at GPA, as the company is known, grew by...

  • The company, which Wall Street suspects may soon have to raise more cash, said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March. Tesla, however, affirmed its outlook of delivering 360,000 to 400,000 vehicles in 2019 and said it may produce as many as 500,000 vehicles in the year if its...

  • The company, which Wall Street suspects may soon have to raise more cash, said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March. Tesla affirmed its outlook of delivering 360,000 to 400,000 vehicles in 2019 and said it may produce as many as 500,000 vehicles in the year if its Gigafactory in...

  • April 24- Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. Facebook set aside $3 billion to cover anticipated...

  • April 24- Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track. Shares rose 3.2% after the bell, pushing the Redmond, Washington- based company's market capitalization to nearly $1 trillion. Under Chief Executive Satya Nadella,...

  • The company said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March.

  • worries@ April 24- Brazil's currency and stocks fell on Wednesday as potential hurdles for pension reforms weighed, while other Latin American stocks tracked world equities lower. Brazil's real slipped 1.8 percent and hit a four week low, while the Bovespa stock index fell 0.9 percent on broad-based losses, giving up last session's gains.

  • SAN FRANCISCO, April 24- Twitter was ablaze on Wednesday with humorous commentary and speculation over why Tesla Inc's first-quarter earnings release was so late. -zFredericLambert, referring to former Chief Financial Officer Deepak Ahuja. "TSLA forgot to pay their WebEx Conference call bill.

  • BRASILIA, April 24- Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government's struggle to build support for its signature reform policy. 'said Jose Francisco de Lima, chief economist at Banco Fator in Sao Paulo. Jose Carlos Faria, head of Latin...

  • TOKYO, April 25- The Bank of Japan is expected to keep monetary policy steady on Thursday and predict that inflation will fall short of its 2 percent target for three more years, signaling that its massive stimulus will stay in place for the foreseeable future. Given their dwindling policy tool-kit, BOJ officials have made clear that subdued inflation alone...

  • April 24- Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly same-store sales on Wednesday, as the restaurant chain's emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions. Net income rose to $88.1 million, or $3.13 per share, in the quarter, from $59.5 million, or $2.13 per share, a year earlier.

  • April 24- Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising sales, while also setting aside up to $5 billion to cover anticipated official U.S. privacy penalties. The company also raised the top end of its provision for losses related to Federal Trade Commission privacy...

  • *Caterpillar, AT&T fall after Q1 results. NEW YORK, April 24- The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. It has been supported by a dovish Federal Reserve, hopes of a U.S.- China trade deal and largely upbeat...

  • April 24- Chipotle Mexican Grill Inc beat analysts' expectations for quarterly same-store sales on Wednesday, as the fast-casual chain's emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions. Sales at restaurants open for at least 13 months rose 9.9 percent in the first quarter ended March 31, well above...

  • April 24- Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising spending by companies while also warning it could face up to $5 billion in losses related to an official U.S. privacy investigation. Total revenue rose 26 percent to $15.08 billion, beating analysts' average...

  • NEW YORK, April 24- The S&P 500 slipped on Wednesday, after ending the previous session with a record and the Nasdaq edged lower after reaching an all-time high earlier in the day while investors waited for more earnings reports.

  • April 24- Microsoft Corp beat Wall Street estimates for quarterly revenue on Wednesday, fueled by its Azure cloud computing unit and the continued shift to the subscription version of its Office software. Total revenue rose 14 percent to $30.57 billion in the third quarter ended March 31, beating analysts' average estimate of $29.84 billion, according to IBES...