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Corporate :: Profits

Wal-Mart gives tepid profit outlook as competition mounts with Amazon, grocery discounters

seattletimes.com

Wal-Mart gives tepid profit outlook as competition mounts with Amazon, grocery discounters

- Wal-Mart Stores, racing to fend off Amazon.com and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The retail giant’s shares slid 1.6 percent Thursday. It said profit will be 90 cents to 98 cents a share in the current quarter
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: United States | 

Some Soros Fund holdings may profit if stocks fall: SEC filings

reuters.com

Some Soros Fund holdings may profit if stocks fall: SEC filings

- NEW YORK (Reuters) - Soros Fund Management LLC, whose billionaire chairman said earlier this year that markets would stumble given the uncertainty surrounding U.S. President Donald Trump, recently held positions that could profit if the financial markets falter, U.S. regulatory filings showed on Monday. George Soros in January said at his annual media dinner held at the World Economic Forum in Davos, Switzerland that "it's impossible to predict" Trump's actions but that he was nonetheless "convinced that he is going to fail
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Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Finance |  Investments |  Profits |  Investment Funds | 
Places: Americas |  North America |  United States | 

Producers of ‘The Walking Dead’ Sue AMC Over Share of Profits

nytimes.com

Producers of ‘The Walking Dead’ Sue AMC Over Share of Profits

- In a lawsuit that will be watched closely in Hollywood, several producers of “The Walking Dead” on Monday sued AMC — the cable network that broadcasts the hit TV series — seeking a greater share of profits. The lawsuit, filed in Los Angeles Superior Court, claims that AMC has been holding back a significant amount of money that traditionally would have been handed over to top producers once a show has been as successful and on the air as long as “The Walking Dead” has been
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Categories: Business |  Law & Crime |  Media & Information | 
Tags: Judiciary |  Corporate |  Enterprises |  Profits |  Civil Actions | 
Places: Americas |  North America |  United States | 

After a prolonged drought, U.S. bear market funds attract buyers

thehindu.com

After a prolonged drought, U.S. bear market funds attract buyers

- Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in falling markets attracted $413 million in new investments during the second quarter, the funds’ largest inflows since the height of 2013’s “Taper Tantrum” selloff, according to Thomson Reuters’ Lipper research unit
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Categories: Business | 
Places: United States |  India | 

Woman creates non-profit organization that delivers meals to families during health crises

wtnh.com

Woman creates non-profit organization that delivers meals to families during health crises

- (WTNH) — On tonight’s Nyberg, Ann talks to the founder of “Healing Meals Community Project.” Sarah Leathers started the non-profit organization in 2015 in Avon. They make healthy, organic meals and deliver them to an entire family for up to three months while they’re experiencing a health crisis. The meals are made by volunteers aged 14 to 24 years old who are supervised
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut | 

As Obamacare twists in political winds, top insurers made $6 billion (not that there is anything wrong with that)

cnbc.com

As Obamacare twists in political winds, top insurers made $6 billion (not that there is anything wrong with that)

- It's easy to think the nation's entire health insurance market is paralyzed by the nasty debate over Obamacare in Washington. But, while Congress battled over health reform this spring, the nation's largest health insurers racked up strong profits in the second quarter thanks partly to less exposure to the Affordable Care Act marketplaces. Combined, the nation's top six health insurers reported $6 billion in adjusted profits for the second quarter
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Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Insurance |  Profits | 
Places: Americas |  North America |  United States | 

Profit at Buffett's Berkshire falls 15 percent as costs rise

siouxcityjournal.com

Profit at Buffett's Berkshire falls 15 percent as costs rise

- OMAHA, Neb. (AP) — Berkshire Hathaway, the conglomerate controlled by billionaire Warren Buffett, said Friday that its second-quarter profit fell 15 percent as costs rose for its various businesses and it earned less from its investments. Berkshire owns many companies, including battery maker Duracell, underwear seller Fruit of the Loom and candy company See's. It also has major investments in Coca-Cola Co
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Categories: Business | 
Tags: Corporate |  Enterprises |  Finance |  Investments |  Profits | 
Places: Americas |  North America |  United States |  Nebraska | 

Profit at Buffett's Berkshire falls 15 percent as costs rise

richmond.com

Profit at Buffett's Berkshire falls 15 percent as costs rise

- OMAHA, Neb. (AP) — Berkshire Hathaway, the conglomerate controlled by billionaire Warren Buffett, said Friday that its second-quarter profit fell 15 percent as costs rose for its various businesses and it earned less from its investments. Berkshire owns many companies, including battery maker Duracell, underwear seller Fruit of the Loom and candy company See's. It also has major investments in Coca-Cola Co
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Categories: Business | 
Tags: Corporate |  Enterprises |  Finance |  Investments |  Profits | 
Places: Americas |  North America |  United States |  Nebraska | 

Berkshire profit falls on lower gains, underwriting loss

reuters.com

Berkshire profit falls on lower gains, underwriting loss

- (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit fell 15 percent, reflecting lower investment gains and a loss from insurance underwriting. Net income for the Omaha, Nebraska-based conglomerate fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4
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Categories: Business | 
Tags: Corporate |  Enterprises |  Insurance |  Profits |  Underwriting | 
Places: Americas |  North America |  United States |  Omaha | 

Chesapeake posts $470 million quarterly profit

oklahoman.com

Chesapeake posts $470 million quarterly profit

- Improved commodity prices and a focus on cutting costs helped Chesapeake Energy Corp. swing to a profit of $470 million in the second quarter, the company said Thursday. The Oklahoma City-based oil and natural gas company is expected to continue increasing production throughout the year even as it reduces the number of rigs it has drilling throughout the country, CEO Doug Lawler said
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States | 

Paycom reports record sales, profits in second quarter

oklahoman.com

Paycom reports record sales, profits in second quarter

- Paycom Software Inc. reported record sales and profits in the second quarter as companies and workers become increasingly reliant on cloud-based human resources software to operate their businesses. Oklahoma City-based Paycom said revenues rose 33 percent to $98.2 million, while net income was $14.2 million, or 24 cents per share, in the second quarter. That compared to net income of $10
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Categories: Business | 
Tags: Corporate |  Enterprises |  Money |  Profits |  Sales |  Income |  Net income | 
Places: Americas |  North America |  United States | 

Italy's biggest bank sees profits rise under turnaround plan

richmond.com

Italy's biggest bank sees profits rise under turnaround plan

- MILAN (AP) — Italian bank UniCredit on Thursday said second-quarter profits grew by 3 percent as it undergoes a major turnaround under CEO Jean Pierre Mustier, who was appointed one year ago. Since then, Italy's biggest bank by assets has disposed of its Pioneer investment arm, the Pekao Polish subsidiary and raised 13 billion euros in capital, while reducing personnel and branches in overall cost-cutting moves
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Categories: Business | 
Places: United States |  Europe |  S. Europe |  Italian Peninsula |  Italy | 

Vulcan Materials blames rain for 4 percent earnings drop

al.com

Vulcan Materials blames rain for 4 percent earnings drop

- Birmingham's Vulcan Materials Company reported net earnings of $120 million for the second quarter, down about 4 percent from the same quarter yet. "Our core profitability in aggregates continues to improve," Hill said in a press release. "Aggregates unit gross profit was a second quarter record despite the wet weather we experienced in some of our strongest markets." Net earnings per diluted share were $0
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Categories: Business |  Science & Nature | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 

Humana raises profit expectations on performance of key Medicare Advantage business

wdrb.com

Humana raises profit expectations on performance of key Medicare Advantage business

- Louisville-based Humana Inc. reported higher than expected earnings in the April-June quarter and said it will be in a better position to earn extra payments from the federal government in 2018 for its bread-and-butter Medicare Advantage business. More >> Louisville-based Humana Inc. reported higher than expected earnings in the April-June quarter and said it will be in a better position to earn extra payments from the federal government in 2018 for its bread-and-butter Medicare Advantage business
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Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings |  Profits | 
Places: Americas |  North America |  United States | 

Devon Energy posts $425 million profit

oklahoman.com

Devon Energy posts $425 million profit

- Devon Energy Corp. generated a profit of $425 million in the second quarter as oil and natural gas production exceeded expectations while costs were lower than expected, the company said Tuesday. The Oklahoma City-based oil and natural gas company produced 536,000 barrels of oil equivalent per day in the second quarter, down from 644,000 equivalent barrels per day in the second-quarter of 2017
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Categories: Business | 
Places: Americas |  North America |  United States | 

Key drug sales push Pfizer profit up 50 percent

bostonherald.com

Key drug sales push Pfizer profit up 50 percent

- Rising sales of most key drugs, lower one-time charges and reduced manufacturing costs helped drive Pfizer's profit up 50 percent in the second quarter. The top U.S. drugmaker by sales beat Wall Street profit forecasts, tweaked its own forecast for the year, and predicted numerous lucrative drugs will be approved over the next half-decade. Still, cheaper generic competition continues to gnaw away at Pfizer's revenue, which fell short of analyst expectations
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits |  Sales | 
Places: Americas |  North America |  United States | 

Popular Stories

Profits - United States

  • Wal-Mart gives tepid profit outlook as competition mounts with Amazon, grocery discounters
    Wal-Mart gives tepid profit outlook as competition mounts with Amazon, grocery discounters

    , seattletimes.com

    Wal-Mart Stores, racing to fend off Amazon.com and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The retail giant’s shares slid 1.6 percent Thursday. It said profit will be 90 cents to 98 cents a share in the current quarter
    Read More ...

     

    Categories: Business | 
    Tags: Corporate |  Enterprises |  Profits | 
    Places: United States | 

Net profits

  • Singapore's central bank posts record net profit in year ending March 2017
    Singapore's central bank posts record net profit in year ending March 2017

    , cnbc.com

    Singapore's central bank made a record net profit of 24.3 billion Singapore dollars ($18.6 billion) in the last financial year, bolstered by positive currency translation effects and higher investment gains. The Monetary Authority of Singapore (MAS), however, said it is "not popping the champagne" yet as its profits and losses are subject to wild swings. The record gains followed a net profit of 200 million Singapore dollars in the previous fiscal year
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    Categories: Business | 
    Places: United States |  Asia |  S.E. Asia |  Mainland |  Singapore | 

Pre-tax profit

  • HSBC reports 19 percent fall in profit before tax; CFO says markets should be 'encouraged'
    HSBC reports 19 percent fall in profit before tax; CFO says markets should be 'encouraged'

    , cnbc.com

    The bank beat analysts' expectations when it posted first-quarter results of $5 billion for profit before tax Thursday, ahead of the $4.31 billion predicted by compiled estimates. The bank's reported revenue came in at $13 billion in the first quarter, 13 percent lower than the same period a year ago. "This is a good set of results," CEO Stuart Gulliver said in a statement, explaining that reported profits were down due to a change in accounting treatment of the fair value of its own debt
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    Categories: Business | 
    Places: Americas |  North America |  United States | 

Profit warning

  • FTSE 100 falls as profit warning puts retailers under pressure
    FTSE 100 falls as profit warning puts retailers under pressure

    , marketwatch.com

    U.K. stocks pulled lower Tuesday, as a profit warning from a British department store Debenhams PLC dragged down shares of blue-chip retailers. The FTSE 100 fell 0.3% to 7,423.32, with only the basic materials sector printing gains. A loss Tuesday would be the London benchmark’s fifth in six sessions. In focus for investors are comments from central bankers. Bank of England Governor Mark Carney will speak after the release of the bank’s twice-yearly Financial Stability Report, while European Central Bank President Mario Draghi is appearing in Portugal at the bank’s annual forum
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    Categories: Business | 
    Places: United States | 

Handsome

  • As Alibaba’s Profit Surges, Its Shares Catch Up With U.S. Online Giants’
    As Alibaba’s Profit Surges, Its Shares Catch Up With U.S. Online Giants’

    , nytimes.com

    Photo HONG KONG — This year may finally be the year that global investors put Chinese internet companies alongside American giants like Facebook and Amazon. On Thursday, Alibaba Group, the Chinese e-commerce giant, said its profit for the three months that ended in June almost doubled, while its revenue rose more than half. But just as impressive a jump was its stock price, which has increased more than 80 percent so far this year
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    Categories: Business | 
    Tags: Corporate |  Enterprises |  Profits |  Handsome profits | 
    Places: North America |  United States |  Asia |  E. Asia |  Hong Kong |