Wednesday , 25 April 2018

Business News

Strong travel demand lifts Boeing in first quarter

Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter. The aircraft maker also boosted its 2018 profit outlook and cited a strong backlog on orders. It expects to increase production of its 767’s over the next within the next two years. “Our team’s strong first-quarter …

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Insurer Anthem's earnings jump 30 pct as medical costs fall

Anthem’s first-quarter earnings shot up 30 percent, and the Blue Cross-Blue Shield insurer hiked its 2018 forecast, as a drop in medical expenses bolstered its performance. The nation’s second-largest health insurer joined rival UnitedHealth Group Inc. in topping analyst expectations for the quarter and hiking its 2018 forecast. Anthem said Wednesday that it now expects 2018 adjusted earnings to be …

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Global stocks slide, futures point to weak Wall Street open

Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the cost of borrowing and companies’ raw materials. KEEPING SCORE: France’s CAC 40 was down 0.8 percent to 5,399, while Germany’s DAX fell 1.7 percent to 12,343. Britain’s FTSE 100 lost 0.8 percent to 7,368. U.S. shares were …

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Strong 1st quarter from Comcast, and a $30B bid for Sky

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for Britain’s Sky satellite with a $30 billion offer. The bid Tuesday puts the Philadelphia cable company in direct conflict with Rupert Murdoch‘ 21st Century Fox, which wants Sky for itself. Comcast Corp. posted earnings of $3.12 billion. Per-share earnings were 66 …

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Wynn Resorts posts 1Q loss on legal settlement charge

Wynn Resorts reported a first-quarter loss on Tuesday, its bottom line weighed by a nearly $465 million charge link to a legal settlement. But after stripping away that one-time expense, it comfortably beat Wall Street’s profit expectations, boosted by its gambling business in Macau even as the company grappled with sexual misconduct allegation forced the ouster of CEO Steve Wynn. …

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Business Highlights

___ Sell-off in industrial, tech stocks sends Dow down 400 NEW YORK (AP) — After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn’t expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil …

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Shire, Whirlpool rise while Caterpillar, 3M slide

Stocks that moved substantially or traded heavily Tuesday: Caterpillar Inc., down $9.55 to $144.44 The company said it doesn’t expect to top its first-quarter profit for the rest of the year. Alphabet Inc., down $51.17 to $1,022.64 Google’s parent company reported greater ad sales but also said costs climbed. Waters Corp., down $16.42 to $193.18 The maker of products used …

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How major US stock indexes fared Tuesday

After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn’t expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits. On Tuesday: The …

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Sell-off in industrial, tech stocks sends Dow down 400

After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn’t expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits. Stocks climbed in …

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