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10 Thursday Reads

My morning train reads: • Hedge Funds’ Best Ideas? Those Are Just Stocks They’re Dumping (Bloomberg) • How Netflix sent the biggest media companies into a frenzy, and why Netflix thinks some are getting it wro.....»»

Category: blogSource: TheBigPictureJun 14th, 2018

10 Thursday Reads

My morning train reads: • Hedge Funds’ Best Ideas? Those Are Just Stocks They’re Dumping (Bloomberg) • How Netflix sent the biggest media companies into a frenzy, and why Netflix thinks some are getting it wro.....»»

Category: blogSource: TheBigPictureJun 14th, 2018

10 Thursday AM Reads

My morning train reads: • A Look at WeWork’s Books: Revenue Is Doubling but Losses Are Mounting (Wall Street Journal) • The Restaurant Industry Ran a Private Poll on the Minimum Wage. It Did Not Go Well .....»»

Category: blogSource: TheBigPictureApr 27th, 2018

Former Vice President Joe Biden, as expected, launches 2020 Democratic presidential campaign

Former Vice President Joe Biden will join a crowded 2020 Democratic presidential race, he confirmed, as expected, with an early Thursday morning video ann.....»»

Category: topSource: marketwatch13 min. ago

3M"s stock tumbles after earnings miss and slashed outlook; to cut 2,000 jobs

Shares of 3M Co. tumbled 7.6% in premarket trade Thursday, after the diversified industrial, health and consumer products company reported first-quarter profit and sales that missed ex.....»»

Category: topSource: marketwatch13 min. ago

Dow futures losses deepen after 3M Co. says it will cut 2,000 jobs

Losses for Dow Jones Industrial Average futures sharpened Thursday morning after indus.....»»

Category: topSource: marketwatch13 min. ago

Xerox tops earnings expectations but misses on revenue

Xerox Corp. shares were inactive in premarket trading Thursday after the company topped earnings estimates and raised its full-year profit forecast but came in a bit shy on first-quarter revenue. The com.....»»

Category: topSource: marketwatch13 min. ago

Hershey stock soars after earnings blow past estimates

Hershey Co. stock soared 10.2% in Thursday premarket tra.....»»

Category: topSource: marketwatch13 min. ago

Uber back on the road in Slovakia after court ban

Uber resumed operations in Slovakia's capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said......»»

Category: topSource: reuters13 min. ago

Southwest Airlines first-quarter profit hit by 737 MAX grounding

Southwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday, saying a U.S. government shutdown, maintenance disruptions and the grounding of its Boeing 737 MAX jets knocked $150 million off its bottom line......»»

Category: topSource: reuters13 min. ago

Canada"s Bombardier cuts full-year profit, revenue forecast

Canada's Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars......»»

Category: topSource: reuters13 min. ago

German bank body: Deutsche Bank/Commerzbank merger wouldn"t make commercial sense

The head of Germany's BdB banking association said on Thursday that a merger of Deutsche Bank and Commerzbank did not make sense and added that the German economy was big enough to accommodate several big banks......»»

Category: topSource: reuters13 min. ago

D.R. Horton beats expectations for quarter, gives soft 2019 forecast

D.R. Horton Inc, the biggest U.S. homebuilder, on Thursday was the latest to show strong quarterly results from the lowering of U.S. mortgage interest rates, while giving a forecast for 2019 revenue that fell short of analysts' expectations......»»

Category: topSource: reuters13 min. ago

China"s top feed producer New Hope builds three pig farms in Vietnam

China's top feed producer, New Hope Group, said on Thursday it is building three pig farms in neighboring Vietnam, even as an incurable pig disease spreads through the Southeast Asian country......»»

Category: topSource: reuters13 min. ago

Saudi Arabia says China has not yet asked for more oil amid tighter Iran sanctions

Saudi Arabia's energy minister Khalid al-Falih told Reuters on Thursday that China has "not yet" asked for more crude oil after the United States decided to end sanction waivers on Iranian oil imports that had permitted Beijing to keep buying from Tehran......»»

Category: topSource: reuters13 min. ago

China seeks to allay fears over Belt and Road debt risks

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations......»»

Category: topSource: reuters13 min. ago

German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank......»»

Category: topSource: reuters13 min. ago

Futures Movers: Oil futures resume climb, flirting with fresh multimonth highs

Oil futures gain Thursday, mounting a charge toward fresh multimonth highs, as energy-market participants consider the likelihood that major producers will answer with increased supply in response to tougher U.S. action against Iran’s oil market......»»

Category: topSource: marketwatch28 min. ago

Collapsed mergers drag down Europe markets

The Sainsbury’s-Asda supermarket tie-up and Deutsche Bank-Commerzbank both bit the dust Thursday.....»»

Category: topSource: marketwatch43 min. ago

Swedbank admits money laundering flaws, cooperating with U.S. authorities

Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business......»»

Category: topSource: reuters1 hr. 28 min. ago

World stocks slip, euro suffers, growth fears linger

World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data......»»

Category: topSource: reuters1 hr. 43 min. ago