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Virus fears wipe $393 billion off China"s stock market despite government support moves

Investors erased $393 billion from China's benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year......»»

Category: topSource: reutersFeb 3rd, 2020

Virus worries wipe $420 billion off China"s stock market

Investors erased $420 billion from China's benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year......»»

Category: topSource: reutersFeb 3rd, 2020

Amazon Blows Away Fourth-Quarter Earnings Estimates; Stock Soars After Hours

Amazon.com, Inc. (NASDAQ: AMZN) late Thursday posted a 21% year-over-year increase in fourth-quarter 2019 revenue to $87.4 billion, and rang up a $12.9 billion shipping tab for the quarter, 43% higher than in the year-earlier quarter. But the bi.....»»

Category: earningsSource: benzingaJan 31st, 2020

Lockheed posts stronger-than-expected earnings, closes year with $59.8B in sales

Lockheed Martin Corp. (NYSE: LMT) closed out its fiscal 2019 by beating earnings estimates, leading executives to raise their outlook for the new year. The Bethesda defense giant logged $15.88 billion in revenue for the quarter, dwarfing average .....»»

Category: topSource: bizjournalsJan 28th, 2020

United Tech tops profit and sales estimates for latest quarter

United Technologies Corp. said Tuesday it had net income of $1.143 billion, or $1.32 a share, in the fourth quarter, up from $686 millin, or 83 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.94, ahe.....»»

Category: topSource: marketwatchJan 28th, 2020

Why $2 Billion Impairment Charge Isn’t Hurting Halliburton Stock

Oilfield services firm Halliburton reported fourth-quarter and full-year 2019 results Tuesday morning. The company took an impairment charge but managed to beat lowered earnings and revenue estimates......»»

Category: blogSource: 247wallstJan 21st, 2020

America’s Best-Selling Premium Wines

Americans drank $68.1 billion worth of wine last year, including red, white, and rosé; dessert wine; and Champagne/sparkling wine. Some of the bottles opened, presumably mostly by that fabled 1%,........»»

Category: blogSource: 247wallstJan 18th, 2020

JPMorgan Chase reports record $36.4B profit for 2019

The bank earned $2.57 a share in the fourth quarter as revenue rose 8.4 percent year-over-year to $28.3 billion......»»

Category: topSource: foxnewsJan 14th, 2020

Shell writes down up to $2.3 bln on weaker economic outlook

Royal Dutch Shell said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook. Ciara Lee reports.....»»

Category: videoSource: reutersDec 20th, 2019

Shell writes down up to $2.3 billion on weaker economic outlook

Royal Dutch Shell said on Friday it expects to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook......»»

Category: topSource: reutersDec 20th, 2019

Meet the billionaire couple behind Panda Express, who built a $3 billion fortune selling 90 million pounds of orange chicken each year and run 2,000 restaurants across the globe

Panda Restaurant Group Husband .....»»

Category: topSource: businessinsiderDec 12th, 2019

PG&E takes $2.5B hit from California wildfires

The San Francisco-based utility estimates $6.2 billion to $6.3 billion of costs this year related to wildfires......»»

Category: topSource: foxnewsNov 7th, 2019

JPMorgan creates unit backing quest for the next Airbnb

Venture capital firms have invested $82.6 billion in startups so far this year.....»»

Category: topSource: foxnewsNov 5th, 2019

Bristol-Myers tops earnings estimates but lowers guidance

Bristol-Myers Squibb Co. shares rose 0.9% after the company beat earnings estimates but lowered its full-year per-share earnings guidance. The New York-based drug company said it had net income of $1.353 billion,.....»»

Category: topSource: marketwatchOct 31st, 2019

GM Beats Wall Street Estimates Despite Strike Hit

The 40-day UAW strike that ended on Friday almost wiped out the General Motors Company (NYSE: GM) free cash flow for the year and will end up costing the company $3.8 billion in full year earning.....»»

Category: earningsSource: benzingaOct 29th, 2019

GM Beats Wall Street Estimates Despite Strike Hit

The 40-day UAW strike that ended on Friday almost wiped out the General Motors Company (NYSE: GM) free cash flow for the year and will end up costing the company $3.8 billion in full year earnings. read more.....»»

Category: blogSource: benzingaOct 29th, 2019

UPDATE: ConocoPhillips profit tops estimates, to offer 10-year capital plan at Nov. analyst day

ConocoPhillips said Tuesday it had net income of $3.1 billion, or $2.74 a share, in the third quarter,.....»»

Category: topSource: marketwatchOct 29th, 2019

ConocoPhillips profit tops estimates, to offer 10-year capital plan at Nov. analyst day

ConocoPhillips said Tuesday it had net income of $3.1 billion, or $2.74 a share, in the third quarter, up from $1.9 billion, or $1.59 per share, in the year-earlier period. Excluding special item.....»»

Category: topSource: marketwatchOct 29th, 2019

AT&T to add new directors, sell up to $10 billion in assets next year

AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management......»»

Category: topSource: reutersOct 28th, 2019

Northrop Grumman blows past profit estimates for Q3 as sales fall short

Aerospace and defense company Northrop Grumman Corp. said Thursday it had net income of $933 million, or $5.49 a share, in the third quarter, down from $1.2 billion, or $7.11 a share, in the year-earlier period. The year-earlier number included a $1.01.....»»

Category: topSource: marketwatchOct 24th, 2019