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Microsoft stock spikes after earnings forecast beats expectations
19-07-2018
Microsoft Corp. shares jumped to a 4% gain in after-hours trading Thursday after the tech giant supplied its forecast for the first quarter of the 2019 fiscal year. Shares had been up 1% after the company's fiscal fourth-quarter earnings report showed stronger-than-expected profit and...
Read moreFTD top execs leave amid restructuring; board pondering sale
19-07-2018
FTD Cos. Inc. announced the departure of its chief executive, chief operating officer and chief marketing officer Thursday afternoon, and said the board was reviewing strategic alternatives while immediately restructuring the company. The beleaguered floral company said John Walden had stepped down as president...
Read moreSkyworks Solutions shares gain 4% on earnings, dividend increase
19-07-2018
Shares of Skyworks Solutions Inc. rose nearly 4% late Thursday after the semiconductor company reported fiscal third-quarter earnings above Wall Street expectations and said its board approved a dividend increase. Skyworks said it earned $286.5 million, or $1.57 a share, in the quarter, compared...
Read morePTC Therapeutics stock spikes on $200 million acquisition of Agilis…
19-07-2018
PTC Therapeutics said Thursday afternoon that it plans to acquire gene-therapy startup Agilis Biotherapeutics for $200 million plus incentives, and shares spiked higher. PTC said the five-year-old company has a promising biologics candidate that seeks to treat Aromatic L-Amino Acid Decarboxylase, or AADC, deficiency...
Read moreCapital One shares on the rise after earnings beat
19-07-2018
Shares of Capital One Financial Corp. rose 1% late Thursday after the bank holding company reported second-quarter earnings above Wall Street forecasts. Capital One said it earned $1.9 billion, or $3.71 a share, in the quarter, compared with $1 billion, or $1.94 a share...
Read moreMario Draghi’s replacement is already being discussed
19-07-2018
A LOT rests on the shoulders of the euro zone’s top central banker. The president of the European Central Bank (ECB) is not just in charge of ensuring monetary and financial stability in one of the world’s largest economies. In the absence of a single...
Read moreAs inequality grows, so does the political influence of the…
19-07-2018
SQUEEZING the top 1% ought to be the most natural thing in the world for politicians seeking to please the masses. Yet, with few exceptions, today’s populist insurgents are more concerned with immigration and sovereignty than with the top rate of income tax. This disconnect...
Read moreThe stress that kills American workers
19-07-2018
WORK can make you sick and shorten your life. That is the argument of a hard-hitting book* by Jeffrey Pfeffer, a professor at the Stanford Graduate School of Business. In an obvious way, that claim is outdated. Health-and-safety rules help explain why deaths from accidents...
Read moreUniversities withstood MOOCs but risk being outwitted by OPMs
19-07-2018
“THERE’S only two things you do in the navy,” says Vice-Admiral Al Harms, former commander of the USS Nimitz, a nuclear-powered aircraft carrier that is one of the world’s biggest ships. “You fight, and you train to fight. Hopefully, most of the time you’re training.”...
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