Wall St. Is Higher, Though Health Care Companies Are Sliding
United States markets were higher in early trading on Friday, despite steep drops in the shares of several health care companies.KEEPING SCORE The Dow Jones industrial average rose 0.3 percent and the Standard & Poor’s 500-stock index was up 0.13 percent. The Nasdaq composite index gained 0.09 percent.EARLY MOVERS Shares of the prescription drug distributor McKesson plunged 26.2 percent after the company’s revenue fell far short of analysts’ forecasts. The company also cut its profit outlook. S..>> view originalAutoNation to sell its own parts, add used car centers
FILE - This Tuesday, July 17, 2012, file photo shows a Land Rover dealership in Pompano Beach, Fla. AutoNation Inc. said Thursday, July 19, 2012, that its second-quarter net income rose 9.3 percent as the nation's largest dealership chain sold more new ...>> view originalExxon Warns on Reserves as it Posts Lower Profit
Exxon Mobil Corp., under investigation for how it values its oil and gas wells, on Friday said it may be forced to recognize that nearly one fifth of its reserves are no longer profitable to produce, a sign of the toll that low prices are taking on the giants of the energy industry. The disclosure came as the as the largest publicly traded oil producer reported a 38% decline in quarterly profit, the company’s eighth straight...>> view originalGE, Baker Hughes Partnership Would Be 'Very Disappointing:' More Squawk From Jim Cramer
NEW YORK (TheStreet) -- Digital industrial company General Electric (GE) has confirmed that it is in discussions with oilfield services provider Baker Hughes (BHI) about potential partnerships but not an "outright purchase" of the company. GE should ...>> view originalOil prices slip, OPEC doubts weigh ahead of US rig count data
NEW YORK Oil prices edged lower on Friday, on track for their biggest weekly loss in six weeks, on doubts about OPEC's planned output cut and ahead of U.S. rig count data that has steadily increased in the last few months.Organization of the Petroleum Exporting Countries experts and counterparts from non-member producers such as Russia started two-day negotiations on Friday on limiting output to curb a global glut that has weighed on markets for two years.However, disagreements remain over whi..>> view originalUber loses employment tribunal in the UK
Uber drivers are workers rather than self-employed contractors, according to a ruling by an employment tribunal in the UK. It’s a landmark win for workers’ rights in the so-called gig economy where platform giants have sought to minimize costs by classifying the large numbers of people needed to operate their services as self-employed. The tribunal’s ruling means Uber drivers in the UK will be entitled to holiday pay, paid rest breaks and the National Minimum Wage. Although Uber has said it wi..>> view originalSpending vs. profits: Amazon and investors at odds again
Amazon Inc may be a "buy" for the vast majority of analysts, but it was a "sell" for a lot of investors on Friday.Few of those investors would have been disappointed, though. While Amazon's stock was down 4.4 percent at $782 in early trading, it had risen 36 percent in the past six months alone.The trigger for the selling was the company's statement on Thursday that its operating income for the holiday shopping quarter would range from nothing to $1.25 billion, due to heavy investment across..>> view originalGE, Alphabet lead stocks higher after strong economic report
In this Tuesday, Oct. 25, 2016, photo, a miniature reproduction of Arturo Di Modica's "Charging Bull" sculpture sits on display at a street vendor's table outside the New York Stock Exchange, in lower Manhattan. U.S. stocks are moving up early Friday ...>> view originalHere are dozen key products Amazon talked about on its earnings call
1) Retail — This is core Amazon, the products the company buys wholesale and delivers to you, the consumer, seven days a week in those ubiquitous cardboard boxes. 2) FBA — It stands for Fulfillment by Amazon. An increasing number of third-party sellers on Amazon's marketplace choose this option, which entails sending their products to Amazon's fulfillment centers across the globe. When the product gets ordered, it ships as quickly and efficiently as if Amazon were the merchant. Amazon i..>> view originalUS Economy Roars Back, Grew 2.9% in Third Quarter
WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion. Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s...>> view original
Friday, November 25, 2016
Wall St. Is Higher, Though Health Care Companies Are Sliding and other top stories.
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