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Shell reins in share buybacks after profit halves LONDON (Reuters) - Royal Dutch Shell is reining in its vast $25 billion share buyback programme after lower oil and natural gas prices halved its profit in the last three months of 2019 and sent its shares to their lowest in nearly three years. This video file ...
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Tea Giant Weighs Giving Up on Tea The world's largest tea maker is considering getting out of the tea business. Unilever PLC is exploring the sale of its tea operations after years of weak consumption, in a sign of how changing consumer tastes are roiling some of the world's oldest and ...
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'Every Day Matters': Guardian Stops Accepting Fossil Fuel Ads LONDON — The Guardian newspaper said it would stop accepting advertisements from oil and gas companies, making it the latest institution to limit financial ties to fossil fuel businesses. The announcement highlights how the risk of climate change is ...
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Roche (RHHBY) 2019 Sales Solid on Robust Show by New Drugs Swiss pharma giant Roche Holding AG RHHBY reported solid sales growth in the fourth quarter and 2019, propelled by strong performance of new drugs. The company also provided an encouraging annual guidance for 2020. Roche's stock has gained ...
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Fed Keeps Rates Steady, to Tailor Treasury Bill Purchases Later This Year WASHINGTON — The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any ...
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Facebook Stock Just Went On Sale Again The market's reaction to Facebook's fourth-quarter earnings report was a bit unusual. Facebook (NASDAQ:FB) beat revenue and earnings estimates in the quarter, yet instead of rising on the news, the tech stock plunged after hours Wednesday and remained ...
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Bank of England Keeps Main Interest Rate Unchanged at 0.75% LONDON — The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. The bank said in a statement that its Monetary Policy ...
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Eli Lilly profit tops estimates on diabetes drug strength (Reuters) - Eli Lilly and Co (LLY.N) reported a higher-than-expected quarterly profit on Thursday, helped by strong demand for its diabetes drug, Trulicity, and psoriasis treatment, Taltz. FILE PHOTO: A box of the drug trulicity, made by Eli Lilly and Company, ...
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Old Bay hot sauce with 'Chesapeake flavor' has fiery debut BALTIMORE — A new product from a famous Baltimore-based seasoning company made a sizzling debut on Wednesday when it sold out within an hour of being released. The Old Bay website temporarily crashed after eager buyers flooded the site to buy its ...
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Jaguar-Land Rover parent warns of hit to profit from China virus outbreak BENGALURU (Reuters) - The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors (TAMO.NS) said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people ...
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Verizon subscriber addition beats estimates on Disney+ boost (Reuters) - Verizon Communications Inc (VZ.N) on Thursday added more monthly mobile phone subscribers than expected as it benefited from including the Disney+ streaming service with some of its plans. FILE PHOTO: The Verizon logo is seen on the side ...
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Southwest flew 17 million passengers on planes with unconfirmed maintenance records, WSJ reports U.S. carrier Southwest Airlines flew millions of passengers over a two-year period on planes that had "unconfirmed maintenance records," according to a draft government report seen by The Wall Street Journal. The Transportation Department report added ...
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Diageo Tempers Sales Growth Expectations Amid Trade Uncertainties (Reuters) - Diageo, the world's biggest spirits company, tempered its annual sales growth expectations on Thursday, due partly to tough trading conditions for its key Scotch whisky business in Latin America and the Middle East. The maker of Johnnie Walker ...
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Former Bank of England Contender Vadera to Chair Prudential LONDON — British insurer Prudential on Thursday named Shriti Vadera, a possible former contender to replace Mark Carney as governor of the Bank of England, as an eventual successor to Chairman Paul Manduca. Vadera, currently chairwoman of ...
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Hiring a Nanny, Housekeeper or Caregiver? Financial Tips for Household Employers After years of putting it off, my husband and I finally decided to hire a nanny to take care of our children after school. We could have taken the easy way out by using an outside service, but we really wanted to establish a long-lasting relationship with a qualified ...
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Coca Cola reports fourth quarter revenue beat, targets 5% 2020 growth (Reuters) - Coca-Cola Co (KO.N) on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets. The company has been pushing to launch more coffee, teas ...
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Altria Takes a $4.1 Billion Hit on Juul Stake Altria reported a $4.1 billion write-down on its Juul Labs investment on Thursday, another sizable charge as the vaping crisis continues to roil the e-cigarette industry. The company now values its 35 percent stake in the e-cigarette company at $4.2 billion, ...
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UPS forecasts 2020 profit below expectations Jan 30 (Reuters) - United Parcel Service Inc on Thursday forecast 2020 earnings below estimates after reporting a 3.6% rise in revenue for the key holiday quarter, helped by demand from e-commerce companies. The company said it expects adjusted 2020 ...
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MTN Uganda says forcing foreign telcos to list locally may not boost Ugandan ownership KAMPALA, Jan 30 (Reuters) - A Ugandan government move to require foreign-owned telecom firms to list on the local bourse may fail to achieve its goal of boosting Ugandan ownership in the sector, MTN Uganda's chief executive told Reuters on Thursday.
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Apple, Broadcom must pay CalTech $1.1B for patent infringement Apple and component supplier Broadcom lost a patent lawsuit. Sarah Tew/CNET. A jury on Wednesday ordered Apple and component supplier Broadcom to pay the California Institute of Technology $1.1 billion for infringing the university's patents.
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Virgin Money UK CFO Ian Smith to Resign to Take Overseas Job (Reuters) - Virgin Money UK Plc said on Thursday Chief Financial Officer Ian Smith will resign, at a time when the lender is going through a rebranding exercise to take on bigger and more conventional British banks. Smith led the company through the Virgin ...
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Facebook agrees to pay $550 million to end facial recognition tech lawsuit Live. The future of Facebook Robert Scoble, chief strategy officer for Infinite Retina, sits down with Tonya Hall to talk about the different types of ads within Facebook and what the future holds. Facebook has agreed to pay $550 million to settle claims in Illinois ...
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Gen Z better off financially than millennials, here's why Gen Z is positioned better financially than millennials, according to a new study from the credit bureau TransUnion. Sixty-six percent of those born after 1995 are credit-active, meaning they have dabbled in some sort of loan product. Continue Reading Below.
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Beyond Meat loses Tim Hortons, expands KFC test LOUISVILLE, KY. — Kentucky Fried Chicken is expanding its plant-based Beyond Fried Chicken to two new markets. Select restaurants in Charlotte, N.C., and Nashville, Tenn., will offer the Beyond Meat menu item beginning Feb. 3. The tests will run until the ...
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EU Regulators Fine NBCUniversal 14.3 Million Euros for Sales Curbs BRUSSELS — EU antitrust regulators fined NBCUniversal 14.3 million euros (£12.1 million) on Thursday for illegally blocking sales of merchandise from films such as Minions in the 28-country bloc, the latest move against practices blocking cross-border ...
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Heard At Inside ETFs: Paper Checks On Tuesday at the Inside ETFs conference, ETF.com staff were tasked with selecting some of the more insightful statements and observations they heard. ETF.com Editor-In-Chief Drew Voros noted two quotes in particular: "You must still be writing paper ...
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Personal insolvencies jump to nine-year high in England and Wales The number of people ...
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Tractor Supply Guides FY20 Below Estimates - Quick Facts (RTTNews) - While reporting financial results for the fourth quarter on Thursday, Tractor Supply Co. (TSCO) initiated earnings, net sales and comparable store sales guidance for the full-year 2020. Fourth quarter comparable store sales increased 0.1 percent ...
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Market Movers: Yes Bank, TaMo, Colgate tank; Escorts soars; 163 scrips flash 'sell' signals Yes Bank shares slumped 5 per cent on Thursday after India Ratings cast doubts over the lender's capital raising plans, saying it could be challenging for the lender. Godfrey Phillips continued to fall, extending total loss to 18 per cent in three sessions.
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France's SEB issues China travel ban, says no staff sick PARIS, Jan 30 (Reuters) - France's SEB, which makes household goods and kitchen appliances, said on Thursday it had issued a travel ban on China while adding that none of its Chinese staff had reported being sick. SEB has seven factories in China, one ...
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Kotak Mahindra Bank to withdraw court case against RBI, to pare promoter stake to 26% in six months Private sector lender Kotak Mahindra Bank on Thursday said it will withdraw a case concerning dilution of promoters' shareholding in the bank which it had filed against the RBI in the Bombay High Court. Kotak Mahindra Bank said the RBI has given its ...
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The First of Long Island: 4Q Earnings Snapshot GLEN HEAD, N.Y. (AP) _ The First of Long Island Corp. (FLIC) on Thursday reported fourth-quarter earnings of $9.2 million. The bank, based in Glen Head, New York, said it had earnings of 38 cents per share. Earnings, adjusted for severance costs, were 46 ...
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"We're on a move" - CEO Bill McDermott on ServiceNow's plans for vertical markets, partnering and winning CEO love Summary: The McDermott era at ServiceNow has gotten off to a strong start with an increased focus on the CEO customer base and an eye to vertical thinking. Bill McDermott. When Bill McDermott was named as CEO at ServiceNow last year there was a ...
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Public sector organisations are looking for the perfect cloud Although the majority (87 percent) of public sector organisations would love to migrate to the cloud, they would only do so if a "perfect" solution presented itself. As it stands, the public sector is relatively reluctant, fearing security breaches and other commercial ...
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Harley-Davidson Stock Has Fallen So Far, Betting on a Continued Decline Doesn't Make Sense Anymore Harley-Davidson's worst December quarter in memory dropped its stock 3% Tuesday, to $33.79. That's 14% below the price at which KeyBanc Capital Markets analyst Brett Andress told clients to ditch the stock (ticker: HOG) in November, despite the overall ...
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Finland's UPM beats Q4 expectations but warns on H1 Finland's UPM warned of lower first-half earnings on Thursday due to weak paper prices as the pulp and paper maker reported a smaller-than expected fall in underlying operating profit for final quarter of 2019. (Adds details, shares, Stora) HELSINKI, Jan 30 ...
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How to File Your 2019 Taxes Online For Free The IRS is now accepting 2019 tax returns, which are due by April 15, 2020. As usual, most Americans are eligible to file for free through the IRS Free File Program—and, as usual, most Americans don't know this. Ad ...
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Project Community Connect Offers Help with Justice Issues The 14th annual Project Community Connect being held on Friday at the Valentine Center on Latimer Street will offer a variety of resources and help for the homeless and those facing homelessness, including help navigating through the justice system.
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WHLR Real Estate Investment Trust Further Reduces Debt VIRGINIA BEACH, Va., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. (WHLR) ("Wheeler" or the "Company"), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating ...
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SAA secures funds for 'rescue' The future of South African Airways (SAA) appears secure following an agreement between the South African government, banks and the airline's business rescue practitioners. In a statement on Tuesday, SAA confirmed: "Discussions with financial institutions ...
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KFC ramps up security measures at store following bulletproof glass in Nottingham branch KFC has decided to step up security measures in one of its restaurants to help prevent workers from being attacked - after bulletproof glass was installed at a Nottingham chain. Earlier this week, a store in Birmingham was branded as "Britain's roughest" after ...
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Irish tech firm Decawave bought by Apple supplier Qorvo Irish semi-conductor company Decawave has been bought by California-based Qorvo. While the two companies did not disclose the price of the deal, RTÉ understands it is worth about $400m. Founded in Ireland in 2007, Decawave develops integrated ...
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The 10 Best Beers to Drink Watching the Super Bowl, According to Brewers Super Bowl Sunday is a day for celebration for football fans and non-fans alike. It's a day where over 1 billion chicken wings will go missing. That's going to require some good beer to wash all those wings down. So we asked craft brewers what they'll be ...
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Church of England invests £600m in FTSE Climate index FTSE Russell has collaborated with the Church of England Pensions Board for the creation of a transitioning climate index. The FTSE TPI Climate Transition index is the first global index to incorporate transition pathway initiative (TPI) analysis to determine a ...
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Hyundai Motor India Rolls Out 3 Millionth Export Car From India Plant Hyundai rolled out its three millionth car for export markets from India. The 3 millionth car was the Hyundai Aura subcompact sedan which is heading for the Colombian market. The Aura subcompact sedan is christened Grand i10 for export markets. The three ...
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Nando's fans 'heartbroken' as restaurant ditches Mango and Lime baste Restaurant chain Nando's has announced it's ditching its famous Mango and Lime baste. The delicious marinade is a firm favourite among those who prefer their Peri-Peri a little milder. Following the news, Nando's fans have been taking to Twitter, with many ...
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MAI: Climate activism's core consists of economic radicalism The annual gathering of business leaders, heads of state and cultural elites in the Swiss Alps for the World Economic Forum (WEF) last week showcased two starkly different approaches for thinking about climate change — one defined by hysteria and ...
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