JACKSONVILLE, Fla. – CSX Corp. (CSX) on Tuesday reported third-quarter net income of $459 million. Continue Reading Below On a per-share basis, the Jacksonville, Florida-based company said it had net income of 51 cents. The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment […]
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Harley-Davidson beats profit estimates, backs full-year forecast
Oct 17 (Reuters) – U.S. motorcycle maker Harley-Davidson Inc (HOG) reported a better-than-expected quarterly profit on Tuesday and maintained its full-year shipments forecast, despite prolonged weak demand in its home market. Continue Reading Below Harley’s U.S. retail motorcycle sales, or sales by dealers to customers, fell 8.1 percent in the third […]
Johnson & Johnson tops Street 3Q forecasts, hikes forecast
NEW BRUNSWICK, N.J. – Higher spending across the board drove Johnson & Johnson’s third-quarter profit down 12 percent, despite a big jump in sales fueled by recent acquisitions, hot new cancer drugs and strong sales of other key medicines. Continue Reading Below However, the health care giant easily topped Wall […]
Israel Aerospace Industries, Hankuk Carbon, to make drones
JERUSALEM – Israel Aerospace Industries says it has formed a joint venture with Korean company Hankuk Carbon to make unmanned aircraft together. Continue Reading Below It says the new company, called Korea Aviation Technologies, will develop drones with vertical takeoff and landing capabilities. Its products will be aimed at both […]
Unwanted sexual advances not just a Hollywood story, poll finds
More than half of U.S. women have experienced unwanted and inappropriate sexual advances from men, three in 10 have put up with unwanted advances from male co-workers and a quarter have endured them from men who had influence over their work situation. Those results in a new ABC News-Washington Post […]
Uber loses another senior figure as European policy chief quits: FT
FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph in central London, Britain September 22, 2017. REUTERS/Toby Melville/File Photo October 17, 2017 LONDON (Reuters) – Uber’s European policy chief Christopher Burghardt has quit to join the electric […]
China’s Xi set to codify legal clout, anti-graft campaign at congress
October 17, 2017 By Christian Shepherd BEIJING (Reuters) – China’s Communist Party once shunned the rule of law, preferring to rely on what Chairman Mao Zedong called “rule of man” – essentially using the authority of party leaders to govern. In recent years, though, as China’s economy modernizes, the party has […]
U.N. urges Bangladesh to move Rohingya refugees stranded at border
Rohingya refugees who crossed the border from Myanmar a day before, wash themselves in a rice field as they wait to receive permission from the Bangladeshi army to continue their way to the refugee camps, in Palang Khali, Bangladesh October 17, 2017. REUTERS/Jorge Silva October 17, 2017 By Stephanie Nebehay […]
Bad news for the bulls: There are now more bulls
The Investors Intelligence Bull/Bear ratio has climbed back above 4 for the first time since April 2015 — which ironically may serve as a bad sign for the market. “It does make me nervous, because we’re getting very, very frothy on these social indicators,” trader and strategist Boris Schlossberg of […]
J&J reports 11.9 pct fall in quarterly profit
Oct 17 (Reuters) – Johnson & Johnson, which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose. Continue Reading Below The company’s net earnings fell to $3.76 billion, or $1.37 per share, in the third quarter from […]