WASHINGTON – The Latest on questions surrounding a $300 million contract for Puerto Rico’s power grid (all times local): Continue Reading Below 12:25 p.m. Congressional Democrats are asking the inspector general at the Department of Homeland Security to investigate a $300 million no-bid contract awarded to a tiny Montana company […]
FOX Business News
SVB Financial’s Third-Quarter Earnings: Rising Rates, Gains, Oh My!
SVB Financial (NASDAQ: SIVB) put up another record quarter, generating $148.6 million in net income for common shareholders, or $2.79 per diluted share, in the third quarter. The holding company for Silicon Valley Bank saw its earnings rise due to rising rates, growing loan balances, and a jump in non-interest […]
Embraer Expects Headwinds for 2018
Aircraft manufacturers have enjoyed huge demand lately, as a prosperous airline industry has been able to direct investment into improving aircraft fleets and finding more efficient ways to operate. That has been a boon for Brazilian manufacturer Embraer (NYSE: ERJ), which has positioned itself to capture business from its airline […]
Is This Why Intel Corp.’s Chip Manufacturing Tech Is Late?
It’s no secret that chip giant Intel‘s (NASDAQ: INTC) upcoming 10-nanometer chip manufacturing technology has seen significant delays. Continue Reading Below The technology, which was supposed to go into mass production by the end of 2015 to support product releases in 2016, is now set to go into production later this […]
Grains mixed, livestock lower
CHICAGO – Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Continue Reading Below Wheat for Dec. delivery was off 3.20 cents at $4.2840 a bushel; Dec corn fell .60 cent 3.4960 a bushel; December oats gained 2.40 cents at $2.65 a bushel while Nov. […]
Record Revenue, Profit Lift National Instruments
Engineers and scientists need sophisticated equipment in order to do experiments and make advances in their respective fields, and for a long time, National Instruments (NASDAQ: NATI) has provided those professionals with the hardware and software they need in order to get their jobs done. For a long time, difficult […]
Proto Labs Manufactures Another Good Quarter; Stock Pops
Proto Labs (NYSE: PRLB) released solid third-quarter 2017 earnings before the market opened on Thursday. The quick-turn, contract manufacturer of prototypes and low-volume production parts posted revenue growth of 12.7% year over year, while adjusted earnings per share rose nearly 10%. Continue Reading Below The market rallied on the results, sending Proto […]
US economy grew at 3 percent rate in July-September quarter
WASHINGTON – The U.S. economy, bolstered by business investment, grew at a solid annual rate of 3 percent in the third quarter. It marks the first time in three years that growth has hit at least 3 percent for two consecutive quarters. Continue Reading Below The Commerce Department reported Friday […]
Exxon’s 3Q profit jumps 50 percent, beating forecasts
IRVING, Texas – Buoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion. Continue Reading Below The oil giant also sharply increased spending on exploration, reversing a trend from the first half of the year. Lower capital […]
The Latest: Boris dismisses Brexit fears in Portugal
LONDON – The Latest on Britain’s exit from the European Union (all times local): Continue Reading Below 1:30 p.m. British Foreign Secretary Boris Johnson says it is “unthinkable” that European Union citizens living in the U.K might be sent away or lose their rights after Brexit. Asked by reporters in […]