Customers continue to flock to Blackbaud‘s (NASDAQ: BLKB) cloud-based software solutions. That drove solid revenue growth in the third quarter and will make future sales more predictable due to the subscription-based nature of these products. As a result, the company remains on track to achieve its full-year outlook as well as […]
FOX Business News
US pending home sales flat in September
WASHINGTON, Oct 26 (Reuters) – Contracts to buy previously owned homes were flat in September and activity declined on an annual basis for the fifth time in the last six months as demand for properties continued to exceed supply. Continue Reading Below The National Association of Realtors said on Thursday […]
Markets Right Now: Technology, banks lead early rebound
NEW YORK – The latest on developments in financial markets (All times local): Continue Reading Below Stocks are opening higher on Wall Street led by technology companies and banks as the market regains most of the previous day’s losses. McKesson jumped 5.2 percent after the prescription drug distributor had a […]
Deutsche Boerse CEO Kengeter to step down amid investigation
BERLIN – The chief executive of Frankfurt stock exchange operator Deutsche Boerse has decided to step down amid an investigation of suspected insider trading. Continue Reading Below Deutsche Boerse said Carsten Kengeter told its supervisory board Thursday that he wants to leave the job Dec. 31 “in order to allow […]
UPS tops Street 3Q forecasts
ATLANTA – UPS is reporting third-quarter earnings of $1.26 billion, beating Wall Street estimates. Continue Reading Below On a per-share basis, the Atlanta company had a profit of $1.45, a penny better than industry analysts had expected, according to a survey by Zacks Investment Research. The package delivery service posted […]
Applications for US jobless aid up modestly from 44-year low
WASHINGTON – More Americans applied for unemployment benefits last week. But the increase was modest and came after applications fell to the lowest level in 44 years the previous week. Continue Reading Below The Labor Department says applications for jobless aid rose 10,000 to a seasonally adjusted 233,000. Last week’s […]
Applications for US unemployment benefits rose modestly last week from 44-year low
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Southwest profit beats on higher traffic
Oct 26 (Reuters) – Southwest Airlines Co on Thursday reported a third-quarter profit that edged past estimates, benefiting from a rise in passenger traffic and revenue. Continue Reading Below The Dallas-based carrier said it expects fourth-quarter unit revenue, which compares ticket sales with flight capacity, to be in the range […]
Xerox profit, sales top estimates on cost cuts
Oct 26 (Reuters) – Printer and copier maker Xerox Corp reported higher-than-expected quarterly profit and revenue on Thursday, boosted by new product rollouts and cost cuts. Continue Reading Below The company’s shares were up 1.5 percent in light premarket trading. Xerox’s total costs declined 5.4 percent to $2.3 billion in […]
CME profit plunges 34.7% on higher expenses
Oct 26 (Reuters) – CME Group Inc, the world’s largest futures market operator, reported a 34.7 percent fall in quarterly profit, hurt by higher expenses. Continue Reading Below The Illinois-based company’s net income fell to $308.6 million, or $0.91 per share, in the third quarter ended Sept. 30, from $472.8 […]