General Electric Co (GE) is exploring divesting its transportation and health care information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said. Continue Reading Below Such a move would help GE to meet more than half of its […]
FOX News
Old Dominion Freight Line Serves Up Another Quarter of Strong Earnings Growth
Old Dominion Freight Line‘s (NASDAQ: ODFL) quarterly earnings seem to keep trucking along at a great pace. The company posted another quarter of better-than-expected earnings results thanks to double-digit revenue growth and an eye on cost control. Here’s a rundown of the company’s earnings and why management thinks the best is […]
Rapidly Growing Subscriptions Drove Blackbaud, Inc.’s Third-Quarter Results
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 […]
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 […]