Category: World

Ford reports profit growth of 12% due to good sales of SUVs
26. 4. 2019 No Responses

Ford reports profit growth of 12% due to good sales of SUVs

Operating profit of Ford Motor Co. in the first quarter it grew by 12%, with overseas overseas losses and strong profits thanks to very good domestic sales of trucks and SUVs. A year ago, Ford shocked motorists, investors, and dealers...
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Harley-Davidson downgraded to sell from neutral at Goldman Sachs
25. 4. 2019 No Responses

Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson, a well-known manufacturer of extremely heavy motorcycles, announced that declining demand, higher US tariffs for raw materials and European motorcycle taxes have hit his revenue. How did Harley-Davidson compare to what Wall Street expected: Ad...
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Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks
24. 4. 2019 No Responses

Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks

Investors were expecting a disastrous quarter from Boeing and they were not disappointed. Boeing, the world’s largest aircraft manufacturer, net profit fell 21% in the first quarter. The worsening of economic results is largely due to the crisis around t...
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Lockheed Martin, United Technologies Beat Analysts’ Expectations
23. 4. 2019 No Responses

Lockheed Martin, United Technologies Beat Analysts’ Expectations

The aerospace giant Lockheed Martin shares have improved by 6% after quarterly results have been released, surpassing analysts’ expectations. Lockheed Martin posted first quarter earnings of $5.99 per share, up 49% y/y. Lockheed Martin also updates the 2...
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Halliburton Beat Analysts’ Expectations, Future Doomed Because New Tech
23. 4. 2019 No Responses

Halliburton Beat Analysts’ Expectations, Future Doomed Because New Tech

Halliburton Co. (ticker:  HAL) showed a year-on-year increase in net profit for the first quarter, but adjusted earnings fell as expected. Net income rose to $152 million, or 17 cents a share, from $46 million, or 5 cents a share,...
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IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets
19. 4. 2019 No Responses

IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and...
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The National Enquirer sold for $100 million to James Cohen
18. 4. 2019 No Responses

The National Enquirer sold for $100 million to James Cohen

American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands....
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Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%
16. 4. 2019 No Responses

Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competito...
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EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela
15. 4. 2019 No Responses

EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

European refiners switched to expensive Russian sour Urals crude after US sanctions hit Venezuela’s similar-grade exports. Experts said that even though US crude output is increasing and exports are due to soar later this year, it is not an alternative bec...
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Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant
13. 4. 2019 No Responses

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...
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Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares
12. 4. 2019 No Responses

Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Oil giant Chevron buys a major company in the oil and gas exploration and drilling sector Anadarko Petroleum for $33 billion. Chevron pays a combination of cash and shares. The acquisition valued Anadarko Petroleum at $65 for one share. Chevron’s...
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Rumor: Facebook Is Looking for VC to Launch Its Own Stablecoin
9. 4. 2019 No Responses

Rumor: Facebook Is Looking for VC to Launch Its Own Stablecoin

According to Nathaniel Popper, editor of the New York Times, Facebook addresses VC (venture capital) investors as it seeks $1 billion as underlying collateral for its own stablecoin. Popper has posted this rumor on his Twitter account yesterday. News on...
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The Brazilian oil company Petrobras sold assets worth $8.6 billion
8. 4. 2019 No Responses

The Brazilian oil company Petrobras sold assets worth $8.6 billion

The Brazilian oil company Petróleo Brasileiro, better known as Petrobras, has made a fantastic move. Just before the whole world learns that about 85% of natural gas production will no longer be necessary or economical to burn in boilers, Petrobras...
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The BIS Tests the Ground for Gradual Abolition of Cash
6. 4. 2019 No Responses

The BIS Tests the Ground for Gradual Abolition of Cash

BIS – Bank for International Settlements, also known as Central Bank Central Bank, General Manager Agustín Carstens spoke at the Central Bank of Ireland 2019 Whitaker Lecture. Under the title “The Future of Money and Payments”, Carstens mapp...
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Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut
4. 4. 2019 No Responses

Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling was priced at $3.6 billion in the Copenhagen Exchange stock debut. An hour after the opening of the Copenhagen Stock Exchange, the shares were traded at about DKK 570, i.e. company’s market capitalization is now DKK 23.7 billion. Managem...
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