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'Mission Impossible' powers Viacom profit and revenue beat

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(Reuters) – Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of “Mission: Impossible – Fallout.” The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson The upbeat results boosted the company’s shares Read More

'Mission Impossible' powers Viacom results beat

5 hours ago DieselGasoil Comments Off on 'Mission Impossible' powers Viacom results beat
The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson (Reuters) – Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, as its Paramount Pictures division gained from the success of “Mission: Impossible – Fallout”. The upbeat results Read More

Tesla slashes prices on home solar systems to spur sales

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(Reuters) – Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters on Thursday. FILE PHOTO: Flags fly over the Tesla Inc. Gigafactory 2, which is also known Read More

U.S. big investors' best investment ideas for 2019

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NEW YORK (Reuters) – The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this week at the Reuters Global Investment 2019 Outlook Summit in New York. Penny Foley, Portfolio Manager for the TCW Read More

Amazon to get billions in breaks for HQ2 development

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(Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. FILE PHOTO: The logo of the web service Amazon is pictured in Read More

Wall Street under pressure from weak earnings, Brexit concerns

1 day ago DieselGasoil Comments Off on Wall Street under pressure from weak earnings, Brexit concerns
(Reuters) – U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid Department store Read More

Wall Street hit by weak earnings, Brexit concerns

1 day ago DieselGasoil Comments Off on Wall Street hit by weak earnings, Brexit concerns
(Reuters) – U.S. stocks fell on Thursday as a batch of weak earnings and Brexit-related concerns sparked a sixth day of selling, with high-growth stocks such as Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O) taking a hit. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November Read More

Strong U.S. economy boosts Walmart's third-quarter sales

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NEW YORK (Reuters) – Walmart Inc (WMT.N) reported higher-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online. FILE PHOTO: A shopper is seen in the aisle of a Walmart store in Woodstock, Georgia, Read More

Wall Street opens lower as mixed retail results, growth stocks weigh

1 day ago DieselGasoil Comments Off on Wall Street opens lower as mixed retail results, growth stocks weigh
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks Read More

CEO of Walmart's India venture resigns after sexual assault accusation: source

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(Reuters) – The chief executive of Flipkart Group, Walmart Inc’s (WMT.N) Indian e-commerce business, resigned following an internal probe into accusations of “serious personal misconduct,” Walmart said Tuesday. FILE PHOTO – Binny Bansal, Group Chief Executive Officer of India’s largest e-commerce firm Flipkart, poses at the company’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek Read More