Under Armour earnings: Is an oversupply of merchandise hurting the brand?

Under Armour Inc. is scheduled to report second-quarter earnings on Wednesday before the opening bell, and analysts will be looking for signs that the athletic company’s oversupply of merchandise isn’t hurting the brand. “Excess carry-over inventory, fallout from poor product distribution decisions, and developing brand image degradation all point to trouble ahead,” said Susquehanna Financial Group analysts led by Sam […]

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Scott Pruitt’s staff at EPA worried about exposure to formaldehyde — but only for their boss

Employees at the Environmental Protection Agency were so worried that a fancy desk that their former boss Scott Pruitt had ordered for his office might contain high levels of a known carcinogen that they arranged to set it up in a warehouse and let it air out for a week. The problem is that the same officials later blocked the […]

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Chipotle preview: Pickup shelves and catering expected to drive sales

Chipotle Mexican Grill Inc. is scheduled to announce second-quarter earnings on Wednesday after the closing bell, and while analysts want details about the company’s turnaround, they’re already bullish about some of what they’ve heard. “In our opinion, several of Chipotle’s same-restaurant sales initiatives hold promise – two of our favorites are expanded catering options and rapid pick-up for digital orders,” […]

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Catastrophe losses hammer Traveler’s bottom line

Travelers Cos. reported record net written premiums in its second quarter but its earnings fell as several weather-related catastrophes and fires at commercial properties dented its bottom line. The insurance company reported Thursday core income of $494 million, or $1.81 a share, missing the $2.42 a share analysts polled by Thomson Reuters were looking for. In the year-earlier period, core […]

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Trade tariffs mean companies will spend less on growing their business in 2019, says Fitch

The tit-for-tat trade tariffs being imposed by the U.S. and China governments and European Union are likely to dampen capital spending by U.S. companies in 2018 and lead to a decline in spending in 2019 that may mark an inflection point in the late-stage business cycle. That’s the view of Fitch Ratings in a report published Thursday, that warns that […]

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Mahindra plans to unveil electric autorickshaw in Q4

The automaker also aims to introduce a driverless tractor Mahindra and Mahindra (M&M) plans to unveil its e-autorickshaw by the fourth quarter of this financial year, said Sirish Batchu, head of advanced technology. “Electric technology should be simplified,” Mr. Batchu said at a conference on mobility in the city on Thursday. “It is much more efficient and its green footprint […]

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Sinclair Broadcast Amends Divestitures To Address FCC Concerns – Quick Facts

Sinclair Broadcast Group, Inc. (SBGI) said it is amending certain previously announced divestitures pursuant to the Tribune Media Co. plan of merger. According to Sinclair, the changes are in response to statements made on Monday, July 16, 2018 by Chairman Ajit Pai of the Federal Communications Commission or FCC, in which he announced circulation of a draft hearing designation order […]

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What will chip makers say about the trade war?

Chip-company executives will to have to address an elephant in the room on conference calls this earnings season as the industry grapples with growing trade tensions with one of its largest customers, China. Last week, the White House threatened to slap tariffs on another $200 billion in goods imported from China if the country retaliated for U.S. tariffs already levied. […]

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