Norfolk Southern 2Q profit up 43 percent as volume increases

Norfolk Southern's second-quarter profit raced ahead 43 percent as the railroad handled 6 percent more freight. The company said Wednesday that it earned $710 million, or $2.50 per share, in the quarter. That's up from $497 million net income, or $1.71 per share a year ago. Continue Reading Below The results surpassed the $2.31 per share that Wall Street analysts […]

Read more

Macquarie's Nicholas Moore to retire as MD & CEO

Macquarie Group's Nicholas Moore will retire as managing director and chief executive after a decade at the helm of the group, and be replaced by Shemara Wikramanayake, the current group head of Macquarie Asset Management. Mr Moore will step down from the boards of Macquarie Group and Macquarie Bank effective November 30 after delivering the group’s first-half results. Nicholas Moore is stepping […]

Read more

Visa 3Q profit jumps, as more is spent on its network

Payment processing giant Visa said Wednesday that its fiscal third-quarter profits rose an adjusted 36 percent from a year ago, helped by an 11 percent increase in the amount people spent on its namesake network worldwide. Visa reported a profit of $2.33 billion, up from $2.06 billion in the same period a year earlier. Excluding a $600 million one-time charge […]

Read more

As Greek wildfires rage, residents blame rising death toll on authorities' lack of a disaster plan

The death toll from the Greek wildfires now stands at 81, with 186 people seriously injured and about 100 people missing. Greek residents are angry that the country does not have an effective plan in place to deal with extreme natural disasters. In 2016 the IMF warned Greek authorities that any further reduction in government operating costs would be damaging […]

Read more

Markets Undeterred as Trump and Iran Exchange Threats

This article was originally published on ETFTrends.com. It’s been well-documented, particularly with regard to trade, that when U.S. President Donald Trump speaks, the markets can move, but that wasn’t the case today as the markets moved on undeterred despite all the major indices beginning in the red. On Sunday night, President Trump posted a tweet in response to Iranian President […]

Read more

World stocks mixed as G-20 puts trade tensions in focus

World markets were mixed on Monday as trade tensions hogged the headlines following a weekend meeting of financial leaders of the Group of 20 industrial nations. Continue Reading Below KEEPING SCORE: Germany's DAX fell 0.1 percent to 12,545.73 and France's CAC 40 was down 0.3 percent at 5,381.18 on Monday. Britain's FTSE 100 dropped 0.4 percent to 7,649.10, after Brexit […]

Read more

Stocks waver, dollar slips as traders shrug off trade talk

U.S. stocks are little changed Friday as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Banks are rising along with interest rates and high-dividend companies are slipping. Continue Reading Below KEEPING SCORE: The S&P 500 index remained at 2,804 as of […]

Read more

Stocks wobble, dollar slips as traders shrug off trade talk

Major U.S. stock indexes are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Industrial conglomerate Honeywell is also higher. General Electric fell after saying its power business is still struggling. The dollar fell and […]

Read more

Microsoft Beats Expectations as Cloud Services Surge

This article was originally published on ETFTrends.com. Microsoft (MSFT) released its FY18 Q4 report on Thursday, boasting results that beat analysts’ projections on earnings and revenue as all major business segments saw growth since last year. The tech conglomerate posted earnings of $1.13 per share, compared to the 1.08 cents per share that analysts expected, according to Thomson Reuters. Revenue […]

Read more
1 23 24 25 26