6 Most Important Things in Business Today: OPEC Breakup?

The U.K. economy did well in the third quarter. According to Reuters: Britain’s economy kept up healthy momentum during the third quarter, but this may prove a high watermark ahead of Brexit, official figures showed on Friday. Gross domestic product in the three months to September was 0.6 percent higher than in the previous quarter, matching the consensus forecast in […]

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Disney, Pfizer Keep the Dow Flat Wednesday

August 8, 2018: Markets opened narrowly mixed Wednesday and looks set to end the regular trading session the same way. The blue-chip Dow index traded lower all day while the S&P 500 and the Nasdaq Composite are holding onto slim gains. The Trump trade war with China experienced another skirmish yesterday, but corporate earnings reports continue to offset investors’ fears. […]

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Disney Earnings Shaved by Rising Costs

The Walt Disney Co. (NYSE: DIS) reported fiscal third-quarter 2018 results after markets closed Tuesday afternoon. The entertainment giant posted quarterly adjusted EPS of $1.87 and $15.23 billion in revenues. In the same period a year ago, the company reported EPS of $1.58 on revenues of $14.24 billion. First-quarter results compare to consensus estimates for EPS of $1.95 and $15.34 […]

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Disney, DowDuPont Set Pace for the Dow Monday

August 6, 2018: Markets opened slightly lower Monday and all three major indexes are on track to close in the green, although narrowly in the case of the Dow. Corporate earnings remain strong (those tax cuts are doing their intended job) but the continuing tariff battles are taking a toll on investor optimism. The telecom sector is posting Monday’s biggest […]

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With CBS CEO Moonves on the Ropes, Viacom Merger More Likely

Widely admired CBS Corp. (NYSE: CBS) CEO Les Moonves has a big problem. The New Yorker ran an article that charged that he sexually harassed six women. The typical pattern for charges like this is that the company board hires outside counsel and the results are announced to the public once the process is complete. Moonves is not only the […]

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Disney, Travelers Send the Dow Higher Thursday

July 26, 2018: Markets opened mixed again Thursday as only the Dow blue chips could withstand the pounding suffered by Facebook after the social media giant reported quarterly results after the bell Wednesday. Now the question is how long until the stock recovers. The tech sector drooped the most, followed by consumer discretionary stocks. Telecom and utilities were the leading […]

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6 Most Important Things In Business Today

Microsoft Corp (NASDAQ: MSFT) will lower prices on a PC to compete with one of Apple Inc.’s (NASDAQ: AAPL) According to MarketWatch: Microsoft Corp. is cutting prices on its Surface devices, introducing a $399 tablet to compete with Apple Inc.’s least-expensive iPads. The new 10-inch Surface Go, which ships Aug. 2 in the U.S. and two dozen other markets, is […]

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