• Tribune Media Second Quarter Results Mixed Amid Lower Political Ad Revenue

    Tribune Media Second Quarter Results Mixed Amid Lower Political Ad Revenue

    Tribune Media (TRCO) posted mixed results for its second quarter on Friday, with better-than-expected earnings while total operating revenue declined amid a drop in political advertising revenue. The company, which operates a portfolio of television and digital properties covering news, entertainment and sports, generated total operating revenue of $484 million, […]

  • FleetCor Second-Quarter Results Beat Expectations

    FleetCor Second-Quarter Results Beat Expectations

    Business payments company FleetCor (FLT) ramped up its full-year guidance after markets closed on Tuesday as it reported results for its second-quarter which beat analysts’ views, supported by better-than-expected fuel spreads. The Peachtree Corners, Ga.-headquartered company posted revenue of $647.1 million, up 11% from the corresponding quarter of the prior […]

  • Close-up photograph of stock market chart

    Rio Tinto Unveils $3.5 Billion Dividend

    Rio Tinto (RIO, RIO.L), one of the world’s largest metals and mining groups, unveiled a cash return to shareholders of $3.5 billion early on Thursday as underlying earnings and sales jumped in the first half due to higher iron ore prices. Revenue grew by 9% to $20.72 billion during the […]

  • (AP)
Biz02-holiday-021617-AP
Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)

    European ADRs Move Lower

    American depositary receipts of European stocks were trading 0.43% lower at 1,048.72 on the BNY Mellon Europe Select ADR Index on Thursday. In continental Europe, the gainers were led by medical device maker Edap (EDAP), which surged 19.3%, followed by network infrastructure provider Nokia (NOK), brewing company AB InBev (BUD) […]

  • Consumer Stocks Higher in Recent Trade

    Consumer Stocks Higher in Recent Trade

    Consumer stocks were moderately higher, with shares of consumer staples companies in the S&P 500 climbing 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead 0.5%. Among consumer stocks moving on news: (+) Nova Lifestyle (NVFY) rose 10% after the home furnishings company said […]

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Analyst Views on Shares of American International Group, Inc. (NYSE:AIG)

Tracking the present quarter EPS consensus estimate for American International Group, Inc. (NYSE:AIG), we have noted the current number is 1.05. This EPS estimate is using 12 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 1.43. Sell-side analysts have the job of […]

by × August 21, 2019 × 0 comments

Market Watch

Tribune Media Second Quarter Results Mixed Amid Lower Political Ad Revenue

Tribune Media Second Quarter Results Mixed Amid Lower Political Ad Revenue

Tribune Media (TRCO) posted mixed results for its second quarter on Friday, with better-than-expected earnings while total operating revenue declined amid a drop in political advertising revenue. The company, which operates a portfolio of television and digital properties covering news, entertainment and sports, generated total operating revenue of $484 million, […]

by × August 9, 2019 × 0 comments

Market Watch

FleetCor Second-Quarter Results Beat Expectations

FleetCor Second-Quarter Results Beat Expectations

Business payments company FleetCor (FLT) ramped up its full-year guidance after markets closed on Tuesday as it reported results for its second-quarter which beat analysts’ views, supported by better-than-expected fuel spreads. The Peachtree Corners, Ga.-headquartered company posted revenue of $647.1 million, up 11% from the corresponding quarter of the prior […]

by × August 7, 2019 × 0 comments

Market Watch

Close-up photograph of stock market chart

Rio Tinto Unveils $3.5 Billion Dividend

Rio Tinto (RIO, RIO.L), one of the world’s largest metals and mining groups, unveiled a cash return to shareholders of $3.5 billion early on Thursday as underlying earnings and sales jumped in the first half due to higher iron ore prices. Revenue grew by 9% to $20.72 billion during the […]

by × August 1, 2019 × 0 comments

Market Watch

(AP)
Biz02-holiday-021617-AP
Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)

European ADRs Move Lower

American depositary receipts of European stocks were trading 0.43% lower at 1,048.72 on the BNY Mellon Europe Select ADR Index on Thursday. In continental Europe, the gainers were led by medical device maker Edap (EDAP), which surged 19.3%, followed by network infrastructure provider Nokia (NOK), brewing company AB InBev (BUD) […]

by × July 25, 2019 × 0 comments

Market Watch

Consumer Stocks Higher in Recent Trade

Consumer Stocks Higher in Recent Trade

Consumer stocks were moderately higher, with shares of consumer staples companies in the S&P 500 climbing 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead 0.5%. Among consumer stocks moving on news: (+) Nova Lifestyle (NVFY) rose 10% after the home furnishings company said […]

by × June 11, 2019 × 0 comments

Business Daily

Amazon Sees Prime Air Delivery Drone Bringing Packages to Customers ‘Within Months’

Amazon.com (AMZN) showed off the latest design of its Prime Air delivery drone on Wednesday in Las Vegas, touting its plans to deliver packages using the devices to customers “within months.” The drone can do vertical takeoffs and landings similar to a helicopter, while having aerodynamic efficiencies like an airplane, […]

by × June 5, 2019 × 0 comments

Market Watch

Rail Traffic Drops 6.1% Year-Over-Year in Week Ended June 1 as Coal Leads Decline

Rail Traffic Drops 6.1% Year-Over-Year in Week Ended June 1 as Coal Leads Decline

Rail traffic in the US fell 6.1% year-over-year in the seven days that ended on June 1, according to the Association of American Railroads. Volume totaled 478,679 carloads and intermodal units last week, the AAR said on Wednesday. Traffic fell 5.8% from the same week the previous year to 237,512 […]

by × June 5, 2019 × 0 comments

Stocks

Facebook to Cede Control of Upcoming Cryptocurrency to Outside Foundation

Facebook to Cede Control of Upcoming Cryptocurrency to Outside Foundation

Facebook (FB) is planning to give control of a cryptocurrency it is developing to an outside foundation, The Information reported Wednesday, citing people briefed on the plan. The move is reportedly to encourage trust in the forthcoming digital payment system and also to reassure financial regulators. According to the sources […]

by × June 5, 2019 × 0 comments

Business Daily, Market Watch, Stocks

Bond Prices Further Trim Gains; Long End Drops Deeper into the Red

Bond Prices Further Trim Gains; Long End Drops Deeper into the Red

US Treasury prices continued to retrace Tuesday’s gains with the 2-year maintaining its lead while the long bond slipped to Thursday levels, further steepening the curve spread. The bid found on the back of the weak May ADP private payrolls headline lost its mojo as stocks worked the session highs. […]

by × June 5, 2019 × 0 comments