Month: February 2018

Teva Pharmaceutical on Thursday said 2018 results would be weaker than expected due to difficult conditions in the U.S. generics market and fierce competition facing its branded multiple sclerosis drug. Israel-based Teva, the world’s largest generic drugmaker, is facing price erosion, increased competition and a consolidating customer base, particularly in the United States. It also
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Another recent report, by Champlain College, surveyed states’ effectiveness at producing financially literate high school graduates. Only five states received an A — Alabama, Missouri, Tennessee, Utah and Virginia — and 30 percent of states were graded either D or F. Personal finance lessons are more important than ever for students, said Annamaria Lusardi, academic
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Yum Brands on Thursday posted fourth-quarter profit that beat analyst estimates, helped by higher demand for fried chicken at its KFC restaurants. The company said net income rose to $436 million, or $1.26 per share, in the quarter ended Dec. 31, up from $303 million, or 83 cents per share, a year earlier. Excluding items,
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Shares of online food-delivery company Grubhub surged more than 27 percent Thursday after the company reported stronger-than-expected quarterly results. Grubhub, which provides an online and mobile platform for restaurant pick-up and delivery orders, also said Yum Brands will buy a 3 percent stake in the company. Grubhub reported adjusted fourth-quarter earnings of 37 cents a
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Viacom, which is exploring a merger with CBS, raised its forecast for full-year revenue from U.S. cable and satellite companies on Thursday, sending its shares up as much as 12 percent. The revised forecast comes at an important juncture for Viacom as the company and CBS, both of which are controlled by Sumner and Shari
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Women, in particular, are making significant strides when it comes to savings. The percentage of female 401(k) millionaires doubled in the past dozen years, Fidelity found, climbing to 20 percent in 2017 from 10 percent in 2005. Nearly 3 in 10 savers increased their contribution rate over the last year, Fidelity said. The average 401(k)
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CVS Health will increase employee pay and sweeten benefits to some employees using a portion of the company’s windfall from the new tax law. CVS will boost starting pay for hourly employees to $11 per hour from $9 per hour, starting in April. Pay ranges and rates will be adjusted for many of its retail
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Tomohiro Ohsumi | Getty Images The exchange rate of the NEM virtual currency against Japanese yen is seen on Coincheck’s cryptocurrency wallet app on January 29, 2018 Japan’s financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week and may further expand its probe to others, a source with direct knowledge of
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Tesla soothed some investor concerns Wednesday by delivering fourth-quarter results that beat analyst expectations, reiterating that it is on track to reach its latest Model 3 production goals, and slowing its white hot cash burn rate. However, the company did say it will spend more capital in 2018 than it did in 2017. Here’s how
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Tesla reiterated in its earnings report on Wednesday that it is on target to produce 2,500 of its Model 3 electric sedans per week by the end of Q1 and 5,000 per week by the end of Q2. Tesla’s future as a mass-market carmaker hinges on automated production of the Model 3, which more than
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Twenty-First Century Fox reported earnings and revenue that topped Wall Street expectations on Wednesday. The stock gained more than 1 percent in extended trading. Here’s how the company did compared with what Wall Street: Adjusted EPS: 42 cents vs. 38 cents expected, according to Thomson Reuters Revenue: $8.04 billion vs. $7.94 billion expected, According to
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