Month: February 2018

Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
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The Tax Cuts and Jobs Act passed by Congress late last year represents the most significant changes to the tax code since 1986. The changes are biggest for corporate taxpayers. C corps will see their statutory tax rate decline from 35 percent to 21 percent, and pass-through corporate entities — partnerships, sole proprietorships and S
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Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
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Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency. “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,” Carney
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Home Depot on Tuesday reported fourth-quarter earnings and sales that topped Wall Street’s expectations, as more shoppers flocked to its stores and spent more per trip. The home improvement retailer’s stock was climbing around 1 percent Tuesday morning on the news. Here’s what Home Depot reported compared with what analysts were expecting, based on a
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HSBC’s fortune turned around in 2017 with an increase in the year’s profit. The bank, largest in Europe by assets, said Tuesday its full-year profit before tax rose 10.9 percent to $20.99 billion after adjusting for foreign currency translation and one-off items. That’s beating an estimated $19.67 billion by Reuters and reversing the decline seen
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South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there. GM announced last week it will shutter the plant in the city of Gunsan, in South Korea’s
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Tencent also bought a stake in Yonghui Superstores Co Ltd, apparel retailers Vipshop Holdings Ltd and Heilan Home, mall operator Wanda Commercial, and this month snagged a strategic tie-up with grocer Bubugao. In the other corner is Alibaba, which has invested even more heavily in Suning.com>, Intime Retail, Sanjiang Shopping Club, Lianhua Supermarket, Wanda Film
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