Cheerios cereal maker General Mills cut its full-year earnings forecast due to a sharp increase in freight and commodity costs, driving its shares down 9 percent in premarket trading on Wednesday. The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said it would try to strengthen next year’s earnings by improving its distribution
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FedEx reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: EPS: $3.72 vs. $3.11, according to Thomson Reuters Revenue: $16.52 billion vs. $16.16 billion, according to Thomson Reuters In the year ago quarter, FedEx reported earnings of $2.30 a share on $15
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Household of one: Minimum of $72,126 Household of two: Minimum of $102,001 Household of three: Minimum of $124,925 Household of four: Minimum of $144,251 Household of five: Minimum of $161,277 Still, just because you fit into those parameters doesn’t necessarily mean you will feel upper-class. Courtney Mishoe and her husband are making more than $180,000
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Mark Zuckerberg’s wealth status has changed — he’s lost more than $9 billion in stock wealth over the past 48 hours. Zuckerberg, who owns about 400 million shares of Facebook, has seen his wealth drop to around $66 billion from $75 billion since the stock closed on Friday, according to the Bloomberg Billionaire’s Index and
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With interest rates rising and volatility up in the markets, however, investors may be shifting away from pure indexing toward more active management of investment risk. “It’s about downside protection,” said Ryan Sullivan, a vice president of global ETF services at Brown Brothers Harriman. Sullivan helps fund companies to design and administer their products. “There
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Walmart is bringing FedEx shops for printing, packing and shipping into 500 of its U.S. stores, adding to the number of services it offers customers in its race against Amazon. Walmart and FedEx have been testing the arrangement in roughly 50 locations across North Carolina, South Carolina, Virginia, Arkansas, Texas and Colorado. Following a successful
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U.S. film and TV studio The Weinstein Company, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from an affiliate of private equity firm Lantern Capital Partners to acquire its assets. The studio’s bankruptcy comes after it spent months looking for a
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