Brown-Forman Q1 Profit Rises; Cuts FY Profit View

Brown-Forman Corp. (BFA,BFB) reported that its net income for the first quarter of fiscal 2019 rose to $200 million or $0.41 per share from $178 million or $0.37 prior year in the year quarter. Quarterly net sales increased 6% to $766 million from the same prior-year period, while it was up 9% on an underlying basis. For fiscal year 2019, […]

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Oil higher on lower Iran exports, rising U.S. supply

LONDON (Reuters) – Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick OxfordBenchmark Brent […]

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Grab to invest $250 million in Indonesian startups in race against…

JAKARTA (Reuters) – Grab will invest $250 million in Indonesian startups over the next three years through its newly launched innovation arm, as the ride-hailing firm aggressively pushes to cement its position in the Southeast Asia’s largest economy. A Grab motor driver is seen in a street in Jakarta, Indonesia, February 13, 2017. REUTERS/Beawiharta The Singapore-based firm has raised $2 […]

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Dycom Industries Inc. Q2 adjusted earnings Miss Estimates

Dycom Industries Inc. (DY) reported earnings for second quarter that dropped from the same period last year. The company’s bottom line totaled $29.90 million, or $0.94 per share. This compares with $43.71 million, or $1.38 per share, in last year’s second quarter. Excluding items, Dycom Industries Inc. reported adjusted earnings of $33.34 million or $1.05 per share for the period. […]

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Top 4 ETFs for Investing in Vietnam In 2018

As Vietnam continues to shift from a controlled economy to a market economy, it is joining the world marketplace. Its agricultural products have become a significant export, and it is attracting foreign investments. Investors wanting exposure to Vietnam can buy exchange-traded funds (ETFs) that either focus on Vietnam or have some exposure there. We have selected four funds that offer […]

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Ex-Barnes & Noble CEO claims chairman made up reasons to fire him

The former chief executive of Barnes & Noble sued the bookseller on Tuesday, claiming that Chairman Len Riggio “fabricated” reasons to fire him — including trumped-up allegations of sex harassment — after a deal to sell the company fell through. Demos Parneros, who was B&N’s fourth CEO in five years, alleges his firing last month came just weeks after an […]

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Turkey’s lira falls again, but Albayrak sees no risk to economy

ISTANBUL (Reuters) – Turkey’s lira fell against the dollar on Wednesday, as concern grew about the effects of the country’s currency crisis after Finance Minister Berat Albayrak was quoted as saying he did not see a risk to the economy or financial system. FILE PHOTO: Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. […]

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Ruble down on risk aversion, Putin’s pension address in focus

MOSCOW (Reuters) – The Russian ruble headed toward its weakest levels since April 2016 on Wednesday, pressured by lingering concerns about U.S. sanctions against Moscow, and ahead of a statement by President Vladimir Putin on proposed pension reform. FILE PHOTO: A cashier holds new 200 rouble banknotes in a bank in Moscow, Russia November 21, 2017. REUTERS/Maxim Shemetov Putin is […]

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British Gas in £2.65 million payout to thousands of customers it overcharged

Energy giant British Gas has paid out £2.65 million after regulator Ofgem found it overcharged more than 94,000 customers switching provider and wrongly imposing exit fees on thousands of households. The energy watchdog said Centrica-owned British Gas incorrectly charged 94,211 customers its more expensive standard variable rate tariff after they decided to switch to a new supplier, due to a […]

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