Redfin shares fall after company offers weaker Q4 guidance

Shares of Redfin Corp. RDFN, -3.76% fell more than 9% in the extended session Thursday after the real-estate brokerage swung to a profit in the third quarter but guided for a weaker-than-expected fourth quarter. Redfin earned $3.5 million, or 4 cents a share, in the third quarter, versus a loss of $30 million, or 50 cents a share, in the […]

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Cisco and Amazon partner on hybrid-cloud approach

Cisco Systems Inc. is teaming up with Amazon.com Inc. to offer cloud-computing customers a hybrid-cloud solution that allows them to keep sensitive data and applications off remote servers. Cisco CSCO, +0.61% and Amazon AMZN, +0.77% announced the partnership Thursday morning, which will combine Cisco’s software and potentially hardware with AWS cloud-computing power. The system will use Kubernetes, open-source containerization software that allows […]

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CommScope To Acquire Arris International In About $7.4 Bln Deal, Incl. Debt

CommScope Holding Co. (COMM), a provider of infrastructure solutions for communications networks, said Thursday that it has agreed to acquire Arris International plc (ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of about $7.4 billion, including the repayment of debt. Arris International is a provider of entertainment and communications solutions. In addition, Carlyle Group […]

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Tate & Lyle profit drops 30%, backs guidance

Tate & Lyle PLC (TATE.LN) on Thursday reported a 30% fall in pretax profit for the first half of fiscal 2019, in line with expectations, and backed its full-year guidance. The ingredients and food-and-drink solutions company made a pretax profit of 113 million pounds ($148.4 million) for the half-year ended Sept. 30, compared with GBP161 million a year earlier, on […]

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Siemens rewards shareholders amid earnings hit

Siemens AG (SIE.XE) said Thursday that it will raise its dividend and launch a share buyback, even as charges from the restructuring of its power-and-gas business and the carve out of its train-making unit dragged down fourth-quarter earnings. The German conglomerate said net profit fell to 681 million euros ($780.2 million) from EUR1.28 billion a year earlier. Revenue edged up […]

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Solvay profit jumps thanks to higher pricing

Solvay SA’s (SOLB.BT) third-quarter earnings rose more than 50% as higher pricing offset rising raw-materials prices and unfavorable currency swings, it said Thursday. Net profit was 277 million euros ($317.4 million) for the July-to-September period compared with EUR179 million a year earlier. Sales climbed to EUR2.59 billion from EUR2.46 billion, the company said. Solvay attributed the higher profit to price […]

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Ford Smart Mobility Buys Electric Scooter-sharing Company Spin

Ford Motor Co. (F) announced Thursday that Ford Smart Mobility, LLC has acquired Spin, a San Francisco-based dockless electric scooter-sharing company that provides customers an alternative for first- and last-mile transportation. The financial terms of the deal were not revealed. Spin is a leading micro-mobility service provider, with operations in 13 cities and campuses across the U.S. Ford said the […]

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UniCredit profit hit by loss from investments

UniCredit SpA (UCG.MI) said Thursday that a net loss from investments hit third-quarter net profit, which fell sharply from a year earlier when the comparable result was boosted by a capital gain on the sale of its asset-management unit Pioneer Investments. Net profit for the period was 29 million euros ($33.2 million), down from EUR2.82 billion a year earlier, when […]

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Societe Generale net profit rises 32%

Societe Generale SA’s (GLE.FR) third-quarter net profit rose 32%, it said Thursday, beating analysts expectations. Net profit for the period was 1.23 billion euros ($1.41 billion) compared with EUR932 million a year earlier. France’s third-largest listed bank by assets reported a 9.6% on-year increase in net banking income, its top-line revenue figure, to EUR6.53 billion. The results compare with analysts […]

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