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RELX profit declines, backs full-year guidance

RELX PLC REL said Thursday that first-half net profit declined 0.6% due to lower revenue and that it backed its guidance for the full year. The company behind medical journal the Lancet and the London Book Fair said it plans to buy back shares worth 200 million pounds ($263.3 million) in the second half of 2018, after purchasing GBP500 million […]

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Cobham warns of payment delay, backs outlook

Cobham PLC (COB.LN) said Thursday that Boeing Co. BA, -0.66% is withholding payment over the KC-46 aircraft refueling tanker program, which will also have higher-than-expected costs, but backed its underlying profit guidance for 2018. The British aerospace-and-defense engineer said Boeing has made unquantified damages assertions related to the KC-46 program, which are being formally disputed by Cobham. Furthermore, Cobham said […]

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Daimler profit falls as tariffs hit Mercedes-Benz

German premium car maker Daimler AG (DAI.XE) said Thursday that second-quarter net profit fell as earnings at its Mercedes-Benz cars division fell due to weaker pricing, stemming from tariffs. The maker of Mercedes-Benz cars said net profit fell to 1.73 billion euros ($2.02 billion) in the three months ended June 30 from EUR2.44 billion a year ago. Revenue fell slightly […]

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Park Electrochemical To Sell Electronics Unit To Japan’s AGC For $145 Mln Cash

Park Electrochemical Corp. (PKE) announced late Wednesday that it has entered into a definitive agreement to sell its Electronics Business to Japan-based AGC Inc., formerly Asahi Glass Co., Ltd., for $145 million in cash. Park’s Electronics unit manufactures high-technology digital and RF/microwave printed circuit materials mainly for the telecommunications and internet infrastructure, enterprise and military/aerospace markets. It includes manufacturing facilities […]

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Equifax stock falls, breach still sapping profit

Equifax Inc. EFX, +0.40% reported Wednesday its second-quarter net income dropped 12% from a year earlier on higher expenses, including those related to its massive 2017 data breach. The credit bureau reported a profit of $144.8 million, or $1.19 a share, compared with $165.4 million, or $1.36 a share, a year earlier. When adjusted for costs related to its 2017 […]

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Bloom Energy will be profitable this year, CEO says after IPO

Wall Street seemingly could not get enough of Bloom Energy Corp. on Wednesday, with shares rising more than 60% after an initial public offering that chief executive and founder K.R. Sridhar credited to his company’s ability to explain its purpose. Investors “understood very clearly what the size of the market is, they understood what the opportunity is,” Sridhar told MarketWatch […]

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Think tariffs are barely hurting earnings? Think again

Investors who were starting to think trade tensions between the U.S. and major trading partners would have only a limited impact on company earnings had a rude awakening Wednesday, when car giant General Motors Co. posted earnings that showed commodity costs up $300 million from a year ago. The biggest U.S. car manufacturerGM, -5.64%slashed guidance for 2018 because of worries […]

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Taco Bell cheese dip recalled by Kraft Heinz over risk of botulism

(Business Wire) Kraft Heinz is voluntarily recalling approximately 7,000 cases of Taco Bell cheese dip because the product is showing signs of separation, which could lead to botulism. Continue Reading Below The affected product – 15-ounce glass jars of Taco Bell Salsa Con Queso Mild Cheese Dip – have a “best when used by” date that ranges from Oct. 31, […]

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Canara Bank profit rises 11.9%

However, the state-owned bank’s gross non-performing assets rises 18.59% to Rs. 44,659.56 crore Canara Bank’s net profit for the three months ended June rose 11.87% to Rs. 281.49 crore year-on-year (y-o-y) on revenue of Rs. 1319.46 crore backed by a net interest income growth at 43.13%, according to a company statement. “The NII growth is primarily due to the 15.12% […]

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JSW Steel profit rises 275% to ₹2,339 crore

Revenue grows 9% on ‘robust demand’ JSW Steel reported a 275% growth in its June quarter consolidated net profit to ₹2,339 crore. Revenues for the quarter increased 25% to ₹20,519 crore as India witnessed a robust 9.2% growth in domestic steel demand during the first quarter led by higher government spend on infrastructure and strong consumer demand, said the company […]

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