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Comcast added 114,000 customer relationships during the quarter, fewer than the 116,000 added this time last year, as residential video customers fell more this year. The company added 175,000 high-speed internet customers, a bit less than the 220,000 added a year earlier. Still, Comcast grew cable communications revenue by 5.5 percent in the period as
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Verizon earnings met analyst expectations and beat revenue projections for its second quarter, helping the company’s stock rebound from a disappointing year. Earnings per share were up slightly at 96 cents compared with 94 cents in the year-ago quarter. Revenue rose modestly to $30.55 billion from $30.53 billion. Analysts expected profit per share of 96
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Bezos’ rise carries important symbolic weight — signaling Amazon’s unbridled power and value, presenting a new face of outsized wealth to the world and heralding a new kind of billionaire who is skeptical of philanthropy and has massive reach in culture, technology and media. Bezos will be a stark contrast to his fellow Seattle-area resident
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A majority of entrepreneurs, 43 percent, who do have a retirement fund use a self-employed 401(k) plan. The second-most-popular savings account is a traditional individual retirement account (31 percent) and third, the Roth IRA (29 percent). The reality of these entrepreneurs’ situations stands in stark contrast to their hopes, and the numbers just don’t add
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Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand. Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier, VW said on Thursday, beating a 4.49-billion-euro consensus forecast in a Reuters
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Roche, the biggest maker of cancer drugs, raised its 2017 outlook after first-half profit beat market expectations just as the Swiss group’s ageing portfolio of blockbuster medicines faces increasing competition from biosimilar copies. “In 2017, Roche now expects sales to grow mid-single digit, at constant exchange rates. Core earnings per share are targeted to grow
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Finally, Cramer grudgingly reviewed Polaris Industries, a manufacturer of snowmobiles, all-terrain vehicles and motorcycles that has had a wild ride over the last several years. From 2012 to 2015, shares of Polaris rallied 150 percent. But starting in 2015, the company’s earnings, revenue and growth all slowed due to mishaps in costs, shipping and inventory
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The dollar fell on Wednesday, touching its lowest level in more than a year against a basket of currencies after the release of the Federal Reserve’s policy statement following its July meeting. The Federal Open Market Committee announced no changes to monetary policy, as expected. Policymakers said, however, that the U.S. central bank would begin
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Whole Foods Market posted third-quarter earnings on Wednesday that beat analyst expectations. EPS: 36 cents adjusted vs. 33 cents expected, according to Thomson Reuters Revenue: $3.73 billion vs. $3.72 billion expected, according to Thomson Reuters U.S. same-store sales: down 1.9 percent vs. down 2.2 percent expected, according to StreetAccount In the third quarter, net income
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Ford‘s second-quarter earnings topped analysts’ expectations on Wednesday, helped by strong performance at its financing arm, higher sales of its F-Series and other trucks and a lower-than-expected tax rate. The company raised its full-year earnings forecast to a range of $1.65 to $1.85 a share, on an adjusted basis. However, the improved outlook was also
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During the second quarter, Coke said the company made progress in some of its key initiatives, which included transforming the business’ beverage portfolio, getting away from sugary drinks and growing in global markets. Quincey has made it clear he wants to focus on boosting Coca-Cola’s sales of smaller-sized packages and no-calorie sparkling beverages to meet
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Boeing shares soared nearly 8 percent to a record high after the world’s biggest plane maker posted second-quarter profit and cash results that beat estimates, and lifted its full-year forecasts. Boeing has cut spending aggressively by streamlining production, reducing payrolls and winding down development costs. Its 787 Dreamliner contributed about $530 million in cash in
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Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, reported a higher-than-expected quarterly profit on Wednesday, helped by cost-cutting and on strong demand in the United States. Sales in North America, Hershey’s largest market, rose 2.2 percent to $1.47 billion in the second quarter ended July 2. Hershey, apart from implementing a cost-cutting
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One of those products that may come up in millennials’ research is laboratory-grown diamonds, which are growing in popularity as the low profit margins in the cutting and polishing segment have heightened midstream players’ interest in non-natural varieties. Jason Payne, co-founder of Ada Diamonds told CNBC that lab-made diamonds, compared to mined diamonds, “have fewer
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AT&T lost 199,000 subscribers, but the loss was offset by gains in its DirecTV Now online streaming service. The total number of video subscribers was essentially flat from last year, the company said. Stephens hailed bundle packages as a way to attract and keep customers. Since AT&T acquired DirecTV, the number of wireless subscribers with
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Financial advisors are increasingly aware of this threat, with 81 percent saying cybersecurity is a high priority. Yet, just 29 percent say they are “fully prepared to manage and mitigate the risks associated with cybersecurity,” according to a study released last September by the Financial Planning Association’s Research and Practice Institute. However, just in the
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More and more, soon-to-be retirees are thinking of heading overseas. With older Americans increasingly responsible for their own financial security, workers are becoming steadily more pessimistic about their future economic prospects as they approach retirement age, according to a study by United Income, a startup that aims to apply big-data analysis to financial planning. But
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The bills are “designed to create the impression that they’re doing something to protect investors even as they strip away protections,” said Barbara Roper, director of investor protection for the Consumer Federation of America. “Instead of requiring advisors to avoid, rein in and appropriately deal with conflicts of interest, they’re saying, ‘We’ll deal with those
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