Business

Some see a huge miss when they look at Amazon‘s latest earnings report, but retailers see exactly why they’re struggling to compete. The internet giant is growing sales, but Amazon isn’t worried about the bottom line as it continues to invest heavily in its many businesses. The investments are hurting profits, but they’re also setting
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Sharif’s ousting will weaken PML-N’s chances of winning the election in 2018. The party is Pakistan’s most investment-friendly and pro-business party, according to Ali. “Since it came to power in 2013, Pakistan’s key economic indicators have gradually improved due to better economic management while foreign investment has slowly picked up”, Ali said. Pakistan’s all-share stock
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Shares of Raytheon jumped to an all-time high of $170.74 in midday trading Thursday after the company said it was getting a boost from President Donald Trump. “We have an administration now that is significantly supporting international work for the domestic U.S. industry and that has opened several doors for us,” CEO Tom Kennedy said
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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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Money savings from a new round of BRAC would be enough to buy 22 F-18 Hornet fighter jets or four Virginia-class submarines, according to McClintock. It also could buy another large batch of F-35 stealth fighters. “BRAC reduces fixed costs they would have with infrastructure,” said Frederico Bartels, policy analyst for defense budgeting at the
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Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments. It’s also possible that nothing much changes. It all depends on whether the people who maintain bitcoin can agree by July 31 to implement a major software upgrade —one designed to improve capacity
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Billionaire Steve Ballmer said Friday that government data show it’s not clear whether tax policy will have an impact on business investment. Ballmer, founder of a nonpartisan database for government statistics, told CNBC’s “Squawk Box” that his USAFacts group looked at capital investment and research and development. “No matter what tax policy we’ve seen, it
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Shawn Patrick Ouellette | Portland Press Herald | Getty Images A forklift operator moves bottles of Poland Spring water at the Hollis facility in Hollis, Maine. U.S. business inventories rebounded in May as sales recorded their biggest drop in 10 months, government data showed on Friday. The Commerce Department said business inventories increased 0.3 percent
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Confidence in future economic prospects continued slipping into early July, the University of Michigan reported Friday. U.S. consumer sentiment fell to 93.1 in a preliminary survey. Economists expected consumer sentiment to hit 95 in July, according to Thomson Reuters consensus estimates. “Overall, the recent data follow the same pattern repeatedly recorded around past cyclical peaks:
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While multilateral development banks (MDBs) can support the infrastructure buildout in Asia, national governments need to be the institutions driving the process, a panel of experts said on Saturday. The panel held during an Asian Infrastructure Investment Bank (AIIB) meeting in Jeju, South Korea, focused on the work of governments, commercial banks and multilateral institutions
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