Category Archives: Stock Market News

PDC Energy shares fall as investors concerned about production guidance By Investing.com

© Reuters. PDC Energy shares fall as investors concerned about production guidance Investing.com – Shares of PDC Energy Inc (NASDAQ:) fell on Tuesday despite the release of solid s as traders focused on the company’s reduced guidance. While the company easily beat expectations in the second quarter, the company said that it now sees its full year 2017 production coming in at the lower end of its guidance of 32 million – 33 million boe. “As we manage the capital investment program, we are also adjusting the […]

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Amazon linked to Taiwan apparel supplier By Seeking Alpha

Amazon linked to Taiwan apparel supplier By Seeking Alpha ‘; Stock Markets47 minutes ago (Aug 08, 2017 03:06PM ET) © Reuters. Amazon linked to Taiwan apparel supplier Amazon (NASDAQ:) may have signed a deal with Taiwanese apparel maker Eclat Textile, according to analysts. The buzz emanates from comments made earlier today by a top Eclat exec. “We will start to ship to a new e-commerce customer at the end of August,” said Eclat Chairman Hung Chen-hai. “For this year, the e-commerce customer will account for […]

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Lending club increases revenue, shrinks loss

© Reuters. Lending club increases revenue, shrinks loss – shares rally Investing.com – LendingClub Corp ‘s (NYSE:) shares were higher on Tuesday, continuing to gain traction following the company’s release of during Monday’s session, which showed the company’s revenue is increasing, while its loss is narrowing. LendingClub’s revenue was $139.6 million, above the $103.4 million pulled in during the comparable period. It posted a loss of $25.4 million versus a loss of $81.4 million in the comparable period. It lost 1 cent per share (adjusted) versus a […]

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Dish Network, trade groups and others oppose Sinclair Tribune deal By Reuters

© Reuters. FILE PHOTO: A Dish Network receiver hangs on a house in Somerville By David Shepardson WASHINGTON (Reuters) – Dish Network Corp has joined forces with conservative media, trade and liberal advocacy groups in urging U.S. authorities to reject Sinclair Broadcast Group’s proposed $3.9 billion acquisition of Tribune Media. Opponents of the deal, according to petitions filed with the Federal Communications Commission (FCC) made public on Tuesday, say it will raise prices while narrowing content and news viewing choices for millions of Americans. Some petitions say […]

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CVS Health’s dull third-quarter forecast overshadows profit beat By Reuters

© Reuters. FILE PHOTO – A customer waits at the counter of a CVS Pharmacy store in Pasadena By Sruthi Ramakrishnan (Reuters) – CVS Health Corp (NYSE:) forecast current quarter profit below Wall Street estimates and said it has been ordered to cooperate with investigations into possible false claims submitted to a government healthcare program and drug pricing. Shares of the company, which also reported its fourth straight decline in quarterly comparable sales, fell 1.4 percent to $78.03. The No.2 U.S. drug store chain, however, reported quarterly […]

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Synders-Lance shares approaching 52-week high following earnings beat By Investing.com

© Reuters. Synders-Lance shares approaching 52-week high following earnings beat Investing.com – Snyders-Lance Inc (NASDAQ:) shares are climbing after the company released its, which surpassed analyst expectations. The snackfood company earned 27 cents per share on revenue of $579.6 million, topping analysts’ earnings estimates by 3 cents and revenue by $13.7 million. Revenue was up 3.3% year-over-year, and revenue from core brands rose 4.7% to $420.5 million during the quarter. Looking ahead, Snyders-Lance is expecting an operating margin of 14% of sales by 2020 and 4-year EPS […]

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British Airways to start non-stop flight from London to Nashville By Reuters

© Reuters. FILE PHOTO:British Airways aircraft taxi at Heathrow Airport near London LONDON (Reuters) – British Airways said on Tuesday it would start flying flights to Nashville from London in May 2018, the first direct route to the city from Europe. The service will fly five times a week from Heathrow’s Terminal 5, and will be operated with Boeing (NYSE:) 787-8 Dreamliner aircraft. The new route means that British Airways will fly to 26 U.S. destinations from summer 2018. The airline said it would also increase its […]

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BlackBerry falls after ‘sell’ recommendation from Goldman Sachs By Reuters

© Reuters. FILE PHOTO: A Blackberry smartphone is displayed in this illustrative picture taken in Bordeaux TORONTO (Reuters) – BlackBerry Ltd (TO:) shares fell as much as 3.6 percent in Toronto trade on Tuesday after brokerage Goldman Sachs (NYSE:) issued a “sell” recommendation on the stock, citing concerns about rising competition in its core mobile messaging business. The stock traded as low as C$11.52 in Toronto morning trade on Tuesday, a day after Goldman issued the report. Canadian markets were closed on Monday for a national holiday. […]

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Amazon Prime will be in over 50% of houses this year By Seeking Alpha

Cowen: Amazon Prime will be in over 50% of houses this year By Seeking Alpha ‘; Stock Markets41 minutes ago (Aug 08, 2017 10:13AM ET) © Reuters. Cowen: Amazon Prime will be in over 50% of houses this year Cowen & Co. thinks that more than half of U.S. homes will have Amazon (NASDAQ:) Prime by the end of the year, per CNBC. The firm conducted a monthly survey of 2.5K homes and 49% had Prime. The recent Prime Day event reportedly drew in more […]

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Helping people make money decisions, one click at a time By Reuters

© Reuters. Fred Schebesta head shot By Beth Pinsker NEW YORK (Reuters) – Fred Schebesta started a digital marketing business while still in college in Australia, working on a shoestring out of his dorm room. After he sold that, he was able to start fresh, and later co-founded Finder, a conglomeration of websites that help people make decisions on purchases such as mortgages, flat-screen TVs or car insurance by comparing data. Schebesta, 36, spoke to Reuters about selling his first company, and why it has been critical […]

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