Business

Check out the companies making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, and same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said
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Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Britain’s government says it does not intend to refer U.S. media conglomerate Comcast‘s 22 billion pound ($30.7 billion) takeover offer for London-based Sky to competition authorities, saying the proposed merger doesn’t raise concerns on public interest grounds. Culture Secretary Matt Hancock says he’s “reviewed the
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“The complexity of large-scale manufacturing and the challenges of successfully commercializing new technologies and new manufacturing and marketing techniques suggest that shareholders would be better served by having Musk focus on running the company, and allowing an independent director to run the board,” according to a copy of ISS’ recommendations seen by Reuters. The recommendations
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A Cuban airliner with 113 people on board plummeted into a yuca field just after takeoff from Havana’s international airport on Friday. There was no immediate word on casualties, though residents told The Associated Press they saw at least some survivors being taken away in ambulances. A military officer who declined to provide his name
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Check out the companies making headlines before the bell: Deere – The construction equipment maker missed estimates by 17 cents with adjusted quarterly profit of $3.14 per share, with revenue also falling short of forecasts. Deere did maintain its prior full year profit forecast. Campbell Soup – CEO Denise Morrison has announced her retirement, effective
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Billionaire restaurant owner Tilman Fertitta didn’t think ordering in would be a lasting trend. But the CEO and chairman of Landry’s Restaurants told CNBC that he’s been “converted.” “We’re in a different world today,” Fertitta said on “Power Lunch” Thursday. “I think people started realizing, ‘Why am I not just ordering food from my favorite
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Check out the companies making headlines before the bell: Walmart – The retail giant reported adjusted quarterly profit of $1.14 per share, 2 cents share above estimates. Revenue also beat forecasts. US comparable-store sales were up 2.1 percent, beating consensus estimates. Cisco Systems – Cisco reported adjusted quarterly profit of 66 cents per share, a
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