Business

“We’re not seeing any end to viral sharing and the currency that that brings to the world,” said Matt Statman, CEO and chief creative officer of Motive, a creative ad agency. Statman also pointed out that there’s an exclusivity factor. “It’s about being first to get in,” he said. “And then, once you do that,
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The power business is the company’s number one focus for the remainder of 2018, CFO Jamie Miller told CNBC after the report, reiterating Flannery’s comments on the call. “Clearly our top priority is fixing the problems in the power business,” Flannery said. Power reported orders of of $7.4 billion, down 26 percent from a year
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Check out the companies making headlines before the bell: General Electric – GE reported adjusted second quarter profit of 19 cents per share, 2 cents a share above estimates. Revenue also came in above consensus. GE said it saw particular strength in its aviation and health-care businesses during the quarter. Honeywell – The industrial conglomerate
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High school isn’t your typical breeding ground for entrepreneurship. Strict timetables, generic lesson plans and constant assessments are, for many, more likely to inspire boredom than the next great business idea. But for Richard Lorenzen, who founded his business in the 10th grade, it was a different story. Only, his wasn’t a typical schooling experience:
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Shares of footwear maker Skechers tumbled more than 20 percent in aftermarket trading on Thursday after the company reported disappointing quarterly results and forecast a weak outlook for the third quarter. The company reported earnings per share of 29 cents, well short of the 41 cents expected by analysts. Revenue of $1.12 billion was up
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Check out the companies making headlines before the bell: Travelers – The insurance company posted quarterly profit of $1.81 per share, well below the consensus estimate of $2.42 a share. Revenue was above forecasts, but the results were heavily impact by significant catastrophe losses, much of it weather-related. IBM – IBM reported adjusted quarterly profit
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Having a comparative advantage is important for operating in the current environment of global trade uncertainty, according to the chief executive of Japan Post Holdings, one of Japan’s largest conglomerates. The same philosophy drove the company’s diversification strategy into the logistics business in 2015 — when it acquired transport and logistics provider Toll Group —
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Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported second quarter profit of $1.30 per share, beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share
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Aaron Josefczyk | Reuters A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018. U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter. The Federal
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Over the years since, the site, which is known as a platform for internet memes, has amassed more than 100 million global fans across Facebook and Instagram, generating income through banner advertisements. “We believed that, hey, maybe if we can work full-time on 9GAG then it will have a better growth. That’s the moment that
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Morgan Stanley’s lead stock market analyst said investors are making a mistake by ignoring his calls to batten down the hatches. “While [second-quarter] earnings season should come in better than expected, we do not see it as a positive catalyst for the U.S. equity market. Our defensive rotation call last week was met with a
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Photo by Matthew Whiteley, Courtesy of AllBright Neom Organics founder Nicola Elliott (L), FaceGym founder Inge Theron (M) and AllBright Co-founder Debbie Wosskow OBE (R) at the 2018 AllBright FoundHER Festival in London. Speaking on a panel titled “Queen of the Regime: Master Your Routine”, Theron said that in the contemporary business world, companies can
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Spencer Platt | Getty Images  Traders work on the floor of the New York Stock Exchange on July 12, 2018 in New York City. All eyes will be on corporate earnings this week as earnings season shifts into high gear. Netflix is among the corporates that will lead the week’s earnings announcements, with the streaming
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Vipin Kumar | Hindustan Times | Getty Images A number of Uber employees have allegedly filed complaints against Uber’s chief operating officer, Barney Harford, for insensitive comments regarding women and minorities. On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple,
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Add India to the list of countries that are growing frustrated with the U.S. administration’s trade policy. On Thursday, a group of top executives and government officials from India met in Washington with U.S. trade representatives and others at the Annual Leadership Summit of the U.S.-India Strategic Partnership Forum (USISPF). Many expressed their concern about
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Northrop Grumman chairman and CEO Wes Bush announced on Thursday he will step down as CEO effective Jan. 1, but will remain chairman through July 2019. Kathy Warden, who currently acts as company president and COO of the global security company, has been selected by the board to fill the role vacated by Bush in
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