US Productivity Fell for Third Straight Quarter
The longest stretch of productivity declines since the end of the 1970s is threatening to restrain U.S. worker pay and broader economic growth in the years ahead. Nonfarm business productivity, measured as the output of goods and services produced by American workers per hour worked, decreased at a 0.5% seasonally adjusted annual rate in the second quarter as hours increased faster than output, the Labor Department said Tuesday....>> view originalAltice profit rises 2.7% on US cable buys
PARIS-- Altice NV's second-quarter profit rose a better-than-expected 2.7%, helped by recent acquisitions in the U.S. which offset a slowdown in France where the cable and mobile-phone operator continued to lose ground. Shares in the Netherlands-registered Altice rose 12% in morning trading in Amsterdam, The acquisitive multimedia company, founded by billionaire entrepreneur Patrick Drahi, reported a rise in adjusted earnings before interest, taxes, depreciation and amortization to EUR2.27 bill..>> view originalBOE's Bond-Buying Program Creates Wrinkles in Gilts' Yield Curve
The Bank of England’s renewed bond-buying program is already creating signs of distortion in the $2.2 trillion U.K. gilt market.Three-year gilts have yielded less than their two-year counterparts since Aug. 4, when the new round of purchases was announced, in their first so-called yield-curve inversion in almost eight years. The central bank started buying government securities again on Monday as part of its suite of stimulus aimed at heading off economic fallout from Britain’s decision in June..>> view originalThe Daily 202: Why some Republican politicians are really coming out against Trump
Susan Collins has come out against Donald Trump. (Photos by Mark Wilson/Getty Images and Evan Vucci/AP) THE BIG IDEA: -- The most important storyline of August is how many Republicans come out against their party’s nominee. If the base fractures, Donald Trump is doomed. So far, while a string of elites and vulnerable incumbents in blue states have defected, the grassroots has mostly – if reluctantly – coalesced. Republican Sen. Susan Collins of Maine announces in a new op-ed for The Post ..>> view originalValeant Maintains Forecast, Plans Asset Sales of $8 Billion
Valeant Pharmaceuticals International Inc. surprised investors Tuesday and maintained its full-year guidance, setting a goal for the second half that will require the drugmaker to substantially raise its sales and profits.As part of a planned turnaround, Valeant plans to sell assets that the company thinks will be worth about $8 billion, will renegotiate terms with lenders and will reorganize its business into three main segments as it tries to stabilize sales of several important but strugglin..>> view originalThe Oddities In Barclay's $100 Million Libor Settlement In The US
Stocks Waver as Earnings Season Hits Final Stretch; Productivity Disappoints
Stocks remain range-bound as the earnings season hits its final stretch and a read on second-quarter productivity falls short on estimates. Keris Alison Lahiff. Follow. Aug 9, 2016 9:41 AM EDT. Get TheStreet Quant Ratings' exclusive 5-page report for ...>> view originalWal-Mart CEO Doug McMillon on what he saw in Jet.com
Wal-Mart confirmed Monday that it would acquire Jet.com for $3.3 billion, in the largest-ever acquisition of an e-commerce company. A portion of the $3 billion in cash it's paying for Jet, along with $300 million in Wal-Mart shares, will be spent over time. Terms of those payments were not disclosed. Wal-Mart will update its guidance when it reports its second-quarter earnings next week. It previously had said it would invest $1.1 billion in e-commerce this year. Wal-Mart had $7.6 billion..>> view originalWhat to know if you're flying Delta on Tuesday
Like this topic? You may also like these photo galleries:AutoplayShow ThumbnailsShow CaptionsLast SlideNext SlideDelta's flight schedule was thrown into disarray Monday after an outage took the airline's reservation system offline for several hours. Delta's Tuesday schedule should be better, but it won't be perfect. Delta is cancelling several hundred additional flights on Tuesday, part of an effort to "thin" its schedule as it attempts to "reset" its operation.Here’s what to expect if you’re fl..>> view originalTwilio's Revenue Jumps on More Customer Accounts
Twilio Inc., in its first earnings report as a public company, said second-quarter revenue rose 70% as the number of active customer accounts rose sharply. Twilio’s technology is used for applications that let companies interact with customers by text, video and voice. The San Francisco company said it expects revenue of $253 million to $257...>> view original
Thursday, August 11, 2016
US Productivity Fell for Third Straight Quarter and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment