average-analyst

A Texas unicorn preps for a rare oil IPO

Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort Worth oil and gas company is now worth nearly $3 billion, according to a half dozen bankers who have examined its value. An IPO would be a crowning achievement for John Sellers and Cody Campbell, who co-founded predecessor companies starting …

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A Texas unicorn preps for a rare oil IPO

average-analyst

BlackRock quarterly profit rises 3.8 percent

(Reuters) – BlackRock Inc, the world's largest asset manager, reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers. BlackRock attracted total “long-term” net flows of $55.18 billion in the latest quarter, up from $35 billion a year earlier. On an adjusted basis, BlackRock earned $5.14 per share, beating the average analyst …

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BlackRock quarterly profit rises 3.8 percent

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Luxury brands suing Alibaba say mediation looks futile after Ma comments

SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands…

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Luxury brands suing Alibaba say mediation looks futile after Ma comments

average-analyst

D.R. Horton’s profit surges as home sales jump

U.S. homebuilder sentiment hit decade highs in July, August and September as traffic from potential buyers gained ground, according to data from the National Association of Home Builders. Shares of D.R. Horton, which sells homes under the D.R. Horton, America's Builder, Express Homes and Emerald Homes brands, rose 2.5

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D.R. Horton’s profit surges as home sales jump