thomson-reuters
AmEx raises 2016 profit forecast; shares up 5.8 percent
October 20, 2016 by admin · Leave a Comment
American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. Analysts on …
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AmEx raises 2016 profit forecast; shares up 5.8 percent
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BlackRock quarterly profit rises 3.8 percent
October 18, 2016 by admin · Leave a Comment
(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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Seven $1 billion-plus drugs seen reaching market in 2016
February 3, 2016 by admin · Leave a Comment
Drug companies are likely to launch seven “blockbuster” drugs in 2016, each with $1 billion-plus annual sales potential, led by new treatments for liver disease and HIV, according to a Thomson Reuters analysis. The assessment means the pharmaceuticals industry is on track for another productive year, although not as good as 2015, which saw the arrival of 11 new blockbusters. The two top …
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Seven $1 billion-plus drugs seen reaching market in 2016
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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels
January 12, 2016 by elegant · Leave a Comment
A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. Research chiefs for Morningstar and Lipper said on Monday they had not received daily asset under management figures from the Avenue Credit Strategies Fund since about mid-December. The fund is not required to report the …
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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels
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D.R. Horton’s profit surges as home sales jump
November 10, 2015 by admin · Leave a Comment
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