Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
Donald Trump puts the why in "YMCA."
During any other year, the whole ‘cuffing season’ thing wouldn’t make me bat an eyelid, but this time it’s different and the stakes are higher.At a time when I should be welcoming my annual weight gain with open arms and looking forward to mulled wine and Love Actually screenings, I’m bracing myself for ‘coving season.’ The agenda? Find someone to keep your bed warm for the winter while the bars are empty and everyone else is loved up during lockdown. The method? Swipe until your thumbs fall off.
The deal, which AMD expects to close at the end of 2021, will create a combined company with 13,000 engineers and a completely outsourced manufacturing strategy that relies heavily on Taiwan Semiconductor Manufacturing Co Ltd (TSMC). The two U.S. companies have benefited from a more nimble approach to grab market share from Intel, which has struggled with internal manufacturing. AMD has long been Intel's chief rival for central processor units (CPUs) in the personal computer business.
It also stars Felicity Jones, David Oyelowo and Kyle Chandler.
TNS has enhanced its European backbone and can now offer market data from all the major European equities exchanges to TNS' PoPs across Europe
Telstra plans network expansion into Canada, connecting businesses to the Asia-Pacific region via its secure trans-Pacific subsea cable system.
The "Multimodal Transportation Market for Chemical and Petroleum Industry Market in US 2020-2024" report has been added to ResearchAndMarkets.com's offering.
Lloyd Williams has been called into the Wales squad as scrum-half cover.
Amazon and Apple have surged 74% and 57%, respectively, this year, far outperforming the S&P 500's 5% gain as the coronavirus pandemic accelerates trends toward online shopping, video streaming and other technologies helping Wall Street's largest companies take market share from smaller rivals. A scathing report by a House of Representatives panel this month detailing abuses of market power by large tech companies suggests a tough road ahead should Democratic presidential candidate Joe Biden, who is leading in polls, win the Nov. 3 election.
(Bloomberg) -- Caterpillar Inc. Caterpillar Inc. failed to give reassurance that more hangups from the coronavirus pandemic are definitely behind the heavy-equipment maker.On a conference call Tuesday, Chief Executive Officer Jim Umpleby said he wouldn’t be giving 2021 guidance. The company reported third-quarter profit that topped analysts’ estimates, helped by lower-than-expected taxes.Caterpillar, considered a bellwether for the global economy, has been cutting costs to blunt the impact of still-sluggish orders in energy and mining. The company said Tuesday that retail machine sales fell 20% in September, extending a string of declines. The report comes as a resurgent virus hampers efforts to reopen economies, renewing global demand concerns.The stock has been among the best performers in U.S. markets on bets that sales were on the mend after virus shutdowns dented demand for its signature yellow machines. Caterpillar shares fell 2.7% at 9:53 a.m. in New York. They climbed 18% in the third quarter.“The lack of sequential improvement in September retail sales is somewhat disappointing,” said Bloomberg Intelligence analyst Christopher Ciolino. “Even as management anticipates less of a decline in fourth-quarter end-user demand versus the third quarter, the outlook for normal seasonality in fourth-quarter sales would suggest a more sluggish improvement than consensus expectations.”A bright spot for the rest of the year may be China, where government efforts to bolster growth in the wake of pandemic shutdowns are stoking demand. The heavy-equipment maker now expects an “up” year for sales in China’s construction market despite the shutdown in the first quarter, mainly helped by stimulus, according to Caterpillar Chief Financial Officer Andrew Bonfield.“Obviously, the China government is stimulating the economy to try and recover post Covid, and it’s very strong, particularly in the excavation market,” said in a phone interview following the earnings report. Bonfield also said the company is in a “battle” for market share in China.Deerfield, Illinois-based Caterpillar suspended its earnings forecast earlier this year because of uncertainty stemming from the coronavirus.With the recent run-up in Caterpillar’s shares, the third-quarter results and four-quarter outlook “may not provide enough excitement for additional near-term performance,” Jefferies analyst Stephen Volkmann said in a report. “While we see no major red flags, it appears any meaningful improvement in fundamentals will be pushed at least to 2021.”Third-Quarter ResultsAdjusted profit for the three months through September was $1.34 a share, down from $2.66 in the same period a year earlier, the company said Tuesday in a statement. Analysts had estimated $1.13, based on the average of estimates compiled by Bloomberg.Third-quarter revenue fell 23% from the same period a year earlier to $9.88 billion. The decline was mostly due to lower sales volume driven by lower end-user demand for equipment and services and the impact from changes in dealer inventories. Dealers decreased inventories more during the third quarter of 2020 than during the third quarter of 2019, the company said.“We’re encouraged by positive signs in certain industries and geographies,” Caterpillar CEO Umpleby said in the statement. “We’re executing our strategy and are ready to respond quickly to changing market conditions.”CEO Umpleby said on the conference call with analysts an investors that the company expects to raise its dividend again next year.Caterpillar expects operating margins to improve in the fourth quarter from the third quarter, according to the company’s presentation. It also said it expects dealers to reduce inventory levels by about $700 million in the fourth quarter, and by $2.5 billion for the year.(Updates with analyst’s comment, shares in fourth and fifth paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Travel Channel's hit series investigates the Tiger King's Joe Exotic Zoo for a two-hour Halloween special on Oct. 29
"Using our magic for good, can you believe it?"
American Gods, old and new, are coming back to life in the new year, at least on the small screen. It’s timely too, because “the struggles of the gods and the people in Season 3 of American Gods are the struggles of America,” according to author Neil Gaiman. The series starring Ricky Whittle and Ian […]
Flexible spending accounts (FSAs) let you set aside pre-tax income for healthcare and dependent care purposes. Any money you contribute to an FSA can’t be taxed, which is where your savings lie. As of this writing, the 2021 FSA limits have not been released, but currently, healthcare FSAs max out at $2,750 annually, while dependent care FSAs max out at $5,000.
If you want to know who really controls Inland Homes plc (LON:INL), then you'll have to look at the makeup of its...
EXCLUSIVE: Studio71, a Red Arrow Studios company, has teamed with Snarled Entertainment (Something Scary) on The Shadow Diaries, its first serialized scripted podcast, starring Madelaine Petsch (Riverdale) and Shana Secco (Hayward). Directed by K. Asher Levin and co-written by Levin and Zack Imbrogno, the genre-bending series uncovers the terrifying reality behind the glitz and glamour […]
For nearly half a century, they were blowin' in the wind: lost interviews that contained surprising new insights about celebrated singer-songwriter Bob Dylan. Transcripts of the 1971 interviews with the late American blues artist Tony Glover — and letters the two friends exchanged — have surfaced at a Boston auction house. “In many cases, the deletions are more telling than the additions," said Bobby Livingston, the auction house's executive vice president.
Patio heater, fire pit or a bigger jumper? How to stay warm while socialising outside this winter. If you live in an area where you aren’t allowed to mix with other people indoors (or just don’t want to), here is an ethical, expert guide to keeping toasty
What cooking skills should children learn?. What sort of tasks in the kitchen should kids know how to do at different ages? . Do you have a culinary dilemma? Email firstname.lastname@example.org
Lightricks, creator of the world's leading photo and video creativity apps such as Facetune2, Videoleap, and Artleap, today announced the official launch of its newest photo editing app, Filtertune. Filtertune gives users professional-level editing abilities in order to make, customize, and share their own preset filters with anyone. The community-driven app makes it easier than ever to create, edit, share and collect filters to ensure beautiful photos and a captivating social media feed that conveys a unique, authentic personal brand. All features are currently free, allowing anyone to make and share their personalized filter creations.