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Ernst & Young found liable for over $10 million in Madoff losses in Washington state + MORE Nov 14th
SEATTLE – A jury in King County Superior Court has found the firm of Ernst & Young negligent and liable for half of more than $20 million lost by a Washington state investment company in the wake of Bernie Madoff’s multi-decade investment scam.
Friday’s verdict pins responsibil.... More »
Viral infections, genetic factors may be linked to mystery hepatitis in kids, studies suggest - CBC News Jul 31st
Viral infections, genetic factors may be linked to mystery hepatitis in kids, studies suggest CBC NewsHepatitis in children: Scientists have found a possible cause for the mystery outbreak The Indian ExpressRecent study may have discovered reason behind hepatitis surge in child.... More »
How to invest in stocks, mutual funds and ETFs + MORE Aug 21st
M A K I N G B A N K
The joy you’ll feel after reading this. (Shutterstock)
There’s an absolute mess of information out there (as in, on the Internet) that explains in big words and complicated acronyms explaining the financial footwork of investing. What should I look for when buyi.... More »
No house? No worries: How to tip the financial scales in your favour if you can’t afford to buy a home Jun 12th
How can you generate wealth without owning four walls and a roof? We asked the experts..... More »
Why blockchain stock listings are set to explode in Canada Dec 7th
Analyst sees 50 firms getting listings within 12 months
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Comcast matches 3Q profit expectations, tops revenue forecasts
– canadianbusiness.com
PHILADELPHIA – PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Tuesday reported third-quarter net income of $2 billion.
On a per-share basis, the Philadelphia-based company said it had net income of 80 cents.
The results matched Wall Street expectations. The average estimate of 24 analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share.
The cable provider posted revenue of $18.67 billion in the period, which topped Street forecasts. Twenty-three analysts surveyed by Zacks expected $17.97 billion.
Comcast shares have risen 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 1 per cent. The stock has climbed 15 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at http://www.zacks.com/ap/CMCSA
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Keywords: Comcast, Earnings Report, Priority Earnings
The post Comcast matches 3Q profit expectations, tops revenue forecasts appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Philadelphia-based company said it had net income of 80 cents.
The results matched Wall Street expectations. The average estimate of 24 analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share.
The cable provider posted revenue of $18.67 billion in the period, which topped Street forecasts. Twenty-three analysts surveyed by Zacks expected $17.97 billion.
Comcast shares have risen 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 1 per cent. The stock has climbed 15 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at http://www.zacks.com/ap/CMCSA
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Keywords: Comcast, Earnings Report, Priority Earnings
The post Comcast matches 3Q profit expectations, tops revenue forecasts appeared first on Canadian Business – Your Source For Business News.
How Ontario defines ‘investment’: Millions to teachers’ unions
– theglobeandmail.com
Plus, what to watch for today
UK economic growth slows to 0.5 per cent in July-Sept, from 0.7 per cent in previous quarter
– canadianbusiness.com
LONDON – Britain’s economy slowed in the July-September period amid broader concerns over the global economy.
The Office of National Statistics said Tuesday the economy grew 0.5 per cent compared with the previous quarter, when growth was 0.7 per cent. The rate was below expectations of 0.6 per cent.
There were increases in output in services, production and agriculture, but construction lagged, slumping by 2.2 per cent.
Chris Williamson of Markit said the slowdown and “warning lights” from recent business surveys will prompt the central bank to think twice about the possibility of raising interest rates by year’s end.
He said: “There are signs that companies are becoming more risk averse as global growth worries intensify, pulling back on their hiring, investment and spending intentions, which could lead to the slowdown becoming deeper and more entrenched.”
The post UK economic growth slows to 0.5 per cent in July-Sept, from 0.7 per cent in previous quarter appeared first on Canadian Business – Your Source For Business News.
The Office of National Statistics said Tuesday the economy grew 0.5 per cent compared with the previous quarter, when growth was 0.7 per cent. The rate was below expectations of 0.6 per cent.
There were increases in output in services, production and agriculture, but construction lagged, slumping by 2.2 per cent.
Chris Williamson of Markit said the slowdown and “warning lights” from recent business surveys will prompt the central bank to think twice about the possibility of raising interest rates by year’s end.
He said: “There are signs that companies are becoming more risk averse as global growth worries intensify, pulling back on their hiring, investment and spending intentions, which could lead to the slowdown becoming deeper and more entrenched.”
The post UK economic growth slows to 0.5 per cent in July-Sept, from 0.7 per cent in previous quarter appeared first on Canadian Business – Your Source For Business News.
Merck beats 3Q net income expectations, misses revenue forecasts
– canadianbusiness.com
KENILWORTH, N.J. – Merck & Co. (MRK) on Tuesday reported third-quarter profit of $1.83 billion.
The Kenilworth, New Jersey-based company said it had profit of 64 cents per share. Earnings, adjusted for pretax expenses, were 96 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The pharmaceutical company posted revenue of $10.07 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $10.09 billion.
Merck expects full-year earnings in the range of $3.55 to $3.60 per share.
Merck shares have dropped roughly 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 1 per cent. The stock has dropped 8 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
The Kenilworth, New Jersey-based company said it had profit of 64 cents per share. Earnings, adjusted for pretax expenses, were 96 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The pharmaceutical company posted revenue of $10.07 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $10.09 billion.
Merck expects full-year earnings in the range of $3.55 to $3.60 per share.
Merck shares have dropped roughly 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 1 per cent. The stock has dropped 8 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
Pfizer beats 3Q profit and revenue expectations
– canadianbusiness.com
NEW YORK, N.Y. – NEW YORK (AP) _ Pfizer Inc. (PFE) on Tuesday reported third-quarter profit of $2.13 billion.
The New York-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 60 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The drugmaker posted revenue of $12.09 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $11.49 billion.
Pfizer expects full-year earnings in the range of $2.16 to $2.20 per share, with revenue in the range of $47.5 billion to $48.5 billion.
Pfizer shares have climbed almost 10 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 1 per cent. The stock has risen 17 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights…
The New York-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 60 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The drugmaker posted revenue of $12.09 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $11.49 billion.
Pfizer expects full-year earnings in the range of $2.16 to $2.20 per share, with revenue in the range of $47.5 billion to $48.5 billion.
Pfizer shares have climbed almost 10 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 1 per cent. The stock has risen 17 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights…
