Business News

Business News

Comcast Second-Quarter Results Mixed

Comcast Second-Quarter Results Mixed

Comcast (CMCSA) posted mixed results for its second quarter on Thursday with revenue falling short of analysts’ estimates as sales within the NBCUniversal business segment were impacted by a decline in filmed entertainment. The Philadelphia-based provider of high-speed internet, video and phone lines, reported revenue of $26.86 billion in the […]

by × July 25, 2019 × 0 comments

Business News

UK Manufacturing Downturn Deepens

UK Manufacturing Downturn Deepens

The UK’s manufacturing sector continued to feel the impact of the unwinding of pre-Brexit stockpiling activity during June, as already high stock levels led to a scaling back of output and new order intakes, with demand from both domestic and export markets weakening. The pound weakened 0.4% against the dollar […]

by × July 1, 2019 × 0 comments

Business News

Swiss Re Expects to Raise $3.6 Billion

Swiss Re Expects to Raise $3.6 Billion

Swiss Re (XFRA: SR9, SREN.SW, SSREY), the world’s second-biggest reinsurance group, said early Thursday that it had set a price range of 2.80 pounds ($3.6) to 3.30 pounds for the initial public offering of its UK life assurance business ReAssure. This implies that on floatation, the UK subsidiary will have […]

by × June 27, 2019 × 0 comments

Business News

CarMax First Quarter Beats Estimates

CarMax First Quarter Beats Estimates

Used vehicle retailer CarMax (KMX) posted better-than-expected results for its fiscal first quarter on Friday, bolstered by strong conversion, a supportive lending environment and a shift in the timing of some of its customer tax refunds. The Richmond, Va.-headquartered company, which has more than 200 stores nationwide, reported revenue of […]

by × June 21, 2019 × 0 comments