Business

Check out the companies making headlines before the bell: Coca-Cola – The beverage giant reported adjusted quarterly profit of 61 cents per share, 1 cent a share above estimates. Revenue also came in above forecasts. Global organic revenue growth did beat estimates, although North America saw an unexpected decline. General Motors – The automaker earned
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Matt Winkelmeyer | Getty Images Calvin McDonald speaks onstage during Vanity Fair New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 4, 2017 in Beverly Hills, California.  Lululemon said Tuesday it’s appointed Calvin McDonald as CEO of the athletic apparel company, following the departure and resignation of Laurent Potdevin earlier this
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Shares of Eli Lilly surged 5 percent Tuesday after the pharmaceutical company surpassed second-quarter estimates and announced it would file an initial public offering for its animal health unit public. In the quarter, Eli Lilly reported a net loss of $259.9 million, or 25 cents per share. After stripping special items like charges related to
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The power business is the company’s number one focus for the remainder of 2018, CFO Jamie Miller told CNBC after the report, reiterating Flannery’s comments on the call. “Clearly our top priority is fixing the problems in the power business,” Flannery said. Power reported orders of of $7.4 billion, down 26 percent from a year
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Tesla said they have received nearly a half-million reservations for the new model. The Model 3 also was awarded Design of the Year by Automobile Magazine and designated a “recommended buy” by Consumer Reports. Read more from the St. Louis Business Journal: Rental scooters off St. Louis streets — for now How likely are you
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High school isn’t your typical breeding ground for entrepreneurship. Strict timetables, generic lesson plans and constant assessments are, for many, more likely to inspire boredom than the next great business idea. But for Richard Lorenzen, who founded his business in the 10th grade, it was a different story. Only, his wasn’t a typical schooling experience:
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Some drug companies have continued to increase prices despite growing public discontent, a move that senior equity analyst Elliot Wilbur told CNBC “makes absolutely no sense.” “It’s simply bad decision-making and terrible policy on [a drug company’s] part,” Wilbur, who focuses on pharmaceuticals at financial firm Raymond James, said Monday on “Power Lunch.” Pfizer, one
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Morgan Stanley’s lead domestic equity strategist repeated his call for second-quarter earnings reports to lead to lukewarm responses from companies’ shares, saying investors should get defensive. “While [second-quarter] earnings season should come in better than expected, we do not see it as a positive catalyst for the U.S. equity market. Our defensive rotation call last
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Vipin Kumar | Hindustan Times | Getty Images A number of Uber employees have allegedly filed complaints against Uber’s chief operating officer, Barney Harford, for insensitive comments regarding women and minorities. On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple,
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