Finance

As part of the deal, Walmart will initially appoint five directors to Flipkart’s board, two directors will be named by minority shareholders while Bansal will take one board seat, according to the filing. Walmart said it may, in future, appoint a sixth board member with the approval of the majority of the Flipkart directors. It
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Lucas Jackson | Reuters Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Check out the companies making headlines after the bell: Shares of Dropbox slumped more than 1 percent in the extended session
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Abbie has enjoyed a brilliant start to her new job as a junior fund manager at AllianceBernstein, a $500bn investment group in New York. In her first three months she has handled thousands of bond trades worth nearly $19bn, never complaining, messing up or even taking a break. That’s because she is an algorithm. AllianceBernstein’s
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Check out the companies making headlines after the bell: Booking Holdings stock slumped 6 percent post-market. The travel and restaurant website company reported earnings and revenue that surpassed analyst estimates but those figures were overshadowed by weak guidance for the second quarter. Roku shares gained nearly 5 percent after hours. The smart TV streaming product
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The growth outlook for Asian economies remains strong, but the region is vulnerable to sudden tightening in global financial conditions, further market corrections and a shift towards protectionist policies, the International Monetary Fund (IMF) said on Wednesday. In its regional economic outlook update, the IMF projected Asia to grow 5.6 percent this year and next,
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Check out the companies making headlines after the bell: TripAdvisor stock soared 19 percent after hours. The travel and restaurant website company reported first-quarter earnings and revenue that surpassed Wall Street expectations. CFO Ernst Teunissen gave positive remarks regarding 2018 guidance. The company’s earnings are being driven by its non-hotel segment, which has grown 36
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Getty Images A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Check out the companies making headlines after the bell: Hertz Global shares slumped 8 percent in after-hours trade. The car rental company’s revenue surpassed expectations but it reported a
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Amazon should continue to grow at an “amazing” rate, with the e-commerce giant set to capture nearly 10 percent of total retail sales by 2020, according to Telsey Advisory Group, which initiated coverage at outperform. “Amazon’s customer-centric approach, relentless pursuit of efficiency in existing and new businesses, strong and growing Prime membership base, and advanced
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Here is what we found. 1) Circle of competence “Different people understand different businesses. And the important thing is to know which ones you do understand and when you’re operating within what I call your circle of competence.” — Warren Buffett, 1999 Berkshire Hathaway Annual Meeting Buffett stressed the importance looking at companies that are
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of PayPal. Tim Seymour was a buyer of Home Depot. Steve Grasso was a buyer of Tesla. Guy Adami was a buyer of HCA Healthcare. Trader disclosure: On May 3, 2018, the following stocks and commodities mentioned or
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HSBC, Europe’s largest banks by assets, on Friday reported a 4 percent fall in profit before tax in the first quarter of 2018 as operating costs rose. The bank’s pre-tax profit for the first three months of the year fell to $4.755 billion from the $4.961 billion a year ago. At the same time, operating
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