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Albertsons and Rite Aid Announced the Merger Agreement

Albertsons and Rite Aid Announced the Merger Agreement

Albertsons Companies, one of the nation’s largest grocery retailers, announced on Tuesday a merger agreement with the publicly traded leading drugstore chain Rite Aid Corporation (NYSE: RAD) in a cash and stock deal. The transaction has been a..

HSBC Shares Down After Earnings Report

HSBC Shares Down After Earnings Report

HSBC Holdings plc (NYSE: HSBC) has reported a successful 2017 Fiscal year. Reporting that their profit before tax increased over 140% to $17.17 billion and their adjusted revenue increased to $51.5 billion, which is up 5% from 2016 and their fu..

Commerce Department Recommended Steep Tariffs or Quotas on Steel and Aluminum

Commerce Department Recommended Steep Tariffs or Quotas on Steel and Aluminum

The recommendation of imposing heavy tariffs or quotas on foreign producers of steel and aluminum, and investigating imports in the interest of national security, was made by the Commerce Department on Friday (Feb. 16).President Donald Trump and his..

Coca-Cola Reported Better than Expected Profit

Coca-Cola Reported Better than Expected Profit

Coca-Cola Co. (NYSE: KO) on Friday announced fourth quarter earnings that beat analysts estimate, driven by strong sales of sports drinks and water.The company posted adjusted earnings of 39 cents, 1 cent higher than analysts’ estimates, ..

Investors Shrug Off Inflation Fears

Investors Shrug Off Inflation Fears

It is clear that equity market sentiment is not negatively influenced by the news of inflation rise in the United States. Stock markets all over the world went up. These showed resilience to all concerns regarding the overheated US economy. The effe..

Shopify Shares Fall Despite Topping Q4 Estimates; Set to Lead Canada’s Cannabis eCommerce

Shopify Shares Fall Despite Topping Q4 Estimates; Set to Lead Canada’s Cannabis eCommerce

Shopify Inc. (NYSE: SHOP) reported its fourth quarter and full year financial results for fiscal year 2017. The Canadian eCommerce topped analysts’ estimates in both revenue and earnings, but share were down 3.5 percent on the New York exchang..

Lincoln Electric Q4 and Full Year 2017 Earnings

Lincoln Electric Q4 and Full Year 2017 Earnings

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) today released its fourth quarter and full year 2017 results, with net income of $24.2 million, or diluted earnings per share (EPS) of $0.36. Reported EPS includes special item after-tax charges of $43...