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Stocks Rise Amid Optimism on Corporate Earnings
2015-05-04 19:37:33| IT Services - Topix.net
U.S. stocks rose, after the biggest gain in more than a month for the Standard & Poor's 500 Index, amid optimism over corporate earnings. Comcast Corp. advanced after increasing its stock buyback.
Tags: corporate
rise
stocks
earnings
Buffett Endorses Job Cuts for Profit Amid Shareholder Unease
2015-05-04 13:22:58| Food - Topix.net
Berkshire Hathaway Inc. chairman and chief executive officer Warren Buffett, said, "there's no question that waves of layoffs hurt people". Still, he asked: "what would our country be if we kept everyone on the farm?" Photographer: Daniel Acker/Bloomberg Warren Buffett's partnership with 3G Capital, a job-cutting buyout firm that helped him do some of his biggest deals, has hit a nerve with shareholders of the billionaire's Berkshire Hathaway Inc. The first question asked at Berkshire's annual meeting on Saturday came from a Texas shareholder who said he was "suffering heartburn" because of 3G's "brutal" practices at the companies it acquires.
Tags: job
profit
cuts
shareholder
GM U.S. Sales Top Estimates Amid Strong Demand for Light Trucks
2015-05-02 09:14:23| Automakers - Topix.net
Automakers reported the best April sales in a decade even as some of them missed analysts' estimates. The good news is that highly profitable pickups and sport utility vehicles remain popular with shoppers.
Exxon's 1Q profit falls 46 percent amid decline in oil price
2015-04-30 16:11:44| Oil & Gas - Topix.net
Lower oil prices pushed Exxon Mobil Corp.'s first-quarter profit down 46 percent, but the results still beat Wall Street expectations. Exxon said Thursday that it earned $4.94 billion - a huge sum but the weakest first quarter for the oil giant since 2009.
Exxon's 1Q profit falls 46 percent amid decline in oil price
2015-04-30 15:42:49| Energy - Topix.net
Lower oil prices pushed Exxon Mobil Corp.'s first-quarter profit down 46 percent, but the results still beat Wall Street expectations. Exxon said Thursday that it earned $4.94 billion - a huge sum but the weakest first quarter for the oil giant since 2009.
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