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Tag: slump
CSX Profit Meets Estimates as Cost Cuts Help Offset Coal Slump
2016-04-14 09:17:03| Railroads - Topix.net
CSX Corp.'s first-quarter profit met analysts' estimates as cost cuts helped make up for a drop in coal and oil carloads at the largest railroad in the eastern U.S. Earnings fell to 37 cents a share from 45 cents a year earlier, CSX said in a statement Tuesday, in line with the average of 25 forecasts compiled by Bloomberg. Sales fell 14 percent to $2.62 billion.
Tags: cost
profit
estimates
meets
Japan's beer market suffers as Kirin Brewery shipments slump - report
2016-04-13 18:08:08| Daily beverage news and comment - from just-drinks.com
A sharp decline in domestic sales for Kirin Brewery dragged down the Japanese beer market in the first quarter of the year as rival brewers posted growth, according to a report.
Tags: report
market
beer
suffers
Railways feel the brunt of commodities slump
2016-04-11 00:15:20| Railroads - Topix.net
The number of carloads hauled by Canadian Pacific Railway Ltd. and Canadian National Railway Co. has fallen more than 9 per cent this year, excluding container traffic.
Tags: feel
commodities
railways
slump
U.S. Stocks Edge Higher as Crude Rally Offsets Slump in Biotech
2016-04-09 02:49:56| Biotech - Topix.net
U.S. stocks edged higher, with the Standard & Poor's 500 Index trimming the worst weekly slide in two months, as a surge in crude that boosted energy shares offset a slump in biotechnology shares. The S&P 500 climbed 0.2 percent to 2,047.63 at 4 p.m. in New York, remaining in a range it's held since the Federal Reserve's last policy meeting on March 16. The index rose as much as 0.9 percent Friday, and closed down 1.2 percent in the week, the most since Feb. 5. Equities have swung between gains and losses in the five days as investors search for clues on the strength of the American economy ahead of what is forecast to be the worst earnings season since the financial crisis.
Tags: higher
edge
stocks
rally
U.S. Stocks Fight Slump In Consumer-discretionary To Start Week
2016-04-04 19:11:11| Footwear - Topix.net
U.S. stocks were in negative territory Monday, as losses for consumer-discretionary companies, like Nike Inc., overshadowed a rally in health-care stocks. Meanwhile, a fresh drop in oil prices weighed on risk appetite, offsetting the positive effects of comments from Federal Reserve's Janet Yellen, who has reaffirmed a desire to keep benchmark interest rates low.
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