Paychex profit and revenue fall but beat estimates as pandemic weighs

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Paychex profit and revenue fall but beat estimates as pandemic weighs

Paychex Inc. PAYX, +1.55% said Tuesday it had net income of $220.7 million, or 61 cents a share, in its fiscal fourth quarter to May 31, down from $230.4 million, or 64 cents a share, in the year-earlier period. Adjusted per-share earnings also came to 61 cents …
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Amazon.com Closes Above $3000 for the First Time

Amazon.com (NASDAQ:AMZN) has joined the exalted ranks of $3,000-plus stocks. The company hit that milestone on Monday, when its stock closed above that level for the first time in its history. In recent years, the company has become the incumbent online …
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Magic Leap has a new chief executive and it's former Microsoft exec Peggy Johnson

Peggy Johnson, the former executive vice president of business development at Microsoft, has been named as the new chief executive of Magic Leap, the company said in a statement. Johnson, who will begin her new role on August 1, 2020, comes to Magic …
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S&P/TSX composite down in early trading, loonie also trades lower

TORONTO – Canada’s main stock index was down in early trading as the heavyweight financial sector moved lower and U.S. stock markets also lost ground. The S&P/TSX composite index was down 65.22 points at 15,604.45. In New York, the Dow Jones …
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Novavax—up over 1800% in 2020—sees big revenue opportunities from potential coronavirus vaccine

Novavax CEO Stanley Erck told CNBC on Tuesday that the company’s potential coronavirus vaccine improves its revenue outlook. Shares of the biotech company have surged in 2020, rising more than 1,800% year-to-date as it races to develop a vaccine to …
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