Corporate earnings are strong. Companies in the S&P 500 Index are on track to post first-quarter earnings-per-share growth of 21.6 percent, the most in seven years and above forecasts for a 16.5 percent increase, according to Bloomberg Intelligence. And yet, the best anyone can say about the
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Part of the SEC sanction relates to charges that the group did not have sufficient internal accounting controls and failed to keep accurate books and records relating to “purported consultants” that PAC had retained. The lack of controls also extended to sales agents employed by PAC to win business from
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The company burns through more than $6,500 every minute, according to data compiled by Bloomberg. Free cash flow—the amount of cash a company generates after accounting for capital expenditures—has been negative for five consecutive quarters. That will be a key figure to watch when Tesla
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Russia will ship an average of 19 percent less crude through its main ports on the Baltic and Black Seas in the first five months of 2018 compared with a year earlier, according to loading plans obtained by Bloomberg. Meanwhile piped flows to China soared 43 percent in the first three months, the most
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The UK has been given a temporary reprieve on a punitive 25% tariff being added to exports of British steel to the United States. President Donald Trump was set to decide whether exemptions on steel and aluminium tariffs would continue for the European …
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