Month: August 2018

Shares of Lululemon Athletica jumped more than 7 percent in after-hours trading Thursday after the athletic apparel retailer reported second-quarter earnings and sales that topped analysts’ expectations, boosted by e-commerce sales growth of nearly 50 percent. The company also raised its profit and sales outlook for the full year. This earnings report is the first
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Social media star Kylie Jenner made headlines in July after Forbes magazine reported she was on track to become the youngest-ever self-made billionaire. Her company, Kylie Cosmetics, which is less than 2 years old, is already worth about $800 million, Forbes wrote. Jenner doesn’t employ hundreds of people or dish out insane sums of money
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Ketamine is emerging as a way to treat depression, but it appears to act like an opioid — and it may carry similar risks, Stanford researchers found. Clinics are cropping up around the country where people receive ketamine infusions. A handful of pharmaceutical companies are using ketamine as inspiration for new prescription drugs to treat
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Hewlett Packard Enterprise stock rose on Tuesday after the company reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on July 31. The company will hold a conference call with analysts to discuss the results at 5 p.m. Eastern time. Here’s how HPE did in the quarter: Earnings: 44 cents
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In the latest development of the current crisis facing Papa John’s, ousted founder John Schnatter on Monday made a slew of accusations against Chief Executive Officer Steve Ritchie for causing the company’s poor performance. Those allegations, which Schnatter detailed in a letter addressed to franchisees on the website “savepapajohns.com,” blamed Ritchie for “bad financial decisions,
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Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part of its long-term strategy, according to the ride-hailing app’s chief executive. Dara Khosrowshahi said more individual modes of transport were better suited to inner-city travel, despite snatching revenues away from Uber’s drivers. He admitted that in
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Tech executives have a higher profile than ever before, whether it’s Amazon’s Jeff Bezos becoming the world’s richest person and simultaneously a favorite punching bag of President Donald Trump or Facebook’s Mark Zuckerberg being called to testify before congress about abuse of his company’s platform by foreign actors. With fame and fortune comes security risks
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L Brands, the parent of Victoria’s Secret and Bath & Body Works, on Wednesday lowered its profit outlook, which overshadowed quarterly earnings and revenue that topped analysts’ expectations. The company said it now expects full-year earnings per share between $2.45 and $2.70, down from its previous forecast for earnings per share between $2.70 and $3.
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