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3 Articles
Source: Fox News

Ford's 1Q earnings beat expectations, sending shares up amid global restructure

Thursday 21:51 GMT

Earnings at Ford Motor Co. in the first quarter exceeded Wall Street estimates, leading to a surge in shares in after-hours trading as the carmaker pushes forward with a revitalized lineup and continues progress on an $11 billion global restructuring effort.

Ford is launching an update to the Ford Explorer and Lincoln Corsair, as well as an all-new Ford Ranger and Lincoln Aviator. The company previously introduced the crossover 2020 Escape, its best-selling model outside of the popular F-Series pickup truck.

1 Article
Source: Reuters

Intel cuts full-year revenue forecast, misses on data-center sales

Thursday 21:51 GMT

(Reuters) - Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours.

The lowered full-year revenue forecast adds to concerns that an industry-wide slowdown could persist until the end of 2019 and follows a similar warning earlier this week from chipmaker Texas Instruments.

1 Article
Source: Reuters

Amazon profit trounces estimates, sales forecast muted

Thursday 21:51 GMT

Inc on Thursday trounced first-quarter profit estimates on soaring demand for its cloud and advertising services, but a weak forecast renewed concern that the company would spend away part of its windfall on larger investments this year.

The company said revenue from the category and some other items grew 33.7 percent to $2.72 billion, but missed estimates of $2.85 billion.

1 Article
Source: Common Domain

Lululemon Would Like You to Know It Has No Plans to Slow Down. Namaste.

Thursday 21:50 GMT

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Lululemon Athletica stock has been on a tear, and company management says it can keep growing sales and profits at substantial rates. To order presentation-ready copies for distribution to your colleagues, clients or customers visit

1 Article
Source: Common Domain

Hamptons, N.Y., Sees Downturn in First Quarter Home Sales

Thursday 21:50 GMT

First quarter home sales in the Hamptons hit their lowest level in seven years, as the vacation-home hotspot mirrors the downturn in its main feeder market, New York City, according to data published Thursday.

The Hamptons recorded fewer than 300 sales in the first three months of the year, plummeting 19% from a year ago, according to the data published jointly by brokerage Douglas Elliman and appraisal firm Miller Samuel.

1 Article
Source: The Guradian

'Don't mess with our beers': outrage in Mexico over motion to ban sale of cold beer

Thursday 23:40 GMT

Mexico City residents may have to slake their thirsts with warm beer after a local lawmaker introduced a motion on Wednesday to ban the sale of the cold beverage in convenience stores.

Met with incredulity on social media – would modify Mexico City’s commerce laws to ban selling beer or beverages of 7% or less alcohol content, which are “refrigerated or in different conditions than the ambient temperature.”

1 Article
Source: Fox News

Mexicans up in arms over plan to ban sale of cold beer from stores across capital

Thursday 21:50 GMT

On Wednesday, local politician Maria de Lourdes Paz Reyes proposed the ban of cold beers and other beverages with 7% or less alcoholic content in Mexico City's convenience and grocery stores.

The capital city known for its lax drinking laws could now face legal charges as the proposal moves forward to the Local Public Administration Commission for analysis and opinion.

1 Article
Source: Common Domain

Biosimilar competition to AbbVie’s Humira is eroding profits, but company says it has confidence in pipeline

Thursday 19:05 GMT

More in health-care earnings: Biogen says it will not give up on Alzheimer’s after failed trials. AbbVie executives sought to reassure investors during a Wednesday call that AbbVie’s pipeline will more than plug up any holes that biosimilar competition to Humira might leave.

Although domestic sales of AbbVie’s blockbuster drug rose 7.1% in the most recent quarter, Humira will also soon face biosimilar competition in the U.S., where it is set to lose patent protection in 2023.

1 Article
Source: Common Domain

Keith Haring’s Masterwork ‘Untitled’ Comes Up for Auction for the First Time

Thursday 12:40 GMT

Keith Haring’s Untitled (1983), a massive 10-square-foot acrylic-on-vinyl tarpaulin that conveys the social and artistic scene of the 1980s, is headlining Bonhams’ Post-War & Contemporary Art sale on May 15 in New York and is estimated to fetch a sale price in the seven-figure range.

“It is an honor to be presenting this extraordinary tarpaulin by Keith Haring to come to auction for the very first time,” Muys Snijders, head of Americas for Post-War & Contemporary Art for Bonhams, said in a release. “Untitled (1983) is a truly exceptional work by the artist—exuberant yet serious, striking and radiant.”

1 Article
Source: Global News

Sting announces Las Vegas residency

Thursday 09:55 GMT

To celebrate the release of his upcoming compilation album, My Songs, Sting (born Gordon Sumner) has announced an extensive Las Vegas residency at Caesars Palace in 2020.

I’m thrilled to announce that my brand new Las Vegas residency “Sting: My Songs” will be opening at the legendary Caesars Colosseum in May of 2020! The shows were announced by the Message in a Bottle singer via Twitter on Wednesday morning.

1 Article
Source: Common Domain

CMO Today: Trump and Harley Ride Again; Don’t Blame Gillette’s #MeToo Ad; TheSkimm Buys a Paid-Texting Platform

Thursday 17:16 GMT

President Trump last summer predicted the Harley brand’s demise (“the Aura will be gone”) and encouraged a boycott (“Great!”) if the company moved some production overseas to avoid EU tariffs. But after Harley reported a first-quarter plunge in profits yesterday, he promised to punish the EU: “We will Reciprocate!”

TheSkimm bought the tech behind the texting platform Purple, which lets creators charge subscribers directly for content delivered by text.

1 Article
Source: Common Domain

Chipotle earnings: Shares rally as digital ordering and delivery drive sales

Thursday 17:16 GMT

Chipotle Mexican Grill Inc. heads into its first-quarter earnings report, which is scheduled for Wednesday after the closing bell, with its stock up more than 34% over the past three months as digital initiatives drive sales at the fast-casual chain.

FactSet is guiding for a same-store sales increase of 7.4% for the quarter, but SunTrust Robinson Humphrey is expecting the rise to be even higher, 9.5%, thanks to digital sales, including delivery, a new advertising campaign and a new loyalty program.

1 Article
Source: Common Domain

AbbVie and Bristol-Myers Squibb will report first-quarter earnings on Thursday. Here’s what to expect

Thursday 17:16 GMT

Next up are AbbVie Inc. ABBV, +0.21%  and Bristol-Myers Squibb Co. BMY, -1.27%  Here’s what investors can expect on Thursday as these two pharmaceutical giants report first-quarter earnings.

Bristol-Myers Squibb, set to announce earnings on Thursday morning ahead of the market open, is expected to report a profit of $1.09 per share on revenue of $5.752 billion, up from 94 cents per share on revenue of $5.193 billion a year ago, according to analysts polled by FactSet.

1 Article
Source: Global News

Woodstock 50 ticket sales delayed, organizers say festival still going forward

Wednesday 23:40 GMT

Things are currently looking rocky for the organizers of the commemorative festival, specifically its founder and original Woodstock 1969 co-founder Michael Lang, as not a single ticket has been bought.

They did not release and I am not so ready for the accounting exam I have at 10:30 in the morning…. As of this writing, Lang has not yet revealed any additional information regarding ticket sales.

1 Article
Source: Common Domain

Logistics Report: Hyundai Seeking Alliances; Prices Passed Along; Flight-Ready Drones

Thursday 02:24 GMT

A string of big-name brands are reporting stronger quarterly sales, the WSJ’s Sharon Terlep reports, with several citing higher prices that are being passed down from retailers to consumers.

The WSJ Logistics Report’s Costas Paris writes Jae-hoon Bae faces an uphill climb with A.P. Moller-Maersk A/S and Mediterranean Shipping Co., the world’s two biggest container ship operators and managers of the alliance that counts HMM as only an associate member.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte