Business

Airbus takes $1.6 billion charge on A400M military plane

Airbus on Thursday took a brand-new 1.3 billion euro ($1.6 billion) hit on its A400M military transport plane, lifting charges on Europe’s troubled defense project above 8 billion euros as well as cloudinghigher-than-expected underlying profits. Europe’s largest aerospace group posted adjusted 2017 operating profit of 4.253 billion euros on revenues of 66.767 billion euros as well as predicted a 20 ...

Read More »

Disable ad blocker or let us mine cryptocurrency monero

U.S. online news publication Salon has adopted an unconventional alternative to ads to make money — using a reader’s computing power to mine cryptocurrency. News organizations rely on advertising revenue to make ends meet, as well as often advise against readers using ad blocking add-ons to support the running of the site. yet Salon, which can be owned by Salon ...

Read More »

Fossil shares soar 0 percent on earnings beat, better wearable sales

Shares of Fossil Group skyrocketed Wednesday, after the company reported earnings in addition to also sales which topped analysts’ estimates because of a surprise jump in demand for wearables. The stock rallied more than 0 percent by Wednesday afternoon, almost doubling in cost in addition to also trading around $17.50. Same-store sales climbed 2 percent inside the fourth quarter, Fossil ...

Read More »

US business inventories rise more than expected in December

U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers in addition to wholesalers. The Commerce Department said on Wednesday of which business inventories rose 0.4 percent after a similar gain in November. Economists polled by Reuters had forecast inventories, a key component of gross domestic product, rising 0.3 percent in ...

Read More »

Under Armour sales top estimates on international momentum

Under Armour shares soared more than 17 percent Tuesday morning after the company reported sales in which topped analysts’ expectations, fueled largely by growth outside of North America. Under Armour said total revenue within the fourth quarter climbed 5 percent to $1.37 billion. Analysts were expecting $1.31 billion, according to a Thomson Reuters survey. Sales in international markets jumped 47 ...

Read More »

Logan Paul channel doesn’t deserve to be taken down

YouTube star Logan Paul has not done anything that will could warrant his channel being taken down coming from the platform, the video-sharing website’s CEO said Monday. Susan Wojcicki was speaking at Recode’s Code Media conference in Huntington Beach, California. “We do terminate accounts all the time. We do have a three strikes rule, in addition to if somebody violates ...

Read More »