Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. The company also said it added 442,000 new high-speed internet customers, surpassing expectations for 378,000 net adds. Comcast said that big beat was its best for a fourth quarter in five years. Comcast CEO Brian Roberts announced the company is
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An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came in slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth,Texas-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up
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NEW DELHI: India is likely to fund roughly $28 billion of its expenditure outlay in its budget for fiscal 2020/21 via off-budget borrowings, three government sources said, as it seeks to revive a sagging economy while keeping its fiscal deficit in check. Prime Minister Narendra Modi’s government is under pressure to increase spending on rural
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Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines‘ fourth-quarter earnings beat analysts’ estimates, despite taking a revenue hit from the ongoing grounding of the Boeing 737 Max. The Dallas-based
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A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
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DAVOS: Asserting that the Indian economy is well-poised to take off, Union minister Piyush Goyal on Thursday said there is a lot of enthusiasm for making investments in the country. Speaking at a session at the World Economic Forum (WEF) annual summit here, the Commerce and Industry Minister also said the government will hold discussions
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Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson on Wednesday reported fiscal fourth-quarter profit that beat Wall Street’s expectations but missed slightly on revenue. J&J’s stock fell by about 1.6% just before the opening bell. “We delivered strong underlying sales and earnings growth in 2019, driven by the strength
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InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is largely exposed to threats to international travel. InterContinental’s Asia Pacific revenue was down 27% year-over-year
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A month after finance minister Nirmala Sitharaman hinted at reform in personal income tax, speculation is rife that the government will cut income-tax rates in the coming Budget. This would be ill-timed, given the huge shortfall in revenues after the steep cut in corporate tax that would take a while to work through the system.
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“We have contact,” revealed the ranger to the seven wildlife enthusiasts standing at the foot of Mount Sabyinyo, an extinct volcano in the Rwandan Virunga Mountains. An excited murmur spread through the group as they stood waiting in the morning sun. “Let’s go,” said a porter, as he climbed over the stone fence. The tourists
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DAVOS: India on Wednesday joined as a founding government member the World Economic Forum‘s Reskilling Revolution, an initiative to provide one billion people with better education, skills and jobs by 2030. The scheme aims to future-proof workers from technological change and help economies by providing new skills for the Fourth Industrial Revolution, the WEF said.
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CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns about competition in its Q4 2019 earnings report, but subscriber numbers don’t lie. Netflix wrote
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