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entertainmentNews reuters.com

'Black Panther' Smashes Records With $218 Million at Holiday Weekend Box Office

LOS ANGELES (Variety.com) - Disney-Marvel's "Black Panther" is heading for a super-heroic $218 million debut over the four-day President's Day weekend at 4,020 North American locations, estimates showed Sunday.

businessNews reuters.com

Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

NEW DELHI (Reuters) - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.

technologyNews reuters.com

Malicious cyber activity cost U.S. up to $109 billion in 2016: White House report

WASHINGTON (Reuters) - Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House Council of Economic Advisers estimated in a report on Friday.

businessNews reuters.com

Kraft Heinz quarterly profit, sales miss estimates

(Reuters) - Kraft Heinz Co's quarterly profit and sales missed analysts' estimates on Friday, hurt by lower shipments for nuts, natural cheese and cold cuts in the U.S.

companyNews reuters.com

UPDATE 1-BHP Billiton to drill two new deepwater wells in Trion this year

MEXICO CITY, Feb 15 (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.

businessNews reuters.com

CBS tops estimates as licensing business grows

(Reuters) - CBS Corp topped Wall Street's quarterly revenue and profit estimates on Thursday as U.S. and international distributors licensed more of its shows.

cnn.com

CDC: Flu vaccine just 36% effective this season

Flu season is still raging in the United States, yet already it ranks among the most difficult in recent years. One reason: This year's vaccine has been just 36% effective against both A and B virus strains, the US Centers for Disease Control and Prevention estimated in Thursday's Morbidity and Mortality Weekly Report.

businessNews reuters.com

CBS tops estimates on strong licensing revenue

(Reuters) - Media company CBS Corp CBS.N, which is exploring a merger with Viacom Inc , topped quarterly revenue and profit estimates on Thursday, driven by strong growth in domestic and international licensing sales.

businessNews reuters.com

Cisco tops estimates as turnaround takes center stage

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker's years-long efforts to transform into a software-focused company begins to pay off.

technologyNews reuters.com

Applied Materials first-quarter results, current-quarter forecast beat on chip demand

(Reuters) - Applied Materials Inc reported first-quarter profit and revenue above Wall Street estimates as the world's largest semiconductor equipment maker benefited from higher demand for flat panel displays and chips used in electronic items.

businessNews reuters.com

Cisco beats estimates, boosts buyback program by $25 billion

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.

technologyNews reuters.com

Applied Materials profit, revenue top estimates on higher chip demand

(Reuters) - Applied Materials Inc , the world's largest supplier of tools for chipmakers, reported first-quarter profit and revenue above Wall Street estimates, driven by higher demand for flat panel displays and chips used in electronic items.

cnn.com

Trump's military parade would cost between $10M and $30M, Mulvaney says

Budget director Mick Mulvaney said Wednesday that he has seen estimates that a potential military parade requested by President Donald Trump could cost between $10 million and $30 million.

companyNews reuters.com

UPDATE 1-Teck Resources Q4 adjusted profit in line with estimates

TORONTO, Feb 14 (Reuters) - Canada's Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported an in-line fourth-quarter adjusted profit as lower operating costs helped offset a fall in sales of metallurgical coal.

companyNews reuters.com

UPDATE 1-Coca-Cola HBC beats estimates, sees growth ahead

* Shares up more than 3 pct (Adds details on outlook, pricing, share move)

environmentNews reuters.com

India's $230 million plan to stop crop burning that pollutes Delhi falls short of estimates

NEW DELHI (Reuters) - The Indian government's plan to spend $230 million over two years to prevent crop residue burning is below the spending estimates of its policy advisors for the task and may do little to cut the air pollution that envelops the capital region of Delhi.

technologyNews reuters.com

China's Baidu tops revenue and profit estimates, shares rise

(Reuters) - China's Baidu Inc reported on Tuesday quarterly profit and revenue that beat analysts' estimates, powered by strong performances of its search and newsfeed services.

businessNews reuters.com

Under Armour revenue beats estimates, shares jump

(Reuters) - Under Armour Inc beat analysts' estimates for fourth-quarter revenue on Tuesday, as it sold more footwear and apparel through its own stores and online.

environmentNews reuters.com

South Africa's drought-stricken Cape Town pushes back 'Day Zero' to June 4

JOHANNESBURG (Reuters) - South Africa's drought-stricken city of Cape Town has pushed back its estimate for "Day Zero," when residents will have to start queuing for water, to June 4 from May 11 due to a decline in water usage, the city's deputy mayor said on Tuesday.

businessNews reuters.com

PepsiCo beats sales estimates on snacks boost

(Reuters) - PepsiCo Inc's sales topped Wall Street forecasts in the fourth quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in sales of sugary drinks.

companyNews reuters.com

Oil prices firm as global stock markets rebound

* API to report storage estimates on Tuesday, EIA on Wednesday

healthNews reuters.com

U.S. budget deal grants $1.5 billion for drug-affected babies, families

WASHINGTON (Reuters) - A U.S. budget deal adopted by Congress on Friday includes what advocates call a landmark compromise to provide an estimated $1.5 billion over 10 years to try to keep struggling families together, including those with babies born dependent on opioids.

healthNews reuters.com

U.S. budget deals grants $1.5 billion for opioid-addicted babies, families

WASHINGTON (Reuters) - A U.S. budget deal adopted by Congress on Friday includes what advocates call a landmark compromise to provide an estimated $1.5 billion over 10 years to try to keep struggling families together, including those with babies born dependent on opioids.

technologyNews reuters.com

Expedia shares tumble as quarterly profit misses on higher costs

(Reuters) - U.S. online travel services company Expedia Inc missed analysts' quarterly profit estimate on higher marketing expenses, sending its shares tumbling 15 percent in after-hours trading on Thursday.

companyNews reuters.com

UPDATE 1-Expedia quarterly profit misses as costs jump

Feb 8 (Reuters) - U.S. online travel services company Expedia Inc missed analysts' quarterly profit estimate on higher marketing expenses, sending its shares tumbling 15 percent in after-hours trading on Thursday.

companyNews reuters.com

UPDATE 2-Viacom misses revenue estimates as U.S ad, affiliate sales drop

Feb 8 (Reuters) - Viacom Inc, which is exploring a merger with CBS Corp, missed analyst forecasts for quarterly revenue on Thursday due to steep declines in U.S. advertising and sales through cable and satellite companies.

healthNews reuters.com

Regeneron profit beats estimates on strong sales of key drugs

(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals Inc's quarterly profit and revenue beat estimates, helped by strong demand for its new eczema drug Dupixent and its flagship eye treatment Eylea.

topNews reuters.com

Pence says U.S. wants peaceful solution to North Korea crisis, but warns not to underestimate U.S.

TOKYO (Reuters) - U.S. Vice President Mike Pence said on Thursday the United States wants to peacefully dismantle North Korea's nuclear program but warned Pyongyang not to underestimate U.S. military strength or resolve.

PersonalFinance reuters.com

Prudential Financial's operating profit rises 7.6 percent

(Reuters) - Prudential Financial Inc, the largest U.S. life insurer by assets, on Wednesday reported a 7.6 percent rise in quarterly operating profit that topped analysts' estimates, helped by higher...

businessNews reuters.com

Twenty-First Century Fox tops profit estimates as cable shines

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc's quarterly profit and revenue trounced analysts' estimates on Wednesday, driven by higher sales through cable and satellite companies.

businessNews reuters.com

Zynga beats bookings estimate as 'Words With Friends 2', 'CSR Racing 2' deliver

(Reuters) - Zynga Inc, creator of the once popular online game "FarmVille", reported fourth-quarter bookings above analysts' estimate, driven by the success of its mobile games such as "Words With Friends 2" and "CSR Racing 2".

cnn.com

Opinion: Why this upheaval was inevitable

The sharp plunge in stock markets around the world earlier this week tells us that major central banks, with the US Federal Reserve at the forefront, have severely underestimated the risk of keeping interest rates too low for too long. Now that markets expect higher rates -- due to improved economic growth, higher inflation, growing fiscal deficits, and the unwinding of central bank balance sheets -- it has become clear that monetary stimulus created a pseudo wealth effect, and that suppressing interest rates by unconventional policy to spur risk-taking and pump up asset prices was itself a risky strategy.

Pregnancy and Childbirth nytimes.com

Far More U.S. Children Than Previously Thought May Have Fetal Alcohol Disorders

New research estimates that neurological disorders caused by mothers drinking during pregnancy are at least as common as autism.

technologyNews reuters.com

Akamai revenue, profit top estimates on robust cloud demand

(Reuters) - Akamai Technologies Inc's profit and revenue topped analysts' estimates on Tuesday, and the company said it had cut about 400 positions, or 5 percent of its global workforce.

businessNews reuters.com

Disney profit beats estimate on strength in parks business

(Reuters) - Walt Disney Co reported on Tuesday a quarterly profit that beat Wall Street forecasts as theme park crowds made up for declines at broadcast and cable television.

technologyNews reuters.com

Akamai revenue, profit top estimates as cloud soars

(Reuters) - Akamai Technologies Inc's profit and revenue topped estimates on Tuesday as an aggressive push into cloud security helped offset a decline in its traditional business of speeding up content delivery through the web.

politicsNews reuters.com

U.S. senators concerned Trump's Afghanistan strategy will not succeed

WASHINGTON (Reuters) - Republican and Democratic senators on Tuesday questioned whether President Donald Trump's strategy in Afghanistan will bring an end to the nation's longest war, which U.S. officials estimated will cost taxpayers more than $45 billion this year.

companyNews reuters.com

Dunkin' Brands profit, sales beat targets amid price war

LOS ANGELES, Feb 6 (Reuters) - Dunkin' Brands Group Inc on Tuesday reported quarterly profit that topped analyst estimates as revenue came in stronger than expected amid a bitter fast-food price war.

companyNews reuters.com

UPDATE 3-Arconic 2018 profit, cash flow estimates miss; shares fall

* Sees 2018 adj earnings of $1.45 to $1.55/shr vs est $1.60/shr

environmentNews reuters.com

Drought-stricken Cape Town pushes back 'Day Zero' to May 11

CAPE TOWN (Reuters) - South Africa's drought-stricken city of Cape Town has pushed back its estimate for "Day Zero," when residents will have to start queuing for water, to May 11 from April 16, authorities said on Monday, citing a decline in agricultural water usage.

businessNews reuters.com

In Australia, Amazon is still finding its way

SYDNEY (Reuters) - When Kiri Pomery ordered a red Santa Claus hat from Amazon.com Inc's new Australian operation, the estimated delivery time to her address in outback Western Australia seemed too good to be true.

cnn.com

The plight of China's left-behind kids

For more than three years, photographer Ren Shichen has traveled across China taking portraits of the country's left-behind children -- some of the estimated nine million young kids that are currently growing up without Mom or Dad in China.

technologyNews reuters.com

Sprint beats on quarterly revenue, raises outlook; shares jump

NEW YORK (Reuters) - Sprint Corp reported quarterly revenue on Friday that beat analyst estimates, as the No. 4 U.S. wireless carrier raised its free cash flow outlook for the 2017 fiscal year.

healthNews reuters.com

India's 'Modicare' to cost about $1.7 billion a year: sources

NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi's plan to provide health insurance for about half the country's population would require an estimated 110 billion rupees ($1.7 billion) in federal and state funding each year, sources familiar with the matter said.

businessNews reuters.com

Weaker estimates cast shadow over Visa's profit beat

(Reuters) - Visa Inc reported a better-than-expected quarterly profit on Thursday, joining smaller rival Mastercard, as a solid holiday shopping season boosted transactions on its payment network.

businessNews reuters.com

Alphabet's earnings miss profit estimates as spending grows

(Reuters) - Google parent Alphabet Inc missed quarterly profit forecasts despite surprisingly strong sales as higher expenses offset growing demand for pricey ads on mobile apps, the U.S. technology company said on Thursday.

businessNews reuters.com

Amazon's results beat estimates on holiday season boost

(Reuters) - Amazon.com Inc on Thursday said its sales surged over the winter holiday season and profit topped expectations, as the online retailer drew millions of new customers to its Prime fast-shipping club and as changes to U.S. tax law added to its bottom line.

businessNews reuters.com

Apple's second-quarter revenue forecast misses estimates, shares fall

(Reuters) - Apple Inc's revenue forecast for the second quarter on Thursday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X.

entertainmentNews reuters.com

Time Warner beats estimates on HBO growth

(Reuters) - Time Warner Inc, which is in the process of being bought by AT&T Inc, reported better-than-expected quarterly profit and revenue on Thursday, powered by the success of its premium HBO channel.

entertainmentNews reuters.com

Time Warner beats estimates on "Justice League" success

(Reuters) - Time Warner Inc, which is in the process of being bought by AT&T Inc, reported better-than-expected quarterly profit and revenue on Thursday, powered by the success of its latest superhero movie "Justice League."

companyNews reuters.com

CORRECTED-UPDATE 1-Boston Scientific's sales beat, forecasts 2018 revenue above estimates

Feb 1 (Reuters) - Boston Scientific Corp on Thursday forecast better-than-expected 2018 revenue after the medical device maker's fourth-quarter sales beat Wall Street estimates on higher sales in its cardiac rhythm management unit.

companyNews reuters.com

UPDATE 2-Baxter sees strong 2018, says Puerto Rico business ramp up to be over soon

Feb 1 (Reuters) - Baxter International Inc forecast 2018 earnings largely above Wall Street estimates as the hospital products maker ramps up production at its Puerto Rico facilities impacted by Hurricane Maria.

businessNews reuters.com

Time Warner beats estimates on 'Justice League' success

(Reuters) - Time Warner Inc, which is in the process of being bought by AT&T Inc, reported better-than-expected quarterly profit and revenue on Thursday, powered by the success of its latest superhero movie "Justice League".

topNews reuters.com

Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

(Reuters) - Chipmaker Qualcomm Inc's profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts' estimates due to tepid mobile sales in China.

companyNews reuters.com

REFILE-UPDATE 3-Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

Jan 31 (Reuters) - Chipmaker Qualcomm Inc's profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts' estimates due to tepid mobile sales in China.

businessNews reuters.com

AT&T profit beats, CEO upbeat on Time Warner deal

NEW YORK (Reuters) - AT&T Inc reported quarterly profit that beat analysts' estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc .

businessNews reuters.com

Oreo maker Mondelez's profit beats on higher demand for key brands

(Reuters) - Mondelez International Inc , the world's No. 2 confectionary company, posted a quarterly profit that beat estimates on Wednesday, benefiting from strong demand for Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets.

businessNews reuters.com

AT&T quarterly profit tops estimates, shares rise

NEW YORK (Reuters) - AT&T Inc said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions.

technologyNews reuters.com

Symantec's revenue misses estimates as enterprise segment sales fall

(Reuters) - Symantec Corp's quarterly revenue missed estimates, hurt by lower sales at its enterprise security division, and the company lowered its profit and revenue forecast for 2018.

technologyNews reuters.com

PayPal's fourth-quarter profit beats estimates, but forecast disappoints

(Reuters) - Payments processor PayPal Holdings Inc's fourth-quarter profit topped analysts' forecasts on strength in its merchant services business, but the company gave a disappointing forecast for first-quarter earnings, sending its shares lower.

businessNews reuters.com

Mondelez's profit beats on higher demand for key brands

(Reuters) - Mondelez International Inc's quarterly profit beat analysts' estimates, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets.

businessNews reuters.com

Qualcomm's earnings top estimates as modem chip sales surge

(Reuters) - Chipmaker Qualcomm Inc's earnings and revenue topped Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue.

environmentNews reuters.com

California insurance dept estimates nearly $12 billion in wildfires claims

(Reuters) - Insurers have received nearly 45,000 insurance claims of about $11.79 billion in losses from the wildfires that occurred in California in October and December, the California Department of Insurance said on Wednesday.

companyNews reuters.com

UPDATE 3-Lilly beats estimates; shares fall on diabetes, animal health concerns

* Shares fall 4 pct (Updates with details about diabetes drugs, animal health unit, analyst quote)

businessNews reuters.com

Boeing forecasts sharp rise in profit, jet output in 2018

NEW YORK (Reuters) - Boeing Co on Wednesday forecast full-year profit well above Wall Street estimates as it expects its busiest year ever for plane deliveries, sending its shares up more than 5 percent in pre-market trading.

technologyNews reuters.com

Steered by Switch, Nintendo posts best third quarter in eight years, ups outlook

OSAKA (Reuters) - Japanese videogames maker Nintendo Co Ltd reported its biggest third-quarter operating profit in eight years, driven by smashing demand for its new Switch games console, and said it now expects annual earnings to outstrip its previous estimate.

businessNews reuters.com

Pfizer sees upbeat 2018 on lower tax rate, shares dip after highs

(Reuters) - Pfizer Inc forecast 2018 profit and revenue well ahead of analysts' estimates on Tuesday as it expects to benefit from reduced tax rate following the recent changes to the U.S. tax code, and recorded an $11 billion gain from the overhaul.

businessNews reuters.com

Pfizer profit tops estimates, books $11 billion tax gain

(Reuters) - Pfizer Inc beat analysts' estimate for adjusted profit on Tuesday, helped by strong demand for its pneumonia vaccine Prevnar and rheumatoid arthritis drug Xeljanz, while reporting an $11 billion gain from the new tax law.

politicsNews reuters.com

U.S. budget deficit to top $1-trillion in 2019: budget experts

WASHINGTON (Reuters) - As the U.S. Congress limps toward the likely passage next week of another stopgap spending bill to avert a government shutdown, a Washington think tank has estimated the federal budget deficit is on track to blow through $1 trillion in 2019.

environmentNews reuters.com

River Seine levels rise further as Paris braces for flood risk

PARIS (Reuters) - The levels of the River Seine in Paris rose further on Saturday and were set to hit a peak this weekend, according to official estimates, and French authorities were on standby for any major flooding risk.

companyNews reuters.com

BRIEF-Associated Capital Group Reports Q4 Results

* ASSOCIATED CAPITAL GROUP, INC. REPORTS ESTIMATED FULL YEAR AND FOURTH QUARTER RESULTS

companyNews reuters.com

Och-Ziff hedge fund rebounds but succession, other issues linger

NEW YORK, Jan 26 (Reuters) - Och-Ziff Capital Management Group LLC rode bets on Asian stocks and U.S. corporate mergers to strong returns in 2017 - its best showing in years - but remained challenged by succession planning, declining assets and a stagnant stock price. Its flagship hedge fund, the OZ Master Fund Ltd, gained an estimated 10.4 percent net of fees in 2017, according to a letter sent to investors this week seen by Reuters. That was better than its historical average of 8.86 percent,

businessNews reuters.com

Colgate's quarterly sales fall short of estimates

(Reuters) - Colgate-Palmolive Co reported lower-than-expected quarterly sales on Friday along with a drop in profit for a charge related to the new U.S. tax law, driving shares of the world's largest toothpaste maker 4 percent lower.

companyNews reuters.com

BRIEF-North American Palladium Produced 201,592 Oz in 2017

* NORTH AMERICAN PALLADIUM SURPASSES 2017 PRODUCTION ESTIMATES AND ANNOUNCES 2018 GUIDANCE AND THE FOURTH QUARTER 2017 RELEASE DATE

businessNews reuters.com

Colgate-Palmolive quarterly sales miss estimates

(Reuters) - Colgate-Palmolive Co reported on Friday lower -than-expected sales on slower growth and a drop in profit on a charge related to the new U.S. tax law.

companyNews reuters.com

UPDATE 1-Colgate-Palmolive quarterly sales miss estimates

Jan 26 (Reuters) - Colgate-Palmolive Co reported on Friday lower -than-expected sales on slower growth and a drop in profit on a charge related to the new U.S. tax law.

businessNews reuters.com

Honeywell results beat, raises 2018 profit forecast

(Reuters) - U.S. industrial conglomerate Honeywell International Inc's adjusted earnings narrowly beat estimates on Friday and the company raised its forecast for 2018 profit, citing lower tax rates.

United States Economy nytimes.com

G.D.P. Report on Friday: An Economic Scorecard

Many analysts expect the estimate of economic growth to hit 3 percent for the third-straight quarter, a post-recession milestone.

companyNews reuters.com

BRIEF-TSMC Says Estimated Investment In 5-Nanometer Technology At About T$700 Bln

Jan 26 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd :

businessNews reuters.com

Intel results beat estimates, warns of potential security flaw fallout

(Reuters) - Intel Corp on Thursday gave a bullish forecast and blew past Wall Street profit and revenue expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.

businessNews reuters.com

Intel results beat estimates on data center growth

(Reuters) - Intel Corp on Thursday blew past Wall Street profit and revenue expectations for the fourth quarter on the strength of record-breaking sales to data center customers, even as it warned investors for the first time that fallout from security flaws found it is chips could hurt its future results and customer relationships.

technologyNews reuters.com

Intuitive Surgical tops profit estimates as robot sales rise

(Reuters) - Intuitive Surgical Inc topped analysts' forecasts for fourth-quarter earnings on Thursday, helped by strong demand for its robotic systems used in surgeries.

companyNews reuters.com

UPDATE 1-PerkinElmer profit, 2018 forecast top Wall Street estimates

Jan 25 (Reuters) - Laboratory equipment maker PerkinElmer Inc on Thursday reported higher-than-expected fourth quarter sales and profit and issued an initial 2018 earnings forecast that surpassed Wall Street estimates.

technologyNews reuters.com

Western Digital's revenue growth slightly tops estimates

(Reuters) - Western Digital Corp reported a slightly better-than-expected 9.2 percent jump in quarterly revenue on Thursday, as it benefited from healthy pricing for NAND memory chips and strong demand for memory chips used in PCs and smartphones.

companyNews reuters.com

UPDATE 1-Intuitive Surgical tops profit estimates as robot sales rise

Jan 25 (Reuters) - Intuitive Surgical Inc topped analysts' forecasts for fourth-quarter earnings on Thursday, helped by strong demand for its robotic systems used in surgeries.

businessNews reuters.com

Caterpillar beats estimates on buoyant global demand

(Reuters) - Caterpillar Inc's profit topped Wall Street forecasts for the seventh straight quarter on Thursday as equipment sales surged 35 percent on strong global demand for construction, mining and energy machines.

cnn.com

Fossil discovery rewrites human history

Scientists have discovered the oldest known modern human fossil outside of Africa, estimated to be between 177,000 and 194,000 years old, according to a new study in the journal Science. The fossil of an upper jawbone that included several teeth was found in a prehistoric cave site, Misliya Cave, in Israel. Stone tools were also recovered at the site.

companyNews reuters.com

UPDATE 4-Caterpillar beats estimates on buoyant global demand

(Recasts; adds details, management and analyst comments and updates shares) By Rajesh Kumar Singh and Rachit Vats Jan 25 (Reuters) - Caterpillar Inc's profit topped Wall Street forecasts for the seventh straight quarter on Thursday as equipment sales surged 35 percent on strong global demand for construction, mining and energy machines. The world's largest heavy-duty equipment maker, which serves as a bellwether for global economic activity, is benefiting from a global econo

companyNews reuters.com

UPDATE 3-Caterpillar beats estimates on buoyant global demand

(Adds share price movement) By Rajesh Kumar Singh and Rachit Vats Jan 25 (Reuters) - Caterpillar Inc's profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Its shares, however, reversed course after opening higher as investors took out profits in a stock that has risen around 80 percent in the past year. Shares in the world's largest hea

businessNews reuters.com

Caterpillar profit beats estimates on buoyant global demand

(Reuters) - Caterpillar Inc's profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales.

companyNews reuters.com

UPDATE 2-Caterpillar profit beats estimates on buoyant global demand

(Adds details on company profit forecast, analyst comment, background on markets, early stock reaction) By Rajesh Kumar Singh and Rachit Vats Jan 25 (Reuters) - Caterpillar Inc's profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Caterpillar said it saw "positive economic indicators across most of the world." It forecast stronger home and

businessNews reuters.com

Caterpillar profit beats estimates as sales surge 35 percent

(Reuters) - Caterpillar Inc beat estimates for fourth-quarter profit on Thursday as revenues surged 35 percent compared to a year earlier on the back of strong global demand for its construction and mining equipment.

companyNews reuters.com

Caterpillar profit beats estimates as sales surge 35 pct

Jan 25 (Reuters) - Caterpillar Inc beat estimates for fourth-quarter profit on Thursday as revenues surged 35 percent compared to a year earlier on the back of strong global demand for its construction and mining equipment. The company also said it took a $2.4 billion charge related to recent U.S. tax changes, widening its net loss before adjustments to $1.30 billion, or $2.18 per share, from $1.17 billion, or $2.00 per share, a year earlier. (Reporting by Rachit

businessNews reuters.com

Whirlpool profit forecast misses estimates, despite tariffs boost

(Reuters) - Whirlpool Corp's revenue growth unexpectedly slowed in the fourth quarter, and the home appliance maker's full-year profit forecast fell short of market expectations, sending its shares down in trading after the bell on Wednesday.

businessNews reuters.com

Whirlpool's full-year profit forecast misses estimate

(Reuters) - Whirlpool Corp posted a steep slowdown in sales for the fourth quarter and its full-year profit forecast fell short of market expectations as the home appliances maker struggles with higher costs of raw material such as steel.

companyNews reuters.com

REFILE-UPDATE 2-Royal Caribbean hits record high on upbeat results, lifts rivals

Jan 24 (Reuters) - Royal Caribbean Cruises reported fourth-quarter results that beat Wall Street estimates, helped by higher on-board spending and lower cruise operating expenses in the crucial holiday season.

companyNews reuters.com

UPDATE 3-GE's Baker Hughes adjusted profit beats on higher N.America demand

Jan 24 (Reuters) - General Electric's oilfield services company Baker Hughes reported fourth-quarter revenue on Wednesday that beat analyst estimates and profit that modestly exceeded forecasts as growing U.S. oil production spurred demand for its products.

companyNews reuters.com

UPDATE 2-Rockwell Automation expects new tax law to spur demand

Jan 24 (Reuters) - Rockwell Automation Inc posted quarterly revenue slightly shy of estimates, but said sales could get a fillip from the impact of the new tax law on its customers' investment decisions.

cnn.com

Opinion: A huge step backward on opioids

The latest statistics on the overdose crisis -- roughly 64,000 deaths in the United States in 2016 -- also reveal that fentanyl and other synthetic opioids are now the driving force behind US overdose deaths. Fentanyl is an opioid estimated to be 50 to 100 times more powerful than morphine, and it's often added to heroin to increase its potency.

companyNews reuters.com

UPDATE 2-Comcast beats profit estimates even as it loses video subscribers

NEW YORK, Jan 24 (Reuters) - Comcast Corp's adjusted quarterly profit topped analyst estimates on Wednesday, helped by more high-speed internet customers and higher theme park revenue.