News 

Reckitt Benckiser sales rise, but growth misses views

“Consumer goods company Reckitt Benckiser Group PLC (RB.LN) said Friday that revenue for the first quarter of 2018 increased and affirmed its full-year guidance” writes Maryam Cockar for marketwatch.com. The company behind brands such as Cillit Bang cleaning products and Nurofen painkillers said it generated revenue of 3.11 billion pounds ($4.37 billion) in the quarter, compared with GBP2.64 billion in the same period a year earlier.FTSE 100-listed Reckitt said like-for-like revenue growth was 2% and on a proforma basis, when taking into account acquisitions, revenue growth was 3%.U.S.-based baby-milk producer…

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Markets News 

Apple, Nvidia shares fall after a key Asian chip partner gives weak guidance

“A major Asian chip manufacturer’s weaker than expected guidance for the June quarter is driving technology stocks lower” writes Stringer Anadolu Agency for cnbc.com. Taiwan Semiconductor Manufacturing (TSMC) on Thursday said its revenue forecast range for its second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. Source: cnbc.com Share This:

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News Stocks 

IBM sinks, with the stock on pace for its worst day since 2014

“IBM slumped more than 7 percent Wednesday, on pace for the stock’s worst day since October 2014, as analysts and investors balked at lower-than-expected adjusted margins” writes unknown author for cnbc.com. By midday, the stock was well into correction territory, more than 13 percent off its 52-week high.IBM does not change guidance estimates in the middle of the year and so reiterated full-year earnings per share guidance of at least $13.80, falling 3 cents below analyst estimates.”The bottom-line was helped by a one-time tax gain, so on an apples-to-apples basis,…

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Congress could repeal CFPB’s auto-lending guidance

“In October, the Government Accountability Office said the 2013 CFPB auto lending bulletin should be considered a rule subject to the Congressional Review Act, which means Congress has the power to revoke it” writes Hannah Lutz for autonews.com. If Congress passes the resolutions, Welch added, the CFPB could not reissue a new guidance in the same form without authorization by Congress, which would halt the push to limit or eliminate dealer reserve.The U.S. Senate is expected to vote in coming days on a resolution that would rescind the Consumer Financial…

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Greene King reassures by sticking with guidance against tough backdrop

“Greene King has stuck to its profit guidance, shrugging off any expectations of a downgrade, in what will come as a blow to short-sellers who had been circling the group” writes Jeremy Warner for telegraph.co.uk. Shares in Greene King rocketed 13.6pc on the trading update, adding almost £200m to its market capitalisation over the course of the day.Some had been expecting Greene King to follow peer Mitchells & Butlers and announce plans to ditch its dividend, given recent talk of difficult trading conditions in the pub industry, including higher business rates…

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WHAT’S APP DOC?: Patients Urged To Check Their Online GP Is Based In UK

“The guidance from the college comes as a growing number of online services are being made available” reports huffingtonpost.com. The new guidance comes from the Royal College of GPs (RCGP), which is also urging patients to question how much they know about the qualifications of the doctor advising them.Patients who use online GP consultations are being advised to check whether the medic they are consulting with is based in the UK. People who choose to use such services – frequently offered through mobile phone apps – have been told to…

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See the new guidance

“The guidance from the college comes as a growing number of online services are being made available” reports huffingtonpost.co.uk. The new guidance comes from the Royal College of GPs (RCGP), which is also urging patients to question how much they know about the qualifications of the doctor advising them.Patients who use online GP consultations are being advised to check whether the medic they are consulting with is based in the UK. People who choose to use such services – frequently offered through mobile phone apps – have been told to…

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News Stocks 

Stock-market bulls are looking for earnings to ride to the rescue

“For the first quarter, 52 S&P 500 companies have issued negative earnings guidance, while 53 have issued positive guidance, according to John Butters, senior earnings analyst at FactSet” writes Deputy Markets Editor for marketwatch.com. Overall, analysts and companies are looking for a strong earnings season, partly in response to the corporate tax cut signed into law in December.First-quarter earnings season gets under way in earnest on Thursday and Friday, with results from large banks including BlackRock Inc.Stock-market bulls are counting on earnings season to right a ship that has been…

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News Stocks 

Cloudera falls to its lowest level since going public

“Shares of cloud software company Cloudera fell more than 40 percent Wednesday to all-time lows after the company issued guidance that came in just below Wall Street estimates” writes Matthew Busch for cnbc.com. The company issued guidance Tuesday for the first quarter and fiscal year 2019 that fell just shy of Wall Street estimates for both revenue and earnings.The stock had shed roughly $1.25 billion in shareholder value by midday, despite beating analyst estimates for fourth-quarter earnings and revenue on Tuesday.Chief Financial Officer Jim Frankola said the company expected “uneven…

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Tesla upgraded to hold at Jefferies; analyst says company may ‘take more drastic action on guidance and funding’

“Tesla shares are down 4.4% over the past 12 months, while the S&P 500 SPX, -2.70% is up 12%” writes Emily Bary for marketwatch.com. Jefferies analyst Philippe Houchois upgraded Tesla Inc.Tesla shares are down 3.6% in premarket trading Monday after slipping 11.7% last week.”We consider a small possibility of Tesla releasing supportive data this week but mainly high probability that management and the Board will take more drastic action on guidance and funding to restore credibility,” Houchois wrote.TSLA, -4.44% shares to hold from underperform on Monday, ahead of the expected…

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