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Tuesday, July 25, 2017
Domino's delivers Street-beating sales and profit
(Reuters) - Domino's Pizza Inc reported better-than-expected quarterly revenue and profit, boosted by store openings, lower food costs and higher supply chain revenues from franchises.
Caterpillar beats estimates, bumps up forecast
(Reuters) - Caterpillar Inc reported quarterly profit and revenue that handily beat estimates, helped by strong demand for its construction equipment in China, and the company raised its outlook for the year, sending its shares up 5 percent.
General Motors quarterly profit falls
DETROIT (Reuters) - General Motors Co on Tuesday reported a lower quarterly net profit from continuing operations due to lower vehicle sales and restructuring charges, but results beat Wall Street expectations.
Fed and Trump keep dollar glum as Greece warms Europe
LONDON (Reuters) - The dollar sat at a more-than-one-year low while stocks climbed on Tuesday, as investors bet that subdued U.S. inflation and strains in Washington would limit Federal Reserve interest rate moves for the rest of the year.
Alphabet adds to cash pile despite higher costs, antitrust fine
SAN FRANCISCO (Reuters) - Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet.
Activist investor urges sale of Barnes & Noble
(Reuters) - Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself.
Uber ties up with AXA for drivers' accident cover in France
PARIS (Reuters) - Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment.
Oil extends gains as Saudi pledges export curbs
London (Reuters) - Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices.
Biogen profit smashes estimates on Spinraza demand
(Reuters) - Biogen Inc's second-quarter profit blew past estimates, driven by higher-than-expected demand for its recently approved spinal muscular atrophy (SMA) drug, Spinraza.
Citigroup hosts investors for first time since the financial crisis
NEW YORK (Reuters) - For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank.
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