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JNJ Tops Q4 EPS View, Plans Divesting Diabetes Business

  The stock of FMCG giant Johnson & Johnson (NYSE: JNJ) closed at $113.09 on Monday. Since January 10th, the stock has lost about 4%. Analysts attribute the lower-than-expected fiscal 2016 fourth-quarter revenue for the decline in the share price.

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Change in Reporting Format Aids Yahoo to Beat 4Q16 View

  The beleaguered search engine provider Yahoo! Inc (NASDAQ: YHOO), which entered into an agreement to sell itself to Verizon (VZ) in July 2016, reported fiscal 2016 fourth-quarter results that surpassed analysts’ estimates. At the outset it looks as if

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Aussie Loses Sheen as Carry Trade Currency

  The Euro zone registered a 0.3% economic expansion in the third-quarter of 2016. Although the growth is feeble, still, it inspired confidence about the Euro zone’s economic recovery. This enabled the Euro dollar to strengthen against the Greenback and

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3M Beats Q4 Earnings View, Reaffirms FY17 EPS Outlook

  In spite of facing headwinds from a strong US dollar, 3M Company (NYSE: MMM), the manufacturer of Post-it products, reported fiscal 2016 fourth-quarter earnings above analysts’ estimates. However, the revenues were marginally below the Wall Street consensus. This gave

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Soft Crude Price and High Inflation Rate Turns Ruble Weak

  The crude oil production cut agreement between OPEC and other oil producing countries, including Russia, strengthened the Ruble against the Greenback. The Ruble was one of those few currencies, which were able to resist the “Trump” rally that pushed

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Amex Outlook Positive Despite Falling Short on Q4 2016

  Last week, credit card issuer American Express Company (NYSE: AXP) reported a 4% y-o-y decline in the fiscal 2016 fourth-quarter revenues, compared with a similar quarter last year. However, on Monday, the stock closed at $75.95, which is just

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Margins Rise as P&G Beat 2Q17 Estimates

  The stock of consumer goods company Procter & Gamble Co (NYSE: PG) gained 3.75% or $2.75 to close at $87.45 on last Friday. It was the day when the company reported fiscal 2017 second-quarter results that surpassed analysts’ estimates.

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Hint of Rate Cut by BOC Keeps Canadian Dollar Weak

  The weakness seen in the price of crude oil pushed the Canadian dollar lower against the Greenback and other major currencies. On the other hand, the Greenback continued to lose ground against the Japanese Yen following a two month

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Boeing Signals Weakness on Concerns of Margin Pressure

  The stock of the Boeing Company (NYSE: BA) closed at $15.. on Wednesday. This translates to a gain of about 15% since November 1, 2016. The company reported fiscal 2016 third-quarter non-GAAP earnings of $2.194 billion or $3.51 per

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Euro Signals Uptrend on Signs of Economic Recovery in EU

  The Euro was pushed lower against its rivals when Mario Draghi, the President of the ECB, announced an extension to the quantitative easing program in December 2016. One of the currencies which immediately strengthened following the announcement was the

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