Richmond Newswire (Page 3)

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Results 41 - 60 of 65 for "u:bloomberg.com" in Richmond, VA

  1. Genworth Delays Results of Reserves Review; Shares DeclineRead the original story

    Dec 17, 2014 | The Washington Post

    "While our original intent was to communicate results in December, the review is taking longer than previously anticipated," Tom McInerney, chief executive officer of the Richmond, Virginia-based insurer, said today in a statement. McInerney is under pressure to provide clarity on costs after announcing a record quarterly loss on Nov. 5 tied to a review of long-term care claims that found a $531 million reserve shortfall.

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  2. FedEx Falls Most in 11 Months as Annual Outlook UnchangedRead the original story

    Dec 17, 2014 | The Washington Post

    "It's about this low bar for 2015 that everybody perceived would be raised," Stephen Hoedt, an analyst with Key Private Bank, which holds FedEx shares. "It's got people saying, 'What's going on, why can't you raise your earnings forecast?' That's where the rubber is meeting the road with trading today."

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  3. FedEx Falls as Profit Too Small for Analysts' Higher EstimatesRead the original story

    Dec 17, 2014 | The Washington Post

    FedEx Corp. fell in U.S. trading after posting a quarterly profit that trailed estimates from analysts who had predicted bigger savings from the global collapse in fuel prices. Profit of $2.14 a share missed the $2.25 average in a survey by Bloomberg, a projection that rose in recent weeks on expectations of lower spending on diesel and jet kerosene.

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  4. Samsung Files Complaint to Block Nvidia Chips From U.S.Read the original story

    Nov 21, 2014 | Bloomberg

    Samsung Electronics Co. is seeking to block computer-graphics chips made by Nvidia Corp. from the U.S. market, escalating a battle begun after licensing talks failed.

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  5. Dollar Rally Sparks Record Hedge Demand in ETF Boon: CurrenciesRead the original story

    Nov 21, 2014 | Bloomberg

    As strategists forecast the dollar's world-beating rally to extend through 2015, U.S. investors are pouring record amounts of cash into funds that protect them against the losing side of the trade. Assets invested in U.S. exchange-traded funds that hedge currency risk grew 18 percent since September to $21.2 billion, data compiled by Bloomberg show.

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  6. Montana Legalizes Gay Marriage, South Carolina to FollowRead the original story

    Nov 19, 2014 | Bloomberg

    Montana became the 34th U.S. state to legalize gay marriage after a federal judge ruled same-sex couples have a constitutional right to wed, continuing a rapid trend set to be followed tomorrow by South Carolina . A ruling overturning Montana's decade-old ban on gay marriage was handed down today in Great Falls by U.S. District Judge Brian Morris, who held that the need to protect same-sex families and their children outweighs the potential displeasure of residents who voted for the 2004 amendment.

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  7. Paulson Said to Exit Genworth Before Shares PlungedRead the original story

    Nov 7, 2014 | Bloomberg

    John Paulson , the billionaire hedge- fund manager , exited a stake in Genworth Financial Inc. before the insurer reported a record loss, according to a person familiar with the matter. Paulson ended his investment by Sept.

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  8. Challenge to Obamacare Gets U.S. Supreme Court ReviewRead the original story w/Photo

    Nov 7, 2014 | Bloomberg

    The U.S. Supreme Court agreed to consider a challenge to the subsidies that are a linchpin of President Barack Obama's health-care overhaul, accepting a case that suddenly puts the law under a new legal cloud. Two years after upholding much of the law by a single vote, the justices today said they will hear a Republican-backed appeal targeting tax credits that have helped more than 4 million people afford insurance.

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  9. Genworth Says Junk Status to Pressure McInerney's TurnaroundRead the original story

    Nov 7, 2014 | The Washington Post

    Genworth Financial Inc. said sales of some products will be pressured and borrowing costs may rise after the insurer was cut to junk following a record loss. The company's bonds and stock declined.

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  10. Genworth Says Junk Status to Pressure TurnaroundRead the original story

    Nov 7, 2014 | Bloomberg

    Genworth Financial Inc. said sales of some products will be pressured and borrowing costs may rise after the insurer was cut to junk following a record loss. "We are disappointed that certain rating agencies took negative actions," Chief Executive Officer Tom McInerney said in a statement late yesterday.

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  11. "The U.S. Supreme Court will have the final word on this issue."Read the original story w/Photo

    Nov 6, 2014 | Bloomberg

    Gay couples have no fundamental right to marry, a federal appeals court said, reversing rulings from four Midwestern states and potentially forcing the U.S. Supreme Court to settle the same-sex marriage debate. The 2-1 decision by the U.S. Court of Appeals in Cincinnati comes a month after the nation's highest court declined to review cases arising from appellate panels in Denver, Chicago and Richmond, Virginia, each of which affirmed lower-court rulings that same-sex marriage is a right under the U.S. Constitution.

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  12. Genworth Posts $844 Million Loss on Long-Term Care ShortfallRead the original story

    Nov 5, 2014 | The Washington Post

    Genworth Financial Inc., the largest U.S. provider of long-term care insurance, posted its first loss since 2011 after the company determined that reserves for the coverage were inadequate. The company slumped 10 percent in extended trading.

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  13. Frederic Dickson, Chief Strategist at D.A. Davidson, Dies at 68Read the original story

    Oct 31, 2014 | Bloomberg

    Frederic Dickson, who helped oversee $45 billion as the chief investment strategist at D.A. Davidson Cos., which bills itself as the largest investment firm based in the U.S. northwest, has died. He was 68. He died on Oct. 30 in Baltimore, according to Jacquie Burchard, a spokeswoman for the Great Falls, Montana-based firm.

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  14. Altria Profit Exceeds Estimates After Cigarette Prices IncreaseRead the original story

    Oct 30, 2014 | Bloomberg

    Altria Group Inc. , the largest seller of tobacco in the U.S., reported third-quarter profit that exceeded analysts' estimates after it boosted cigarette prices. Net income was $1.4 billion, or 71 cents a share, compared with $1.4 billion, or 70 cents, a year earlier, the Richmond, Virginia-based company said today in a statement.

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  15. UPS Profit Tops Estimates, Sees December Shipments Up 11%Read the original story

    Oct 24, 2014 | The Washington Post

    United Parcel Service Inc. reported third-quarter earnings that beat analysts' estimates, buoyed by international exports, and said it expects shipments during December to climb 11 percent. Net income rose 11 percent to $1.21 billion, or $1.32 a diluted share, from $1.1 billion or $1.16 a share a year earlier, the company said in a statement.

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  16. Chiquita to Move on Fyffes After Rejecting Sweetened BuyoutRead the original story

    Oct 17, 2014 | The Washington Post

    Chiquita Brands International Inc. will proceed with its 352 million-euro bid to buy rival banana producer Fyffes Plc after rejecting a higher takeover offer from Brazil's Cutrale Group and Safra Group. The Cutrale-Safra bid of $14 a share for Chiquita, raised from an initial $13, is "inadequate," Charlotte, North Carolina-based Chiquita said in a statement after the close of trading yesterday.

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  17. Risk Goes Uncompensated as Small-Caps Trail S&P 500 IndexRead the original story

    Oct 12, 2014 | Bloomberg

    The Russell 2000 Index, once the bull market's star, has seen its shine dim amid a three-month decline that has shaved almost 5 percentage points off its annual return since March 2009. The gauge, down 13 percent since early July, has fallen for six weeks, the longest slump since 2005.

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  18. Freeport Offers Rio Recipe to Repel Glencore Advances: Real M&ARead the original story

    Oct 10, 2014 | The Washington Post

    Rio Tinto Group may decide that its best defense against another takeover approach from Glencore Plc is buying the largest mining company in the U.S. A bid for Freeport-McMoRan Inc. will probably look tempting to London-based Rio as a way to stymie Glencore, said Paul Gait, an analyst at Sanford C. Bernstein Ltd. Freeport, a $32 billion copper producer that expanded into energy last year, is the cheapest it's been in more than 15 months relative to earnings before interest, taxes, depreciation and amortization. "I would be amazed if they aren't running the ruler over it," Gait said in a phone interview from London.

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  19. Freeport Deal Could Be Rio's Glencore Repellent: Real M&ARead the original story

    Oct 9, 2014 | Bloomberg

    Rio Tinto Group may decide that its best defense against another takeover approach from Glencore Plc is buying the largest mining company in the U.S. A bid for Freeport-McMoRan Inc. will probably look tempting to London-based Rio as a way to stymie Glencore, said Paul Gait, an analyst at Sanford C. Bernstein Ltd. Freeport, a $32 billion copper producer that expanded into energy last year, is the cheapest it's been in more than 15 months relative to earnings before interest, taxes, depreciation and amortization. "I would be amazed if they aren't running the ruler over it," Gait said in a phone interview from London.

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  20. Alcoa Earnings Rebound as Aluminum Use Rises in AutosRead the original story

    Oct 8, 2014 | Bloomberg

    Alcoa Inc. , the largest U.S. aluminum producer, reported its highest earnings in three years after prices rebounded and demand increased from car, truck and plane makers. Profit excluding one-time items was 31 cents, the New York-based company said yesterday, surpassing the 22-cent average of 17 estimates compiled by Bloomberg.

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