Business Gain

Visa (V) wins but lags in the market: what you need to know

Visa (V) closed at $ 223.81 on the last trading session, marking a movement of + 0.35% from the previous day. This change was smaller than the S&P 500’s 0.85% gain on the day. Prior to today, shares of the global payment processor had lost 4.9% in the last month, trailing the business services sector gain of 0.21% and the ...

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White House chastises meat packers for “profiting” from groceries | News from local businesses

A man shops in the meat section of a grocery store in Washington, DC, April 28, 2020. Drew Angerer, Tribune News Service JOSH WINGROVE and MIKE DORNING Bloomberg News Food inflation is rampant all over the world, forcing families to change their eating habits. Anne Riley Moffat, Tope Alake and Pratik Parija report on Quicktake “Take Charge”. (Source: Bloomberg) The ...

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CME seniors gain hands-on experience in the Gulf Coast industry

Twenty students from the Haley Barbour Center for Manufacturing Excellence spent a week solving real world problems at Keith Huber Corp. at Gulfport. The event was part of an experiential course for seniors. Photo courtesy of Tyler Biggs / CME OXFORD, Mississippi – Twenty accounting, business and engineering students from the University of Mississippi had a rare opportunity to solve ...

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Panama’s July bunker sales increase 12.4% year-on-year

Demand for bunkers in Panama soared last month. Image credit: Ship and cargo hold / Data credit: AMP Bunker request in Panama climbed on both an annual and monthly basis in July. Total sales reached 378 710 mt last month, according to preliminary data from Panama Maritime Authority (AMP), recovering from an 11-month low in June. The total increased by ...

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Analysts say they buy stocks like Walmart & Nio

Shoppers walk past a Walmart store in San Leandro, California, United States, Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images As the earnings season draws to a close, investors’ eyes are focused on the look of the second half of 2021. Whether it’s a contagious new variant of Covid-19 causing lockdowns, shifting e-commerce trends altering consumer ...

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LT group profit drops 63% at P4B

LUCIO C. Tan LT Group, Inc. (LTG) attributable net profit in the first six months fell 63% to 3.73 billion pesos from 10.03 billion pesos last year. “This is mainly due to the increase in provisions for credit losses recorded by its banking subsidiary and the elimination of the gain on disposal of real estate assets at the consolidated level,” ...

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Buffett’s Berkshire Hathaway boosted by US economic rebound | Business and Economy News

Warren Buffett’s Berkshire Hathaway Inc. is reaping the rewards of the US economic recovery. The conglomerate’s collection of manufacturers and retailers rebounded in the second quarter after being hit hard by the pandemic that ravaged the United States last year. The group of companies posted their second-highest quarterly profit on record dating back to mid-2009 and contributed to a 21% ...

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