Business

Coach Inc (COH) Stock Dips on Poor POS Sales, Operating Margin Outlook

North American sales rose 9% to $606 million, above the FactSet consensus of $591.8 million, while domestic same-store sales grew 2% to beat expectations of 1.8%. For the next one year, EPS estimate is set at $0.58 by 37 analysts although a year ago the analysts recommended the company's EPS at $0.51. The company also announced that its Board of Directors declared a quarterly cash dividend of $0.3375 per common share, maintaining an annual rate of $1.35.

Business

Nasdaq hits record high, other indexes hover near highs

The Dow Jones Industrial Average added 0.02%, and the Nasdaq gained 0.24%. The main USA stock markets retreated on Monday afternoon with the Standard & Poor's 500 and the Nasdaq Composite falling from record intraday highs as healthcare stocks declined.

Business

Oil prices rebound as OPEC announces meeting

Venezuela's Oil Minister, Eulogio Del Pino, has contacted the cartel's Secretary-General, Mohamed Barkindo, to propose a discussion on coordinating output, the country's president, Nicolás Maduro, said last week according to state news agency Agencia Venezuela de Noticias .

Business

Lok Sabha approves amendments to Goods & Services Tax Bill

All these Bills have already been passed by the Lok Sabha. After facing fierce opposition over the Bill for nearly a year, the government succeeded in bringing all major opposition parties, including Congress, on board and it was passed in the Upper House with an overwhelming majority on August 3.

Business

Cognizant reports 9.2% revenue growth year-on-year

CTSH CFO McLoughlin Karen also sold 8,018 shares, at a stock price of $61.13. Non-GAAP diluted EPS1 was $0.87 contrast to $0.79 in the second quarter of 2015. Shares of Cognizant Technology Solutions Corp . Cognizant Technology Solutions Corporation has a 52-week low of 51.22 and a 52-week high of 69.80.

Business

OPEC Oil Ministers to Meet Informally in September

OPEC ministers last met in June when they rejected a proposal to adopt a new output ceiling, sticking to a policy of unfettered production. At the same time the 19th participant in the talks - Iran - on the eve of the meeting refused to discuss freezing oil production, explaining that by the recent lifting of the sanctions.


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