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UK Private Sector Logs Marginal Growth In August
The UK private sector logged only a marginal growth in August largely due to relatively muted customer demand and shortages of labor and inputs, flash survey results from S&P Global and Chartered Institute of Procurement & Supply showed Tuesday. The flash composite output index fell to 50.9 in August from 52.1 in the previous month. The reading was also below economists' forecast of 51.1.
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Amgen Announces Positive Top-line Results From Phase 3 DAHLIA Study Of ABP 959
Amgen, Inc. (AMGN) announced Tuesday positive top-line results from the DAHLIA study, a randomized, double-blind, active-controlled, two-period crossover Phase 3 study evaluating the efficacy and safety of ABP 959, a biosimilar candidate to SOLIRIS (eculizumab), compared with SOLIRIS in adult patients with paroxysmal nocturnal hemoglobinuria (PNH).
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Cracker Barrel Old Country Store Adds New Flavors This Fall; Expands Shareables Menu
Cracker Barrel Old Country Store, Inc. (CBRL) announced Tuesday it is introducing new flavors this fall and expanding its shareables menu to offer even more variety, all at a compelling value.
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PPG To Invest $11 Mln To Double Production Capacity Of Powder Coatings Plant In Mexico
PPG Industries, Inc. (PPG) announced Tuesday that it will invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.
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Primoris Services Gets $270 Mln Solar Project Award
Primoris Services Corp. (PRIM) announced Tuesday a solar project award with an estimated value of $270 million. The contract was secured by the Company's Energy/Renewables Segment.
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Eurozone Private Sector Shrinks For Second Month
Eurozone private sector contracted for the second straight month in August as the downturn in manufacturing continued and the service sector ground to a near-halt, flash survey results from S&P Global showed on Tuesday. The flash composite output index slid to 49.2 in August from 49.9 in July. However, the reading was slightly above the expected level of 49.0.
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Dole Q2 Adj. EPS Tops Estimates, But Revenues Miss; Slashes FY22 Outlook
Fresh produce supplier Dole plc (DOLE) reported Tuesday that net income attributable to Dole for the second quarter surged to $41.3 million or $0.43 per share from $29.2 million or $0.52 per share in the prior-year quarter. Excluding items, adjusted income was $0.44 per share, compared to $0.74 per share in the year-ago quarter.
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Pound Rebounds As U.K. Services PMI Beats Forecast
The pound erased its early losses against its major counterparts in the European session on Tuesday, as U.K. service sector activity rose more than expected in August.
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Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Tuesday, tracking higher crude oil prices and weak European stocks.
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DICK'S Sporting Boosts FY22 Outlook As Q2 Results Top Estimates
While reporting financial results for the second quarter on Tuesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings, adjusted earning and consolidated same store sales guidance for the full-year 2022.
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Foghorn Therapeutics Says FDA Places Clinical Hold On Phase 1 Dose Escalation Study Of FHD-286
Biotechnology company Foghorn Therapeutics Inc. (FHTX) announced Tuesday that the U.S. Food and Drug Administration (FDA) has placed a full clinical hold on the Phase 1 dose escalation study of FHD-286, an inhibitor of BRG1/BRM, in relapsed and/or refractory acute myelogenous leukemia (AML) and myelodysplastic syndrome (MDS).
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JD.com Q2 Net Profit Soars; Revenue Up 5.4%
e-commerce company JD.com, Inc. (JD) reported Tuesday that net income attributable to ordinary shareholders for the second quarter was RMB4.38 billion or $0.65 billion, compared to RMB0.79 billion in the year-ago quarter. Net income per ADS was RMB2.74 or $0.41, compared to RMB0.50 last year.
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Medtronic Reiterates FY23 Outlook - Update
While reporting financial results for the first quarter on Tuesday, medical devices maker Medtronic plc. (MDT) reiterated its adjusted earnings and revenue growth guidance for the full-year 2023.
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