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U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike
A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.3 percent in the first quarter after spiking by a revised 3.5 percent in the fourth quarter. Economists had expected productivity to climb by 0.8 percent.
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Accenture To Acquire Brazilian Creative Agency SOKO For Undisclosed Terms
Accenture plc (ACN) announced Thursday it has agreed to acquire Brazilian creative agency SOKO. The terms of the transaction were not disclosed. The completion of the acquisition is subject to regulatory approvals and other customary closing conditions.
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OECD Raises Global Growth Forecasts
The Organization for Economic and Co-operation and Development on Thursday lifted the global growth forecast for this year and next despite some substantial concerns about the outlook. The Paris-based think tank raised the global growth forecast for this year to 3.1 percent from 2.9 percent projected in February. The outlook for next year was lifted to 3.2 percent from 3.0 percent.
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Howmet Aerospace Boosts FY24 Outlook; Guides Q2 Well Above View - Update
While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) raised its adjusted earnings and revenue guidance for the full-year 2024 and provided guidance for the second quarter, well above estimates.
For the second quarter, the company expects adjusted earnings in a range of $0.57 to $0.59 per share on revenues between $1.825 billion and $1.845 billion.
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U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade deficit to inch up to $69.1 billion from the $68.9 billion originally reported for the previous month.
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U.S. Jobless Claims Unchanged From Slightly Upwardly Revised Level
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week's upwardly revised level. Economists had expected jobless claims to inch up to 212,000.
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SLB OneSubsea And Subsea7 Ink Long-Term Strategic Collaboration Deal With Equinor
SLB (SLB) announced Thursday the signing of a new long-term strategic collaboration agreement between Equinor ASA (EQNR) and the Subsea Integration Alliance (which comprises OneSubsea and Subsea7).
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more news
Bay Street Likely To Open On Positive Note
Higher crude oil prices and comments from Bank of Canada Governor Tiff Macklem that the central bank is getting closer to start cutting rates from over 2-decade highs, indicate a positive start for Canadian shares on Thursday.
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Aptiv Boosts FY24 Adj. EPS Outlook - Updates
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook.
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U.S. Labor Productivity Rises Less Than Expected In Q1
A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024.
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U.S. Trade Deficit Narrows Slightly In March
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday.
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U.S. Weekly Jobless Claims Unchanged At 208,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th.
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Arrow Electronics Q1 Adj. EPS Tops Estimates, But Sales Miss; Guides Q2 Well Below View
Arrow Electronics, Inc. (ARW) reported Thursday that net income attributable to shareholders for the first quarter plunged to $84 million or $1.53 per share from $274 million or $4.60 per share in the prior-year quarter.
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