business

Federal Reserve Board News: FRB approves fee schedule for Federal Reserve Bank priced services

WASHINGTON – The Federal Reserve Board on Friday announced the approval of fee schedules, effective January 2, 2019, for payment services the Federal Reserve Banks provide to depository institutions (priced services). The Reserve Banks project that they will recover 100.9 percent of their priced services costs in 2019.  The Reserve Banks expect to fully recover … Continue reading Federal Reserve Board News: FRB approves fee schedule for Federal Reserve Bank priced services

FRB News: Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC

WASHINGTON – The Federal Reserve Board on Thursday approved final amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) and to make it conform more closely with Regulation CC (Availability of Funds and Collection of Checks). The amendments align the rights and obligations of … Continue reading FRB News: Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC

Business News: Walmart Guidance for Q3 Summary

BENTONVILLE, AR – Walmart Inc. raises its expectations for Walmart U.S. comp sales, excluding fuel, for the 52-week period ending Jan. 25, 2019.  Additionally, the company updates fiscal year 2019 GAAP EPS guidance and raises its fiscal year 2019 Adjusted EPS1 guidance due to the company’s performance year-to-date and outlook on the remainder of the … Continue reading Business News: Walmart Guidance for Q3 Summary

Business News: Energizer Holdings, Inc. Announces Fiscal 2018 Fourth Quarter and Full Year Results and Provides Financial Outlook for the Fiscal Year 2019

– Reported net sales decreased 1.7% in the fourth fiscal quarter driven by lower hurricane activity in the current period and unfavorable currency impacts – Organic net sales, excluding year over year impact of hurricanes, increased 2.3% – Diluted EPS was $0.02 in the fourth fiscal quarter compared to $0.55 in the prior year fourth … Continue reading Business News: Energizer Holdings, Inc. Announces Fiscal 2018 Fourth Quarter and Full Year Results and Provides Financial Outlook for the Fiscal Year 2019

Business News: AbbVie Presents Positive Phase 3 Data Demonstrating Investigational Elagolix Reduces Heavy Menstrual Bleeding in Women with Uterine Fibroids at 2018 AAGL Global Congress

-Elagolix, in combination with add-back therapy, achieved statistically significant reduction in heavy menstrual bleeding associated with uterine fibroids compared to placebo -Results were consistent across both pivotal Phase 3 studies (ELARIS UF-1 and ELARIS UF-2) – FDA New Drug Application submission anticipated in mid-2019 NORTH CHICAGO, IL – AbbVie (NYSE: ABBV), a research-based global biopharmaceutical … Continue reading Business News: AbbVie Presents Positive Phase 3 Data Demonstrating Investigational Elagolix Reduces Heavy Menstrual Bleeding in Women with Uterine Fibroids at 2018 AAGL Global Congress

Business News: Cisco Reports First Quarter Earnings

Q1 Results: Revenue: $13.1 billion – Increase of 8% year over year Earnings per Share: GAAP: $0.77; Non-GAAP: $0.75 – Non-GAAP EPS increased 23% year over year Q2 FY 2019 Guidance (normalized to exclude SPVSS business) – Revenue: 5% to 7% growth year over year Earnings per Share: GAAP: $0.56 to $0.61; Non-GAAP: $0.71 to $0.73 SAN JOSE, … Continue reading Business News: Cisco Reports First Quarter Earnings

Business News: Agilent Technologies Increases Cash Dividend to 16.4 Cents per Share

SANTA CLARA, CA – Agilent Technologies Inc. (NYSE: A) today announced that its board of directors has increased the company’s quarterly dividend to 16.4 cents per share of common stock.  The dividend will be paid on January 23, 2019, to all shareholders of record as of the close of business on December 31, 2018. The … Continue reading Business News: Agilent Technologies Increases Cash Dividend to 16.4 Cents per Share

Business News: Axioma and S&P Dow Jones Indices Announce Collaboration to Accelerate Innovation in Factor Indices

NEW YORK – S&P Dow Jones Indices (“S&P DJI”), one of the world’s leading index providers, announced today that it has entered into a strategic agreement to collaborate with Axioma, a renowned provider of enterprise market risk and portfolio analytics solutions, to develop optimized factor-based strategy indices. The engagement brings together S&P DJI’s global brand recognition and capabilities … Continue reading Business News: Axioma and S&P Dow Jones Indices Announce Collaboration to Accelerate Innovation in Factor Indices