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News Highlights: Top Company News of the Day

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08/07/2019 | 09:16am EDT
CVS Boosts Profit Outlook as Revenue Outperforms 
 

CVS Health reported a stronger-than-expected profit in the second quarter and raised its outlook for earnings.

 
SoftBank's Vision Fund 2 Plans to Begin Investing as Soon as Next Month 
 

The sequel to the world's biggest technology investment fund could start investing billions of dollars as early as next month in a venture-capital market already awash with money.

 
Short-Seller Accuses Litigation Finance Firm of 'Meaningless Metrics' 
 

The short-seller Muddy Waters accused the litigation finance firm Burford Capital of poor governance and mismarking the value of legal cases it invests in, wiping around 50% off the value of the U.K. firm's shares.

 
Lumber Liquidators Reports 2Q Net Loss 
 

The Toano, Va.-based hardwood flooring retailer posted a quarterly net loss of $2.9 million, or a net loss of 10 cents a share.

 
Entercom Communications to Acquire Two Podcast Companies 
 

Entercom Communications has reached deals for a pair of podcast companies, moving the second-largest U.S. radio broadcaster by revenue more heavily into the nascent business.

 
Wendy's Sees Revenue Growth, Beats Adjusted EPS Estimates 
 

Wendy's reported an increase in second quarter revenue as the company saw increased sales at its restaurants and an increase in franchise royalties.

 
IBM Says Security Concerns Should Benefit Its Hybrid Cloud Business 
 

International Business Machines is betting that its strategy of giving big companies the flexibility to run their data and applications anywhere they want will help it win over enterprises concerned about cybersecurity.

 
Glencore to Close Massive Mine as Economic Woes Hit Metals 
 

Glencore's first-half earnings fell by a third and the commodities giant said it is closing one of its largest copper and cobalt mines, as concerns over the global economy and the trade war between the U.S. and China hit commodity prices.

 
Auto-Parts Giant Slams Brakes on Engines Amid Shift to Electric 
 

Continental, one of the world's biggest car-parts makers, is saying goodbye to the internal combustion engine-the machine that has been at the heart of the auto industry for well over a century.

 
Cable Provider Altice Looks to Help Customers Ditch the Remote 
 

Cable operator Altice USA is hoping to nestle itself in consumers' living rooms with the launch of a new at-home speaker, Altice Amplify, that includes technology from Amazon.com's Alexa.

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE USA INC -1.31% 29.34 Delayed Quote.77.60%
BURFORD CAPITAL LIMITED 2.21% 810.5 Delayed Quote.-51.06%
CRB COMMODITY INDEX 0.10% 195.01 End-of-day quote.0.00%
CVS GROUP PLC 0.67% 908 Delayed Quote.37.26%
CVS HEALTH CORPORATION 1.05% 64.3 Delayed Quote.-1.86%
ENTERCOM COMMUNICATIONS CORP. -0.83% 3.58 Delayed Quote.-37.30%
GLENCORE 0.88% 256.55 Delayed Quote.-11.94%
GOLD -0.12% 1512.26 Delayed Quote.18.32%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.76% 141.88 Delayed Quote.24.82%
LME COPPER CASH 0.23% 5758.5 End-of-day quote.-1.38%
LUMBER LIQUIDATORS HOLDINGS INC 4.17% 9.24 Delayed Quote.-2.94%
NESTLÉ S.A. -0.90% 106.26 Delayed Quote.34.36%
SILVER -0.03% 17.972 Delayed Quote.16.20%
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