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Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25
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In a blog headlined “No thank you, Mr. Pecker,” Jeff Bezos claims David Pecker’s National Enquirer threatened to post sexual pictures that the Amazon CEO had texted to his mistress, Lauren Sanchez, including a “below the belt selfie.” In the blog post published Thursday, Bezos CEO accused AMI, the tabloid’s publisher, of blackmail and extortion.
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan. Steve Grasso was a buyer of Westrock. Dan Nathan was a seller of Citigroup. Guy Adami was a buyer of Twitter. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB, APC, APH, BA, BABA,
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Skechers stock rocketed 16 percent higher in premarket trading after the shoemaker gave strong profit guidance for the quarter ahead while reporting better-than-expected fourth-quarter earnings Thursday evening. “2018 was a year of record sales—our first fourth quarter of over a billion dollars and, combined with three previous record quarters, a new annual sales record of
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Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected
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Apple on Thursday threatened to remove applications from the App Store if they record users’ actions without their explicit permission. Earlier this week, TechCrunch reported that iPhone apps from Expedia, Air Canada and Hollister were using “session replay” software from a company named Glassbox that allowed them to record a user’s actions, such as screen
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Shares of Dunkin’ Brands dropped more than 4 percent during pre-market trading Thursday after the company reported flat same-store sales growth for the fourth-quarter, saying it was focused on rolling out espresso drinks as part of a long-term strategy to attract more coffee drinkers. Dunkin’ re-launched its espresso, which is used in drinks like cappuccinos
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Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
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After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
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