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Q3 2019 Sonoco Products Co Earnings Call
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 * Benchmark 10-year yields up
(Adds U.S. markets' closing levels)
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 Cadence Design Systems Inc. shares rose in the extended session Monday after the chip-design software company topped Wall Street estimates for the quarter. Cadence shares rose 3.7% after hours, following a 1.8% rise in the regular session to close at $66.75. The company reported third-quarter net income of $101.5 million, or 36 cents a share, compared with $99.3 million, or 35 cents a share, in the year-ago period. Adjusted earnings were 54 cents a share. Revenue rose to $579.6 million from $532.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 51 cents on revenue of $576.1 million. Cadence expects adjusted earnings of 52 cents to 54 cents on revenue of $590 million to $600 million for the fourth quarter, while analysts had forecast earnings of 52 cents a share on revenue of $591.9 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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* Indexes up: Dow 0.21%, S&P 500 0.69%, Nasdaq 0.91%
(New throughout, updates prices, market activity and comments
to market close)
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Sterling wobbles amid Brexit drama
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The social network is fighting foreign efforts to manipulate and mislead its users ahead of the 2020 presidential election. CEO Mark Zuckerberg called election security one of his "top priorities."
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 U.S. stock benchmarks end the session higher amid optimism over tariff talks and earnings, but a decline in shares of Boeing caps gains in the blue-chip Dow index.
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Four large drug companies
could resume talks on Tuesday to try to reach a $48 billion
settlement of all opioid litigation against them, after agreeing
with two Ohio counties to a $260 million deal to avert the first
federal trial over their role in the U.S. opioid epidemic.
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Four plaintiffs aim to persuade others to sign on to deal framework
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 World stock indexes rose on Monday as signs of work to resolve the U.S.-China trade war bolstered investor hopes, while the Canadian dollar strengthened in the hours before results of the election for prime minister.
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Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic.
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Four large drug companies
could resume talks on Tuesday to try to reach a $48 billion
settlement of all opioid litigation against them, after agreeing
with two Ohio counties to a $260 million deal to avert the first
federal trial over their role in the U.S. opioid epidemic.
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SoftBank Group Corp offered close to $10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar with the matter said on Monday.
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Britain's divorce from the EU was once again in disarray after the House of Commons speaker John Bercow refused to allow politicians to vote on Brexit on Monday.
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 Stocks finish higher on U.S.-China trade optimism
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The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry.
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Boeing fell on mounting concerns about issues that led to the 737 MAX crashes, and Halliburton's third-quarter report triggered a rally in energy shares.
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The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
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San Jose to Propose Turning PG&E Into Giant Customer-Owned Utility The Wall Street JournalSan Jose to propose turning PG&E into giant customer-owned utility: WSJ Yahoo FinanceFrustrated with PG&E, San Jose proposes forming own utility San Francisco ChronicleCould San Jose Break Free From PG&E? Its Mayor Has An Idea Patch.comSan Jose Looks to Exit PG&E to Develop Microgrids Following California's Power Shutoff Microgrid KnowledgeView full coverage on Google News
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WeWork's board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank.
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A variety of factors sent major benchmarks higher Monday.
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Canada elections - live: Trudeau fights to keep power in 'coin toss' election against Scheer The IndependentScheer's Conservative supporters chant 'lock him up' about Trudeau during 'nasty' campaign The TelegraphCanadian Election Too Close to Call as Trudeau Tries to Hang On to Power The Wall Street JournalCanada elections polls 2019: Who are the candidates - Who is in the lead? Express.co.ukIs Trudeau on the verge of a shocking reversal of fortune? | TheHill The HillView full coverage on Google News
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Netflix Inc. is mobilizing ahead of the launch of two big new competitors in November with an armory of 59 new offerings next month, including the arrival of 43 original programs.
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Halliburton sees costs cuts ahead, and Coty might sell a big division.
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Between Sanders' "tax and destroy" plan and Warren's rosy revenue estimates, there's much to worry about, Bernstein's economist writes.
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The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
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Report: SoftBank is taking control of WeWork at an ~$8B valuation TechCrunchSoftBank to take control of WeWork: Sources CNBCSoftBank to Take Control of WeWork in Deal that Values Company at $8 Billion: Reports Bloomberg TicTocSoftBank extends $5 billion debt financing offer to WeWork - sources Yahoo FinanceWeWork Gets a Life Raft: Report GizmodoView full coverage on Google News
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Oil prices might be acting like a warning light when it comes to the stock market, which is trading near all-time highs despite growing concern over the U.S.-China tariff battle and rising global trade tensions.
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Fisher Investments continues to lose institutional clients since Ken Fisher made lewd comments at a conference on Oct. 8.
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World stock indexes rose on Monday as hopes for resolving the U.S.-China trade war bolstered investor optimism, and the U.S. dollar index edged higher.
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Today's Top Picks: Three best bets for Patriots vs. Jets on Monday Night Football CBS SportsBurning questions for Patriots vs. Jets on 'Monday Night Football' msnNOWPatriots' Offense Will Look Much Different Week 7 Vs. Jets NESNNew Star Wars: The Rise Of Skywalker Promo Teases The Final Trailer We Got This CoveredWhat to watch for in Patriots-Jets on 'MNF' NFL.comView full coverage on Google News
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PetMed Express soared more than 30% on Monday after the online pet pharmacy said its quarterly profit topped Wall Street's estimates.
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Bombardier on Monday
unveiled its revamped Liberty Learjet 75 corporate plane,
betting that extra legroom and a lower price tag would help the
Canadian company beat back competition from Embraer SA's
market leading model.
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See which stocks are posting big moves after the bell.
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Item 2.02: Results of Operations and Financial Condition
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Live updates: Trump urges GOP to ‘get tougher and fight' impeachment as Pelosi details his ‘shakedown' of Ukraine The Washington PostThe latest on the Trump impeachment inquiry: Live updates CNN InternationalG-7 summit will not be held at Trump's Doral resort ABC NewsNo, We Won't Just ‘Get Over It' The New York TimesTrump is shooting holes in the Constitution. Will Republicans let him get away with it? USA TODAYView full coverage on Google News
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 (Bloomberg) -- Destination Maternity Corp., billed as the world's largest retailer of maternity clothes, sought court protection from its creditors after warning investors it might not be able to survive as an independent merchant.The chain, which hasn't posted an annual profit since 2014, listed assets and liabilities of as much as $500 million in its Chapter 11 petition, filed Monday in Delaware. Destination Maternity said last month that it faced a significant cash crunch that could tip it into bankruptcy. It's been exploring solutions with the help of Greenhill & Co. LLC that could include sale of the company, according to a regulatory filing.Destination Maternity counted more than 1,100 retail locations in the U.S, Canada and Puerto Rico as of last November, according to its website. The company also sells its merchandise online, mostly through Motherhood.com, APeaInThePod.com and DestinationMaternity.com, company filings show.Chapter 11 allows a company to stay in business while it crafts a turnaround plan. Like other retailers, it's under pressure from changing consumer habits as fewer shoppers go to malls, according to its annual report, and it's being hurt by the declining U.S. birth rate, which it said dropped about 9.2% from 2008 to 2017.The company will continue trying to sell itself, a process it started in early September that has "already yielded indications of interest from several credible bidders," Destination Maternity said in a statement. Interim Chief Executive O
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Here's how the 5G era could change what it's like to live in rural America.
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BMRC earnings call for the period ending September 30, 2019.
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2019-10-21 0000950103-19-014027 9 KB
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 Investing in hedge funds can bring large profits, but it's not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]
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READ: Pelosi's 'fact sheet' on Trump impeachment | TheHill The HillView full coverage on Google News
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We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
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 Shares of Boeing are slumping as UBS downgrades Boeing to neutral from buy, backing away from a bullish stance after messages were leaked from a former test pilot expressing concerns over the software system used in the 737 MAX. Yahoo FInance's Alexis Christoforous and Emily McCormick discuss on The Ticker.
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College football rankings: Oklahoma jumps Clemson, moves into top four of CBS Sports 130 CBS SportsAP Top 25: Ohio State jumps Clemson to 3rd; Wisconsin falls msnNOWAP Top 25 Reality Check: Clemson slides to 4, but why now? Associated PressWATCH LIVE: Chryst previews Ohio State 247SportsScarlet Sunrise: Ohio State turns attention toward Wisconsin test Lettermen RowView full coverage on Google News
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 (Bloomberg) -- An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway's reserves. Winners at the Nov. 6 auction are expected to pay $25 billion in licensing fees, plus share a portion of their production with the government.In addition, bidders will need to negotiate payments to state-controlled Petroleo Brasileiro SA for investments it has already made in the area. Those payments could add another $25 billion to $45 billion in costs, according to officials familiar with government figures who asked not to be named because the information is private.The auction is unique in part because one of the four areas being offered is already gushing more than half of the daily output from Venezuela. It's a rare opportunity for an industry more accustomed to exploring riskier offshore prospects that can take a decade or more to develop.Fourteen producers -- including Petrobras -- have signed up to participate in the auction.Petrobras didn't respond to requests for comment. The Brazilian oil regulator, known as ANP, declined to comment on the total amount the auction could raise. It said payments to Petrobras will be negotiated between the company and its partners, without government interference.The offeri
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Apple Inc has started selling
its popular iPhone XR phones assembled in India, as it looks to
expand its share in the world's second-largest smartphone market
where it has struggled against cheaper products from rivals.
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Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
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"The idea was once Boeing was free to tell its story it was a good one," says CNBC's Jim Cramer. "That, I think, is no longer true."
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Shares of Schlumberger Ltd. rallied 1.3% in premarket trading Friday, after the oil services company reported a large third-quarter net loss, but an adjusted profit and revenue that beat expectations. The net loss was $11.97 billion, or $8.22 a share, after income of $787 million, or 46 cents a share, in the year-earlier period. Excluding non-recurring items, such as a $12.7 billion charge related to goodwill, intangible assets and fixed assets as a result of "market conditions, adjusted earnings per share came to 43 cents, above the FactSet consensus of 40 cents. Revenue was edged up to $8.54 billion from $8.50 billion, just above the FactSet consensus of $8.50 billion, as an 11% drop in North America revenue was offset by 8% growth in international revenue. "This quarter's results reflected a macro environment of slowing production growth rate in North America land as operators maintained capital discipline, reducing drilling and frac activity," said Chief Executive Olivier Le Peuch. Although international revenue continues to be underpinned by international investment levels, Le Peuch said "market uncertainty" is weighing on the future oil demand outlook " in a climate where trade concerns are seen as challenging global economic growth." The stock has tumbled 17.8% over the past three months, while the VanEck Vectors Oil Services ETF has dropped 19.0% and the S&P 500 has ticked up 0.1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 The emergence of whistleblowers' claims that President Donald Trump sought a foreign country's interference in the next presidential election gives employers an opportunity to educate their employees about whistleblower laws.
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