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U.S. Private Sector Job Growth Far Exceeds Estimates In December
Payroll processor ADP released a report on Thursday showing private sector employment in the U.S. jumped by much more than expected in the month of December. ADP said private sector employment shot up by 235,000 jobs in December after surging by an upwardly revised 182,000 jobs in November.
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Lamb Weston Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, Lamb Weston Holdings, Inc. (LW) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on its financial performance in the first half of fiscal 2023 and broad operating momentum.
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U.S. Trade Deficit Narrows Much More Than Expected In November
A report released by the Commerce Department on Thursday showed the U.S. trade deficit narrowed significantly more than expected in the month of November.
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U.S. Weekly Jobless Claims Dip To 204,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended December 31st.
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Walgreens, CVS Reportedly Plan To Offer Abortion Pills
Pharmacy majors Walgreens Boot Alliance Inc. and CVS Health Corp. are planning to offer abortion pills after the U.S. Food and Drug Administration decided to allow retail pharmacies to sell the product in the United States, reports said. On Tuesday, the agency announced a regulatory change allowing mifepristone, which is used in first-trimester abortions, to be dispensed by retail pharmacies.
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U.S. Private Sector Employment Jumps Much More Than Expected In December
Payroll processor ADP released a report on Thursday showing private sector employment in the U.S. jumped by much more than expected in the month of December.
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Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a mixed note on Thursday, tracking commodity prices, and weighing the possible impact of further interest rate hikes on global economic growth.
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PPL Promotes Francis Sullivan To Succeed Gregory Dudkin As COO
PPL Corp. (PPL) announced Thursday it has promoted Francis Sullivan to executive vice president and chief operating officer, effective January 1, 2023. Sullivan succeeds Gregory Dudkin, who is on extended medical leave and not expected to return to PPL. Dudkin will remain executive vice president while on medical leave.
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Walgreens Posts Hefty Q1 Loss, Adj. EPS Tops View; Backs FY23 Earnings Forecast
Pharmacy major Walgreens Boot Alliance Inc. reported Thursday a hefty loss in its first quarter, mainly hit by charges related to opioid-related claims and weak sales. Adjusted earnings, and sales, however, topped market estimates mainly benefited by strong cough, cold, flu sales. Looking ahead, the company maintained its fiscal 2023 earnings view, and raised sales guidance.
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Conagra Brands Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings and organic net sales growth guidance for the full-year 2023, based on a strong performance in the first half of the fiscal year.
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Neogen Slips To Loss In Q2, But Revenue Surge 76%
Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.
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German Exports Unexpectedly Fall In November
Germany's exports unexpectedly declined in November on weak global demand, signaling that the economy is sliding into a mild recession. Exports decreased 0.3 percent on a monthly basis, reversing a 0.8 percent rise in October, Destatis reported Thursday. The fall was in contrast to the 0.2 percent rise expected by economists.
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UK Service Sector Moves Closer To Stabilization
The UK service sector moved closer to stabilization from the contraction zone in December despite challenging business environment and the cost of living crisis, a closely watched survey showed Thursday. The final S&P Global/Chartered Institute of Procurement and Supply services Purchasing Managers' Index improved to 49.9 from 48.8 in November. The flash reading was 50.0.
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