Monday, August 20, 2018

MixedTimes - Business

Used car prices are weirdly spiking, and tariffs may be to blame

The prices at the world's largest used car auction have been better than usual lately, especially since President Donald Trump started pushing for new tariffs on imported vehicles, parts as well as the steel and aluminium used to make cars.

Campbell taps Goldman to examine sales of business units to pay down debt

Campbell Soup has tapped Goldman Sachs to look at the possibility of selling off some of its businesses to help pay down debt left in the wake of its $6.1 billion acquisition of pretzel maker Snyder's Lance earlier this year, people familiar with the review tell CNBC.

Deere earnings miss amid higher costs

Deere reported weaker-than-expected earnings on Friday as rising costs take a bite out of the tractor company's bottom line.

NYU will offer a full ride to all medical students

The decision was made in efforts to address the rising costs of medical education, which have saddled graduates with thousands in debt and funneled them toward more lucrative specialties.

Queen of Soul Aretha Franklin has died

Aretha Franklin, the long-reigning "Queen of Soul" who sang with matchless style on such classics as "Think" and her signature song, "Respect," died Thursday at age 76, said her representative, Gwendolyn Quinn.

Carlsberg sales boosted by World Cup, raises 2018 outlook

Danish brewer Carlsberg raised its full year profit outlook on Thursday after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup.

Cisco rises on strong earnings

Cisco reported better-than-expected fiscal fourth-quarter earnings, along with strong guidance.

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