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The ruling adds uncertainty to the Kenyan economy, according to Emma Gordon, senior East Africa analyst at risk consultancy Verisk Maplecroft. “Investors will be concerned about the financial implications and the high risk of violence. With the possibility of the new election going to a second round and the result being contested again, political uncertainty
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Expect discounts of about 50 percent off, on average, on a wide range of gear as retailers make room for fall merchandise, she said. From engagement rings to lingerie and even mattresses, some of this year’s deals are surprisingly sexy for shoppers looking to beat the heat. What to buy Pop the question. Engagement rings
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In the U.K., the manufacturing purchasing managers’ index rose to a four-month high of 56.9 in August, beating forecasts. “The manufacturing sector, however, should be doing even better, given sterling’s huge depreciation and the emergence of a strong recovery in the euro zone,” Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics said in an email.
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Canadian yoga and leisure apparel maker Lululemon Athletica reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. The results helped ease concerns the “athleisure” trend popularized by Lululemon may be cooling. Shares,
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Microsoft’s Smith said in a blog post on Thursday that the company knows of 27 employees who are DACA beneficiaries, including software engineers, finance professionals and sales associates. “These employees, along with other DREAMers, should continue to have the opportunity to make meaningful contributions to our country’s strength and prosperity,” Smith wrote. In addition, a
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Moody’s Analytics estimated the economic cost from Harvey for southeastern Texas at $51 billion to $75 billion, ranking it among the costliest storms in American history. The event has drawn comparisons with Hurricane Katrina, which killed more than 1,800 people in New Orleans in 2005. Then-President George W. Bush’s administration was criticized for its haphazard
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The company, part of a massive conglomerate that makes everything from washing machines to heavy machinery, said it has “no plans to enter the car-manufacturing business.” With the foray into the U.S. self-driving car landscape, Samsung will jostle with its friends and foes. Besides Apple, it will join Waymo, a division of Alphabet Inc, which
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Finally, Cramer turned to FMC Corporation, a diversified chemical company with a stock that has climbed almost 50 percent since the “Mad Money” host recommended it in January. “From the beginning, ever since I started recommending FMC, I’ve argued that this is an overlooked company with a stock that simply doesn’t get the respect it
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Check out the companies making headlines after the bell: Lululemon Athletica shares rose 4.7 percent during extended trading. The athletic clothing company’s second quarter earnings and revenue came in above Wall Street estimates. Same-store sales also exceeded estimates. Palo Alto‘s stock rose 5.6 percent after hours following the company’s fourth quarter earnings report. The company’s
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Japan, the United Kingdom, and several other countries have adopted a system known as “precision withholding” that lets taxpayers avoid filing any kind of tax return at all. The tax return, at the end of the day, is an anachronistic legacy of the old days of paper record-keeping when it wouldn’t have been feasible to
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At times, she said, she languished in virtual detention after Guo’s staff confiscated her smartphone, computer, passport and keys and forbade her from leaving her room in his luxury apartment in the high-end London neighborhood of Belgravia. To prove her case, the woman surreptitiously met a lawyer friend in London earlier this year to give
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Finally, Cramer spoke with Aneel Bhusri, the co-founder and CEO of human capital management software system Workday. With new clients including Citigroup, Siemens and Shell under its belt, Workday is entering a higher level of involvement with massive international companies, Bhusri said on Wednesday. “Our math is that 30 percent of the Fortune 500 has
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Check out the companies making headlines after the bell: Shares of Semtech dove 11.5 percent after hours following a mixed earnings announcement. The company beat earnings estimates but fell short of revenue estimates. The chip maker expects third quarter revenue between $145 million and $153 million and earnings per share between 48 cents and 52
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