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Fannie-Freddie Profit Sweep Brings Dueling Appeals to High Court

2020-01-13 15:41:00| National Real Estate Investor

Both sides now are asking the Supreme Court to review that conclusion. The suing shareholders say everyone would benefit from clarity.

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John Lewis managing director to depart amid FY profit warning

2020-01-09 10:03:00| Daily apparel & textile news and comment - from just-style.com

Paula Nickolds is to step down as managing director of John Lewis & Partners amid a drop in sales during the key Christmas trading period and a warning that full-year profit at the Partnership will be "significantly" lower than last year. 

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Shoe Zone laments business rates burden as FY profit tumbles

2020-01-08 11:12:00| Daily apparel & textile news and comment - from just-style.com

Shares in Shoe Zone were down by more than 3% this morning (8 January) as full-year profit at the UK value footwear retailer was knocked by what CEO Anthony Smith called the "increasing financial burden" placed on High Street businesses. 

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Samsung sees smaller drop in Q4 operating profit on flat revenues

2020-01-08 08:48:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics has forecast operating profit for the fourth quarter of 2019 down by around a third. Revenues are expected flat, the company said in its preliminary earnings guidance. 

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Net Insight names Amazon as Sye buyer, completes transaction with SEK 200 mln profit in Q1

2020-01-06 09:26:00| Telecompaper Headlines

(Telecompaper) Net Insight has named Amazon as the buyer of its Sye consumer streaming business for approximately SEK 350 million in cash and said the transaction has been completed. It had announced that it had found a buyer in December but said at the time only that it was a Fortune 500 company.

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