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Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ (RRGB) stock was down almost 16% at midday Friday after the company’s first-quarter earnings missed Street estimates. The company on Thursday posted adjusted earnings of $0.19 per share, compared with the year-ago period’s $0.69 per share and analysts’ consensus estimate of $0.49 per share. In a statement, management said it would shut 10 restaurants, effective May […]

PdvWireless Submits Comments on Proposed 900 MHz Band Realignment

PdvWireless Submits Comments on Proposed 900 MHz Band Realignment

PdvWireless (PDVW) Friday commended the Federal Communications Commission’s (FCC) proposed 900 MHz band realignment, but said it supports a “success threshold” in addressing potential holdouts, wants consideration in the eligibility criteria for a BB license, and recommends unique licensing authority for the Association of American Railroads (AAR), which “occupies a unique position in the 900 MHz Band.” The commission adopted […]

Encore Wire Backs US Government Anti-Dumping Probe of China’s Aluminium Wire, Cable – WIRE Weaker

Encore Wire Backs US Government Anti-Dumping Probe of China’s Aluminium Wire, Cable – WIRE Weaker

Encore Wire (WIRE) said on Friday it supports the US government’s anti-dumping and countervailing duty (CVD) investigations of aluminum wire and cable from China, accusing Chinese aluminum building wire producers of illegally dumping their product in the country in its preliminary ruling. “These illegal trade practices have undermined our investments in aluminum wire production, which is an important complement to […]

FILES - A picture taken on June 1, 2008 shows a huge symbol of the Euro in front of the European Central Bank (ECB) in Frankfurt/M., western Germany. The US Federal Reserve struggled with central bank partners on September 26, 2008 to avert a "money market meltdown" as US lawmakers wrangled over a plan to stem the worst financial crisis most have ever known. Central banks added 13 billion dollars (8.8 billion euros) to an emergency fund that has become crucial for European banks, bringing the total made available so far to 290 billion dollars.   AFP PHOTO  /  DOMINIQUE FAGET

US Stocks Slump as President Trump Threatens Tariffs Against Mexico

US stocks fell after President Donald Trump threatened to impose import tariffs on Mexico, picking an economic fight with a neighbor while the trade row with arch-rival China continued unabated. The yen and gold gained as the negative gap between short and long-term bond yields widened the most in a decade. By around midday, the Dow Jones Industrial Average (DJIA) […]

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer confidence rose in May from April, but fell from its mid-month reading two weeks ago, the University of Michigan said Friday. The Surveys of Consumers’ index of consumer sentiment came in at a reading of 100 for May, up from 97.2 in April, the university said in its report. That was below the 102.4 print reported on May 17, […]

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

The broad-based major European indices closed lower in Friday trading, as investors were rattled by US President Donald Trump’s threat to impose new tariffs on Mexico, which he said wouldn’t be lifted until Mexico stops illegal immigration into the US. In economic news, Germany’s Federal Statistical Office (Destatis) reported that the price-adjusted turnover of the retail enterprises in the country […]