Business

(Reuters) – With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer confidence keep them on guard. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 1, 2019. REUTERS/Brendan
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FILE PHOTO – Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo WASHINGTON (Reuters) – The United States has sued Lockheed Martin Corp, Lockheed Martin Services Inc, and Mission Support Alliance LLC, as well as a Lockheed
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PARIS (Reuters) – Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week’s first-half results but calling for boardroom changes and better margins. FILE PHOTO: A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference to announce the
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NEW YORK (Reuters) – The Australian dollar tumbled on Wednesday after its central bank signaled a possible interest-rate cut in the latest indication a global economic slowdown is tilting policymakers toward looser monetary policy, while a gauge of world equity markets edged back from two-month highs. A man smokes next to the Reserve Bank of
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