6 Most Important Things in Business Today
July 31, 2017 by Douglas A. McIntyreCharter Communications Inc. (NASDAQ: CHTR) says it is not interested in buying troubled wireless carrier Sprint Corp. (NYSE: S). Rumors suggest the companies have been in conversations for weeks.
The Wall Street Journal reports that large American company earnings will be their best since 2008. It credits cost cuts, consumer spending and a weaker dollar. The measure is based on two consecutive quarters of double-digit growth compared to the same quarters a year ago.
“Dunkirk” was the number one movie at the box office again last weekend. According to Box Office Mojo:
After the dust settled, it wasn’t much of a fight. Christopher Nolan’s Dunkirk finished atop the weekend box office for the second week in a row with Sony’s new animated feature, The Emoji Movie, settling for second place. The weekend’s other new wide release was Focus Features’ Atomic Blonde, which fell a little short of expectations. Universal’s R-rated comedy Girls Trip, however, had a stellar second weekend, finishing in third place with over $20 million, delivering on the promise of its opening weekend, “A+” CinemaScore.
With an estimated $28.1 million, Dunkirk topped the weekend box office, dropping just 44% in its second weekend in release. The film has now grossed over $102 million domestically in its first ten days in release and continues to perform well overseas. This weekend it added 17 additional markets and brought in an estimated $45.6 million internationally bringing its overseas cume to $131.3 million for a global tally of $234.1 million.
According to The New York Times, the Uber board is split about who should be the next CEO. In part, this is because former CEO Travis Kalanick wants his job back.
The concerns that Apple Inc. (NASDAQ: AAPL) may have shortages of the new iPhone 8 has grown. According to the Financial Times, analysts will watch for guidance about the next quarter when Apple releases earnings this week.
China’s Purchasing Managers’ Index (PMI) was at 51.4 in July, down from 51.7 in June. Any figure over 50 signals expansion.
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