Workers sewing in a clothing factory in Bozhou, east China’s Anhui province. STR | AFP | Getty Images China’s manufacturing activity contracted in July, according to results of a private survey released on Thursday. The Caixin/Markit factory Purchasing Managers’ Index for was 49.9 — slightly better than expected. Analysts polled by Reuters had expected the indicator
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Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm issued guidance for September quarter earnings and revenue significantly lower than analyst expectations on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain items, vs $0.75 expected according to analysts polled by
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Recently, in Revenue Procedure 2019-32, the IRS provided a six-month extension for certain partnerships to file a superseding Form 1065 (its partnership return) and corresponding Schedules K-1 to each of its partners.  The Bipartisan Budget Act of 2015 (the “BBA”) drastically changed the way that partnerships are audited, including partnership-level assessments; smaller partnerships, however, can
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The Home Improvement Research Institute is bullish on 2019, according to its latest findings released last week, and supported by other industry professionals and watchers. According to HIRI’s quarterly Project Sentiment Tracking Survey of 3,000 homeowners, this is what’s ahead for the rest of the year. Kitchens are projected to be among the top spaces
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