Fierce clashes break out in Libyan capital Tripoli
TRIPOLI, May 26 Heavy clashes between rival factions erupted in the Libyan capital Tripoli on Friday, with loud explosions and heavy artillery fire heard since the early morning.
July 19 Quest Diagnostics Inc, the No. 1 clinical laboratory-testing company, lowered its revenue forecast for the year but kept profit estimates unchanged as it continues to cut costs to improve margins.
The company expects revenue to grow between 1 percent and 2 percent in 2012. It had previously forecast a growth of between 2 percent and 2.5 percent. Quest maintained its previous earnings outlook of $4.45 to $4.60 a share.
Net income from continuing operations was $178 million, or $1.11 per share, in the second quarter, compared with $164 million, or $1.02 per share, a year earlier.
Excluding special items, the company earned $1.17 a share, matching analysts' estimates.
Revenue was nearly flat $1.91 billion, compared with analysts' estimate of $1.94 billion.
"Quest Diagnostics delivered earnings growth and margin expansion in the quarter, despite revenues that were essentially unchanged from a year ago," said CEO Steve Rusckowski.
Quest shares closed at $63.02 Wednesday on the New York Stock Exchange.
BEIJING, May 26 Yu'e Bao, a money market fund under China's Ant Financial, will impose a cap on individual accounts at 250,000 yuan ($36,475), amid tightening regulatory oversight of China's financial markets.