Fortive Sees Q3 Total Revenue To Increase By About 2.0%
Fortive Corp. (FTV) said it now expects total revenue for the fiscal third quarter of 2020 to increase by about 2.0% on a year-over-year basis, above prior guidance.
Professional Instrumentation total revenue for the third-quarter is expected to increase by approximately 1.0%, compared to previous guidance for a mid-single digit to low single digit year-over-year decline.
Industrial Technologies total revenue is expected to increase by about 4.5%, versus previous guidance for a low single digit year-over-year increase or better.
The company also anticipates positive year-over-year growth in operating profit and in adjusted operating profit for the total company, and for both segments, in the third quarter 2020.
No Relief In New COVID Cases In US, While Deaths Fall
The number of coronavirus deaths has declined steadily since the beginning of this month in the United States, but the number of daily cases continues to remain at alarming rates.
New cases were down in only three states – Texas, Missouri and South Carolina – when compared to last week, while 21 states reported a rise in cases, according to Johns Hopkins University. Most of the remaining states record steady infection rates compared with the week before.
Alaska, Connecticut, Delaware, Idaho, Indiana, Kentucky, Maryland, Massachusetts, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Wisconsin and Wyoming reported a rise in new cases.
Kentucky, Minnesota, Montana and Wisconsin saw record increase in new cases Saturday, Reuters reported.
Although President Donald Trump tweeted from the hospital where he is being treated for the killer disease that tremendous progress has been made over the last 6 months in “fighting this plague,” an average of 46,500 cases were reported per day last week.
Reports that the virus reached parts of the country that hadn’t been hit hard before, also is a cause of concern.
The seven-day average in Covid death toll is remaining below 1,000 since the end of August.
332 new deaths and 36,845 new infections due to the coronavirus were reported in the United States in the last 24 hours, taking the national total to 209,725 and 7418107 respectively.
How 5G and the IoT will transform telecoms, enterprise, government, and consumer tech
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Swiss group Pictet opens New York asset management office
ZURICH (Reuters) – Pictet Asset Management is opening its first U.S. office in New York City, to be led by Elizabeth Dillon, previously its head of global financial institutions, it said on Monday.
The asset management arm of Swiss private banking group Pictet handled $209 billion for clients as of June 30.
The New York office plans to expand to 12 staff.
Fatal crash on I-225 blocks traffic at Parker Road Monday morning
AURORA — One person has died after a fatal car crash Monday morning on northbound Interstate 225 near Iliff Avenue, according to Aurora police and the Colorado Department of Transportation.
Traffic going northbound on I-225 is being diverted off the highway at the Parker Road exit as police continue their investigation. Drivers can get back on the highway at the Mississippi Avenue onramp.
This is a developing story.
— Aurora Police Dept.🧟♀️🧛🏻♂️🦇 (@AuroraPD) October 5, 2020
Live updates: Latest stock market news and business headlines
Giuliani: Despite coronavirus, Trump is sounding ‘exactly like himself’
Trump’s personal attorney and former New York City Mayor Rudy Giuliani on testing negative for the coronavirus, new information on the Russia probe and President Trump’s condition.
Wall Street begins the week on a positive note as stimulus talks continue and as President Trump’s recovery may send him home as early as today.
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CANADA STOCKS-TSX opens higher on energy boost
Oct 5 (Reuters) – Energy stocks helped Canada’s main stock index open higher on Monday as oil prices gained after doctors suggested U.S. President Donald Trump could be discharged from the hospital, a few days after he was diagnosed with COVID-19.
* At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 80.45 points, or 0.5%, at 16,279.7.