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Baidu.com Inc. Q2 adjusted earnings of RMB14.73 per share
Baidu.com Inc. (BIDU) reported earnings for its second quarter that climbed from the same period last year.
The company’s profit totaled RMB3.58 billion, or RMB10.31 per share. This compares with RMB2.41 billion, or RMB6.57 per share, in last year’s second quarter.
Excluding items, Baidu.com Inc. reported adjusted earnings of RMB5.08 billion or RMB14.73 per share for the period.
The company’s revenue for the quarter fell 1.1% to RMB26.03 billion from RMB26.33 billion last year.
Baidu.com Inc. earnings at a glance:
-Earnings (Q2): RMB5.08 Bln. vs. RMB3.64 Bln. last year.
-EPS (Q2): RMB14.73 vs. RMB10.11 last year.
-Revenue (Q2): RMB26.03 Bln vs. RMB26.33 Bln last year.
Trump calls Biden's coronavirus plan unscientific, rejects call for national mask mandate
President Donald Trump on Thursday rejected former Vice President Joe Biden's call for a national mask mandate to combat the coronavirus, accusing the Democratic candidate for president of politcizing the outbreak and of shunning science in combating the pandemic.
"It's a shameful situation for anybody to try and score political points while we're working to save lives and defeat the pandemic," Trump said during a White House press briefing.
Biden, the presumptive Democratic nominee for president, earlier on Thursday said every American should wear a mask when they're outside the home for the next three months. He said every governor should mandate their use.
Trump, who resisted calls to wear masks for months, now endorses the idea, although he favors allowing governors decide on whether to require them at the state level.
"We have urged Americans to wear masks. We've been saying wear them when it's appropriate," Trump said. "Maybe they're great and maybe they're just good, maybe they're not so good. But frankly what do you have to lose? You have nothing to lose."
This is a developing story. Please check back later for updates.
Dillard’s Q2 Loss Narrows
Luxury department store chain Dillard’s, Inc. (DDS), Thursday reported second-quarter loss of $8.6 million or $0.37 per share, narrower than last year’s loss of $40.7 million or $1.59 per share last year.
Net sales for the quarter dropped to $945.1 million from $1.46 billion last year.
Analysts polled by Thomson Reuters estimated loss of $4.54 per share on revenues of $1.01 billion for the quarter.
Retail gross margin improved 239 basis points of sales to 31.1% compared to 28.7% for the prior year second quarter. All Dillard’s store locations were re-opened by June 2, 2020. All stores remain open and operating under reduced hours with the exception of one location, the company said in a statement.
DDS closed Thursday’s trading at $27.06, up $0.21 or 0.78%, on the NYSE. The stock further gained $3.86 or 14.25% in the after-hours trade.
Australia shares poised to end week lower; NZ up
Aug 14 (Reuters) - Australian shares were to set inch lower on Friday after a rally on Wall Street ran out of steam, while energy stocks are also likely take a hit as crude prices eased after the International Energy Agency lowered its 2020 oil demand forecast. The local share price index futures fell 0.05%, a 47-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.67% on Thursday. In New Zealand, the benchmark S&P/NZX 50 index traded up 0.08% by 2205 GMT. (Reporting by Deepali Saxena; Editing by Leslie Adler)
DOJ claims Yale discriminates against white, Asian applicants
The Justice Department on Thursday accused Yale University of illegally discriminating against Asian American and white students in admissions, a major escalation of the administration’s attacks on affirmative action.
If Yale does not change its admissions policy, “the Department will be prepared to file a lawsuit,” according to a letter from Eric Dreiband, Assistant Attorney General for Civil Rights.
Yale said the school was dismayed by the allegation and called the government’s conclusion hasty and meritless.
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Picture credits: EPA, Reuters, Getty Images, UCL Institute of Archaeology
Garage fire in Douglas County quickly spreads to home
A garage fire in Douglas County spread to the adjacent residence Thursday afternoon, and firefighters doused the blaze before it spread to other homes and surrounding vegetation.
There were no reports of injuries, according to South Metro Fire Rescue.
The fire broke out about 2 p.m. at 7661 Deer Trail Drive, Parker. The property is surrounded by tall trees and wild grasses.
A recent run of dry, hot weather has raised wildfire concerns. Firefighters were able to stop the fire before it made a run through surrounding properties.
The cause of the fire is under investigation.