All posts by alexaadler2018

Brunswick reports loss despite growth in marine business, shares drop

By Alexa Adler

Medill Reports

Brunswick Corp., operator of marine, fitness and billiards businesses, swung to a quarterly loss, primarily due to increased pension settlement and restructuring charges and a charge reflecting recent tax legislation, as well as weakness in the fitness business.

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Cabot Microelectronics reports strong operating results but net loss due to tax charge

By Alexa Adler
Medill Reports

Despite record quarterly revenue and strong operating results, Cabot Microelectronics Corp., which supplies planarization polishing slurries and pads used in the manufacture of semiconductor devices, reported a loss of 12 cents per share for its first quarter ended Dec. 31, 2017, compared with earnings per share of 88 cents in the prior-year period.

The loss was driven largely by a one-time charge of $32.9 million occasioned by the recent tax reform legislation. On a non-GAAP basis, excluding the tax charge and an amortization charge, earnings per share were $1.19, compared with analysts’ estimate of $1.02 per share compiled by Yahoo Finance.

The stock closed at $102.66, up 95 cents.
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Experts say blockchain technology will be useful in many industries

By Alexa Adler
Medill Reports

As bitcoin prices fluctuate, indicating uncertainty about the ultimate viability of cryptocurrency, other use of its underlying blockchain technology is increasing and may represent the future of information transfer technology in many industries, including banking, and to some extent, healthcare.

In downtown Chicago, cryptocurrency experts gathered Wednesday evening to discuss future uses of blockchain in multiple industries before an audience of many developers at a Future of Blockchain meetup.

“I think everybody views bitcoin as the first proof of concept of blockchain and everybody is waiting to sort of see what’s next, what happens, and how does it evolve,” said Dr. Tejas Shastry, vice president of data science at GreenKey Technologies.

In blockchain transactions, data is transmitted and stored in multiple nodes distributed throughout the cloud. While it has potential applicability in many industries, some industries might be better suited for it than others, the experts said, notably industries that handle transactions and data fully digitally.

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