Christine Lagarde, managing director of the IMF, discusses what she wants the future of the IMF to look like.Read More »
PEABODY, Mass. (AP) _ Analogic Corp. (ALOG) on Tuesday reported a fiscal fourth-quarter loss of $24.6 million, after reporting a profit in the same period a year earlier. Earnings, adjusted for pretax expenses and restructuring costs, came to less than 1 cent on a per-share basis. The maker of medical and security imaging equipment posted revenue of $111.6 million in the period.
As people face the arduous task of repairing their flood-ravaged homes and cars that were damaged from the torrential rains and winds of Hurricanes Harvey and Irma, the costs of rebuilding keep accumulating, leaving them few options for loans. Since the majority of consumers lacked insurance coverage for flood damage, the costs keep adding up from replacing furniture and appliances to renting another home or apartment until the costly repairs are completed. The Small Business Administration offers both homeowners and renters disaster loans ranging from 1.75% to 3.5% of up to $40,000 for property damage such as furniture, clothing, cars and appliances and up to $200,000 for repairs to the house.
Tesla (TSLA) shares fell Tuesday following a bearish report saying the maker of all-electric vehicles will continue to lose money on an annual basis through 2019. XAutoplay: On | OffJefferies analyst Philippe Houchois initiated coverage of Tesla with an underperform rating and price target of 280, which is 26% below where the shares currently stand. Tesla shares were down 2%, near 377.10 during morning trading in the stock market today. Tesla shares are up 77% this year. "It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a note to clients Tuesday, saying that boosting production remains the main challenge for Tesla. "Achievements to-date