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UPDATE: Skechers stock zooms 26% premarket after earnings blow past estimates

Shares of athletic shoe maker Skechers USA Inc. zoomed more than 26% in premarket trade Friday, after the company blew past earnings estimates for the third quarter. Susquehanna analysts raised their stock price target to $38 from $34 on the news, and said international sales are driving ...

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Ericsson losses widen sharply amid shake-up

STOCKHOLM--The net loss at Sweden's Ericsson AB (ERIC) widened sharply in the third quarter amid increasing restructuring charges and provisions as the company continued to navigate tough markets and a huge strategic shake-up.

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China September housing sales contracts

BEIJING -- China's housing sales in September contracted for the first time since a property boom began two years ago. Housing sales by value in September decreased 2.4% from a year earlier, according to calculations made by The Wall Street Journal based on National Bureau of Statistics data ...

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China GDP growth slows in third quarter

BEIJING--China's economy slowed in the third quarter of the year, as Beijing's efforts to cut debt levels and curb property speculation started to eat into overall growth. China's gross domestic product expanded by 6.8% in the July-September period from a year earlier, decelerating from a 6.9% ...

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