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Thursday’s trading volume was the second-highest of the year, at 12.09 billion shares, compared with the 8.38 billion-share average over the last 20 trading days. Of the S&P’s 11 major sectors, only utilities ended in positive territory. Energy stocks slid 2.8 percent as oil prices dropped to their lowest levels in a year. Technology and consumer discretionary stocks – among the top contributors to Wall Street’s gains in the past few years – registered heavy declines copper cufflinks uk online. Gloomy corporate results and forecasts also weighed on U.S. stocks..
Shares of Walgreens Boots Alliance Inc dropped 5.0 percent on the drugstore chain’s weak retail sales, while shares of Conagra Brands Inc slid 16.5 percent after the packaged foods maker gave an underwhelming profit forecast for 2019. Also declining as a result of disappointing corporate earnings forecasts were shares of Accenture Plc and Carnival Corp, which fell 4.9 percent and 9.5 percent, respectively. Nike Inc shares dropped 2.1 percent ahead of the athletic footwear company’s quarterly results copper cufflinks uk online. In after-hours trading, however, Nike shares surged more than 7 percent following the company’s report..
WASHINGTON (Reuters) – Swarm Technologies Inc will pay a $900,000 fine for launching and operating four small experimental communications satellites that risked “satellite collisions” and threatened “critical commercial and government satellite operations,” the Federal Communications Commission said on Thursday. The California-based start-up founded by former Google and Apple engineers in 2016 also agreed to enhanced FCC oversight and a requirement of pre-launch notices to the FCC for three years copper cufflinks uk online.
Swarm launched the satellites in India last January after the FCC rejected its application to deploy and operate them, citing concerns about the company’s tracking ability. It said Swarm had unlawfully transmitted signals between earth stations in the state of Georgia and the satellites for over a week. The investigation also found that Swarm performed unauthorized weather balloon-to-ground station tests and other unauthorized equipment tests prior to the satellites’ launch copper cufflinks uk online. Swarm aims to provide low-cost space-based internet service and plans eventually to use a constellation of 100 satellites..
Swarm won permission in August from the FCC to reactivate the satellites and said then it is “fully committed to complying with all regulations and has been working closely with the FCC,” noting that its satellites are “100 percent trackable.”. Swarm co-founder and Chief Executive Officer Sara Spangelo said in a statement on Thursday that the company accepts the FCC decision “and appreciates the FCC’s ongoing support for Swarm’s mission.” copper cufflinks uk online. Earlier this month, SpaceX launched three more satellites for Swarm on a Falcon 9 rocket after winning FCC approval..