Month: May 2020

Best Graduate Degrees by Earnings, Popularity

Petroleum engineering offers the highest median earnings among graduate degree holders, according to a report by Georgetown University’s Center on Education and the Workforce. In fact, many of the top 10 highest-paying graduate degrees are in science, technology, engineering and math (STEM) specializations.

The same Georgetown University report also evaluated the most popular graduate school majors. It ranked psychology as the No. 1 most popular graduate degree major, despite noncompetitive median earnings among psychology graduate degree holders.

If you’re deciding on a graduate program, it’s helpful to know what kind of pay your degree may offer later on. Keep reading

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Northwestern University to Furlough 250, Tap Endowment for More

(Bloomberg) — Northwestern University forecast a $90 million budget shortfall due to the coronavirus pandemic and said it will tap more money from its endowment and furlough about 250 staff members.

The school forecast the deficit for the current fiscal year and said the endowment move is aimed at avoiding further budget pressures, according to a letter from university President Morton Schapiro on Monday. The endowment was valued at $10.8 billion as of August.

Universities across the U.S. are facing financial pressure as the virus outbreak has forced them to clear out dorms, cancel on-campus classes and, in some cases,

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Sun Hung Kai, Kwok family sell 30 per cent stake in office space at Hong Kong’s most expensive commercial site to Ping An Life for US$1.45 billion

Sun Hung Kai Properties (SHKP) and its controlling shareholder, the Kwok family, are to sell 30 per cent of the office portion of Hong Kong’s most expensive commercial project.

Ping An Life Insurance will buy the space on top of the West Kowloon high-speed rail station for HK$11.27 billion (US$1.45 billion), SHKP said in a statement on Wednesday evening.

SHKP won the biggest parcel of commercial land ever sold in the city for a record HK$42.23 billion (US$5.4 billion) in November last year.

“Local property firms are unlikely to increase their [borrowing for expansion] in these market conditions, but mainland

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Lessons From a Quarter We’d Like to Forget

(Bloomberg Opinion) — With first-quarter earnings mostly in the books, investors have now gotten their first detailed glimpse of how the coronavirus pandemic has affected profits in corporate America. To no one’s surprise, the results as a whole weren’t good: Earnings fell about 14% from a year earlier for members of the S&P 500 Index, according to DataTrek Research. 

Wall Street analysts expect things to get worse before they get better, with earnings forecast to plunge about 41% in the second quarter, decline 24% in the third quarter and drop 11% in the final three months of the year. Add

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Edited Transcript of K earnings conference call or presentation 30-Apr-20 1:30pm GMT

Battle Creek Apr 30, 2020 (Thomson StreetEvents) — Edited Transcript of Kellogg Co earnings conference call or presentation Thursday, April 30, 2020 at 1:30:00pm GMT

* John P. Renwick

* Steven A. Cahillane

Sanford C. Bernstein & Co., LLC., Research Division – Senior Analyst

Evercore ISI Institutional Equities, Research Division – Senior MD & Fundamental Research Analyst

* Kenneth B. Goldman

Good morning. Welcome to the Kellogg Company’s First Quarter 2020 Earnings Call. (Operator Instructions) Thank you. Please note, this event is being recorded.

At this time, I will turn the call over to John Renwick, Vice President of Investor … Read more