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The revised order now raises questions about Sinclair’s representations about all three stations and its compliance with FCC broadcast ownership limits, a person briefed on the matter said. The company had proposed to sell WGN in Chicago to a Maryland auto dealer who is a longtime business associate of Sinclair Executive Chairman David Smith, and would largely continue to operate the station under a services agreement. Sinclair also said it was withdrawing plans to sell stations in Dallas and Houston to Cunningham Broadcasting Corp, a company controlled by the estate of Smith’s mother. Sinclair said Wednesday it now wants to put the two Texas stations into a divestiture trust to be sold and operated by an independent trustee.

Pai’s statement raising questions about whether Sinclair would continue to control some of the stations it proposes to divest followed similar questions raised in separate filings with the FCC paisley gunmetal and mother of pearl cufflinks last month by the American Civil Liberties Union and conservative news outlet Newsmax Media, Newsmax CEO Chris Ruddy said the “FCC and public shouldn’t be fooled by this last-minute effort by Sinclair, They must reject it, Sinclair has already demonstrated contempt for FCC rules and proper public disclosure.”..

(Reuters) - International Business Machines Corp (IBM.N) on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing. Under Chief Executive Officer Ginni Rometty, IBM has been focusing on an array of new technologies ranging from artificial intelligence to cloud computing as it tries to offset weakness in its legacy business of selling hardware and software. The newer businesses, which are spread across its various divisions, have been bundled into what the company calls “strategic imperatives”.

Revenue from these businesses grew 15 percent to $10.1 billion in the second quarter, accounting for more than half of the company’s total revenue, IBM Chief Financial Officer James Kavanaugh said the company’s investments to paisley gunmetal and mother of pearl cufflinks reposition itself have been paying off, “We accelerated our growth, really capitalizing on these emerging high value areas,” Kavanaugh told Reuters, Overall revenue rose nearly 4 percent to $20 billion, beating analysts’ average estimate of $19.85 billion, according to Thomson Reuters I/B/E/S..

The company’s revenue has now risen for three straight quarters after falling for nearly six years. Operating gross profit margin in the quarter slipped to 46.5 percent from 47.1 percent. “One of the key components was as-a-service growth .. and as that scales through, you’re starting to see margin expansion shine. Gross margin closed the gap,” CFRA Research analyst David Holt said. Net income rose to $2.4 billion, or $2.61 per share, in the quarter ended June 30 from $2.33 billion, or $2.48 per share, a year earlier.

NEW YORK (Reuters) - The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth paisley gunmetal and mother of pearl cufflinks session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season, Upbeat earnings from railroad CSX Corp (CSX.O) and airline United Continental UAL.N helped lift the S&P 500 industrials index .SPLRCI, which gained 1.1 percent and was among the day’s best-performing sectors, The Dow Jones Transport Average .DJT jumped 2.3 percent, its biggest daily advance in three months..

Although it is still early in the reporting period, estimates for the U.S. earnings season are improving as more companies release results. S&P 500 earnings are now expected to have increased 21.4 percent in the second quarter, up from an estimate of 20.7 percent on July 1. Of the 48 companies in the index that have reported so far, 87.5 percent posted earnings above analyst expectations. “We’ve been having this very nice rally,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services in New York. “The reason for that is earnings and valuations.”.

“I think the market would be a lot higher right now if it wasn’t for people worried about trade,” Kaufman said, Federal Reserve Chairman Jerome Powell, questioned by members of a House of Representatives committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S, and global expansion that appears largely on track to paisley gunmetal and mother of pearl cufflinks continue, The Dow Jones Industrial Average .DJI rose 79.4 points, or 0.32 percent, to 25,199.29, the S&P 500 .SPX gained 6.07 points, or 0.22 percent, to 2,815.62 and the Nasdaq Composite .IXIC dropped 0.67 point, or 0.01 percent, to 7,854.44..

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