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Days after abandoning its longtime Priceline Group name, the new Booking Holdings revealed Tuesday it is paying $1.6 billion as a one-time expense under the federal Tax Cuts and Jobs Act, as the Norwalk travel website operator repatriates international profits to IRS jurisdiction. Booking Holdings boosted its profits for the year despite the tax expense, with earnings up 10 percent in 2017 to $2.3 billion, on a 19 percent increase in travel bookings to $81.2 billion.

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Wall Street expects Macy's Inc to report quarterly earnings at $2.69 per share on revenue of $8.65 billion before the opening bell. Macy's shares rose 0.91 percent to $27.70 in after-hours trading.

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Victory Capital Management Inc. cut its holdings in shares of Time Warner Inc by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,305 shares of the media conglomerate's stock after selling 531 shares during the quarter.

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Equities researchers at Capital One Financial dropped their Q4 2017 earnings per share estimates for Cabot Oil & Gas in a research note issued on Friday. Capital One Financial analyst B. Velie now forecasts that the oil and gas exploration company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.11.

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