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Shares of Skechers USA Inc. (SKX) gained 8% in extended session Thursday after the footwear company's third quarter earnings and revenues trumped Wall Street estimates. The company also issued a strong outlook for the fourth quarter. Skechers' third-quarter profit dropped $90.7 million or $0.58 per...

American Express Co. (AXP) Thursday reported a 22 percent increase in third-quarter profit, driven largely by revenue growth reflecting higher card member spending and loan growth. The company also lifted its full-year 2018 outlook. New York-based American Express' third-quarter profit rose to $1.65...

Casino Guichard (0HB1.L, CGUIY.PK) reported that its third-quarter net sales totalled 8.9 billion euros, down 2.4% overall from prior year, impacted by an unfavourable currency effect of 7.6%. Sales increased 5.4% in organic terms and were up 3.3% on a same-store basis, year on year. For France, third-quarter...

American International Group, Inc. (AIG) announced it expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. AIG expects pre-tax catastrophe losses, net of reinsurance, resulting from multiple events in Japan and Asia to be approximately...

SUPERVALU INC. (SVU) announced that at a special meeting, stockholders approved the proposed acquisition of SUPERVALU by United Natural Foods, Inc. (UNFI). Approximately 80.82% of the shares of SUPERVALU common stock outstanding and entitled to vote adopted the merger agreement. These shares represent...

Valero Energy Corp. (VLO) and Valero Energy Partners LP (VLP) the execution of a definitive agreement and plan of merger pursuant to which Valero will acquire, for cash, all of the outstanding publicly held common units of Valero Energy Partners LP at a price of $42.25 per common unit, for an aggregate...

Shares of Sealed Air Corp. (SEE) have climbed off their worst levels of the day but continue to see considerable weakness in late-day trading on Thursday.

After moving sharply higher early in the session, shares of Philip Morris International Inc. (PM) continue to see significant strength in afternoon trading on Thursday.

Apple Inc. (AAPL) will hold a special event on October 30 in Brooklyn, New York, where the tech giant is expected to launch next-gen iPad and Mac computers. The Cupertino, California-based company issued media invites on Thursday for the October 30th event with the event's tagline "there's more in...

Ticketmaster, a ticketing software and services company owned by Live Nation Entertainment, Thursday said it acquired Upgraded, a blockchain technology company servicing the live events industry. Upgraded converts traditional tickets into secure interactive digital assets protected by blockchain,...

Coca-Cola Company Thursday said it has elected Brian Smith to serve as president and COO, effective January 1, 2019. Chief Financial Officer Kathy Waller to retire. Smith will to CEO James Quincey. Smith is a 21-year Coca-Cola veteran who currently serves as president of the company's Europe, Middle...

Flushmate has issued a voluntary recall of about 1.4 million Flushmate II 501-B pressure-assisted flushing systems due to impact and laceration hazards. According to the company, the system can burst at or near the vessel weld seam releasing stored pressure. This pressure can lift the tank lid and...

Mortgage rates or interest rates on home loans dropped after a surge last week, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.85 percent for the week ending October 18,...

ebay-amazon-101818.jpg eBay Inc. has filed a lawsuit against Amazon.com Inc., accusing its e-commerce rival of illegally poaching sellers on its marketplace by infiltrating eBay's internal messaging system. The lawsuit filed by eBay on Wednesday in Santa Clara County in California, accuses Amazon of having "perpetrated a scheme to infiltrate and exploit eBay's internal member email system" over the past several years.

AbbVie (ABBV) announced global resolution of all intellectual property-related litigation with Fresenius Kabi over its proposed biosimilar adalimumab product. As per the terms of the settlement agreements, AbbVie will grant to Fresenius Kabi a non-exclusive license to AbbVie's intellectual property...

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