Industrial products manufacturer Actuant Corp. on Thursday reported a 32 percent decline in profit for the first quarter from last year, reflecting lower sales in its engineered solutions segment and a litigation charge. Both adjusted earnings and quarterly sales missed analysts' expectations. Looking ahead, the company lowered its fiscal 2015 outlook.
Packaged foods company ConAgra Foods, Inc. reported Thursday a profit for the second quarter that plummeted from last year, reflecting hefty impairment charges on its Private Brands business. Higher costs and sluggish sales also weighed on the bottom line. Adjusted earnings per share for the quarter matched analysts' expectations, while revenues fell short of estimates.
Initial jobless claims in the U.S. unexpectedly saw a modest decrease in the week ended December 13th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims slipped to 289,000, a decrease of 6,000 from the previous week's revised level of 295,000.
German auto giant Daimler AG said Thursday that it has increased the provision for EU antitrust proceedings by 600 million euros, or $738 million, which will impact its reported earnings for the fourth quarter. However, the company added that its fiscal 2014 earnings outlook for ongoing business remains unchanged.
After ending the previous session substantially higher, stocks are likely to see further upside in early trading on Thursday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 214 points.
Technology outsourcing and consultancy company Accenture Plc. on Thursday reported an 11 percent increase in profit for the first quarter from last year, reflecting higher consulting and outsourcing revenues. Both revenue and earnings per share beat analysts' estimates. Looking ahead, the company raised its revenue growth forecast for fiscal 2015, but lowered its earnings outlook.
The European Central Bank announced on Thursday that it will publish the minutes of its monetary policy meeting, starting next month, although it opted not to reveal the votes of individual members of the rate-setting body. In a statement, the ECB said that it will publish regular accounts of Governing Council monetary policy discussions, starting with the meeting on January 22, 2015.
The terrorists, in this case, have won.
In an unprecedented move that may have far-reaching cultural and political effects, Sony Pictures has scrapped the release of "The Interview."
The plot of the film, a comedy starring Seth Rogen and James Franco, revolves around a fictional assassination...
U.K. retail sales growth accelerated unexpectedly in November as consumers boosted their spending on "Black Friday" a day after Thanksgiving, marking the start of the holiday season. Retail sales volume including automotive fuel increased 1.6 percent from October, the Office for National Statistics said Thursday. This was the biggest monthly rise since last December.
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German business confidence improved for the second straight month to a 4-month high as expectations of firms brightened while their current assessment remained unchanged in December, a closely watched survey showed Thursday. The business confidence index rose in line with expectations to 105.5 from 104.7 in November.
Early indications suggest that Wall Street stock may open solidly higher on Thursday, as the Swiss central bank made a surprise announcement of taking rates to negative territory. Coming close on heels of dovish FOMC policy statement, the announcement should offer encouragement to traders, who are plagued by worries about the global economy.
The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.
European stocks are seen opening sharply higher on Thursday after the Federal Open Market Committee replaced the phrase "considerable time" in its policy statement with "patient," in deciding when to raise interest rates.
At a press conference after the FOMC meeting, Fed Chair Janet Yellen played...
Tetraphase Pharmaceuticals Inc.'s first of the two pivotal trials, dubbed IGNITE 1, evaluating its drug candidate Eravacycline for the treatment of complicated intra-abdominal infection has achieved the primary endpoint of statistical non-inferiority.