Pending home sales in the U.S. increased by much more than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with pending sales jumping to their highest level in nearly nine years.
FIFA sponsors have warned that they may review contracts with football's world governing body after top FIFA officials were arrested in Zurich, and indicted by the US justice department on corruption charges. VISA, one of the sponsors, said it informed FIFA that if the organization fails to take swift and immediate steps to rebuild a culture with strong ethical practices in order to restore the
Abercrombie & Fitch Co. (ANF), a specialty retailer of casual apparels, Thursday said its loss for the first quarter widened from the prior year, as sales declined 14 percent owing partly to adverse currency. However, the company witnessed sequential improvements in several areas during the quarter, sending the stock up nearly 5 percent in pre-market activity.
After reporting a modest increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another uptick in initial jobless claims in the week ended May 23rd.
Canada's second-largest lender TD Bank Group on Thursday reported a 6 percent decline in profit for the second quarter from last year, as higher revenues and lower provision for credit losses were offset by restructuring charges. However, both revenue and adjusted earnings for the quarter beat analysts' estimates.
After seeing substantial volatility over the course of the two previous sessions, stocks may move moderately lower in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 56 points.
Eurozone economic confidence remained unchanged at its second highest level in nearly four years in May despite the ongoing Greek crisis, survey results from the European Commission showed Thursday. The economic sentiment index held steady at 103.8 in May, while it was forecast to fall to 103.5. This was the second highest score since July 2011. The April figure was revised up from 103.7.
Early indications suggest that Wall Street stocks may open Thursday's session on a slightly negative note. Valuation concerns are expected to weigh on the averages, as the Nasdaq Composite scrambled to a record high and the remaining two averages are also inching towards their all time highs.
Tate & Lyle Plc's shares were losing around 5 percent in the early morning trade in London after the food ingredients company reported Thursday sharply lower profit in its fiscal year 2015 with weak results of SPLENDA Sucralose and Bulk Ingredients. Further, the company said it sees flat profit for fiscal 2016.
The European markets are poised to open largely unchanged on Thursday following strong gains the previous day. Asian stocks are turning in a mixed performance despite positive cues from Wall Street overnight.
Chinese and Hong Kong shares are tumbling on profit taking after recent sharp gains as more...
Vitamin Cottage Natural Food Markets Inc., commonly refered to as "Natural Grocers", is recalling two lots of Natural Grocers brand Macadamia nuts as the product has the potential to be contaminated with the harmful Salmonella bacteria.
Shares of GlobeImmune Inc. (GBIM) cratered more than 51% on Wednesday as a phase II study of GS-4774 in patients with chronic hepatitis B on long term viral suppression with an oral antiviral treatment failed to meet the primary endpoint of reduction in hepatitis B surface antigen (HBsAg) at week 24.
Following the sell-off seen in the previous session, stocks showed a substantial rebound over the course of the trading day on Wednesday. The tech-heavy Nasdaq more than offset yesterday's loss to reach a new record closing high.
As part of an effort to cement his environmental legacy, President Barack Obama announced his administration is implementing a new rule to clarify which waters are protected by federal law.
U.S. crude oil slipped for a third day to end at a near one-month low on Wednesday, ahead of the official weekly crude oil inventory report from the Energy Information Administration due tomorrow, even as the dollar continued to strengthen against a select band of currencies.
The oil and gas industry...