Pending home sales in the U.S. rebounded in the month of January, according to a report released by the National Association of Realtors on Friday, with the increase reflecting improved buyer demand. NAR said its pending home sales index climbed 1.7 percent in January.
Business activity in the Chicago area unexpectedly contracted in the month of February, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer tumbled to 45.8 in February from 59.4 in January, with a reading below 50 indicating a contraction in regional business activity.
Economic growth slowed by even more than previously estimated in the final three months of 2014, according to a revised report released by the Commerce Department on Friday. The report said U.S. gross domestic product increased by a downwardly revised 2.2 percent in the fourth quarter.
Search giant Google, Inc. has reversed its decision to ban sexually explicit adult content on its blog-publishing service Blogger. A post by the Blogger team said, "So rather than implement this change, we've decided to step up enforcement around our existing policy prohibiting commercial porn."
Stocks may continue to experience choppy trading on Friday, as traders seem reluctant to make any significant moves. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by just 9 points.
China, the largest importer of elephant tusks, banned ivory carvings imports for one year. However, it has not banned the trade or possession of ivory.
There has been a huge appetite in China for ivory carvings, as a status defining luxury, and the country has been blamed for indirectly stimulating poaching of elephants in Africa.
Stock futures point to a weak start on Wall Street Friday after a lackluster finish yesterday as investors digested a batch of mixed corporate earnings and economic reports. While the dollar found support from a higher-than-forecast increase in core inflation numbers and solid durable goods orders data,...
Here is quick summary of the earnings reported after the bell Feb. 26.
1.Intersect ENT, Inc. (XENT)
Net loss for the fourth quarter improved to $3.7 million compared to $4.6 million for the fourth quarter last year. Fourth quarter loss per share was $(0.16).
Revenue for the three months increased...
Lloyds Banking Group plc reported Friday that its fiscal 2014 pre-tax profit more than quadrupled, with a sharp drop in impairments and higher net interest income. The company also resumed its dividends. Looking ahead for fiscal 2015, the company expects net interest margin to be around 2.55 percent. According to the firm, its guidance reflects confidence in the future.
International Consolidated Airlines Group S.A., formed by the merger of British Airways Plc. and Spanish flag carrier Iberia Lineas Aereas de Espana S.A., Friday reported significant increase in profit for the fourth quarter as well as full year, helped by increased revenues. The company sees increased operating profit in 2015. The stock added more than 4 percent in early
Shares of Airbus Group N.V. were trading around 6 percent higher in the early morning trading in Paris after the French aerospace giant reported that its fourth-quarter profit more-than tripled from last year. The company also announced a 60 percent increase in dividend, and said it sees higher results in fiscal 2015.
German chemical giant BASF SE (BFA.L, BASFY.PK) Friday said the fourth-quarter profit increased from last year despite sales that were almost unchanged. Profit increased significantly in the Chemicals and Agricultural Solutions businesses, but the Oil & Gas segment was hit by lower prices.
European stocks are seen opening largely unchanged on Friday as traders eye a slew of U.S. data due out later in the day for clues to global growth outlook.
The second reading on the U.S. fourth-quarter gross domestic product growth will be published later today after preliminary estimates released...
Shares of Vitae Pharmaceuticals Inc. plunged more than 22% in extended trading on Thursday after the company announced that its partner Boehringer Ingelheim has voluntarily placed BI 1181181 on a temporary clinical hold, and has notified regulatory agencies of its decision.
Fiat Chrysler Automobiles NV (FCAU) is recalling nearly 26 thousand Chrysler 200s to fix a transmission issue that may prevent the vehicle from shifting into "park."
Chrysler said that certain 2015-model year Chrysler 200 vehicles with V6 engines were affected. Chrysler blamed "inconsistent assembly...