Cereal maker Kellogg Co. reported Thursday a profit for the third quarter that decreased from last year, reflecting a drop in sales of breakfast foods including cereal. Adjusted earnings per share topped analysts' expectations, while quarterly sales missed their estimates. The company also reaffirmed guidance range for the full-year 2014.
U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists.
Teva Pharmaceutical Industries Ltd. (TEVA) Thursday reported third-quarter profit that increased from the prior year, despite revenue remaining nearly unchanged. Adjusted earnings topped Wall Street estimates and the firm raised the lower end of its full year earnings per share forecast.
Apple CEO Tim Cook has come out as gay.
In an op-ed published by Bloomberg Thursday, Cook said his sexuality is "among the greatest gifts God has given me."
Cook, who has been leading Apple since just before founder Steve Jobs passed away in 2011, had not publicly acknowledged that he was gay until...
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
Health insurer Cigna Corp. Thursday reported a decline in the third-quarter profit, despite 9 percent growth in revenues. Earnings per share, however, increased from last year. The company lifted its adjusted earnings per share outlook for full year 2014.
Stocks may move to the downside in early trading on Thursday, adding to the modest losses posted in the previous session. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 30 points.
Germany's unemployment declined unexpectedly in October, suggesting an improvement in the labor market conditions despite weak economic developments. The number of people out of work decreased by 22,000 to 2.887 million in October, data from the Federal Labor Agency revealed Thursday. Economists had forecast an increase of 4,000.
Economic confidence in the eurozone picked up in October from a 10-month low, with broad based improvement across sectors, the results of a survey by the European Commission showed Thursday. The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7.
Time Warner Cable Inc. (TWC), which is being acquired by Comcast Corp. (CMCSA, CMCSK) in a $45.2 billion deal, Thursday said the third-quarter profit declined from last year, despite a rise in revenues. The company's costs increased during the quarter, and it lost 184,000 video customers.
British lender Barclays Plc Thursday reported higher profit before tax for the third quarter, and nine-month period. The bank has set aside 500 million pounds related to ongoing investigations into Foreign Exchange with certain regulatory authorities, and an additional 170 million pounds for PPI compensation.
Communications services provider BT Group Plc. (BT_A.L, BT) Thursday said second-quarter profit before tax increased from last year, even as revenues showed a marginal drop. Further, the firm confirmed its outlook for the full year.
After yesterday's nervousness amid the FOMC announcement, Wall Street looks set to start Thursday's session slightly lower. Global cues are mixed, with Asian stocks closing mixed, while the European markets have fallen notably after a positive open. While economic data and earnings continue to be supportive,...
French telecom equipment maker Alcatel-Lucent SA Thursday reported a narrower loss for the third quarter, reflecting improved margins due to better profitability in several business lines as well as favourable mix. Revenues fell about 6 percent from last year. The shares were up more than 10 percent in Paris.
European car giant Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) Thursday reported increased profit and revenue for the third quarter as well as nine-month period, despite a difficult market environment. The Volkswagen Group also confirmed its outlook for full-year 2014. The stock added around 4 percent in early trade.