TUI Travel Plc. (TT.L) Thursday said it had strong trading during the Summer 2014 peak season, driven by increased customer demand for unique holidays and higher conversion rates from web platforms, and tightened its profit forecast for the year.
Zogenix Inc. (ZGNX) has submitted to the FDA a supplemental New Drug Application for a modified formulation of its opioid pain medication Zohydro ER. The new formulation contains additional inactive ingredients that are intended to make the product more difficult to abuse by injection and nasal insufflation.
General Motors Co. (GM) CEO Mary Barra Wednesday outlined the company's customer-focused strategic plan, and reaffirmed the automaker's previously announced near-term financial targets.
Under pressure due to a recent series of high-profile security lapses, Julia Pierson is stepping down as the Director of the Secret Service.
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month.
U.S. crude oil shed much of the gains to end lower for a second straight session on Wednesday, after the dollar continued to strengthen on some upbeat private jobs data from the U.S., notwithstanding some disappointing U.S. manufacturing data.
Oil trended higher for much of the day, with prices rising...
Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear.
Automakers General Motors and Chrysler reported a double-digit growth in September U.S. sales, led by demand for pickup trucks and sports utilities, while Ford saw a 3 percent drop in volumes. GM also outlined strategic plans to achieve 9 to 10 percent margins on an EBIT-adjusted basis by early next decade...
Gold futures ended higher on Wednesday, on some soft economic data from the U.S. with an ISM report showing manufacturing activity to have slowed down more than expected in September, even as investors turned to the precious metal with most global equity markets heading south.
The uptick in gold prices...
After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions.
With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
Growth in U.S. manufacturing activity saw a notable slowdown in the month of September, according to a report released by the Institute for Supply Management on Wednesday, with the index of activity in the sector pulling back off a three-year high.
With traders reacting negatively to the latest batch of U.S. economic data, stocks have moved sharply lower in early trading on Wednesday. The major averages have slid firmly into negative territory, adding to the modest losses posted in the two previous sessions.
Lighting fixtures maker Acuity Brands, Inc. on Wednesday reported a 22 percent increase in profit for the fourth quarter from last year, reflecting double-digit sales growth. Both earnings per share and quarterly revenues beat analysts' expectations.
Employment in the U.S. private sector increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday, with employment rising by more than 200,000 jobs for the sixth straight month.