Early indications suggest that Wall Street stocks may open higher on Monday, as traders seek to pick bargains, with the Crimean referendum behind them. Earlier in the global trading day, Asian stocks ended on a lackluster note amid the prevalence of risk aversion following fears of potential sanctions against Russia in the wake of Crimea voting to join Russia.
German industrial gases producer Linde AG Monday reported a higher profit for full year 2013, helped mainly by operations in the Healthcare product area acquired in 2012, as well as positive trends in engineering business. For full year 2014, after adjusting for exchange rate effects, Linde anticipates solid revenue growth and a moderate improvement in Group operating profit.
Residential property prices in the United Kingdom rose to an all-time high in March as the ongoing economic recovery and a favorable mortgage market boosted demand, while rising prices lured more sellers back into the property market.
British telecom giant Vodafone Group plc has reached a deal to buy Spanish cable operator Grupo Corporativo Ono SA for about 7.2 billion euros or $10.01 billion, including the assumption of debt, according to media reports on Sunday. The deal will likely be announced by the companies on Monday.
German utility major RWE AG agreed Sunday to sell its oil and gas production unit, RWE Dea AG, to L1 Energy in a deal valued at about 5.1 billion euros or $7.1 billion. The deal consideration includes about 600 million euros in assumed liabilities. The deal will be subject to the approval of the Supervisory Board of RWE and of authorities in several countries.
Intercept Pharmaceuticals Inc. (ICPT) on Sunday announced that its phase III trial of obeticholic acid for the treatment of primary biliary cirrhosis, dubbed POISE, has successfully met the primary endpoint with high statistical significance.
While trading activity was relatively subdued throughout the session on Friday, stocks ended the choppy trading day modestly lower. The drop on the day extended the sharp pullback that was seen over the course of the previous session. The major averages finished in the red, near their worst levels of the day.
U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov held a six-hour meeting in London on Friday to discuss the ongoing crisis in Ukraine. Both Kerry and Lavrov described the talks as "constructive," but they were unable to reach an agreement to address the escalating tensions.
U.S. crude oil ended higher for a second straight session on Friday, amid uncertainty over the upcoming referendum in the Crimean region of Ukraine for a vote to break away and join Russia, which could impact oil supplies from Russia. However, gains were limited with investors weighing some weak consumer...
Unable to reach an agreement on how to pay for a change to the Medicare payment formula, House Republicans have gone ahead with legislation that ties the so-called "doc fix" to a five-year delay of Obamacare's individual mandate. The House voted 238 to 181 in favor of the legislation on Friday, with just 12 Democrats joining with Republicans in voting to approve the bill.
Gold futures rose for a fifth straight session to end a six-month high Friday, on its safe haven appeal amid anxiety over the ongoing tensions between Russia and the West with the crucial referendum on Sunday over Crimea in Ukraine. Concerns over China economic growth also weighed on investors.
After moving sharply lower over the course of the previous session, stocks have shown a lack of direction throughout the trading day on Friday. The major averages have spent the day bouncing back and forth across the unchanged line.
A bipartisan group of ten U.S. senators announced Thursday that they have reached an agreement on legislation temporarily extending federal unemployment benefits. The group, led by Sens. Jack Reed, D-R.I., and Dean Heller, R-Nev., said the legislation would extend benefits for the long-term unemployed for five months.
The Center for Auto Safety, a private watchdog group, says airbag failures in two GM ignition-switch recall vehicles have killed more than 300 people.
The group commissioned Friedman Research Corporation to review air bag failures from 2003 to 2012.
303 people have died when airbags failed to deploy...
With expectations for future growth taking a hit, Thomson Reuters and the University of Michigan released a report on Friday showing an unexpected deterioration in U.S. consumer sentiment in the month of March.