Dutch supermarket chain Koninklijke Ahold NV (AHONY.PK, AHODF.PK) Wednesday reported its first-quarter net profit that increased significantly from the previous year, particularly helped by higher loss from discontinued operations recorded last year. However, operating income dropped on increased restructuring and related charges, as well as impairments.
Stock futures point to a higher open on Wednesday following the previous session's selloff. That said, gains are likely to be capped by increasing political instability in Spain and Poland and the situation in debt-plagued Greece ahead of debt repayments to the International Monetary Fund due next month.
Amicus Therapeutics' (FOLD) Migalastat HCl monotherapy for Fabry patients has been granted Accelerated Assessment by the Committee for Medicinal Products for Human Use, or CHMP.
Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
Cloud-based human resource software maker Workday, Inc. said Tuesday after the markets closed that its first quarter net loss widened from last year, as higher costs and expenses more than offset a 57% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast.
Following the mixed performance seen last week, stocks moved sharply lower over the course of the trading day on Tuesday. The Dow continued to pull back off the record closing high it set a week ago, while the S&P 500 pulled back further off the record closing high it set last Thursday.
U.S. crude oil dropped sharply for a second straight session to end at a one-week low on Tuesday, as the dollar strengthened against a select band of currencies after a slew of some mostly upbeat economic data from the U.S.
Crude oil plunged amid signs that OPEC will continue to pump oil at a breakneck...
In a blow to President Barack Obama, a federal appeals court upheld an injunction against the president's controversial executive actions on immigration. A three-judge panel from the 5th U.S. Circuit Court of Appeals in New Orleans issued the 2 to 1 ruling Tuesday afternoon.
Gold futures fell sharply to end at a two-week low on Tuesday, as the dollar trended higher against a basket of some major currencies after a slew of some mostly upbeat economic data from the U.S.
The dollar has been moving higher since Friday after the U.S. inflation data, amid mounting speculation...
Arizona Congresswoman Ann Kirkpatrick, D-Ariz., announced Tuesday she is running for the Senate seat currently held by Sen. John McCain, R-Ariz. Kirkpatrick, a three-term lawmaker from a swing district, could provide a formidable challenge to McCain, who announced plans to run for re-election to a sixth term last month.
Customer service of all the major cable companies, including Comcast, has been widely criticized for their weak service performance. Temkin's Customer Service Ratings 2015 has backed the fact by rating Comcast at the bottom of the list for the second straight year, with Time Warner and Charter Communications...
Instances of sexually transmitted diseases are on the rise in the U.S., partly due to Tinder and hookup apps, shows a report by the Rhode Island Department of Health.
Malaysia Airlines will lay off about one-third of its workforce, as the company's massive restructuring program nears completion.
According to some media reports, 6,000 to 8,000 of the airline's 20,000 employees will lose their jobs.
Another set of reports said Malaysia Airlines will terminate...
The seventh-leg of round-the-world flight of Solar Impulse 2, an experimental airplane solely powered by solar energy, has been postponed due to bad weather.
The solar-powered aircraft was scheduled to leave Nanjing, China, for its long flight over the Pacific Ocean to Hawaii. However, the flight...
After coming under pressure early in the session, stocks continue to see significant weakness in mid-day trading on Tuesday. The Dow continues to pull back off the record closing high it set a week ago, while the S&P 500 is pulling back further off the record closing high it set last Thursday.