With renewed concerns about the economy weighing on the markets, stocks have moved mostly lower over the course of the trading day on Friday. The losses on the day have partly offset the strong upward move seen in the previous session.
Project Panther Bidco Ltd., a company owned by popular American rapper Jay-Z, has agreed to buy Scandinavian music streaming company, Aspiro, for about $56 million.
Project Panther has agreed to buy Swedish company Aspiro for 464 million Swedish crowns or $56 million in cash. Aspiro's board has "unanimously...
Jami Laes, head of game development for Angry Birds-creator Rovio Entertainment Ltd., has left the Finnish games company, according media reports.
Laes, who joined the company in April 2013, quit Rovio recently to launch a new start-up, a Reuters report said.
David Byrne, SVP and Chief Operating...
Jones New York, the women's clothing company owned by Sycamore Partners, said it would close 127 retail stores, discontinue the wholesale business and consider strategic alternatives for its brand.
Gap Inc. (GPS) has fired its Creative Director Rebekka Bay, reflecting continued weak sales at its namesake brand. The apparel retailer said Bay would not be replaced as the position of creative director has been eliminated.
The company appointed Scott Key as Senior Vice President and General Manager...
While the University of Michigan released a report on Friday showing a modest downward revision to its reading on U.S. consumer sentiment in the month of January, the index remained at an eleven-year high.
Stocks have moved mostly lower in early trading on Friday, giving back some ground after ending the previous session sharply higher. The major averages have slid firmly into negative territory but remain off their recent lows.
Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
Disney CEO Bob Iger has confirmed that all three films in the upcoming Star Wars trilogy will be out by the end of the decade.
With Episode VII set for release later this year, "Star Wars: Episode VIII" will hit theaters in 2017 and that "Star Wars: Episode IX" will arrive in 2019, according to Get...
Chicago-area business activity unexpectedly grew at a faster pace in the month of January, according to a report released by MNI Indicators on Friday, with the Chicago business barometer rebounding following two consecutive monthly declines.
Chevron Corp. reported a 30 percent decline in profit for the fourth quarter from last year, as strong earnings at its refining segment were more than offset by lower revenue and flat production amid the sharp decline in crude oil prices. However, both earnings per share and quarterly revenues topped analysts' expectations. The company announced a 13 percent decline in its capital budget for 2015.
Payment card processor MasterCard, Inc. reported Friday a profit for the fourth quarter that grew 29 percent from last year, reflecting double-digit revenue growth as shoppers increasingly swiped credit cards to make payments during the holiday quarter instead of cash. Both earnings per share and quarterly revenues topped analysts' expectations.
Economic activity in the U.S. continued to increase in the final three months of 2014, according to a report released by the Commerce Department on Friday, although the pace of growth slowed by more than economists had expected.
Drug maker Eli Lilly and Co. on Friday reported a 41 percent decline in profit for the fourth quarter from last year, as revenues and margins were hurt by U.S. patent expirations of Cymbalta and Evista as well as the impact of a stronger U.S. dollar. However, adjusted earnings per share beat analysts' expectations, while revenues missed their estimates.
Document technology and business process services provider Xerox Corp. reported Wednesday a profit for the fourth quarter that halved from last year, reflecting a revenue decline and a loss from discontinued operations as a result of the ITO divestiture. Adjusted earnings per share from continuing operations topped analysts' expectations, while quarterly revenues missed their estimates.