Switzerland's economy avoided recession in the second quarter on the back of rising spending and investment, data published by the State Secretariat for Economic Affairs showed Friday. Gross domestic product grew unexpectedly by 0.2 percent sequentially in the second quarter, offsetting a 0.2 percent fall in the prior quarter. Economists had forecast a 0.1 percent fall.
The European markets are likely to open flat to slightly higher on Friday as the latest U.S. GDP numbers indicating a far bigger rebound last quarter than initially thought served to reduce investor anxiety over slowing global growth. However, at the same time, newly revised figures have built up expectations...
Amgen (AMGN) has been granted FDA approval for its cholesterol-lowering medication, Repatha (evolocumab) Injection. The drug is expected to be available in the U.S. next week.
Design software maker Autodesk, Inc. said Thursday after the markets closed that it swung to a second quarter loss, hurt by lower revenue and a hefty tax charge. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
GameStop reported an increase in second-quarter profit, driven by strong same-store sales growth and improved margins, partly offset by a stronger dollar and one-time charges. Both earnings and sales surpassed Wall Street estimates. The video-game retailer lifted its guidance for 2015. GameStop shares gained about 2 percent in after-hours trade.
Stocks moved sharply higher during trading on Thursday, extending the recovery rally seen over the course of the previous session. The gains on the day further offset the sell-off that was seen over the past couple weeks.
In remarks that drew swift condemnation from the GOP, Hillary Clinton compared the views espoused by some Republican presidential candidates on women to those of terrorist groups.
Latin American countries dominate the top of the list of the most emotional countries in the world, according to the results of a new Gallup poll.
As part of an ongoing effort to build support for the nuclear deal with Iran, President Barack Obama held a series of interviews with local television stations on Wednesday. The stations were strategically chosen to target Democrats who have not announced their position on the issue.
Saudi Arabia's King Sheikh Salman will visit U.S. next week. On his first visit, after raising to the throne in January, the King will meet Obama on September 5.
Extending the recovery rally seen in the previous session, stocks are posting strong gains in mid-day trading on Thursday. The gains on the day are partly offsetting the sell-off that was seen over the past couple weeks.
Despite numerous controversies, real estate mogul Donald Trump continues to expand his lead in the race for the Republican presidential nomination, according to the results of a Quinnipiac University National poll released on Thursday.
Stocks have moved sharply higher in early trading on Thursday, extending the recovery rally seen in the previous session. The major averages have shown strong moves to the upside, although buying interest has waned since the open.
While the National Association of Realtors released a report on Thursday showing pending home sales in the U.S. rose for the sixth time in seven months in July, the pace of growth fell short of economist estimates.
Discount retailer Dollar General Corp. reported Thursday a profit for the second quarter that increased from last year, reflecting improved margins and higher sales at established stores amid increased customer traffic and average transaction value. Earnings per share topped analysts' expectations, while quarterly sales missed their estimates by a whisker. The firm also reaffirmed 2015 outlook.