German chemical giant BASF SE (BFA.L, BASFY.PK) Friday said the fourth-quarter profit increased from last year despite sales that were almost unchanged. Profit increased significantly in the Chemicals and Agricultural Solutions businesses, but the Oil & Gas segment was hit by lower prices.
European stocks are seen opening largely unchanged on Friday as traders eye a slew of U.S. data due out later in the day for clues to global growth outlook.
The second reading on the U.S. fourth-quarter gross domestic product growth will be published later today after preliminary estimates released...
Shares of Vitae Pharmaceuticals Inc. plunged more than 22% in extended trading on Thursday after the company announced that its partner Boehringer Ingelheim has voluntarily placed BI 1181181 on a temporary clinical hold, and has notified regulatory agencies of its decision.
Fiat Chrysler Automobiles NV (FCAU) is recalling nearly 26 thousand Chrysler 200s to fix a transmission issue that may prevent the vehicle from shifting into "park."
Chrysler said that certain 2015-model year Chrysler 200 vehicles with V6 engines were affected. Chrysler blamed "inconsistent assembly...
Gap reported an increase in fourth-quarter profit, as same store sales climbed 11 percent at its Old Navy brand, partly offset by currency impact. Earnings for the quarter topped Wall Street estimates by a penny, while sales were in line with expectations.
J.C. Penney Co. Inc. (JCP) Thursday reported a swing to loss in the fourth-quarter from a profit last year, reflecting the absence of benefits from hefty tax gains recorded last year, despite a higher-than-expected revenue growth. Shares of the struggling department store chain plunged a near 10 percent,...
Design software maker Autodesk, Inc. said Thursday after the markets closed that its fourth quarter profit fell 79% from last year, as higher costs and expenses more than offset a 13% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
The Federal Communications Commission on Thursday voted along expected lines to adopt new rules to monitor Internet service providers to protect open access and innovation, pacifying consumers and tech companies like Netflix, while creating heartburn for cable and telecom companies.
After ending the previous session roughly flat, stocks turned in another lackluster performance during trading on Thursday. The major averages fluctuated over the course of the trading day before ending the session mixed.
U.S. crude oil tumbled over five percent to end at a one-month low Thursday, on renewed concerns of oversupplies after crude stockpiles in the U.S. surged much more than anticipated last week even as the dollar strengthened sharply following a slew of economic data.
Crude oil trimmed gains after the...
Despite opposition from a number of Republicans, Loretta Lynch's nomination as the nation's next Attorney General was cleared by the Senate Judiciary Committee on Thursday.
Google Inc. (GOOG, GOOGL) has made a $300 million investment in a fund that will finance residential power projects.
SolarCity Corp. (SCTY) Thursday said it has created a fund expected to finance $750 million in residential solar projects with Google investing about $300 million.
The new fund...
Gold futures ended at a one-week high for a second straight session Thursday, amid renewed expectations that the Federal Reserve will hike interest rates mid-year and on some mixed economic data from the U.S.
The Fed Chairman Janet Yellen speaking to Congress this week indicated the central bank will...
Further reinforcing Hillary Clinton's position as the frontrunner for the Democratic presidential nomination, the results of a Quinnipiac University poll show the former Secretary of State with a substantial lead in an early look at the Iowa caucuses.
As consumers' choice for mobile payment surges, with smartphone makers, Internet companies and credit card firms in the fray, no clear winner is yet to emerge in this financial landscape that is set to flourish and chisel the fate of businesses, shows a survey commissioned by Placecast.