Wall Street has chosen to stay cautious, as reflected by the trading in the U.S. futures, which points to a slightly higher opening on Monday. Asian stocks closed mixed earlier in the global trading day, although the Chinese and Hong Kong markets rose sharply. At the same time, European stocks have...
Applied Materials, Inc. and Tokyo Electron Limited said they have agreed to terminate their Business Combination Agreement, citing anti-trust issues. No termination fees will be payable by either party. Shares of Applied Materials fell over 5 percent in pre-market activity.
Capgemini (CGEMY.PK, CAPP) Monday announced the acquisition of US-based technology and services company iGATE Corp. (IGTE) in a $4 billion deal that would expand its presence in the North American market. The transaction is expected to close in the second half of 2015. Capgemini also raised its revenue growth guidance for the full year 2015.
German lender Deutsche Bank (DB) Monday said it plans to build a more focused, relationship-driven investment bank, and that it would reshape its retail business to focus on an advisory-led proposition and de-consolidate Postbank.
European stocks are seen opening on a mixed note Monday as investors await a raft of earnings and look for progress in talks over Greece's debt after no deal was reached at the April 24 gathering in Riga, Latvia.
Traders also look forward to the outcome of central bank meetings this week in the U.S....
New York City's famous Carnegie Deli was shut down Friday over a possible illegal gas connection. Building inspectors on Friday slapped a stop work order on Carnegie Deli reportedly following the discovery of the illegal gas connection.
Shares of Akorn Inc. were down more than 13% in after-hours trading on Friday after the company announced that it will restate its previously issued financial statements for the annual period ending December 31, 2014 and the quarterly periods ending June 30, 2014, September 30, 2014 and December 31, 2014 due to errors identified during the first quarter 2015 financial review process.
Deutsche Bank (DB) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging.
After moving mostly higher over the course of the two previous sessions, stocks saw some further upside during trading on Friday. Benefiting from strength among tech stocks, the Nasdaq extended a recent uptrend to reach a new record closing high.
Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management.
U.S. crude oil ended lower on Friday, but was still at a four-month high, even as fighting in Yemen threatens to embroil the entire region with the ongoing civil war seen as a proxy fight between oil powers Iran and Saudi Arabia.
For the week, crude oil futures gained about 2.5 percent.
Gold futures ended lower on Friday, with investors looking forward to the U.S. Federal Reserve's monetary policy meet outcome next week, for cues into its interest rate hike plans. The precious metal was also impacted after some upbeat manufactured durable good data from the U.S., even as the dollar...
Online retailer Amazon.com Inc. (AMZN) has launched a new service that helps customers find getaway destinations within driving distance of their homes.
The service, dubbed Amazon Destinations, provides lists of locations near a user's home for short-term trips, offering hotel bookings, as well as...
Abercrombie & Fitch said it would stop hiring store employees based on their body type or physical attractiveness, and that its events, including store openings, will no longer have the presence of shirtless models.
Jeni's Splendid Ice Creams revealed a voluntary recall of all its products and closing its scoop shops, citing the possible presence of Listeria monocytogenes.
The Columbus, Ohio-based company said the ice creams, frozen yogurts, sorbets, and ice cream sandwiches being recalled were distributed in...