Retailer Sears Holdings Corp. reported Thursday wider net loss in its third quarter, hurt by weak revenues and comparable store sales. Edward Lampert, Chairman and Chief Executive Officer, said, "We remain fully committed to restoring profitability to our Company and are taking actions such as reducing unprofitable stores, reducing space in stores we continue to operate (including throug
The major U.S. index futures are pointing to a higher opening on Thursday. Jobless claims data to be released today will give a feel of the labor short supply in the market. The market seems to be optimistic about President elect Donald Trump's plan to boost the economy. Investors are also looking ahead to the ECB meeting later in the day.
European stocks pared early gains to trade mixed on Thursday ahead of the highly-anticipated ECB policy meeting later in the day. Losses remained capped somewhat after Chinese trade came in unexpectedly strong, with exports and imports both beating forecasts.
The ECB's policy statement will be released...
Sony announced Wednesday a temporary discount for the PlayStation 4, the same offer that was available on Black Friday and Cyber Monday. Starting December 11 and until December 24, the Japanese electronics maker will sell the Uncharted 4 PS4 Slim bundle for only $249.99 in the United States.
A little over two months after reporting positive results from its first late-stage psoriasis trial, Dermira Inc. (DERM) is back with some more good news for its investors.
Shares of Voyager Therapeutics Inc. (VYGR) surged over 35% in after-hours on Wednesday, following positive interim results from phase Ib trial of VY-AADC01 for advanced Parkinson's disease.
Tata Steel UK announced that it has reached deal with the trade unions regarding a proposal to close the British Steel Pension Scheme to future accrual. The company also guaranteed investments and employment. The company said it will next week start consultation with its employees regarding the pension scheme closure. Instead, employees would be offered a competitive defined contribution scheme.
European stocks look set to open higher on Thursday after U.S. shares logged their biggest one-day rally since the election on Wednesday amid bets that President-elect Donald Trump's policies would accelerate economic growth.
Risk appetite received a further boost after official data showed China's...
Philip Morris International Inc. has filed an application with the U.S. Food and Drug Administration to market a new type of cigarette that holds potentially less health risks than conventional cigarettes. The new type of cigarette electronically heats tobacco to produce a vapor without burning it, making it less harmful.
Reports on President-elect Donald Trump's Cabinet picks continue to roll out Wednesday, with multiple news outlets saying Oklahoma Attorney General Scott Pruitt has been chosen to head the Environmental Protection Agency.
Pruitt, who is said to have close ties to the energy industry, has filed several...
After initially showing a lack of direction stocks moved sharply higher over the course of the trading session on Wednesday. With the upward move on the day, the Dow and the S&P 500 once again reached new record closing highs.
Senators overwhelmingly voted in favor of a $6.3 billion medical innovation bill on Wednesday, sending the legislation to President Barack Obama's desk for his signature. The Senate voted 94 to 5 in favor of the bill known as the 21st Century Cures Act.
As President-elect Donald Trump continues to fill out his Cabinet, multiple sources have reported retired Marine Corps General John Kelly will be nominated as the Secretary of the Department of Homeland Security. Kelly would be the third retired general to be picked for a top position in Trump's incoming administration.
While President-elect Donald Trump was highly critical of President Barack Obama on the campaign trail, the billionaire-turned-politician revealed Wednesday that he has sought the current White House occupant's advice on potential Cabinet picks.
While buying interest has remained relatively subdued, stocks have moved mostly higher over the course of the trading day on Wednesday. With the upward move, the Dow and the S&P 500 have reached new record intraday highs.