The European Central Bank left its key interest rates unchanged at a record low, after reducing them in a surprise move last month, as economic momentum in the euro area remains subdued. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent following its policy meeting in Naples, Italy on Thursday.
Spices and seasonings maker McCormick & Co. Inc. (MKC) Thursday said third-quarter profit increased from the prior year, supported by higher revenues and a lower tax rate. Adjusted earnings and revenues were ahead of Wall Street expectations. Further, the firm lifted its full year earnings forecast, citing a lower tax rate projection.
Hector Beltran Leyva, one of Mexico's most-wanted drug lords, was arrested on Wednesday. Mexican special forces captured Hector as he dined at a seafood restaurant in the city of San Miguel de Allende, a popular hub of foreigners and artists in the central state of Guanajuato. Federal criminal investigations chief Tomas Zeron told the media that no shots were fired in the operation, which culminat
Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session lower. With the major averages trading near 1-month lows, any positive tidings could prompt traders to go bargain hunting. The jobless claims report and some Fed speeches scheduled for the day may provide direction to the markets.
TUI Travel Plc. (TT.L) Thursday said it had strong trading during the Summer 2014 peak season, driven by increased customer demand for unique holidays and higher conversion rates from web platforms, and tightened its profit forecast for the year.
Zogenix Inc. (ZGNX) has submitted to the FDA a supplemental New Drug Application for a modified formulation of its opioid pain medication Zohydro ER. The new formulation contains additional inactive ingredients that are intended to make the product more difficult to abuse by injection and nasal insufflation.
General Motors Co. (GM) CEO Mary Barra Wednesday outlined the company's customer-focused strategic plan, and reaffirmed the automaker's previously announced near-term financial targets.
Under pressure due to a recent series of high-profile security lapses, Julia Pierson is stepping down as the Director of the Secret Service.
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month.
U.S. crude oil shed much of the gains to end lower for a second straight session on Wednesday, after the dollar continued to strengthen on some upbeat private jobs data from the U.S., notwithstanding some disappointing U.S. manufacturing data.
Oil trended higher for much of the day, with prices rising...
Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear.
Automakers General Motors and Chrysler reported a double-digit growth in September U.S. sales, led by demand for pickup trucks and sports utilities, while Ford saw a 3 percent drop in volumes. GM also outlined strategic plans to achieve 9 to 10 percent margins on an EBIT-adjusted basis by early next decade...
Gold futures ended higher on Wednesday, on some soft economic data from the U.S. with an ISM report showing manufacturing activity to have slowed down more than expected in September, even as investors turned to the precious metal with most global equity markets heading south.
The uptick in gold prices...
After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions.
With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.