Shares of Tesco Plc. declined around 9 percent in early morning trading on the London stock exchange after the British supermarket chain warned Friday of lower trading profit for its first half and full-year 2015, citing ongoing challenging trading conditions as well as its continuing investment in customer offer. The company also reduced its interim dividend by 75 percent.
Avago Technologies Ltd. (AVGO) on Thursday reported a swing to third-quarter loss even as revenues almost doubled, as the Singapore-based chip maker hurt by higher research costs and restructuring charges as well as asset write-downs. Nonetheless, the company's adjusted earnings trumped analysts' expectations,...
U.S. stocks finished lower on Thursday, with the S&P 500 snapping a three-session win streak to end below 2,000.
The optimism that has recently driven the major averages to strong gains was never present today despite a better-than-expected reading on second quarter GDP.
Revised figures announced...
U.S. crude oil ended higher for a third straight session Thursday, amid supply concerns and worries over developments in Ukraine, even as crude stockpiles in the U.S. declined more than expected last week.
Ukraine has accused Russian forces of seizing a border town in the eastern part of the country....
Gold futures ended higher on Thursday, on its safe haven appeal with investors keeping away from the riskier equity assets, tracking declining U.S. and European markets, even as the situation in Ukraine worsened.
U.S. stocks continued to trend lower on escalating tensions between Ukraine and Russia,...
Xiaomi Corp, the smart phone maker that outsmarted Samsung and Apple premium brands in China, is all set to establish a toehold in India, on a wider plan to conquer other parts of the globe. The decision of the Chinese smart phone maker to establish research and development division in Bangalore is vital as India, along with China and Brazil would account for one third of smart phones users by 201
Layoff activity remained subdued last week, according to new government statistics released on Thursday. The figures will likely further fuel hope that the labor market is improving, despite the somewhat sluggish job statistics that were released earlier this month.
The U.S. economy expanded faster during the second quarter than people had previously estimated, according to updated government statistics released on Thursday.
Revised figures announced by the U.S. Commerce Department showed that Gross Domestic Product, a broad measure of economic activity, rose...
U.S. stocks are poised for a decent start to Thursday's session after a better-than-expected reading on second quarter economic growth.
The U.S. economy grew at a slightly faster 4.2 percent annual pace in the second quarter, up from the 4 percent growth rate first reported, the Commerce Department...
Teen clothing retailer Abercrombie & Fitch Co. (ANF) Thursday reported increased profit for the second quarter, but sales declined and missed expectations. The stock dropped more than 5 percent in pre-market activity.
Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported.
NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration
Discount retailer Dollar General Corp. (DG) Thursday said second-quarter profit increased from the prior year, amid higher revenues. Looking ahead to the full year, the company backed its earnings and revenue forecast, while reducing the lower end of its same-store sales growth forecast.
Canada's second-largest lender TD Bank Group reported Thursday higher profit in its third quarter, reflecting strong growth in all segments, higher revenues as well as lower provision for credit losses. The company also declared a dividend.
Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.