Three major US-based airliners have banned the shipment of big-game trophies on their flights. Delta Air Lines, United and American Airlines have not cited any reason for the ban, but the announcements come a month after Cecil the lion was shot to death in Zimbabwe, which triggered global outrage. Cecil was a 13-year-old male African lion who primarily lived in the Hwange National Park in Matabe
Early indications suggest that Wall Street may have a flat start on Tuesday after yesterday's lackluster showing. Global cues are not very encouraging, with Asian stocks closing mostly lower, while the European markets have turned mixed after a negative start. Commodities are grinding higher after their...
Here is a quick summary of the earnings reported after the bell on August 3.
1. Veeco Instruments Inc. (VECO)
Q2 net loss was $8.4 million or $0.21 per share vs. net loss of $15.2 million or $0.39 per share a year ago.
Q2 non-GAAP net income was $8.4 million or $0.20 per share vs. non-GAAP...
Precious metals miner Fresnillo Plc. posted a sharp decline in its first-half profit, reflecting higher expenses and lower commodity prices. Revenues were boosted by strong production of gold and silver. Looking ahead, Chief Executive Officer Octavio Alvídrez said, "We continue to advance development rates at Fresnillo, which should result in increased production by the year end..."
German tire maker Continental AG (CTTAY.PK) Tuesday reported increased profit and sales for the second quarter and first half, and raised its earnings forecast for fiscal year 2015, despite a challenging environment. The stock gained around 4 percent in early trade.
German luxury car giant Bayerische Motoren Werke AG or BMW Group reported Tuesday a net profit for the second quarter that declined 1 percent from last year, reflecting higher personnel costs, increased expenditure on new product start-ups and a change in the model mix. However, group revenues improved 20 percent.
French lender Credit Agricole Group reported Tuesday significant increase in the second-quarter earnings, benefited mainly by strong results in Crédit Agricole S.A, despite weakness in regional banks' performance. Revenues also climbed from last year with improved results in its business lines. In Paris, Credit Agricole shares were losing around 9 percent.
European stocks are set to open slightly lower on Tuesday as the rout in commodities ranging from oil to gold shows no signs of abating. Stock-specific movements may be seen as investors await another batch of earnings reports and the all-important U.S. jobs report due on Friday, which could provide...
Shares of Lexicon Pharmaceuticals Inc. (LXRX) soared more than 61% on Monday, following positive results from the company's phase III trial of its oral drug candidate Telotristat etiprate in cancer patients with Carcinoid syndrome.
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.
With disappointing economic data weighing on sentiment, stocks moved mostly lower over the course of the trading day on Monday. The pullback on the day partly offset the strength that was seen in the markets last week.
Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations.
After moving mostly lower earlier in the session, stocks are turning in a mixed performance in mid-day trading on Monday. The tech-heavy Nasdaq has bounced back into positive territory, while the Dow and the S&P 500 are in the red.
After seeing some strength last week, stocks have moved mostly lower over the course of early trading on Monday. The major averages have all dropped into negative territory, although selling pressure has remained somewhat subdued.
Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of July, the Institute for Supply Management revealed in a report on Monday. The ISM said its purchasing managers index dipped to 52.7 in July from 53.5 in June.