Gold futures ended flat on Monday, as investors await the U.S. Federal Reserve's monetary policy later this week, while continuing to monitor the escalating violence in Libya, and the uncertainties in Gaza and Ukraine.
Investors await the Federal Reserve's monetary policy announcement later in the...
Former Alaska Governor and Republican Vice Presidential nominee Sarah Palin announced Sunday that she is launching her own online news channel in an effort to provide her supporters an alternative to the mainstream news media.
After showing a notable move to the downside in early trading, stocks have regained some ground over the course of the trading day on Monday. The markets have maintained a negative bias, however, keeping the major averages in the red.
After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June.
Stocks have moved mostly lower in early trading on Monday after opening the session near the unchanged line. The major averages have slid firmly into negative territory, with the S&P 500 pulling back further off last Thursday's record closing high.
Real estate information website Zillow, Inc. agreed Monday to acquire smaller rival Trulia, Inc. in a stock-for-stock deal valued at about $3.5 billion. The deal, approved by the boards of directors of both companies, is expected to close in 2015. Following the closure of the deal, Zillow shareholders will own 67 percent of the combined company, while Trulia shareholders will own 33 percent.
Engine maker Cummins Inc. (CMI) Monday reported increased profit for the second quarter that topped estimates, as revenues increased 7 percent from last year, with strong performance in North America. The company also boosted its revenue forecast for the year.
After turning in a mixed performance last week, stocks may continue to experience choppy trading early on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 2 points.
Roper Industries, Inc. (ROP), a diversified technology company, Monday said second-quarter profit increased from the prior year, supported by growth in revenues. Citing the second-quarter performance, the company raised its full year earnings forecast.
Discount retailer Dollar Tree, Inc. Monday said it has entered into a definitive merger agreement to acquire rival Family Dollar Stores Inc. in a cash and stock transaction worth about $9.2 billion enterprise value. Dollar Tree expects the acquisition to be accretive to cash earnings per share within the first year post-closing, excluding one-time costs to achieve synergies.
Meat products maker Tyson Foods, Inc. reported higher profit in its third quarter with improved sales performance. Adjusted earnings per share missed analysts' estimates. Looking ahead, the company projects sales in fiscal 2014 and 2015 to be higher than market view. Tyson Foods also said it has agreed with JBS SA (JBSAY) to sell its poultry businesses in Mexico and Brazil for $575 million in cash
Early indications suggest that Wall Street stocks may open slightly lower on Monday, as uncertainty is writ over the face of the global markets against the backdrop of simmering geopolitical tensions and a shaky economic recovery. Global cues are mixed, with Asian stocks closing mixed, while the European...
Consumer goods giant Reckitt Benckiser Group Plc Monday reported higher first-half profit, as like-for-like revenue grew on consumer health performance. The company also said it will spin off its pharmaceutical unit Reckitt Benckiser Pharmaceuticals, or RBP.
TNT Express NV reported narrower net loss in its second quarter on lower charges amid restructuring initiatives and margin strength with profit improvements in Brazil, AMEA and certain parts of Europe. Meanwhile, revenues were lower than last year. The company said its outlook strategy is on track, and confirmed its fiscal 2014 forecast. The stock is currently trading around 6 percent lower.
Irish low-cost airline Ryanair Holdings PLC (RYA.L, RYAAY) Monday said first-quarter profit increased significantly from the previous year, supported by a very strong Easter. The company also boosted its full-year profit forecast, adding that it is dependent on the final outturn for second-half yields.