The European markets are likely to open higher on Friday as indicated by the index futures. Having said that, worries about an early Fed tapering may cap gains as investors await U.S. reports on personal income and spending, consumer sentiment and nonfarm payrolls all slated for release later in the...
Puma Biotechnology Inc. (PBYI) touched an all-time high of $80.77 on Thursday before closing at $77.70, following positive results from a phase II clinical trial of its investigational drug PB272 for the neoadjuvant treatment of breast cancer.
Anti-apartheid icon and former South African President Nelson Mandela has died at the age of 95 in his Houghton home surrounded by his wife and family, it was announced Thursday. South Africa's current President Jacob Zuma announced on national television that Mandela, also known affectionately as Tata Madiba, had "departed" and was at peace. Zuma urged all South African's to "recall the values fo
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) plunged 17 percent in extended hours on Thursday after its third-quarter earnings and revenues fell short of Wall Street expectations and fourth-quarter outlook missed current view.
Meanwhile, the company's third-quarter profit improved, owed largely to...
Contact lens maker Cooper Companies reported a lower fourth-quarter profit, hurt by weak operating margin that offset a four percent growth in sales. Results for the quarter missed Wall Street estimates.
While selling pressure was somewhat subdued, stocks moved mostly lower over the course of the trading day on Thursday. Concerns about the outlook for the Federal Reserve's stimulus program continued to weigh on the markets. The major averages ended the day in the red, with the Dow and the S&P 500 closing lower for the fifth straight session.
A majority of Americans expect the gridlock currently plaguing Washington to persist or potentially even get worse next year, according to the results of a United Technologies/National Journal Congressional Connection Poll. The poll found that 57 percent of Americans think President Barack Obama and Congress have cooperated less than usual in 2013.
MSNBC host and commentator Martin Bashir has resigned in the wake of crude remarks he made about former Alaska Gov. Sarah Palin.
Last month, Palin compared federal over-spending to slavery. Her commentary sparked a harsh rebuke from Bashir, who called Palin a "world class idiot" while also suggesting...
Stocks are seeing modest weakness in mid-day trading on Thursday, extending the downward trend seen over the past few sessions. Concerns about the outlook for the Federal Reserve's stimulus program continue to weigh on the markets. The major averages have climbed off their lows for the session but remain in the red.
After reporting a notable increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing that orders pulled back by less than expected in October.
After ending the previous session roughly flat, stocks are turning in another lackluster performance in early trading on Thursday. The major averages are showing only modest moves, lingering near the unchanged line. Currently, the major averages are turning in a mixed performance.
Grocery chain operator Kroger Co. on Thursday reported a 6 percent decline in profit for the third quarter from last year, as higher sales were offset by lower one-time benefits and an increase in expenses. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates. The company reiterated its earnings outlook for fiscal 2013.
European Central Bank President Mario Draghi said on Thursday that the central bank stands ready to use all policy tools, when necessary, as it sees inflation below its target of about 2 percent in the next two years. "We may experience a prolonged period of low inflation, to be followed by a gradual upward movement towards inflation rates below, but close to, 2% later on," Draghi said.
Reflecting upward revisions to private inventory investment and non-residential fixed investment, the Commerce Department released a report on Thursday showing that U.S. economic activity grew by much more than previously estimated in the third quarter of 2013.
The Commerce Department said U.S. gross domestic product increased by an upwardly revised 3.6 percent in the third quarter.
Massachusetts Senator Elizabeth Warren will not run for the White House in 2016.
"I pledge to serve out my term," the Democrat said at a news conference in Boston, according to the Boston Globe. "I am not running for president."
The former academic known for her work as a consumer advocate before...