Rival web browsers are unhappy that the long-awaited Windows 10 upgrade automatically sets Microsoft Edge as the default browser. While behemoth Google can likely roll with the punches, smaller rival Mozilla is blasting Microsoft for making it difficult on Firefox users.
With traders taking a breather following recent volatility, stocks are turning in a lackluster performance in early trading on Friday. The major averages are showing only modest moves after ending the previous session roughly flat.
Oil companies Exxon Mobil Corp. and Chevron Corp. both reported profits for the second quarter that missed analysts' estimates, reflecting the impact of the fall in crude oil prices on earnings at their production segments that more than offset higher margins in their refining segments. Revenues for the quarter also declined, but beat analysts' expectations.
Consumer and commercial products company Newell Rubbermaid, Inc. reported Friday a profit for the second quarter that edged down from last year, despite sales growth, hurt by improved operating margins and higher restructuring charges. However, both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also raised forecast for the full-year 2015.
Consumer sentiment in the U.S. pulled back by more than previously estimated in the month of July, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for July was downwardly revised to 93.1 from the mid-month reading of 93.3.
After two months of contraction, MNI Indicators released a report on Friday showing that Chicago-area business activity expanded far more than expected in July. MNI Indicators said its Chicago Business Barometer jumped to 54.7 in July from 49.4 in June.
The international whistle-blowing website Wikileaks has blown yet another news bomb by publishing a "top secret"' document from the US National Security Agency, that indicates NSA spied on Japanese Cabinet, banks and companies such as Mitsubishi. Documents released by WikiLeaks Friday says US has been spying 35 Top Secret targets in Japan, dubbed "Target Tokyo", which also included intercepts rel
Swiss security products maker Tyco International Ltd. reported Friday a profit for the third quarter that plunged from last year, which was boosted by asset sale gains. The results also reflected lower operating margins and a revenue drop amid currency headwinds. Adjusted earnings per share from continuing operations topped analysts' expectations, while quarterly revenues missed their estimates.
After ending the previous session roughly flat, stocks may continue to experience choppy trading on Friday. The major index futures are currently mixed, as the Dow futures are down by 19 points but the Nasdaq futures are up by 4.5 points.
Eurozone inflation remained stable in July and the unemployment rate held steady at the lowest level seen since early 2012 during June, data from Eurostat showed Friday. Inflation in the currency bloc remained stable at 0.2 percent in July, flash data showed today. Inflation remained in the positive zone for the third straight month and matched economists' expectations.
Astronomers have confirmed the discovery of the nearest rocky planet outside the solar system. The larger than Earth exoplanet, which is considered a potential gold mine of science data, was discovered using NASA's Spitzer Space Telescope. The exoplanet, named HD 219134b, is 21 light-years away from sun, and orbits too close to its star to sustain life. While the planet itself can't be seen direc
Here is a quick summary of the earnings reported after the bell on Jul 30.
1.VIVUS, Inc. (VVUS)
Q2 net loss was $49.35 million or $0.48 per share vs. net loss of $25.83 mllion or $0.25 per share a year ago.
Total revenue was $23.0 million in the current quarter, compared to $21.9 million in...
Early indications suggest that Wall Street stocks may open on a jittery note on Friday, as commodities continue to experience weakness. The dollar has been firmer, although the euro is seeing a small bounce upward as flash estimate revealed that inflation stayed in positive territory for the third straight...
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
The FDA is warning health care professionals and patients about reports of confusion between names of antidepressant Brintellix and antiplatelet Brilinta when prescribing and dispensing the two drugs. The similarity of the brand names has been blamed for the confusion.