Amid dissatisfaction with the level of discourse in the presidential campaign, former New York Mayor Michael Bloomberg has confirmed reports he is considering an independent bid for the White House.
Stocks have seen some volatility over the course of the trading session on Tuesday but have largely maintained a negative bias. The lack of direction on the day comes on the heels of the steep losses posted in the two previous sessions.
After moving sharply lower over the two previous sessions, stocks are showing a lack of direction in early trading on Tuesday. The major averages showed steep drops at the start of trading but have climbed well off their worst levels since then.
With a drop in inventories of durable goods more than offsetting an uptick in inventories of non-durable goods, the Commerce Department released a report on Tuesday showing a modest decrease in U.S. wholesale inventories in the month of December.
Vermont Sen. Bernie Sanders, I-Vt., and Ohio Gov. John Kasich received the most votes in the tiny New Hampshire community of Dixville Notch early Tuesday morning. The few residents of Dixville Notch traditionally vote at midnight, casting the first votes in the New Hampshire primary.
Stocks are likely to come under pressure in early trading on Tuesday, adding to the steep losses posted in the two previous sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 178 points.
Google chief Sundar Pichai is poised to become the highest-paid chief executive in the US after its parent company Alphabet awarded him $199 million in shares. Alphabet Inc. (GOOGL, GOOG) disclosed in a regulatory filing with the US Securities and Exchange Commission that it awarded 273,328 shares to Pichai on February 3, worth $199 million. It will also make the Indian-American one of the highe
The U.K. merchandise trade deficit narrowed in December despite exports falling for the third straight month, which suggested that weak trade dragged economic growth at the end of 2015. The visible trade deficit decreased to GBP 9.9 billion from GBP 11.5 billion in November, preliminary data from the Office for National Statistics showed Tuesday.
Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.
The Coca-Cola Company (KO) reported that its fourth-quarter net income to shareowners increased to $1.24 billion or $0.28 per share from $770 million or $0.17 per share, last year. Adjusted earnings per share was $0.38, for the quarter. On average, 21 analysts polled by Thomson Reuters expected the company...
Media conglomerate Viacom, Inc. on Tuesday reported a 10 percent decline in profit for the first quarter from last year, reflecting lower revenues in the Filmed Entertainment and Media Networks segments. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates.
German industrial production fell the most in 16 months and exports declined at the fastest pace in four months in December, reflecting weak developments in the largest Eurozone economy. Data published by Destatis showed that industrial production fell 1.2 percent from November, confounding expectations for an increase of 0.5 percent.
Health care products and services provider Henry Schein Inc. (HSIC) is likely to release its fourth-quarter numbers before the bell on Wednesday, February 10, 2016. Consensus estimate calls for earnings of $1.65 per share on revenue of $2.82 billion for the quarter, according to analysts compiled by Thomson Reuters. Analysts' estimate typically exclude certain special items.
With a view to promoting the all new Prius brand in U.S., Toyota has launched a lighthearted commercial. It highlights the reinvention of the hybrid technology. The advertisement was aired during the first half of Super Bowl 50 and was well received in social media.
Early indications suggest that Wall Street stocks may open Tuesday's session on a mixed note, although suggesting an improvement from the steep losses incurred in the previous two trading sessions. Crude oil prices are rebounding, offering some comfort to traders concerning growth. The dollar is mostly...