After coming under pressure earlier in the session, stocks remain mostly lower in mid-day trading on Thursday. The losses on the day come after the Nasdaq ended the previous session at a record closing high.
Scientists at the Massachusetts Institute of Technology and University of California have developed specially engineered bacteria to detect cancerous tumors in liver at its early stage itself. The special bacteria were used in lab studies to detect diabetes also.
With the field widening just about every day, the results of a new Quinnipiac University National poll released on Thursday showed there remains no clear front-runner in the race for the Republican presidential nomination.
Avago Technologies Ltd. will acquire Broadcom Corp. for $37 billion in cash and stock, the two chipmakers said Thursday. The deal marks further consolidation in the semiconductor industry as rising costs and weak revenue growth force chipmakers to combine. Avago also reported a profit for the second quarter that more than doubled from last year. Earnings per share beat analysts' estimates.
Stocks have moved moderately lower in early trading on Thursday after showing big swings back and forth over the course of the two previous sessions. The major averages have slid into negative territory but remain well off Tuesday's lows.
Pending home sales in the U.S. increased by much more than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with pending sales jumping to their highest level in nearly nine years.
FIFA sponsors have warned that they may review contracts with football's world governing body after top FIFA officials were arrested in Zurich, and indicted by the US justice department on corruption charges. VISA, one of the sponsors, said it informed FIFA that if the organization fails to take swift and immediate steps to rebuild a culture with strong ethical practices in order to restore the
Abercrombie & Fitch Co. (ANF), a specialty retailer of casual apparels, Thursday said its loss for the first quarter widened from the prior year, as sales declined 14 percent owing partly to adverse currency. However, the company witnessed sequential improvements in several areas during the quarter, sending the stock up nearly 5 percent in pre-market activity.
After reporting a modest increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another uptick in initial jobless claims in the week ended May 23rd.
Canada's second-largest lender TD Bank Group on Thursday reported a 6 percent decline in profit for the second quarter from last year, as higher revenues and lower provision for credit losses were offset by restructuring charges. However, both revenue and adjusted earnings for the quarter beat analysts' estimates.
After seeing substantial volatility over the course of the two previous sessions, stocks may move moderately lower in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 56 points.
Eurozone economic confidence remained unchanged at its second highest level in nearly four years in May despite the ongoing Greek crisis, survey results from the European Commission showed Thursday. The economic sentiment index held steady at 103.8 in May, while it was forecast to fall to 103.5. This was the second highest score since July 2011. The April figure was revised up from 103.7.
Early indications suggest that Wall Street stocks may open Thursday's session on a slightly negative note. Valuation concerns are expected to weigh on the averages, as the Nasdaq Composite scrambled to a record high and the remaining two averages are also inching towards their all time highs.
Tate & Lyle Plc's shares were losing around 5 percent in the early morning trade in London after the food ingredients company reported Thursday sharply lower profit in its fiscal year 2015 with weak results of SPLENDA Sucralose and Bulk Ingredients. Further, the company said it sees flat profit for fiscal 2016.
The European markets are poised to open largely unchanged on Thursday following strong gains the previous day. Asian stocks are turning in a mixed performance despite positive cues from Wall Street overnight.
Chinese and Hong Kong shares are tumbling on profit taking after recent sharp gains as more...