Technology giant Apple, Inc. announced Monday it has set a new record for first weekend sales of iPhone 6 and 6 Plus, having breached the 10 million mark within just three days of its sales launch on September 19. Sales came from the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK over the weekend.
After seeing some strength last week, stocks are likely to move back to the downside in early trading on Monday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 38 points.
There are just two days to go for the big event of India making its maiden foray to Mars. The nation's first interplanetary probe known as Mars Orbiter Mission (MOM) spacecraft is scheduled to enter the Martian orbit at 7.30 AM IST on September 24, 2014.
Automotive parts retailer AutoZone, Inc. (AZO) Monday said fourth-quarter profit increased from the previous year, supported by growth in sales at stores open at least one year. The previous year's fourth quarter included 17 weeks.
German drug maker Merck KGaA said Monday that it agreed to buy Sigma-Aldrich Corp. for $140 per share in cash, totaling $17.0 billion or 13.1 billion euros, establishing a major player in the life science industry. Merck expects the transaction to be immediately accretive to its earnings. Merck shares were gaining around 7 percent, and Sigma-Aldrich shares were gaining around 35.15 percent.
A US satellite to study Mars' upper atmosphere has entered the Red Planet's orbit. NASA said its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft successfully entered the orbit at 10:24 p.m. EDT Sunday, completing a 10-month interplanetary journey of 442 million miles, or 711 million kilometers. MAVEN is the first spacecraft dedicated to exploring the tenuous higher atmosphere of Mars.
Wall Street looks set to follow the rest of the global markets lower on Monday, as speculation concerning China scaling down its domestic economic growth forecast swirls around. Recent Chinese data has questioned the likelihood of China hitting the 7.5 percent target, accentuating worries concerning...
British supermarket chain Tesco Plc. (TSCO.L, TSCDY.PK) Monday said it overstated its profit forecast for the first half of the year by about 250 million pounds, and is looking into the impact this would have on the full year. The stock declined over 11 percent in early morning trade.
European stocks are seen opening lower on Monday, tracking weak commodity prices and a subdued trend across the Asia-Pacific region as investors look ahead to Chinese manufacturing data due on Tuesday for important clues about China's growth outlook.
China is experiencing stable growth and there...
US oilfield equipment maker Dresser-Rand Group, Inc. (DRC) agreed Sunday to be acquired by German conglomerate Siemens AG (SIEGY) for $83.00 per share in an all-cash deal valued at about $7.6 billion, including assumed debt. The deal will create a combined entity that will be a leading world-class supplier to the oil and gas industry.
Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day.
U.S. crude oil declined for a third straight session to end lower on Friday, as the dollar trended higher against some major currencies with continued demand growth concerns amid fears of a supply glut.
An official weekly oil report earlier this week from the Energy Information Administration showed...
Gold futures slipped for third straight session to end at a more than eight-month low on Friday, with the dollar strengthening against a select band of currencies amid continued speculation that U.S. interest rates will rise at a faster pace once monetary tightening begins.
Gold shed about 1.2 percent...
A trio of Democratic senators has introduced new legislation that would revoke a tax-exemption for the National Football League if it continues to promote the Washington Redskins name.
After failing to sustain an initial upward move, stocks have shown a lack of direction over the course of the trading day on Friday. The Dow and the S&P 500 reached new record highs in early trading but have given back ground since then.