European stocks are set to open on a cautious note Thursday as investors digest a slew of earnings reports, with French bank BNP Paribas reporting a hefty loss of 4.317 billion euros for the second quarter after making provisions to help cover a nearly $9 billion U.S. fine in a sanctions case.
Shares of EDAP TMS SA (EDAP) plunged more than 40 percent in extended trading on Wednesday after an FDA advisory committee snubbed the company's Ablatherm-HIFU device as a treatment for low-risk, localized prostate cancer.
Hartford Financial Services Group Inc. (HIG), Wednesday said its second-quarter loss widened, hurt mainly on a hefty loss from discontinued operations related to the sale of Japan annuity business.
The Hartford, Connecticut-based company's second quarter loss widened to $467 million or $1.00 per share...
MetLife reported a surge in quarterly earnings as it benefited from derivative gains along with some growth in Latin America and other regions. Operating earnings, however, missed Wall Street estimates, but revenue beat expectations. CEO Steve Kandarin said MetLife benefited from a diverse business mix that helped offset weak underwriting results. MetLife shares were down 2% in after-hours trade.
Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
Kraft Foods reported a plunge in quarterly earnings despite a marginal climb in sales, hurt by higher selling and other costs, while the prior year included one-time gains. Results missed Wall Street estimates, partly on flat beverage sales and weakness at meals and desserts segment, while cheese and refrigerated meals businesses saw some growth. Kraft shares slid 1.5% in after-hours trade.
After failing to sustain an initial upward move, stocks fluctuated over the course of the trading session on Wednesday before ending the day mixed. The choppy trading came as traders digested upbeat GDP data as well as the Federal Reserve's monetary policy announcement.
President Barack Obama took Congress to task in remarks on the economy on Wednesday, accusing Republicans of wasting valuable time by voting on a resolution regarding whether or not to sue him over his use of executive actions.
U.S. crude oil ended lower for a third straight session on Wednesday, after an official weekly oil report from the Energy Information Administration showed U.S. crude stockpiles to have declined more than expected last week, although supplies of gasoline and distillates increased.
Reports of additional...
In a surprise move, the Senate voted Tuesday to make changes to an important House highway funding bill, raising questions about whether the legislation will receive final approval before lawmakers leave town for the August recess.
Gold futures ended lower on Wednesday, on some upbeat U.S. economic data with the country's gross domestic product jumped more than expected in the second quarter. Investors also look ahead to the Federal Reserve's monetary policy statement later today.
A Commerce Department report on Wednesday showed...
The Federal Reserve further tapered its quantitative easing plan on Wednesday, noting the U.S. economy has rebounded in the second quarter.
As expected, the Fed said it will reduce its asset purchases by another $10 billion, cutting its monthly asset buying program to $25 billion.
This puts the...
Netflix is adding 20 new movies and season four of "The Killing" beginning August 1.
Stocks have given back some ground over the course of the trading day on Wednesday after failing to sustain an early upward move. The choppy trading reflects uncertainty ahead of a highly anticipated announcement from the Federal Reserve.
After seeing initial strength on the heels of upbeat economic data, stocks have fluctuated over the course of early trading on Wednesday. The major averages have pulled back off their highs for the young session, with the Dow sliding into negative territory.