American Express Co. (AXP) has reportedly announced plans to start banking operations in Cuba, after President Barack Obama lifted the ban on operations of US banks in Cuba.
However, the New York-based company did not disclose when customers can begin availing its facilities in Cuba.
Burger chain Shake Shack Inc. in a regulatory filing on Wednesday said it has increased the price of its initial public offering to a range of $17 to $19.
The burger chain will now offer 5 million shares at $17 to $19 per share, up from its initial range of $14 to $16 per share, and can raise up to...
After failing to sustain an early upward move, stocks have given back ground over the course of the trading day on Wednesday. The major averages have pulled back well off their highs for the session and briefly dipped into negative territory.
France is reported to be considering new laws that will make Internet companies like Google and Facebook liable for social media posts inciting terrorism.
Former Secretary of State Hillary Clinton is willing to testify before the House Select Committee investigating the 2012 terrorist attacks in Benghazi, according to the top Democrat on the panel.
Apple Inc. (AAPL) will start shipping its widely anticipated device Apple Watch in April, confirmed Chief Executive Tim Cook during an earnings call on Tuesday.
"Development for Apple Watch is right on schedule," Cook said on a conference call. "We're going to be thrilled to start shipping it because...
Fiat Chrysler Automobiles NV reported Wednesday a profit for the fourth quarter that plunged from last year, which included hefty gains from divestiture. However, quarterly net revenues grew 13 percent, and worldwide shipments increased 4 percent from last year. The company also provided earnings and revenue forecast for the full-year 2015.
Stocks have moved mostly higher in early trading on Wednesday, regaining some ground following the sell-off that was seen in the previous session. The major averages have climbed firmly into positive territory but only partly offset yesterday's steep losses.
Boeing Co. on Wednesday reported a 19 percent increase in profit for the fourth quarter from last year on higher revenues, reflecting strong demand for commercial aircraft. Both revenues and adjusted earnings per share beat analysts' expectations. Looking ahead to fiscal 2015, Boeing forecast higher earnings, but below Street estimates.
Cardiovascular medical devices maker St. Jude Medical, Inc. reported Wednesday a profit for the fourth quarter that doubled from last year, reflecting lower charges and sales growth. Both adjusted earnings per share and quarterly net sales matched analysts' expectations. The company also provided earnings and sales outlook for the first quarter and full-year 2015, both below Street view.
Defense contractor General Dynamics Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting higher revenues and improved margins. Earnings per share from continuing operations beat analysts' expectations.
Following the sell-off seen in the previous session, stocks may regain some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 17 points.
Diversified electronics maker TE Connectivity Ltd. agreed Wednesday to sell its broadband network solutions or BNS business unit to telecommunications company CommScope Holding Co., Inc. in an all-cash deal valued at about $3 billion. The sale will enable TE to focus on providing leading connectivity and sensor solutions, particularly harsh environment connectivity.
Trading in the U.S. index futures suggest that Wall Street stocks may be on the road to recovery on Wednesday after yesterday's fiasco. Domestic earnings released after the markets closed yesterday were mostly positive, with Apple reporting stellar financial results. Earnings from Yahoo, AT&T and a few...
The European markets drifted lower on Wednesday after rising early in the session on the back of positive earnings reports, upbeat German consumer confidence data and Apple's record earnings unveiled after the U.S. closing bell Tuesday.
Oil prices resumed their fall on a firmer dollar and Greek stocks...