French lender Societe Generale SA reported Thursday higher net profit in its fourth quarter, while operating income declined sharply amid higher litigation provision and lower net banking income. However, fiscal 2015 was marked by good operating performances in all the businesses. Citing the annual results, the company lifted its dividend.
Wednesday's market recovery may prove elusive as stock futures pointed to a sharply lower open, heading into Fed Chair Janet Yellen's second leg of testimony on the economy.
U.S. shares gave up early gains to end mixed overnight as crude prices showed wild swings and Yellen warned financial conditions...
Canada's Advantage Health Matters is recalling Organic Traditions brand Sprouted Flax Seed Powder and Sprouted Chia & Flax Seed Powder due to possible contamination with the deadly Salmonella bacteria.
Fast-food giant Burger King will be adding hot dogs to its menu in the US from February 23.
According to Burger King's North American President Alex Macedo, this addition is the most significant menu addition for the burger chain since it added a chicken sandwich in the 1970s.
Burger King will...
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a fourth-quarter loss that widened from last year, hurt largely by higher operating costs which offset an increase in revenues. However, shares of the company gained 11 percent after the company detailed a strong delivery target for 2016.
Micro-blogging site Twitter Inc. (TWTR), Tuesday reported a smaller loss for the fourth quarter, as revenues surged 48 percent reflecting growth in its advertising business despite a stagnating user growth. The company detailed a weak revenue outlook for the first quarter.
Investors are concerned...
Mylan N.V. (MYL) announced a recommended public offer to the shareholders of Meda Aktiebolag to tender all their shares in Meda to Mylan. The total offer consideration consists of a combination of cash and Mylan ordinary shares with a value of 165 Swedish kronor per Meda share. The total value of the...
Cisco Systems Inc. (CSCO), the world's largest computer networking gear maker, Wednesday reported a 31 percent surge in second-quarter profit that also trumped Wall Street estimates. Shares of the company gained a near 10 percent in after-hours trading.
San Jose, California-based Cisco's second-quarter...
Stocks once again experienced considerable volatility over the course of the trading session on Wednesday. The major averages had difficulty sustaining any significant moves on the day before ending the session mixed.
Former Hewlett-Packard CEO Carly Fiorina announced Wednesday she is suspending her campaign for the Republican presidential nomination after a disappointing showing in the New Hampshire primary. After coming in seventh in New Hampshire, Fiorina revealed her decision to drop out of the race in a post on her Facebook page.
After a poor showing in the New Hampshire Republican primary, New Jersey Governor Chris Christie is expected to suspend his presidential campaign. Christie came in sixth in New Hampshire with just over 7 percent support, coming in well behind winner Donald Trump.
Senate lawmakers are scheduled to vote Thursday on legislation that would permanently ban taxing access to internet service, with the measure expected to receive bipartisan support.
After moving notably higher early in the session, stocks have given back some ground over the course of the trading day on Wednesday. The major averages have pulled back off their best levels of the day, with the Dow briefly dipping into the red.
Delivering a setback to President Barack Obama, the U.S. Supreme Court temporarily blocked implementation of the Environmental Protection Agency's Clean Power Plan on Tuesday. In a 5 to 4 decision, the Supreme Court granted a request from nearly thirty states and the energy industry to stay the plan while litigation proceeds.
Stocks have moved mostly higher in early trading on Wednesday, regaining some ground after trending lower over the past few sessions. The major averages have all moved to the upside, with the Nasdaq and the S&P 500 rebounding from their worst closing levels in well over a year.