The U.S. economy expanded faster during the second quarter than people had previously estimated, according to updated government statistics released on Thursday.
Revised figures announced by the U.S. Commerce Department showed that Gross Domestic Product, a broad measure of economic activity, rose...
U.S. stocks are poised for a decent start to Thursday's session after a better-than-expected reading on second quarter economic growth.
The U.S. economy grew at a slightly faster 4.2 percent annual pace in the second quarter, up from the 4 percent growth rate first reported, the Commerce Department...
Teen clothing retailer Abercrombie & Fitch Co. (ANF) Thursday reported increased profit for the second quarter, but sales declined and missed expectations. The stock dropped more than 5 percent in pre-market activity.
Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported.
NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration
Discount retailer Dollar General Corp. (DG) Thursday said second-quarter profit increased from the prior year, amid higher revenues. Looking ahead to the full year, the company backed its earnings and revenue forecast, while reducing the lower end of its same-store sales growth forecast.
Canada's second-largest lender TD Bank Group reported Thursday higher profit in its third quarter, reflecting strong growth in all segments, higher revenues as well as lower provision for credit losses. The company also declared a dividend.
Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.
The optimistic resolve that helped the markets to withstand a pullback yesterday may be put to test on Thursday, as they await directional cues. The major U.S. index futures currently point to a lower opening after Asian stocks closed mixed. The major European averages are also currently lower. The mood in the domestic markets may also hinge on a couple of reports.
French conglomerate Bouygues Thursday said its first-half net profit increased significantly from last year due to a capital gain recorded in the period. The company lowered its revenue outlook for the year, after cautioning about the slowdown in public-sector orders in France.
French producer of spirits and wines Pernod Ricard SA Thursday reported a 13 percent fall in fiscal year net profit, as annual sales dropped 7 percent, hurt by sharp sales decline in China, as well as unfavorable foreign exchange effect.
French resource management firm Veolia Environnement S.A. (VE) Thursday reported a jump in its profit for the first half of the year, supported by growth in revenues. Further, the company reaffirmed its full-year outlook.
Japanese automakers Toyota Motor Corp. (TYT.L, TM), Honda Motor Co. Ltd. (HMC), Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) and Mitsubishi Motors Corp. (7211, MMTOF.PK) Thursday reported production details for the month of July. While Toyota and Honda reported increased production, Nissan and Mitsubishi reported declines from last year.
Cloud software provider Workday Inc reported a wider loss for the second quarter, hurt by operating expenses that offset robust growth in revenue. Results, however, fared better than Wall Street estimates, and the company lifted its guidance for the full year.
Guess reported a steeper-than-expected decline in second-quarter profit as the fashion apparel retailer was hurt by soft demand in North America and Europe, with margins under pressure. It provided pale guidance for the third quarter and cut expectations for the full year, sending its shares down about 8 percent in after-hours trade...