Australia's international cricketer Phillip Hughes, who sustained critical injury after being hit on the head by a ball during a domestic match Tuesday, has died. The 25 year-old promising player had been fighting for his life for two days at St Vincent's Hospital in Sydney, in induced coma. Australian cricket team's doctor Peter Brukner said at a news conference Thursday that Hughes died as a
Infineon Technologies AG reported Thursday higher profit in its fourth quarter with increased revenues, benefited by significant demand growth. Further, the German chip maker proposed higher dividend. Looking ahead, the company warned of first quarter revenues, while giving growth forecast for fiscal 2015.
After turning in a lackluster performance for much of the session, stocks managed to end Wednesday's trading mostly higher. The gains lifted the Dow and the S&P 500 to new record closing highs, while the Nasdaq reached its best levels since 2000.
Half of Americans agree with the changes to immigration policy announced by President Barack Obama last week, according to a CNN/ORC poll, although a majority opposes using executive orders to implement those policies.
Amazon is keeping a tight lid on plans for their new ad-supported streaming video service. The company has previously denied any plans for a free version of the Prime Instant Video collection, but has now eased its position, stating that they merely have no new information on the project.
U.S. crude oil ended lower for a third straight session on Wednesday, after a report from the Energy Information Administration showed crude stockpiles in the U.S. increased more than expected last week and with investors focused on the upcoming crucial OPEC meet in Vienna tomorrow.
Warning about the harmful effects of ground-level ozone, the Environmental Protection Agency proposed strengthening air quality standards on Wednesday. The EPA proposed reducing the limit for ozone pollution from 75 parts per billion to within a range of 65 to 70 parts per billion.
Gold futures ended a tad lower on Wednesday, despite a weak dollar trended after some largely soft economic data from the U.S. with initial claims for unemployment benefits rising more than expected even as new homes sales in October increased modestly.
In some soft economic news from the U.S., first-time...
While Mitt Romney has said he has no plans to run for president again, the results of a Quinnipiac University national poll released Wednesday show the former Massachusetts Governor leading a group of potential Republican presidential candidates.
After ending the previous session roughly flat, stocks have continued to show a lack of direction throughout the trading day on Wednesday. The choppy trading comes following the release of a slew of U.S. economic data.
Chicago-area business activity grew at a notably slower rate in the month of November, according to a report released by MNI Indicators on Wednesday. MNI Indicators said its Chicago business barometer fell to 60.8 in November from a one-year high of 66.2 in October.
New home sales in the U.S. saw a modest increase in the month of October, according to a report released by the Commerce Department on Wednesday. The report said new home sales rose by 0.7 percent to a seasonally adjusted annual rate of 458,000 in October from the revised September rate of 455,000.
Consumer sentiment in the U.S. improved by less than previously estimated in the month of November, according to a report released by Thomson Reuters and the University of Michigan on Wednesday.
With traders digesting a slew of U.S. economic data, stocks are turning in a lackluster performance in early trading on Wednesday. The major averages are once again showing only modest moves after ending the previous session nearly flat.
Pending home sales in the U.S. unexpectedly decreased in the month of October but remained at a healthy level, the National Association of Realtors said in a report released on Wednesday.