With the South and West seeing sharp increases, the National Association of Realtors released a report on Thursday showing that U.S. pending home sales jumped much more than expected in April to their highest level in a decade. NAR said its pending home sales index surged up by 5.1 percent.
Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar.
Federal legacy IT investments are becoming increasingly obsolete; many use outdated software languages and hardware parts that are unsupported, according to a watchdog report. Agencies reported using several systems that have components that are, in some cases, at least 50 years old, the Government Accountability Office said in a report published Wednesday. The report points to a number of wo
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent.
First-time claims for U.S. unemployment benefits decreased for the second straight week in the week ended May 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 268,000.
Stocks may move to the upside in early trading on Thursday, extending the rally seen over the course of the two previous sessions. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 35 points.
The US Defense Department is restructuring its headquarters as it looks to save $1.9 billion through a 25 percent reduction of staff costs. The "delayering" initiative is part of a broader institutional reform activity, in which DoD is restructuring its business processes and practices, particularly in support areas, DOD News quoted David Tillotson III, DoD's assistant deputy chief management off
Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million.
Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically...
Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session on a nervous note. After Asian stocks closed a lackluster session mostly higher, the European markets are also holding up. Buoyancy in the commodity space may lent support even as traders look ahead to some key economic data on durable goods orders, jobless claims and pending home sales.
European stocks traded flat in choppy trade on Thursday after two days of strong gains. Oil prices breached the $50 a barrel mark for the first time since November and copper rose for a third straight session on a weaker dollar, helping investor sentiment somewhat as the G7 meeting of finance ministers...
European stocks are likely to open lower on Thursday after two days of strong gains. Oil surged past $50 a barrel for the first time this year and copper edged up as the dollar retreated after recent gains.
Gold prices rose for the first time in seven sessions due to short covering. The safe-haven...
Drugstore chain CVS Health Corp. said Wednesday that it will expand access to the opioid overdose-reversal drug naloxone in seven additional states this summer. The company's program to combat the opioid epidemic will thus operate in a total of 30 states by August and make the life-saving drug accessible to patients without an individual prescription.
Shares of Innocoll (INNL) rose as much as 70% on Wednesday, following positive results from two phase III pivotal studies evaluating XARACOLL as a postoperative pain relief treatment immediately following open abdominal hernia repair.
On the heels of the rally seen in the previous session, stocks saw some further upside during trading on Wednesday. With the continued strength on the day, the Nasdaq and the S&P 500 reached their best closing levels in about a month.