Linux software maker Red Hat reported a lower third-quarter profit despite a 15 percent increase in revenues, hurt by stock-based compensation expense and other costs. Nevertheless, both earnings and revenue for the quarter topped Wall Street estimates. Red Hat said its strategic tie-up with customers has a healthy impact on the size of deals, and its stock rallied 11% in after-hours trade.
Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue.
Stocks showed a substantial upward move during trading on Thursday, adding to the strong gains posted in the previous session. With the extended rally, the major averages further offset the sell-off that was seen in the preceding sessions.
U.S. crude oil plunged to end over 4 percent lower on Thursday, on renewed worries over the oversupply situation amid demand growth concerns, even as U.S. stockpiles declined albeit less than expected last week.
Earlier today, crude prices moved higher, lifted by short-covering and an upbeat jobs...
Calling the hacking of Sony Pictures Entertainment a national security matter, White House Press Secretary Josh Earnest said Thursday the administration is currently weighing options for responding to the cyber-attack.
Gold futures pared much of the gains but still ended higher on Thursday, tracking rising global equity markets, even as the dollar trended higher after some upbeat jobs data from the U.S. showed initial claims for unemployment benefits to have declined more than expected.
Gold prices found some support...
Senator Marco Rubio, R-Fla., has been one of the harshest critics of President Barack Obama's plan to re-establish diplomatic relations with Cuba and continued to bash the president in an op-ed piece published in the Wall Street Journal on Thursday.
Irish airline Aer Lingus said it has rejected a takeover offer from British Airways parent company International Consolidated Airlines Group SA, as the offer undervalues the company.
General Motors said it has halted the delivery of cars to dealerships in Russia as it strives to overcome the business risks stemming from the collapse of the ruble.
Online retailer Amazon.com, Inc. (AMZN) on Thursday launched a new superfast service in select areas of Manhattan to deliver tens of thousands of daily essentials such as paper towels, shampoo, books, toys and batteries within an hour.
The service, dubbed Prime Now, is available for Amazon's Prime...
Extending the rally seen in the previous session, stocks are posting strong gains in mid-day trading on Thursday. The upward move seen over the past two days has partly offset the sell-off that was seen in the preceding sessions.
Signaling continued moderate growth through the winter, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators increased in line with estimates in the month of November.
While the Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued increase in regional manufacturing activity in the month of December, the pace of growth in the sector slowed substantially.
Stocks have moved sharply higher in early trading on Thursday, adding to the substantial gains posted in the previous session. The major averages have climbed firmly into positive territory, bouncing further off the one-month lows set on Tuesday.
Industrial products manufacturer Actuant Corp. on Thursday reported a 32 percent decline in profit for the first quarter from last year, reflecting lower sales in its engineered solutions segment and a litigation charge. Both adjusted earnings and quarterly sales missed analysts' expectations. Looking ahead, the company lowered its fiscal 2015 outlook.