Trading in the U.S. index futures suggests that Wall Street stocks may open Monday's session on a nervous note. Global cues are mixed, with Asian stocks closing mostly lower, as Chinese manufacturing activity data spooked investor sentiment. Meanwhile, the European markets are seeing mixed sentiment...
Lexicon Pharmaceuticals Inc.'s pivotal phase III clinical trial of its oral drug candidate Telotristat etiprate in cancer patients with Carcinoid syndrome has met the primary endpoint. The study, dubbed TELESTAR, demonstrated that patients who added Telotristat etiprate to Somatostatin analog depot injection, the standard of care, at 250 mg and 500 mg doses experienced a statistically significant
Dutch brewer Heineken N.V. reported Monday that net profit for the first half grew from last year, reflecting improved revenues. The company reported net profit of 1.14 billion euros ($1.25 billion) for the first half, higher than 631 million euros in the prior-year quarter.
Finnish network equipment maker Nokia Corp. (NOK) Monday said it has agreed to sell its HERE digital mapping and location services business to a consortium of leading automotive companies in Germany, comprising AUDI AG, BMW Group and Daimler AG.
The European markets are set to open lower on Monday as investors look forward to the resumption of trading in Greek stocks following a five-week shutdown that began after the country imposed capital controls aimed at stemming capital flight.
The head of the Greek statistics office stepped down on...
Commerzbank AG reported Monday that its second-quarter profit more-than doubled from last year, with significant growth in Core Bank revenues.
Looking ahead, the German bank said it intends to continue the Core Bank's sustainable growth path in the second half, with which it still aims to grow the revenues and market shares for fiscal 2015.
Asia-focused lender HSBC Holdings Plc. (HSBA.L, HSBC) Monday reported a 10 percent increase in its profit before tax for the first half of the year. HSBC also said that on July 31 it agreed to sell its Brazil business to Banco Bradesco S.A. for $5.2 billion.
Kilwin's Quality Confections Inc., of Petoskey, Michigan, is voluntarily recalling 5 ounce containers of SUGAR FREE Milk Chocolate Caramels due to undeclared cashew in the product. People with an allergy to cashews run the risk of serious or life-threatening allergic reaction.
U.S. crude oil plunged to end sharply lower for a second straight session Friday, on supply glut fears with rig counts in the U.S. rising and over concerns of a slowing Chinese economy denting demand growth, even as the dollar weakened against some major currencies.
For the month, crude oil plunged...
Gold futures snapped a three-day loss to end higher on Friday, as the dollar trended lower against some major currencies after some disappointing economic data from the U.S. with a weaker than expected increase in labor costs and consumer sentiment pulling back more than previously estimated in July.
Rival web browsers are unhappy that the long-awaited Windows 10 upgrade automatically sets Microsoft Edge as the default browser. While behemoth Google can likely roll with the punches, smaller rival Mozilla is blasting Microsoft for making it difficult on Firefox users.
With traders taking a breather following recent volatility, stocks are turning in a lackluster performance in early trading on Friday. The major averages are showing only modest moves after ending the previous session roughly flat.
Oil companies Exxon Mobil Corp. and Chevron Corp. both reported profits for the second quarter that missed analysts' estimates, reflecting the impact of the fall in crude oil prices on earnings at their production segments that more than offset higher margins in their refining segments. Revenues for the quarter also declined, but beat analysts' expectations.
Consumer and commercial products company Newell Rubbermaid, Inc. reported Friday a profit for the second quarter that edged down from last year, despite sales growth, hurt by improved operating margins and higher restructuring charges. However, both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also raised forecast for the full-year 2015.
Consumer sentiment in the U.S. pulled back by more than previously estimated in the month of July, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for July was downwardly revised to 93.1 from the mid-month reading of 93.3.