South Korean rivals Samsung Electronics and LG Electronics on Tuesday agreed to end all ongoing legal disputes among their group affiliates. This also included a six-month dispute over damaging of high-end Crystal Blue washing machines on the sidelines of last year's IFA electronics show in Berlin.
Consumer confidence in the U.S. unexpectedly rebounded in the month of March, the Conference Board revealed in a report on Tuesday, with the increase driven by an improved short-term outlook for both employment and income prospects.
General Motors Co. introduced an updated version of the GMC Terrain SUV for 2016. The vehicle will make its debut at the New York International Auto Show, which begins on April 3. The 2016 Terrain goes on sale this fall. GM will announce the pricing later.
Stocks have moved moderately lower in early trading on Tuesday, partly offsetting the strong gains posted in the previous session. The major averages have slid into negative territory but remain well off their recent lows.
Business activity in the Chicago area unexpectedly continued to contract in the month of March, according to a report released by MNI Indicators on Tuesday. MNI Indicators said its Chicago business barometer edged up to 46.3 in March from 45.8 in February, although a reading below 50 continues to indicate a contraction.
Cable television operator Charter Communications, Inc. agreed Tuesday to acquire smaller peer Bright House Networks LLC in a cash-and-stock deal valued at $10.4 billion that will help expand user base, primarily in Florida. The combined entity will do business through a partnership called New Charter.
SeaWorld Entertainment Inc. has accused animal rights group People for the Ethical Treatment of Animals or PETA of trying to disrupt its 'AskSeaWorld' Twitter campaign by flooding the social media with repeated questions and troll accounts. SeaWorld launched the new advertising campaign last week to deal with declining attendance and revenues.
With Denver, Miami, and Dallas pacing the gains, Standard & Poor's released a report on Tuesday showing that home prices in major U.S. metropolitan areas increased at a faster annual rate in the month of January.
After ending the previous session sharply higher, stocks are likely to give back some ground in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 75 points.
The Eurozone unemployment rate dropped in February to the lowest since May 2012 as companies stepped up employment amid strengthening confidence. Nonetheless, the jobless rate remained at an elevated double-digit level. The unemployment rate fell to a seasonally adjusted 11.3 percent in February from a revised 11.4 percent in January, data published by Eurostat showed Tuesday.
Consumers are seeing the gas price rally running out of fuel in the past few weeks as regional refineries resumed production. The refineries went offline several weeks ago to drive prices higher in the midwest and west coast. The status of regional refineries continues to be a driving factor for gas prices in many parts of the country.
Australian Migration Department said it reviewed and strengthened its e-mail protocol after a breach of personal details of G20 world leaders. During the G20 summit in November 2014, the Migration department has inadvertently sent the passport numbers, visa information and other personal details to the Asian Cup organizers.
Although Eurozone inflation remained negative for the fourth consecutive month, the price decline in March was the slowest for the period, the flash estimate from Eurostat showed Tuesday. The harmonized index of consumer prices fell 0.1 percent year-on-year in March, in line with expectations. It was slower than February's 0.3 percent decline and a 0.6 percent fall seen in January.
Trading in the major U.S. index futures suggests that Wall Street stocks may open Tuesday's session lower after advancing in the previous two sessions. After Asian stocks, with the exception of Japan and China ended on an upbeat note, the European markets are seeing mixed sentiment. Commodity prices...
Here is a quick summary of the earnings reported after the bell Mar. 30.
1.Books-A-Million, Inc. (BAMM)
Net income attributable to Books-A-Million was $19.0 million, or $1.28 per share, compared to $12.2 million, or $0.80 per share, in the year-earlier period.
Revenues for the 13-week period...