Shares of Yahoo surged 7 percent after it announced a tax-free spin-off of its remaining stake in Alibaba, bowing to demand that shareholders partake the priced investment. Also the company reported a decline in fourth-quarter profit, hurt by a drop in ad revenues and its search business was lackluster.
Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales.
AT&T Inc. (T) on Tuesday reported a fourth-quarter loss compared to a profit last year, hurt by one-time charges that offset a near four percent growth in revenues. Nonetheless, both adjusted earnings and revenues for the quarter came in ahead of Wall Street estimates, reflecting subscriber additions.
After moving sharply lower at the start of trading on Tuesday, stocks remained stuck firmly in negative territory throughout the trading session. The losses on the day more than offset Monday's modest gains, with the Nasdaq snapping its six-day winning streak.
U.S. crude oil snapped a three-day loss to end sharply higher on Tuesday, after the Organization of the Petroleum Exporting Countries indicated prices may have bottomed, with hopes that Saudi Arabia may step in to balance crude prices.
Markets may be oversupplied right now, but OPEC Secretary-General...
Wisconsin Gov. Scott Walker became the latest potential Republican presidential candidate to take a step toward a run at the White House on Tuesday.
With Americans' confidence in the U.S. economy showing a significant improvement, the results of a new Gallup poll show that President Barack Obama has also seen a notable boost to his job approval rating.
Gold futures snapped a two-day loss to end higher on Tuesday, as investors remained focused on the crucial Federal Reserve policy meet that began today, with the dollar trending lower after some disappointing durable goods orders data from the U.S.
Although no major policy changes are expected to...
The video game industry waltzed through 2014 with a record $24 billion in acquisitions and IPOs, says advisory firm Digi-Capital. The frenzied activity in the industry came as companies vied to get hold of game titles that could tilt the scale in their favor, and the need to shore up investment in infrastructure and marketing.
Fast food chain KFC has rolled out an all new, outrageously meaty Double Down Dog, a hot dog wrapped in a cheese-stuffed fried chicken breast, at select restaurants in the Philippines.
According to a Facebook post from KFC Philippines, which calls the menu item "a legendary dish for a legendary appetite,"...
Snapchat Inc., the ephemeral messaging service provider, Tuesday unveiled Discover, a new feature in the app that will showcase news articles, music and videos provided by media partners, like CNN, Comedy Central, Cosmopolitan, ESPN, and Warner Music.
According to the blog post, Snapchat users will...
The chances of workers getting a wage hike now are higher than before, says PNC Financial Services in a fall survey, indicative of the new-found optimism about the economy.
Stocks continue to see significant weakness in mid-day trading on Tuesday after moving sharply lower at the open. The losses on the day have more than offset yesterday's modest gains, with the Nasdaq poised to end its six-day winning streak.
AOL Inc. (AOL) is likely to shutter its primary video game site Joystiq, part of an extensive house-cleaning of its underperforming content properties that is taking place over the next weeks, Re/Code reported, citing numerous sources.
Joystiq was founded in 2004 as an extension of Engadget and as...
Facing opposition from most Democrats, a bill authorizing construction of the controversial Keystone XL oil pipeline failed to clear a key procedural hurdle in the Senate on Monday. The Senate voted 53 to 39 in favor of a measure limiting debate on the legislation but fell short of the 60 votes needed.