With traders seemingly reluctant to make any significant moves, stocks are showing a lack of direction in early trading on Thursday. The major averages are lingering near the unchanged line after ending the previous session firmly in the red.
Constellation Brands, Inc. on Thursday reported an 87 percent plunge in profit for the second quarter from last year, when results were boosted by a hefty one-time gain. Both revenue and adjusted earnings per share for the quarter missed analysts' expectations. The company lowered its fiscal 2015 earnings outlook on a reported basis, but affirmed its adjusted earnings outlook.
First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000.
German insurer Allianz SE (AZSEY.PK) Thursday said its Chief Executive Officer Michael Diekmann would remain in that role only up to the Annual General Meeting on May 6, 2015. He will be succeeded by company insider Oliver Baete.
After ending the previous session sharply lower, stocks may see some further downside in early trading on Thursday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 31 points.
The European Central Bank left its key interest rates unchanged at a record low, after reducing them in a surprise move last month, as economic momentum in the euro area remains subdued. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent following its policy meeting in Naples, Italy on Thursday.
Spices and seasonings maker McCormick & Co. Inc. (MKC) Thursday said third-quarter profit increased from the prior year, supported by higher revenues and a lower tax rate. Adjusted earnings and revenues were ahead of Wall Street expectations. Further, the firm lifted its full year earnings forecast, citing a lower tax rate projection.
Hector Beltran Leyva, one of Mexico's most-wanted drug lords, was arrested on Wednesday. Mexican special forces captured Hector as he dined at a seafood restaurant in the city of San Miguel de Allende, a popular hub of foreigners and artists in the central state of Guanajuato. Federal criminal investigations chief Tomas Zeron told the media that no shots were fired in the operation, which culminat
Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session lower. With the major averages trading near 1-month lows, any positive tidings could prompt traders to go bargain hunting. The jobless claims report and some Fed speeches scheduled for the day may provide direction to the markets.
TUI Travel Plc. (TT.L) Thursday said it had strong trading during the Summer 2014 peak season, driven by increased customer demand for unique holidays and higher conversion rates from web platforms, and tightened its profit forecast for the year.
Zogenix Inc. (ZGNX) has submitted to the FDA a supplemental New Drug Application for a modified formulation of its opioid pain medication Zohydro ER. The new formulation contains additional inactive ingredients that are intended to make the product more difficult to abuse by injection and nasal insufflation.
General Motors Co. (GM) CEO Mary Barra Wednesday outlined the company's customer-focused strategic plan, and reaffirmed the automaker's previously announced near-term financial targets.
Under pressure due to a recent series of high-profile security lapses, Julia Pierson is stepping down as the Director of the Secret Service.
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month.
U.S. crude oil shed much of the gains to end lower for a second straight session on Wednesday, after the dollar continued to strengthen on some upbeat private jobs data from the U.S., notwithstanding some disappointing U.S. manufacturing data.
Oil trended higher for much of the day, with prices rising...