Shares of Marks & Spencer Group plc were losing around 8 percent in the early morning trading in London, after the retailer reported lower profit in its fiscal 2016, hurt mainly by weak results at clothing & Home segment and lower UK LFL sales. Looking ahead, the company warned about profit, and said it sees a similar sales trend in fiscal 2017.
Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.
Multiple catalysts could propel European stocks higher for the second day in a row on Wednesday. Risk sentiment received a boost as Brexit concerns eased and Eurozone finance ministers approved in principle a reform package for Greece that will unblock new loans.
Worries about a likely rate hike by...
The next iPhone to come out in 2017 may have a much clearer screen. As per reports, the iPhone 7 will use AMOLED technology in their new model, which will also sport a bigger 5.8-inch screen. It was also reported that the suppliers are already gearing up for a huge jump in orders.
After being voted down by an FDA panel last month, Sarepta Therapeutics Inc.'s (SRPT) Duchenne Muscular Dystrophy drug candidate Eteplirsen awaits the regulatory agency's final decision, which is set for May 26, 2016.
Stocks moved sharply higher during trading on Tuesday, more than offsetting the modest losses posted in the previous sessions. The major averages showed a strong move to the upside in early trading and remained firmly positive throughout the day.
After moving sharply higher early in the session, stocks continue to see considerable strength in mid-day trading on Tuesday. The strong gains on the day have more than offset the modest losses posted in the previous session.
Stocks have moved sharply higher in early trading on Tuesday after ending the previous session modestly lower. The major averages have climbed firmly into positive territory, more than offsetting the slim losses posted on Monday.
After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.
Social network giant Facebook (FB) has announced changes to the way it runs its trending stories list to avoid political bias despite its internal probe found no evidence that it was happening. There will be more training for staff and the feed will no longer rely on a list of news organisations to validate subjects. This means it will eliminate the "Media 1K" list, the list of RSS feeds used to
Visiting US President Barack Obama took eaters at a hotel in the heart of Hanoi by surprise Tuesday when he sat on a low blue-colored stool to have a lunch of cheap noodles. Obama sat with US celebrity chef Anthony Bourdain at Hanoi's Bun cha Huong Lien restaurant, and the latter shared a photo of the $6 dinner with the President on Instagram. The post has gone viral, attracting more than 120,000
After ending the previous session modestly lower, stocks may move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 101 points.
Ride-sharing company Lyft plans to roll out a new feature that will enable people to book a ride up to a day in advance. According to the company, passengers have told they want the extra peace of mind to schedule a ride in advance.
The company said Monday that it will shortly start testing the new...
German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.
Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically...