Mining giant BHP Billiton Ltd. reported Wednesday a 19 percent year-over-year increase in iron ore production for the fourth quarter, and a 15 percent growth from the previous third quarter. Production of metallurgical coal grew 9 percent. Total iron ore production for the full-year 2014 also increased 20 percent, delivering its fourteenth consecutive annual production record.
Credit card lender Discover Financial reported an increase in quarterly profit, as more customers used its cards for payments amid some revival in the economy. Results topped Wall Street estimates.
Computer networking gear maker Juniper Networks Inc. (JNPR) said Tuesday after the markets closed that its second quarter profit more than doubled from last year, helped by higher revenue and a gain from a legal settlement.
The company's quarterly earnings per share, excluding items, also came in...
Broadcom Corp. (BRCM) on Tuesday said its loss for the second quarter narrowed from last year, despite hefty impairment charges related to the chip maker's planned exit from cellular base-band business. Broadcom's earnings for the quarter topped Wall Street estimates, but revenues fell short of expectations.
Electronic Arts Inc. (EA) Tuesday reported a strong increase in first-quarter profit, driven largely by growth in revenues as gamers purchased titles for the new-gen consoles. As a result, both earnings and revenue for the quarter came in ahead of Wall Street estimates.
Moving ahead, the video-game...
Microsoft reported a drop in fourth-quarter profit, due mainly on losses from the Nokia Devices and Services business acquired in April, notwithstanding an 18 percent growth in revenue. Earnings missed Wall Street estimates, while revenue surpassed expectations, as the software company's key businesses continued to flourish.
Apple Inc. said Tuesday after the markets closed that its third quarter profit rose 12% from last year, as sales surged and margins improved amid strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell short of analysts' forecast.
After moving notably higher in early trading on Tuesday, stocks continued to perform well throughout the session. The gains on the day offset the modest weakness that was seen in the previous session, extending the recent back-and-forth movement by the markets.
U.S. crude oil slipped to end lower on Tuesday, ahead of the official U.S. crude stockpile data from the Energy Information Administration. Investors also continued to keenly monitor the supply disruption scenario amid the ongoing conflicts in Ukraine and the Middle East
Crude prices were also negatively...
Two federal appeals courts have issued contradictory rulings over the federal government's ability to provide subsidies under Obamacare, suggesting that the future of President Barack Obama's healthcare law could once again end up in the hands of the U.S. Supreme Court.
Gold futures ended lower on Tuesday, tracking strong global equity markets as investor opted for riskier assets, amid escalating tensions in Gaza. Some upbeat economic data from the U.S. showed existing home sales rising even as inflation increased, with speculations the Fed rate hike may come anytime...
Tesla Motors has confirmed plans to a new low-cost sedan in the $35,000 range. The new Tesla Model 3 will come it at a price point comparable to a fully loaded Toyota Prius, which lists on the Toyota website for $34,700, according to CBS News.
After ending the previous session modestly lower, stocks have shown a strong move back to the upside during trading on Tuesday. With the upward move on the day, the S&P 500 has reached a new record intraday high.
A majority of Americans believe Israel is justified in taking military action against Gaza, according to the results of a new CNN/ORC International survey, although opinions about the amount of military force the Israelis have used are more divided.
After reporting a sharp increase in existing home sales in the previous month, the National Association of Realtors released a report on Tuesday showing that existing home sales once again rose by more than expected in the month of June.