German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
German lender Commerzbank AG reported a profit in its fourth quarter, compared to last year's loss, particularly benefited by lower loan loss provisions. Chairman Martin Blessing noted that its for the first time in five years that the bank attained a net profit of more than 1 billion euros. Looking ahead, for fiscal 2016, the bank expects a slight increase in net profit from the prior year.
European shares are seen opening a tad higher on Friday, with underlying sentiment likely to be supported by modest gains in U.S. index futures, rebounding oil prices and news of an agreement between world powers to implement a nationwide "cessation of hostilities" in Syria.
The pan-European Stoxx...
Aegerion Pharmaceuticals Inc. (AEGR) is reducing approximately 25% of its global workforce, as part of the company's broad program to rein in operating expenses and extend its cash position.
Fresh off his lop-sided victory in the New Hampshire primary, Vermont Senator Bernie Sanders looked to build on his momentum Thursday in the latest Democratic debate against Hillary Clinton.
Sanders, the upstart self-proclaimed socialist, did not aggressively attack the former Secretary of State as...
Activision Blizzard Inc. (ATVI) on Thursday reported a drop in profit for the fourth quarter, as revenues declined reflecting weak demand for Skylanders SuperChargers and Guitar Hero Live. The video game publisher's profit and revenues fell short of Wall Street estimates. Moving ahead, the company detailed...
CBS Corp. (CBS, CBS-A) Thursday reported a drop in profit for the fourth quarter, hurt largely by one-time charges. However, on an adjusted basis, earnings for the three-month period increased on higher revenues across all major segments, except local broadcasting division.
The New York-based company's...
After moving sharply lower in morning trading on Thursday, stocks regained some ground late in the day but still closed mostly negative. The Dow ended the session at a two-year closing low, while the Nasdaq and the S&P 500 once again ended the session at their lowest closing levels in well over a year.
House Democrats unveiled a list of congressional seats they intend to aggressively target in 2016 on Thursday, as they begin their long shot bid to retake control of Congress.
Senators voted overwhelmingly Thursday to approve a customs enforcement bill that included a provision permanently banning taxes on access to internet service. The Senate voted 75 to 20 in favor of the Trade Facilitation and Trade Enforcement Act.
Potentially helping Hillary Clinton solidify her support among black voters, the Congressional Black Caucus Political Action Committee announced its endorsement of the former Secretary of State's run for president on Thursday.
Stocks have pulled back sharply over the course of the trading day on Thursday, extending the steep drop seen over the past few sessions. With the sell-off, the major averages are on pace to end the session at their lowest closing levels in well over a year.
While President Barack Obama has vowed to remain neutral in the race for the Democratic presidential nomination, former White House Press Secretary Jay Carney said the president clearly prefers Hillary Clinton.
After seeing considerable volatility over the two previous sessions, stocks moved sharply lower at the start of trading on Thursday. The major averages showed notable moves to the downside after ending Wednesday's trading mixed.
Just days after North Korea launched a long-range rocket, the U.S. Senate voted overwhelmingly Wednesday evening to impose tougher sanctions on the impoverished communist nation. The Senate voted 96 to zero in favor of the bill, known as the North Korea Sanctions Enforcement Act of 2016.