Computer and printer maker Hewlett-Packard Co. (HPQ) said Wednesday after the markets closed that its third quarter profit fell 29% from last year, hurt mainly by higher restructuring charges even as revenue grew 1%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue beat analysts' forecast.
Women's apparel retailer L Brands reported a better-than-expected increase in second-quarter profit, due mainly to a 6 percent sales growth. It lifted its guidance for the full year.
Stocks fluctuated over the course of the trading day on Wednesday before ending the session mostly higher. The Dow and the S&P 500 both finished the day in positive territory, although the tech-heavy Nasdaq posted a modest loss.
President Barack Obama spoke harshly of the terrorist group allegedly responsible for the execution of American freelance journalist James Foley in a statement on Wednesday. Obama described the group known as the Islamic State of Iraq and the Levant, or ISIL, as a cancer that needs to be extracted.
Democratic Sen. Kay Hagan, D-N.C., continues to lead her Republican challenger in the North Carolina Senate race, according to the results of a poll by Public Policy Polling, although Hagan's lead has narrowed compared to a month ago.
U.S. crude oil rebounded from an 8-month low to end sharply higher Wednesday, after a weekly official oil report from the U.S. Energy Information Administration showed crude oil stockpiles in the U.S. to have dropped much more than expected last week.
Earlier today, a report from the U.S. Energy...
The Federal Reserve debated when to hike interest rates amid signs the labor market has moved closer to normal, according to the minutes of the Fed's July policy meeting.
At the meeting held July 29-30 the Federal Open Market Committee voted 9-1 to maintain its current policy of very gradually withdrawing...
Gold futures ended lower for a fourth straight session Wednesday, ahead of the minutes of the U.S. Federal Reserve's July policy meeting, with the dollar trending higher against a basket of select currencies.
Investors await for clues to the Fed's interest rate outlook in the wake of recent mixed...
Texas Governor Rick Perry declared his innocence as he turned himself in to authorities Tuesday to face two felony counts of abuse of power.
International Rectifier Corp. (IRF) Tuesday said it has agreed to be acquired by German chip maker Infineon Technologies AG (IFNNY) for about $3 billion in cash. Shares of International Rectifier soared over 47 percent, following the news.
Separately, semiconductor maker International Rectifier also...
With traders taking a breather following the recent upward move by the markets, stocks are turning in a lackluster performance during trading on Wednesday. After moving lower at the open, the major averages have moved back to the upside, but buying interest remains subdued.
Setting the stage for a highly competitive general election campaign, former state Attorney General Dan Sullivan emerged victorious in Alaska's Republican Senate primary on Tuesday. Sullivan will face off against Democratic Sen. Mark Begich, D-Ak., in November in a potentially important race to Republican efforts to retake control of the Senate.
Stocks are turning in a lackluster performance in early trading on Wednesday after moving sharply higher over the past few sessions. The major averages moved lower at the start of trading but have been lingering near the unchanged line since then.
America's second biggest discount-store operator Target, Inc. reported Wednesday a profit for the second quarter that declined 62 percent from last year, despite sales growth, hurt by costs related to last year's embarrassing data breach. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly sales topped their estimates by a whisker.
After moving sharply higher over the past several sessions, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 21 points.