European stock futures indicate a higher start, although gains are likely to be capped owing to lack of triggers and lingering uncertainty over when, and how quickly, the Federal Reserve will begin scaling back its $85 billion worth of monthly bond repurchases. Comments made by two Fed officials yesterday...
The Eurozone finance ministers said on Monday that Greece's creditors are unlikely to conclude the ongoing review of the country's fiscal adjustment program in December as more progress is required on the already agreed measures. The Troika comprising the International Monetary Fund, the European Union and the European Central Bank will return to Athens on Tuesday.
Apparel maker PVH Corp. said Monday after the markets closed that its third quarter profit rose 17% from last year, as revenue surged due to the acquisition of its former licensee Warnaco Group, Inc earlier this year in addition to strong performance of its Tommy Hilfiger and Calvin Klein brands.
Stocks moved modestly higher during trading on Monday, adding to the strong gains posted last Friday. While the markets continued to recover from the pullback seen early last week, buying interest remained relatively subdued. The major averages closed only slightly higher, although the S&P 500 still reached a new record closing high.
Time magazine unveiled the top ten finalists for "Person of the Year" in 2013 on Monday, providing a list that includes a wide variety of individuals that made headlines in the past year. The list includes world leaders such as U.S. President Barack Obama, Syrian President Bashar Assad, and Iranian President Hassan Rouhani.
The Federal Reserve may taper their $85 billion dollar per month asset purchase plan next week in response to better-than-expected jobs growth, said James Bullard, the president of the St. Louis Federal Reserve Bank. Job growth in the month of November pushed the unemployment rate down to a five-year low of 7 percent, the Labor Department reported on Friday.
The risks associated with the Federal Reserve's unprecedented support measures are beginning to outweigh further benefits, according to Richmond Fed President Jeffrey Lacker.
In the first of today's three speeches from Fed officials, Lacker argued that there is little more that the central bank can...
While buying interest has waned from earlier in the session, stocks remain mostly positive in mid-day trading on Monday. The major averages are adding to the strong gains posted on Friday, further offsetting the pullback seen early last week. Currently, the major averages are posting modest gains, well off their highs for the session.
While Sen. Ted Cruz faced considerable backlash from supporters for issuing a statement praising the late Nelson Mandela, the Texas Senator will reportedly still be among a group of U.S. lawmakers attending a memorial service for the former South African President.
Stocks have moved modestly higher in early trading on Monday, adding to the strong gains posted last Friday. The major averages have all climbed into positive territory, with the tech-heavy Nasdaq reaching its best levels since 2000. The major averages have seen some further upside in the past few minutes, reaching new highs for the young session.
Food-distribution giant Sysco Corp. has agreed to acquire peer US Foods for about $3.5 billion in cash and stock, the two companies said Monday. Sysco will also refinance US Foods' net debt of about $4.7 billion, bringing the total enterprise value of the deal to $8.2 billion. Shares of Sysco were gaining almost 24 percent in the regular trading session following the announcement.
Following the rally seen last Friday, stocks may see some further upside in early trading on Monday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 6 points.
Eight global technology giants have formed an alliance and called on the world's governments to make radical changes to the practices and laws regulating surveillance of individuals and access to their information. The Reform Government Surveillance group consists of Google, Apple, Facebook, Twitter, AOL, Microsoft, LinkedIn, and Yahoo.
Early indications suggest that Wall Street stocks may open mixed on Monday after the remarkable gains posted last Friday on the back of stellar job gains. That said, the absence of any major clinching catalysts could bring back the all too familiar indecisive mood, as the markets stare at some of the...
Kentz Corp. Ltd., the holding company of the Kentz engineering and construction group, Monday announced that it has entered into an agreement to acquire the US-based Valerus field solutions business for $435 million in cash, or 266.5 million pounds, subject to a working capital adjustment.