With traders focused on the latest batch of earnings news amid a lack of major U.S. economic data, stocks are turning in a mixed performance during trading on Friday. Currently, the major averages remain on opposite sides of the unchanged line.
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion.
After showing a lack of direction throughout much of the previous session, stocks continue to turn in a lackluster performance in early trading on Friday. Currently, the major averages are turning in a mixed performance on the day.
Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
With Donald Trump refusing to commit to accepting the results of the upcoming presidential election, a new Politico/Morning Consult poll found that nearly a quarter of the Republican nominee's supporters think he should challenge the results if Democratic rival Hillary Clinton wins.
U.S. luxury retailer Coach Inc. is exploring a merger with UK-based peer Burberry Group plc to create a $20 billion luxury clothing giant, the Betaville financial blog reported Friday, citing two sources familiar with the matter. According to the report, Coach is in talks with financial advisers from Evercore for several weeks on a potential merger deal with the British trench coat maker.
Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
Trading activity may remain somewhat subdued on Friday following the lackluster performance seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 65 points.
Fast food giant McDonald's Corp. on Friday reported a 3 percent decline in profit for the third quarter from last year, reflecting one-time charges and lower sales. However, both revenue and earnings per share beat analysts' expectations. Shares of the company are gaining more than 3 percent in pre-market activity.
General Electric Company (GE) reported that its third-quarter Industrial operating plus Verticals earnings, a non-GAAP measure, decreased 2% year-over-year to $2.87 billion. Industrial operating plus Verticals earnings per share was $0.32 compared to $0.29 prior year. On average, 15 analysts polled by...
Trading in the U.S. index futures suggests that Wall Street stocks may open lower on Friday. Though it is a quiet day, the market is keen to track Baker-Hughes data of exploratory rigs and the latest earnings news of General Electric and McDonald's today. Asian stocks closed in the red, while European shares are mostly higher.
European stocks are holding mostly steady on Friday, a day after ECB President Mario Draghi left the door open to more stimulus.
The euro is currently hovering near a seven-month low against the dollar in the wake of dovish remarks from Draghi yesterday. With earnings proving a mixed bag, traders...
Shares of Daimler AG were losing around 3 percent in the morning trading, after the German auto giant trimmed its forecast for fiscal 2016 revenues and unit sales, while it backed adjusted EBIT view. Meanwhile, in the third quarter, the company recorded higher earnings and revenues, with increased sales volumes.
German software developer SAP SE reported Friday lower profit in its third quarter due to higher stock-based compensation expense. However, revenues were higher. All regions posted improved results. Citing the strong cloud performance, the company said it is confident to deliver a strong fourth quarter, and also raised its full-year 2016 operating profit and revenue outlook.
Shares of Ericsson were declining around 3 percent in the early morning trading after the Swedish telecom operator reported Friday a loss in its third quarter as net sales were hurt by weaker demand for mobile broadband, especially in markets with weak macro-economic environment.