Trading in the U.S. index futures suggests that Wall Street stocks may open Monday's session modestly higher, a far cry from the buoyant mood that prevailed last Friday. Global cues are mixed, with Asian stocks advancing strongly, while the European markets are witnessing weakness amid some disappointing domestic earnings.
Swedish home appliances firm Electrolux AB, which is in deal to buy General Electric Co.'s Appliances business, Monday reported higher third-quarter profit, reflecting about 6 percent growth in sales mainly due to increased sales in North America and Latin America. The shares are currently trading up around 6 percent.
German department store operator Metro AG (MTAGF.PK, MTTRY.PK) Monday reported a slight fall in fourth-quarter profit, but confirmed its outlook for adjusted Earnings Before Interest and Tax. Further, the company said its Christmas business got off to a confident start.
Koninklijke Philips Electronics NV, which is being separated into two entities, reported Monday a loss in its third quarter, compared to prior year's profit, reflecting higher charges mainly related to the jury verdict in the Masimo litigation, as well as the voluntary production suspension at the Cleveland facility. Looking ahead, the company projected lower earnings in the second half.
European stocks are poised to follow Asian markets higher on Monday as fears about Ebola faded and a rally on Wall Street Friday on the back of upbeat earnings and economic reports eased recent concerns about the health of the world's largest economy.
The Asian markets are rising across the board,...
German business software maker SAP SE (SAP) Monday said third-quarter profit increased from the previous year, amid a 5 percent growth in revenues. However, citing the customer-driven mix shift from upfront to cloud subscription revenue, SAP reduced its non-IFRS operating profit forecast for 2014.
Tesoro Logistics LP said Sunday that it has agreed to acquire QEP Resources Inc.'s natural gas gathering and processing business, QEP Field Services LLC, for about $2.5 billion in cash. The deal values includes $230 million to refinance debt at QEP Midstream Partners. The transaction includes the acquisition of QEP Field Services' 58 percent ownership interest in QEP Midstream Partners LP.
Colorado based doctor Dilip Joseph, who was kidnapped by the Taliban discusses his ordeal in detail in a book published by Amazon on Tuesday.
Extending the rebound seen over the course of the previous session, stocks moved sharply higher during trading on Friday. The gains on the day partly offset the recent sell-off on Wall Street, although the major averages remain well off their mid-September highs.
U.S. crude oil ended slightly higher for a second straight session, supported by some positive economic data from the U.S. with housing starts and consumer sentiment rising more than expected, and as well on bargain hunting.
Nonetheless, the uptick in prices were checked as investors continued to...
While the Ebola outbreak in the U.S. has thus far been limited to just three people, the results of a new CBS News poll suggest that news of the disease has contributed to a sharp drop in public confidence in the Centers for Disease Control and Prevention.
Gold futures extended losses for a second straight session to end lower on Friday, tracking rising global equity markets after some upbeat economic data from the U.S.
However, gold futures gained 1.4 percent for the week.
Nevertheless, persisting worries over eurozone growth appear to be limiting...
After moving notably higher at the open, stocks have seen some further upside over the course of the trading day on Friday. The strong gains on the day are partly offsetting the sell-off seen over the past several sessions.
While the administration initially resisted calls to appoint an Ebola "czar," President Barack Obama now reportedly plans to tap former White House official Ron Klain for the role. Klain previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore and is said to be highly regarded at the White House.
Consumer sentiment in the U.S. has unexpectedly improved in the month of October, according to a report released by Thomson Reuters and the University of Michigan on Friday.