Eastman Chemical Co. (EMN) on Monday reported an increase in profit for the second quarter, as the chemical company's revenues increased across all segments except at its specialty fluids and intermediates unit. Earnings for the quarter came in ahead of Wall Street estimates, but revenues fell short...
Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
Herbalife reported a decline in second-quarter profit, hurt by poor margins and weak demand in the Americas, overshadowing the growth in Europe and China. Adjusted earnings missed Wall Street estimates after consecutive periods of better-than-expected performance. Herbalife provided some soft guidance for the third quarter, and its shares tanked 10 percent in after-hours trade.
Stocks showed a significant recovery over the course of the trading day on Monday after coming under pressure in early trading. The markets eventually ended the session roughly flat following the mixed performance that was seen last week.
U.S. crude oil ended lower on Monday, after some disappointing pending home sales data from the U.S. and waning demand from Europe and Asia, even as investors await the Federal Reserve's monetary policy details later in the week.
Weak demand for crude oil in Europe and Asia, coupled with excess supply...
House and Senate negotiators revealed Monday that they have reached an agreement on compromise legislation to reform the scandal-plagued Veterans Affairs Department.
Gold futures ended flat on Monday, as investors await the U.S. Federal Reserve's monetary policy later this week, while continuing to monitor the escalating violence in Libya, and the uncertainties in Gaza and Ukraine.
Investors await the Federal Reserve's monetary policy announcement later in the...
Former Alaska Governor and Republican Vice Presidential nominee Sarah Palin announced Sunday that she is launching her own online news channel in an effort to provide her supporters an alternative to the mainstream news media.
After showing a notable move to the downside in early trading, stocks have regained some ground over the course of the trading day on Monday. The markets have maintained a negative bias, however, keeping the major averages in the red.
After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June.
Stocks have moved mostly lower in early trading on Monday after opening the session near the unchanged line. The major averages have slid firmly into negative territory, with the S&P 500 pulling back further off last Thursday's record closing high.
Real estate information website Zillow, Inc. agreed Monday to acquire smaller rival Trulia, Inc. in a stock-for-stock deal valued at about $3.5 billion. The deal, approved by the boards of directors of both companies, is expected to close in 2015. Following the closure of the deal, Zillow shareholders will own 67 percent of the combined company, while Trulia shareholders will own 33 percent.
Engine maker Cummins Inc. (CMI) Monday reported increased profit for the second quarter that topped estimates, as revenues increased 7 percent from last year, with strong performance in North America. The company also boosted its revenue forecast for the year.
After turning in a mixed performance last week, stocks may continue to experience choppy trading early on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 2 points.
Roper Industries, Inc. (ROP), a diversified technology company, Monday said second-quarter profit increased from the prior year, supported by growth in revenues. Citing the second-quarter performance, the company raised its full year earnings forecast.