IT services provider Computer Sciences Corp (CSC), on Tuesday reported a profit for the third quarter that also trumped estimates, helped largely by lower operating costs that offset 10 percent drop in revenues.
Commenting on the results Mike Lawrie said, "In the third quarter, CSC successfully completed...
Entertainment giant Walt Disney Co. (DIS) Tuesday reported an increase in first-quarter profit that also trumped Wall Street expectations, as revenues jumped 14 percent on stupendous performance of Star Wars: The Force Awakens.
Burbank, California-based Disney's first-quarter profit rose to $2.88...
Stocks fluctuated throughout the trading session on Tuesday, unable to sustain any significant moves. The choppy trading on the day came on the heels of the sell-off that was seen over the course of the two previous sessions.
CBS News released the criteria for the next Republican presidential debate on Tuesday, indicating that several candidates will need strong showings in tonight's New Hampshire primary to qualify.
President Barack Obama submitted his last budget proposal to Congress on Tuesday, and the plan got an unsurprisingly cold reception from Republicans. Obama's budget proposal would spend a record $4.1 trillion in the fiscal year beginning October 1st and raise taxes by $2.6 trillion over the next decade.
Amid dissatisfaction with the level of discourse in the presidential campaign, former New York Mayor Michael Bloomberg has confirmed reports he is considering an independent bid for the White House.
Stocks have seen some volatility over the course of the trading session on Tuesday but have largely maintained a negative bias. The lack of direction on the day comes on the heels of the steep losses posted in the two previous sessions.
After moving sharply lower over the two previous sessions, stocks are showing a lack of direction in early trading on Tuesday. The major averages showed steep drops at the start of trading but have climbed well off their worst levels since then.
With a drop in inventories of durable goods more than offsetting an uptick in inventories of non-durable goods, the Commerce Department released a report on Tuesday showing a modest decrease in U.S. wholesale inventories in the month of December.
Vermont Sen. Bernie Sanders, I-Vt., and Ohio Gov. John Kasich received the most votes in the tiny New Hampshire community of Dixville Notch early Tuesday morning. The few residents of Dixville Notch traditionally vote at midnight, casting the first votes in the New Hampshire primary.
Stocks are likely to come under pressure in early trading on Tuesday, adding to the steep losses posted in the two previous sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 178 points.
Google chief Sundar Pichai is poised to become the highest-paid chief executive in the U.S. after parent company Alphabet awarded him $199 million in shares. Alphabet Inc. (GOOGL, GOOG) disclosed in a regulatory filing with the U. S. Securities and Exchange Commission that it awarded 273,328 shares worth $199 million to Pichai on February 3rd.
The U.K. merchandise trade deficit narrowed in December despite exports falling for the third straight month, which suggested that weak trade dragged economic growth at the end of 2015. The visible trade deficit decreased to GBP 9.9 billion from GBP 11.5 billion in November, preliminary data from the Office for National Statistics showed Tuesday.
Transmission utility ITC Holdings Corp. announced Tuesday that it has entered into an agreement and plan of merger to be acquired by Canadian electric and gas utility company Fortis Inc. in a deal valued at approximately $11.3 billion. ITC shareholders will receive $22.57 in cash and 0.7520 Fortis shares per ITC share.
The Coca-Cola Company (KO) reported that its fourth-quarter net income to shareowners increased to $1.24 billion or $0.28 per share from $770 million or $0.17 per share, last year. Adjusted earnings per share was $0.38, for the quarter. On average, 21 analysts polled by Thomson Reuters expected the company...