After showing a lack of direction throughout the previous session, stocks may continue to experience choppy trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 6 points.
European Commission President Jean-Claude Juncker has announced the creation of a new EU strategic investment fund designed to mobilize at least EUR315 billion over the next three years to jump-start the EU economy. The Investment Plan to get Europe growing again and get more people back to work was unveiled at the European Parliament's plenary session on Wednesday. The plan is based on three pill
Agricultural machinery maker Deere & Co. on Wednesday reported a 20 percent decline in profit for the fourth quarter from last year, reflecting lower sales of agricultural equipment amid a slowdown in the global farm sector. However, both revenue and earnings per share beat analysts' expectations. Looking ahead, the company forecast lower earnings and equipment sales for fiscal 2015.
The U.K. economy registered robust growth as estimated in the third quarter as strength in consumer spending offset the weakness in exports and business investment. Gross domestic product grew 0.7 percent sequentially in the third quarter, unrevised from the previous estimate published on October 24, second estimates from the Office for National Statistics showed Wednesday.
Rumors are swirling about possible management changes at Samsung following a year that saw the company's profits dip and stock prices fall. Questions have arisen about the future role of both of the company's co-CEOs, J.K Shin and B.K. Yoon.
Early indications suggest that Wall Street stocks may open slightly higher on Wednesday even as the mood remains apprehensive ahead of the release of a slew of market moving economic data. Asian stocks closed mostly higher earlier in the day, while the European markets are gaining ground, adding to the...
Tour operator Thomas Cook Group Plc Wednesday reported a narrower loss for fiscal 2014, as margins improved reflecting strong progress in delivering Wave 1 of its cost out and profit improvement programme. Revenues, however, declined from last year. The shares fell more than 22 percent in London.
Exact Sciences Corp.'s (EXAS) Cologuard will be reimbursed at $502 per test, according to the final payment decision issued by the Centers for Medicare & Medicaid Services.
The following companies reported earnings after the bell on Nov 25.
Analog Devices, Inc. (ADI)
Nimble Storage, Inc. (NMBL)
CNinsure Inc, (CISG)
TiVo Inc (TIVO)
Simulations Plus, Inc. (SLP)
Books-A-Million, Inc. (BAMM)
Mecox Lane Limited (MCOX)
21Vianet Group, Inc. (VNET)
Veeva Systems Inc...
European stocks are seen opening slightly higher on Wednesday, as stronger-than-expected U.S. GDP data spurred optimism the U.S. economy is on a solid footing despite an uncertain global economy.
Traders eye more U.S. data later in the day, including reports on jobless claims, durable goods orders,...
The drug label of Biogen Idec Inc.'s (BIIB) Tecfidera, an oral therapy for multiple sclerosis, has been updated to include information describing the case of a rare and serious brain infection called PML associated with its use, the FDA announced on Tuesday.
Analog Devices reported a plunge in fourth-quarter profit, hurt by acquisition-related charges and other expenses, even as sales climbed 20 percent on strength in industrial and communications segments. Earnings for the quarter topped Wall Street estimates by a penny, and sales also surpassed expectations.
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Stocks were little changed Tuesday, unable to sustain any direction following a mixed batch of economic data, including an upbeat reading on U.S. third quarter GDP.
The S&P 500 closed 2.37 points, or 0.1 percent, lower at 2,067.04. The index touched a new record high before turning lower in the final...
U.S. crude oil plummeted over two percent for a second straight session to end at a four-year low on Tuesday, after reports said a meeting of four major oil producers failed to agree on production cuts, ahead of the upcoming OPEC meeting in Vienna.
However, some unconfirmed reports that the meet is...