Swedish apparel retailer Hennes & Mauritz (HNNMY.PK, HMRZF.PK, HEN.L) Wednesday said profit in the second quarter declined from the prior year, hurt by negative currency impact and unfavourable weather.
Alcatel-Lucent (ALU) Wednesday announced a three-year plan called 'The Shift Plan', aimed at repositioning the company as a specialist provider of IP Networking and Ultra-Broadband Access. The plan targets 1 billion euros in fixed cost savings and asset sales of more than 1 billion euros over 2013-2015. Alcatel also said once the plan is underway, its Finance Chief Paul Tufano would step down.
European stocks are seen opening largely unchanged on Wednesday, with trading activity likely to remain somewhat subdued amid caution ahead of Fed's policy decision and Chairman Ben Bernanke's accompanying press conference later today.
Asian stocks are trading mostly lower, with the markets in China...
Satellite TV provider Dish Network Corp. said Tuesday that it would not be able to submit a revised offer for Sprint Nextel Corp. by the Tuesday deadline set by the wireless carrier.
Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.
Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.
U.S. crude oil settled higher Tuesday, ahead of the weekly crude oil inventories report and on supply concerns stemming from the geopolitical tensions in the Middle East as violence continued unabated in Syria. Investors also viewed the possible outcome of the two-day U.S. Federal Reserve policy meet...
In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.
While Hillary Clinton has not officially announced her intention to run for president in 2016, the former Secretary of State has already picked up a high profile endorsement from Missouri Senator Claire McCaskill, D-Mo.
In a statement released on Tuesday, McCaskill announced her support for Ready for Hillary, an independent political action committee urging Clinton to run for president.
Gold futures plunged to end at a four-week low Tuesday, as investors continued to be apprehensive at the outcome of the two-day U.S. Federal Reserve's policy meet later this week which will decide the fate of the quantitative easing program. Investors also weighed in some mixed macroeconomic data out...
President Barack Obama has announced that the U.S. will provide $300 million in additional humanitarian assistance to help people affected by the ongoing conflict in Syria.
The announcement came during Obama's meeting with G-8 leaders in Northern Ireland, which has largely focused on how to address the civil war between rebels and forces loyal to Syrian President Bashar al-Assad.
After ending the previous session mostly higher, stocks have seen some further upside over the course of the trading day on Tuesday. Trading activity has remained somewhat subdued, however, with traders keeping a close eye on the Federal Reserve. The major averages have recently pulled back off their highs for the session but remain firmly positive.
Stocks have moved moderately higher in early trading on Tuesday, adding to the gains posted in the previous session. The major averages have climbed into positive territory, although buying interest seems somewhat subdued. The major averages have pulled back off their highs for the young session in the past few minutes but are holding on to gains.
After reporting decreases in consumer prices in each of the two previous months, the Labor Department released a report on Tuesday showing a modest increase in prices in the month of May.
The Labor Department said its consumer price index inched up by 0.1 percent in May after falling by 0.4 percent in April and dipping by 0.2 percent in March.
New residential construction in the U.S. showed a significant rebound in the month of May, according to a report released by the Commerce Department on Tuesday, although housing starts still came in well below economist estimates. The report said housing starts climbed 6.8 percent to a seasonally adjusted annual rate of 914,000 in May from the revised April estimate of 856,000.