Clik here to view.
Harley-Davidson shares surge on profit beat
Harley-Davidson (HOG) shares jumped almost 4% in pre-market trading Thursday after reporting fourth-quarter profit that beat Wall Street estimates. The motorcycle maker reported fourth-quarter net...
View ArticleClik here to view.
Fed hike in March? Nasdaq stumbles 2.2%, Dow off 223
Stocks dove sharply into negative territory after the Federal Reserve signaled Wednesday that it has not ruled out another interest rate hike at its March meeting despite noting that it is “closely...
View ArticleClik here to view.
Alibaba beats Street with December earnings
Mobile shopping continues to drive revenue at e-commerce giant Alibaba, beating Wall Street on earnings for the December quarter. Alibaba reported revenue of $5.33 billion with earnings of 99 cents a...
View ArticleClik here to view.
Russian-OPEC production cut a long shot
The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak, who insisted that Russia will hold...
View ArticleClik here to view.
American Airlines: Record profit for 2015
American Airlines Group ended 2015 with a $3.3 billion profit in the fourth quarter, capping off a record-breaking year and echoing the financial results posted by several of its peers. The company’s...
View ArticleClik here to view.
Analysts: Global deal to cut oil production unlikely
Conflicting reports last week that renewed anticipation of global oil production cuts. then quickly squelched it, left in doubt the prospects of crude prices that have plunged 70% the past 18 months...
View ArticleXerox makes official its split into two companies
Xerox will separate into two companies, a $11 billion document technology company and a $7 billion business services company, the office equipment maker announced Friday. The transaction into two...
View ArticleClik here to view.
Mercedes-Benz auctions for record $9.9 million
A rare German luxury car set a new record for the highest Arizona car-auction price, fetching $9.9 million Friday evening. The 1937 Mercedes-Benz 540K Special Roadster fell short of its projected sale...
View ArticleClik here to view.
Dow soars nearly 400, but all 3 major U.S. indexes end January lower
The Dow rose nearly 400 points Friday to cap a turbulent month on an upbeat note after a surprise interest rate cut by the Bank of Japan and despite a report showing weak fourth-quarter U.S. growth. It...
View ArticleClik here to view.
Wall Street bids good riddance to dreary January
Notwithstanding the Dow’s nearly 400-point rally Friday, Wall Street is more than happy to bid good riddance to a dismal January and spin the dice on things getting better in February and beyond. The...
View ArticleClik here to view.
Hard-hit Nasdaq put on bear market watch
The tech wreck circa 2016 has put the technology-dominated Nasdaq composite within striking distance of a bear market. After Monday’s tech rout, which dragged the Nasdaq down nearly 2%, the stock...
View ArticleClik here to view.
Sears warns Q4 worse than expected, accelerates store closures
Sears (SHLD) will accelerate planned store closures and continue to purge other assets to keep its business turnaround afloat after reporting Tuesday that the holiday season will fall short of...
View ArticleClik here to view.
Hiring, quits hit 9-year highs in December
The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job openings also jumped...
View ArticleClik here to view.
Wall Street volatility rules as stocks retreat again; Dow drops about 50
Volatility continues to rule on Wall Street as stocks bounce around in choppy trading Tuesday amid oil weakness and global stock turmoil that saw Japanese shares fall more than 5% overnight. Global...
View ArticleClik here to view.
Yahoo latest strategic plan likely just buys time
Perhaps, after Yahoo announced on Tuesday more than 1,600 job cuts — 15% of its workforce — and the closure of operations in five cities amid middling quarterly results. The company’s vow to explore...
View ArticleClik here to view.
Yahoo to lay off 15% of workforce amid $400M cost-cutting
Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet company....
View ArticleClik here to view.
Chipotle Q4 income falls 44% on health scares
Chipotle Mexican Grill, the embattled burrito restaurant chain, said Tuesday its fourth-quarter net income plummeted 44%, marking its worst quarter as a publicly traded company after an E.coli outbreak...
View ArticleClik here to view.
MF Global customers recover $8.1B from brokerage’s failure
Former securities and commodities customers of MF Global have recovered $8.1 billion — virtually all of their assets — with Tuesday’s conclusion of the bankruptcy court liquidation of the failed...
View ArticleClik here to view.
Fed’s Yellen cites growing risks to economy
Federal Reserve Chair Janet Yellen told Congress on Wednesday global economic troubles and the recent sell-off in stocks could rattle the U.S. economy, raising the prospect of a delay in interest rate...
View ArticleClik here to view.
Mylan shareholders recoil after $7.2B deal for Meda
Pharmaceutical giant Mylan said it reached a deal to acquire Swedish drug company Meda for cash and stock worth $7.2 billion in a move that dinged the Israel-based firm’s stock. Mylan is targeting Meda...
View Article