Citigroup revised its 3Q results lower due to a $600 million increase in legal accruals. The bank adjusted its 3Q net income to $2.84 billion from $3.44 billion, citing "rapidly evolving regulatory inquiries."
Scientists have been puzzling for years over why some people survive Ebola while many others perish.
Williams-Sonoma Inc. has agreed to pay a $700,000 fine after the government accused the home goods retailer of taking too long to report that its window shades posed a strangulation hazard to children.
U.S. stock indexes closed higher Thursday as big companies turned in encouraging quarterly results.
Citigroup's stock dropped 1.7% in after-hours trade Thursday, after the bank revised its previously-reported third-quarter earnings downward to reflect a $600 million increase in legal expenses.
The major benchmarks were all in the green following the end of the Fed’s bond buying program and got a boost from the better-than-expected third-quarter GDP growth of 3.5%. Initial jobless claims came in slightly higher than expected at 287,000 but were still low enough to generate positive economic sentiment. Strong quarterly earnings by Visa and MasterCard kicked off the day’s rally.
GoPro's quarterly revenue jumped 46% due to strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies.
Corporate networking site LinkedIn reported a 45% rise in quarterly revenue as more businesses used its services to hire staff.
GoPro Inc. shares rose in the extended session Thursday after the mobile sports-camera maker's third-quarter results topped Wall Street expectations.
Expedia Inc. late Thursday reported its third-quarter earnings rose to $257.1 million, or $1.94 a share, from $170.9 million, or $1.22 a share, a year earlier.
The Dow Jones Industrial Average dominated Thursday's trading session, by rallying more than 200 points, owing most of its gains to a jump in Visa Inc. Broader benchmarks also rose, after a pair of upbeat economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative.
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The Dow got a big boost from Visa on Thursday, as the credit card company lifted the big board near record highs. The Dow ended the day 221 points higher, the S&P 500 tacked on 12 points and the Nasdaq was up 16.
A top executive of CVS Caremark said Thursday that ending tobacco sales at CVS drug stores last month was the right thing to do even though the sales brought in $1 billion in revenue.
GOP lawmakers called for the administration to suspend detainee transfers from Guantanamo Bay following a Fox News report that as many as 20 to 30 former prisoners are suspected of having joined forces with the Islamic State and other groups inside Syria.
Indiana's supreme court justices grilled attorneys for the state and IBM Corp. on Thursday about the company's failed attempt to privatize Indiana's welfare services, which prompted the state to cancel IBM's $1.3 billion state contract less than three years into the 10-year deal.