FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 25 min 15 sec ago
American Airlines Group Inc.'s stock surged 2.3% in premarket trade Friday, after the air carrier reported a fourth-quarter profit that rose above expectations.
U.S. refiner Phillips 66 reported a 43 percent fall in quarterly profit, hurt by lower earnings from its midstream and chemicals businesses.
Men's Wearhouse Inc. said it will launch a new publicly- trading holding company starting Jan. 31, Tailored Brands Inc. Men's Wearhouse shareholders will become shareholders of Tailored Brands on a one-for-one basis.
Xerox said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit, in which activist investor Carl Icahn will get three board seats.
Honeywell International, a U.S. manufacturer of aerospace parts and climate control systems, reported a 24.9 percent rise in quarterly profit, helped by lower costs.
Whirlpool Corp. on Friday posted quarterly adjusted earnings that exceeded Wall Street's expectations, but sales fell short of its mark.
Whirlpool forecast 2016 earnings largely below Wall Street estimates, and said unit shipments in Brazil would fall by 10 percent this year.
World shares jumped and the yen slumped on Friday after the Bank of Japan stunned markets by taking one of its main interest rates into negative territory.
International Business Machines CEO Virginia Rometty is getting a $4.5 million performance bonus for 2015, despite the computer maker's ongoing financial struggles.
Sony, widely regarded as a key supplier of image sensors for Apple iPhones, said it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter.
Oil was steady around $34 per barrel on Friday as hopes of a deal by major exporters to cut production faded slightly.
Chinese shares closed sharply higher on Friday, recovering some of the week's losses, but still recorded their biggest monthly fall in about seven years.
Credit conditions are deteriorating and that's worrisome
The bulls came off the sidelines today and stayed in the game until the closing bell!
Fortinet Inc. shares jumped in the extended session Thursday after the cybersecurity company topped Wall Street estimates for the quarter.
Western Digital Corp. late Thursday reported its fiscal second-quarter earnings fell to $251 million, or $1.07 a share, from $438 million, or $1.84 a share, in the same period last year.
Visa Inc. said Thursday it earned an adjusted $1.7 billion, or 69 cents a share, in the fiscal first quarter of 2016, up 10% from the year-ago period.
Shares of Amazon.com
Microsoft Corp. shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter.