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Updated: 23 min 41 sec ago

Gulf stock markets slide despite oil price bump as Saudi Arabia launches airstrikes on Yemen

Thu, 03/26/2015 - 9:23am
Stock markets across the Gulf Arab region and other parts of the Middle East have closed slightly lower, an expected tumble that began as markets opened after Saudi Arabia launched airstrikes overnight on neighboring Yemen.
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Maersk Line orders 7 container ships from COSCO at start of $15 billion global investment plan

Thu, 03/26/2015 - 9:19am
Maersk Line says it has ordered seven ice-class container vessels from Chinese shipyard COSCO as a first step in a $15 billion investment program.
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Republic Steel announces 200 temporary layoffs at Ohio plant, cites steel dumping, demand

Thu, 03/26/2015 - 9:03am
Republic Steel has announced it is temporarily laying off 200 workers from its Lorain plant in northeastern Ohio.
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Cyprus says consortium fails to find sufficient gas quantities at 2nd drilling site

Thu, 03/26/2015 - 9:01am
Cyprus' Energy Ministry says an Italian-South Korean consortium has failed to find natural gas at a second offshore site where it has carried out exploratory drilling.
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Cost-Cutting Expected After Heinz, Kraft Merger

Thu, 03/26/2015 - 8:57am
When Kraft Foods Group merges with H.J. Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh.
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Lululemon Sees Earnings Below Forecasts

Thu, 03/26/2015 - 8:53am
Canadian yogawear retailer Lululemon Athletica forecast earnings and revenue below analysts' expectations, saying it would spend more on innovation to drive sustainable growth.
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Prosecutor: Germanwings Co-Pilot May Have Crashed Deliberately

Thu, 03/26/2015 - 8:37am
The co-pilot of the Germanwings airliner that crashed in the French Alps killing all 150 people aboard appears to have brought the A320 Airbus down deliberately, the Marseille prosecutor said on Thursday.
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US applications for jobless benefits dip to 282k; sign employers are shrugging off slow winter

Thu, 03/26/2015 - 8:36am
Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.
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Jobless Claims Drop 9,000 To Five-week Low Of 282,000

Thu, 03/26/2015 - 8:30am
The number of people who applied for U.S. unemployment benefits fell by 9,000 to 282,000 in the seven days from March 15 to March 21, indicating that companies are holding onto their workers despite what appears to be a marked slowdown in first-quarter growth.
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ConAgra Foods reports third-quarter loss of $952.7 million

Thu, 03/26/2015 - 8:26am
ConAgra Foods Inc. (CAG) on Thursday reported a fiscal third-quarter loss of $952.7 million, after reporting a profit in the same period a year earlier.
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Weekly Jobless Claims Fall More than Expected

Thu, 03/26/2015 - 8:24am
The number of Americans filing for first-time unemployment benefits fell more than expected last week, to the lowest level since mid-February, pointing to a healthy and expanding labor market.
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SanDisk lowers 1Q revenue outlook; expects 2015 revenue to come in below prior guidance

Thu, 03/26/2015 - 8:24am
Flash-memory chip maker SanDisk is cutting its fiscal first-quarter revenue forecast partly because of lower-than-expected sales of enterprise products and lower pricing in some areas of the business.
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Shell announces 250 job cuts in North Sea operations amid falling oil prices

Thu, 03/26/2015 - 8:14am
Shell U.K. says it will cut at least 250 staff and contractors in the North Sea, amid sharp drops in the price of oil.
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Oil Surges After Saudi Air Strikes in Yemen

Thu, 03/26/2015 - 8:07am
U.S. crude oil prices soared on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.
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U.S. Equity Futures Slide as Growth Worries Persist

Thu, 03/26/2015 - 8:03am
U.S. equity futures were trading deep in negative territory Thursday with tech and biotech stocks threatening to drag the market lower for a second day.
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ConAgra Foods Stock Gains After Better-than-expected Profit, Upbeat Outlook

Thu, 03/26/2015 - 7:53am
ConAgra Foods Inc.'s stock rallied 1.6% in premarket trade Thursday, after the packaged food company reported a better-than-expected fiscal third-quarter profit and provided an upbeat full-year outlook.
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New York cracking down on health care workers who deliberately sleep while on the job

Thu, 03/26/2015 - 7:18am
By day, Tanya Lemon was a 35-year-old single mother who took care of her four children.
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Utah governor approves bill that allows restaurants to ban cyclists from drive-thru lanes

Thu, 03/26/2015 - 7:16am
Utah Gov. Gary Herbert has approved a bill that would overrule Salt Lake City's mandate that restaurants allow cyclists in drive-thru lanes.
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Kansas poised to join handful of states allowing firearms concealed carry without a permit

Thu, 03/26/2015 - 7:13am
Kansas is poised to join a handful of other states that allow their residents to carry concealed firearms without a permit after the Legislature gave final approval Wednesday to a bill backed by the National Rifle Association.
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