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Updated: 38 min 18 sec ago
Verizon Communications, the No. 1 U.S. wireless carrier by subscribers, reported a 3.2 percent increase in quarterly revenue as heavy promotions helped it to check customer defections.
Southwest Airlines reported a fourth-quarter profit in line with analysts' expectations and said it expected first-quarter operating unit revenue to be unchanged from a year earlier.
Property and casualty insurer Travelers' quarterly profit fell 16.6 percent as its underwriting gains declined and the company earned less from its fixed income and energy investments.
The European Central Bank kept its key refi rate at 0.05%. The ECB also kept its deposit rate at a negative 0.30%. That means banks continue to pay to have their money parked at the bank. The ECB last cut the refi rate in September 2014.
Foxconn, the Taiwanese company that assembles the bulk of the world's iPhones, has offered about $5.3 billion) to take over troubled Japanese electronics maker Sharp.
China shares plunged Thursday, as widening losses in Hong Kong and signs of lessening intervention by Beijing spooked investors.
General Motors said it is launching a car-sharing service called Maven in the United States and Germany, for consumers who want to borrow cars rather than own them.
Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide.
U.S investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing.
China's fragile stock markets ended sharply lower on Thursday as oil prices gave up the day's rally from 13-year lows.
U.S. crude prices were lower by 0.49% at $28.22 per barrel, erasing modest early gains as analysts said a surplus of crude would keep pressuring the market.
U.S. stock futures pointed to a much weaker start for Wall Street on Thursday.
LifeLock Inc. shares fell in Wednesday's extended session after the identity theft protection company announced that founder Todd Davis resigned as chief executive and released preliminary 2015 corporate results.
The American Petroleum Institute late Wednesday reported that crude supplies climbed by 4.6 million barrels for the week ended Jan. 15, according to sources who reviewed the report.
Shares of Kinder Morgan Inc. fell Wednesday after the oil and gas infrastructure company reported a fourth-quarter loss $637 million, or 29 cents a share, versus earnings of $126 million, or 8 cents a share, in the year-ago period.
Citrix Systems Inc. said that Kirill Tatarinov will become president and chief executive officer of the virtualization software company effective Jan. 25.
U.S. stocks finished a wild day of trading lower Wednesday.
A Congressional committee has subpoenaed Martin Shkreli, the former CEO of Turing Pharmaceuticals and KaloBios , to testify at a hearing scheduled for January 26 on pricing and practices in the prescription drug market.
Oil futures settled sharply lower on Wednesday as a global glut of supplies and fear that Iran would add to inventories plagued the market.
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