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Updated: 38 min 18 sec ago

Verizon 4Q Revenue Rises 3.2%

Thu, 01/21/2016 - 8:03am
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.
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Southwest Air Profit Meets Expectations

Thu, 01/21/2016 - 7:57am
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.
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Travelers' 4Q Earnings Beat Estimates

Thu, 01/21/2016 - 7:40am
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.
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ECB Takes Cautious Stance as Markets Tumble

Thu, 01/21/2016 - 7:28am
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.
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Foxconn Bids Over $5 Billion for Sharp

Thu, 01/21/2016 - 6:23am
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.
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Asian Shares Mostly Fall, China Plunges

Thu, 01/21/2016 - 6:11am
China shares plunged Thursday, as widening losses in Hong Kong and signs of lessening intervention by Beijing spooked investors.
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GM Starts Car-Sharing Service in Germany, U.S.

Thu, 01/21/2016 - 5:58am
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.
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Barclays Slashes Investment Banking Jobs

Thu, 01/21/2016 - 5:13am
Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide.
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Citigroup Cuts Global Growth Forecasts

Thu, 01/21/2016 - 4:57am
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.
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China Closes Down 3% as Oil Rally Fades

Thu, 01/21/2016 - 4:46am
China's fragile stock markets ended sharply lower on Thursday as oil prices gave up the day's rally from 13-year lows.
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Oil Prices Dip Again as Oversupply Weighs on Market

Thu, 01/21/2016 - 4:28am
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.
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U.S. Stock Futures Tumble After Rough Day For Asia, Oil Under Pressure

Thu, 01/21/2016 - 3:53am
U.S. stock futures pointed to a much weaker start for Wall Street on Thursday.
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LifeLock Slides As Founder Todd Davis Resigns As CEO

Wed, 01/20/2016 - 5:52pm
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.
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API Data Show U.S. Crude Supplies Up 4.6 Million Barrels: Sources

Wed, 01/20/2016 - 5:47pm
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.
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Kinder Morgan Falls After Surprise Quarterly Loss

Wed, 01/20/2016 - 5:24pm
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.
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Citrix Appoints Former Microsoft Exec Tatarinov CEO, President

Wed, 01/20/2016 - 5:18pm
Citrix Systems Inc. said that Kirill Tatarinov will become president and chief executive officer of the virtualization software company effective Jan. 25.
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U.S. Stocks Finish Sharply Lower, But Trim Losses In Wild Tradin

Wed, 01/20/2016 - 5:06pm
U.S. stocks finished a wild day of trading lower Wednesday.
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Martin Shkreli Subpoenaed By Congressional Committee

Wed, 01/20/2016 - 5:03pm
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.
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February WTI Oil Drops Nearly 7% To a 2003 Low

Wed, 01/20/2016 - 3:46pm
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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How to Cope With Stock Market Gyrations

Wed, 01/20/2016 - 3:33pm
Time for the obligatory roller-coaster shot…how is thismarket’s wild ride treating you?
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