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API Says U.S. Crude-oil Inventories Fell Last Week: Reports

Tue, 01/12/2016 - 5:59pm
The American Petroleum Institute on Tuesday said U.S. crude-oil inventories fell by 3.9 million barrels last week, according to news reports.
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PCs Face Historical Decline During Holiday Quarter

Tue, 01/12/2016 - 5:58pm
Shipments of personal computers fell 10.6% during the fourth quarter to 71.9 million units, the largest year-over-year decline in PC sales on record, according to industry tracker IDC.
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Aeropostale To Cut 100 Jobs As Part Of Cost-saving Program, Reiterates Fourth-quarter Guidance

Tue, 01/12/2016 - 5:53pm
Aeropostale Inc. said it will cut 100 jobs, or about 13% of staff, as part of a program that is expected to generate between $35 million and $40 million in annual pre-tax savings.
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Yum Shares Gain As China Same-store Sales Recover

Tue, 01/12/2016 - 5:44pm
Yum Brands Inc. shares gained in Tuesday's extended session after the fast-food restaurant operator reported its sales in China recovered last month.
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Apple Leads Holiday PC Shipments Despite Market Contraction

Tue, 01/12/2016 - 5:41pm
Apple Inc. arose as one of the few winners in the PC industry during the holiday shopping season, according to new data released by Gartner.
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Ford Expects Record Pre-tax Profit, Announces Extra Dividend

Tue, 01/12/2016 - 5:31pm
Ford Motor Co. said Tuesday it expects a "record" 2015 pre-tax profit, around the upper range of the car maker's guidance of $10 billion to $11 billion.
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KaloBios Drops Its Nasdaq Delisting Appeal To Focus On Business Strategy

Tue, 01/12/2016 - 5:31pm
Troubled biotech KaloBios Pharmaceuticals Inc. said Tuesday it has decided to drop its appeal of the Nasdaq decision to delist its shares and will instead spend its resources following its business strategy.
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MetLife Shares Surge On Plan To Separate U.S. Retail Business

Tue, 01/12/2016 - 5:30pm
MetLife Inc. shares surged in Tuesday's extended session after the insurance giant said it is planning to spin off its U.S. retail business into a separate entity as part of its strategic review process.
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CSX Shares Decline After Revenue Falls Short Of Street View

Tue, 01/12/2016 - 5:27pm
CSX Corp. shares slipped in the extended session Tuesday after the railroad company missed Wall Street's fourth-quarter revenue estimates for the quarter.
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2 U.S. Navy Boats Held By Iran, AP Reports

Tue, 01/12/2016 - 5:16pm
Two Navy boats with as many as 10 sailors are being held by Iran but will be returned soon, according to the Associated Press.
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JPMorgan CEO Dimon: China is Attractive Investment

Tue, 01/12/2016 - 4:27pm
During an interview with FOX Business Network’s Maria Bartiromo, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon talked about why China is particularly attractive for investing.
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Oil Headed to $20 or below? Fmr. Shell Pres. Weighs In

Tue, 01/12/2016 - 3:58pm
During an interview on the FOX Business Network’s Varney & Co., former Shell (NYSE:RDSA) Oil President John Hofmeister spoke about factors impacting the outlook for oil prices.
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U.S. Oil Prices Dip Below $30 a Barrel, First Time Since '03

Tue, 01/12/2016 - 3:40pm
U.S. oil prices briefly tumbled below $30 a barrel on Tuesday, underscoring the global economy's difficulty with absorbing a relentless flood of crude supplies.
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Oil Futures Trade Below $30 a Barrel For First Time Since 2003

Tue, 01/12/2016 - 3:17pm
Oil futures extended their 2016 plunge, with the U.S. benchmark trading below $30 a barrel for the first time since December 2003.
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Gold Books 3rd Loss In a Row As Dollar Strengthens

Tue, 01/12/2016 - 2:54pm
Gold futures ended lower Tuesday as the yellow metal was weighed down by strength in the U.S. dollar.
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Wal-Mart Recalls 330,000 Griddles, Citing Electrical Shock Threat

Tue, 01/12/2016 - 2:54pm
Wal-Mart Stores Inc. is recalling 330,000 Rival brand griddles because they pose an electrical shock hazard, according to the Consumer Product Safety Commission (CPSC).
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