FOX News: Business

Syndicate content FOX Business - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 21 min 7 sec ago

Lennar posts higher-than-expected profit as home sales rebound

Wed, 09/17/2014 - 8:04am
Lennar Corp, the second largest U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and its shares rose about 6 percent in premarket trading.
Categories: FOX News

General Mills Profit Slides 25% as Sales Decline

Wed, 09/17/2014 - 8:00am
General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 25 percent fall in quarterly profit as sales fell for the fourth straight quarter and merchandising costs rose.
Categories: FOX News

FedEx Shares Rally After Better-than-expected Profit, Sales

Wed, 09/17/2014 - 7:45am
Shares of FedEx Corp. rallied 2.1% in premarket trade Wednesday, after the package-delivery giant reported better-than-expected fiscal first-quarter profit and sales, boosted by strength in its FedEx Ground and FedEx Freight businesses.
Categories: FOX News

U.S. Equity Futures Flat Ahead of FOMC Statement

Wed, 09/17/2014 - 7:42am
U.S. stock-index futures were flat as lingering nervousness over the FOMC statement on top for Monday afternoon balanced news China's central bank flooded lenders with liquidity.
Categories: FOX News

FedEx Posts Fiscal 1Q Beat

Wed, 09/17/2014 - 7:38am
The world's No. 2 package-delivery firm saw higher volumes in express and ground businesses, results which gave shares a boost in the pre-market.
Categories: FOX News

General Mills Shares Fall After Disappointing Quarterly Profit, Sales

Wed, 09/17/2014 - 7:18am
Shares of General Mills fell 3.2% in premarket trade after the packaged food maker reported fiscal first-quarter profit and sales that fell more than expected.
Categories: FOX News

BOE Minutes Show Interest-rate Vote Split 7-2 Again

Wed, 09/17/2014 - 4:37am
The Bank of England's Monetary Policy Committee voted 7-2 at its September meeting to keep rates on hold and its quantitative-easing program unchanged, according to minutes released on Wednesday.
Categories: FOX News

Asia Stocks: Latest Quotes

Tue, 09/16/2014 - 10:10pm
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) up 0.2% ; Hong Kong (Hang Seng Index) up 1% ; Shanghai (Shanghai Composite Index) up 0.1% ; Sydney (S&P/ASX 200) down 0.4% ; Seoul (Kospi) up 0.7% Taipei (Taiex) up 1.1%
Categories: FOX News

Hong Kong Stocks Bounce Back After Liquidity Boost

Tue, 09/16/2014 - 10:09pm
Hong Kong stocks clawed back some losses Wednesday following an eight-day losing streak, after China's central bank injected about $81 billion into the country's five major banks to support growth and ease fears triggered by a slew of weaker-than-expected data released recently.
Categories: FOX News

Australia Stocks' Opening Gains Vanish

Tue, 09/16/2014 - 8:55pm
Australian stocks saw their early gains fade in early Wednesday transactions, with the S&P/ASX 200 flat about an hour into the session.
Categories: FOX News

Japan Stocks Rise, As Nikkei Average Tests 16,000

Tue, 09/16/2014 - 8:32pm
Gains for U.S. shares overnight and a modest weakening of the yen helped send Japanese stocks higher Wednesday morning, with the Nikkei Average up 0.3% at 15,965.21 as it tried to cross back above the 16,000 level where it started the year.
Categories: FOX News

Claman on Call: All Eyes on the Fed

Tue, 09/16/2014 - 5:32pm
Welcome to Claman on Call. The markets may be closed, but FOX Business is always on call.
Categories: FOX News

Nike Said To Pull Adrian Peterson Gear From Twin Cities Stores

Tue, 09/16/2014 - 5:16pm
In the wake of the controversy surrounding Adrian Peterson's alleged abuse of his kids, Nike Inc. has pulled the Minnesota Vikings football player's merchandise from its Twin Cities stores, according to media reports.
Categories: FOX News

Photoshop Parent Adobe Misses on Quarterly Revenue

Tue, 09/16/2014 - 5:01pm
Photoshop maker Adobe Systems reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday.
Categories: FOX News

Alibaba Options Expected to be Listed on September 29: Exchanges

Tue, 09/16/2014 - 4:57pm
Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company.
Categories: FOX News

Crude Supplies Rise 3.3 Million Barrels, API Says

Tue, 09/16/2014 - 4:53pm
The American Petroleum Institute late Tuesday reported crude-oil inventories rose 3.3 million barrels in the week ended Sept. 12, according to reports.
Categories: FOX News

Gold Rises Before Fed as Weak Dollar, Oil Rally Help

Tue, 09/16/2014 - 4:51pm
Gold rose on Tuesday as a weaker dollar and rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve.
Categories: FOX News

Markets Jump on Positive Fed Sentiment

Tue, 09/16/2014 - 4:51pm
The U.S. markets saw gains across the board Tuesday as stocks turned positive on sentiment from a Wall Street Journal report saying that the Fed could continue its market-friendly interest rate policies. Fed Chairwoman Janet Yellen is scheduled to deliver her policy statement on Wednesday. On the economic side, August producer prices remained flat from July, allaying inflation concerns, while crude oil surged ahead of inventory numbers -- sending energy stocks climbing.  
Categories: FOX News

Poverty Rate Drops for First Time Since 2006, But Income Still Stagnant

Tue, 09/16/2014 - 4:49pm
The poverty rate in the United States has dropped for the first time since 2006, bringing a bit of encouraging news about the nation's economy as President Barack Obama and Congress gear up for midterm elections.
Categories: FOX News

Rackspace Shares Plunge As It Calls Off Acquisition Efforts

Tue, 09/16/2014 - 4:41pm
Rackspace Hosting Inc. shares plunged more than 16% in after-hours trading Tuesday as the cloud-computing company said it wouldn't sell itself.
Categories: FOX News