Stocks rose on Thursday as a climb in bank shares helped offset disappointing economic data and outlooks from economic bellwethers, including UPS.
The New York Times Co will remain publicly traded, build its online business and cut costs despite brutal conditions that threaten the survival of newspapers, Chairman Arthur Sulzberger Jr said at the publisher's annual meeting on Thursday.
Stocks were little changed on Thursday as disappointing economic data and outlooks from bellwethers like UPS were offset by a rise in regional banks.
U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
United Parcel Service reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn caused fewer packages to be shipped, sending its shares down more than 7 percent.
Struggling U.S. carmaker General Motors Corp is moving nearer to a deal to offload its Opel unit, having found a prospective buyer in Italy's Fiat SpA , an Opel supervisory board member said on Thursday.
Wall Street was set for a higher open on Thursday after positive results from companies like Apple Inc and Hershey Co suggested some businesses weathered the deep recession in the first quarter.
Stock index futures pointed to a higher open on Thursday after earnings from companies like Apple Inc and Hershey Co suggested some businesses weathered the recession in the first quarter.
U.S. economic bellwether United Parcel Service Inc reported lower-than-expected quarterly earnings on Thursday, saying the global downturn had taken a bite out of revenue and profitability as fewer businesses and consumers sent packages.
Stock index futures pointed to a higher open on Thursday with Apple Inc set to boost technology shares after it reported strong sales even as consumers tightened their belts.
Fiat will sign on Tuesday a letter of intent to buy a majority stake in General Motors' struggling Opel unit, the website of German magazine Spiegel said on Thursday, citing sources.
Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen.
Stocks staged a comeback across most of Asia on Thursday as a larger-than-expected profit from Korea's Hyundai fed optimism that the auto sector could be nearing a turnaround and tech shares found strength on the back of buoyant earnings from Apple .
If any of the big three U.S. automakers is forced to sell assets in a liquidation, their brands and patents may attract the most interest, while the manufacturing assets could be a tough sell.
Stock index futures pointed to a higher open for Wall Street on Thursday, after iPhones maker Apple beat forecasts with its quarterly profit overnight.
U.S. online auctioneer eBay Inc won final approval from South Korea's antitrust watchdog for its planned acquisition of Gmarket Inc, subject to conditions such as a commission freeze for the next three years.
Japanese shares fell on Thursday as worries about the health of the global financial sector flared again after a larger-than-expected loss from Morgan Stanley and a report that top Japanese broker Nomura had also fallen deeply into the red.
Political allies of the U.S. auto industry expressed serious concern on Wednesday to senior White House officials about possible carmaker bankruptcies with Chrysler LLC facing an April 30 deadline to cement an alliance to avert probable insolvency.
EBay Inc beat Wall Street expectations on earnings and revenue on Wednesday thanks to cost cuts and solid growth at its Skype telephone and PayPal payments divisions, sending its stock higher.
Japan's Canon Inc is expected to report an operating profit for the January-March quarter on brisk sales of single-lens reflex cameras and a weak yen, the Nikkei business daily reported without citing sources.
The Feds raid the Pennsylvania offices of a unit of Germany's Siemens AG on Wednesday as part of an investigation of a Siemens contract with the U.S. military, a company spokesman said.
EBay Inc on Wednesday reported lower quarterly net profit, sales and margins, but results beat Wall Street expectations and shares of the online auctioneer rose nearly 6 percent.
The Dow and S&P fell on Wednesday after Morgan Stanley revived concerns about the banking sector and the wider economy after it posted its second straight quarterly loss and slashed its dividend.
The Dow and S&P fell on Wednesday after Morgan Stanley revived concerns about the banking sector and the wider economy after it posted its second straight quarterly loss and slashed its dividend.
Stocks rose on Wednesday as several corporate executives gave positive outlooks that eased concerns about the global recession, while better-than-expected results from AT&T Inc lifted technology shares.
General Motors Corp is unlikely to make a $1 billion debt payment due June 1 because it expects to be in the process of restructuring its debt through a voluntary exchange or bankruptcy court by that point, a spokeswoman for the automaker said on Wednesday.
The S&P 500 and the Nasdaq rose on Wednesday as several corporate executives gave positive outlooks that eased concerns about the global recession, while a better-than-expected profit from AT&T lifted technology shares.
Stocks rose on Wednesday as a broker upgrade of Caterpillar lifted big manufacturers, while biotechnology shares got a boost from better-than-expected results from Gilead Sciences.
U.S. stocks rose on Wednesday as a broker upgrade of Caterpillar lifted big manufacturers, while biotechnology shares got a lift from better-than-expected results from Gilead Sciences.
