Stocks futures up after Wal-Mart results; jobs data on tap
U.S. stock index futures rose more than 1 percent on Thursday after Wal-Mart Stores Inc reported second-quarter results that topped Wall Street's expectations, boosting investors' confidence in consumer spending ahead of a government report on July retail sales.
Walmart earnings better than expected
Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.
Oil rises on positive economic news
Oil rose back above $71 a barrel on Thursday after positive economic news from the United States and Europe's two largest economies, despite data showing U.S. crude inventories rose much more than expected last week.
Walmart profit roughly flat
Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.
Court slaps ban on some Microsoft Word sales
A U.S. federal court has ordered Microsoft Corp to stop selling some versions of its widely used Word software in the United States in two months, ruling in favor of a small Canadian firm that accused the software giant of violating its patents.
Walmart quarterly profit roughly flat
Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.
Wal-Mart quarterly profit roughly flat
Wal-Mart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.
Germany and France exit recession
Germany and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists expected, but failed to drag the euro zone with them.
Germany, France exit recession early
Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
UBS shares climb further on U.S. tax case deal
Shares in UBS on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again.
Germany and France exit recessions
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Germany, France post surprise return to growth
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
AB InBev Q2 beats forecast; sees weak H2
Anheuser-Busch InBev , the world's largest brewer, said cost cutting had helped it beat analyst forecasts for second-quarter profit, although the second half of the year would be significantly weaker.
Oil near $71 as recovery optimism trumps demand fears
Oil rose toward $71 a barrel on Thursday as a surprising return to economic growth in France and Germany fed optimism the world was through the worst of the recession, offsetting bearish U.S. inventory data.
Delta, Atlanta deal to lead to big bond: report
U.S. carrier Delta Air Lines Inc and the Atlanta airport are close to a lease agreement that would pave the way for an $800 million bond sale, the biggest such offering in the U.S. this year, Bloomberg reported, citing people familiar with the talks.
Stocks, commodities rally on brighter Fed view
Asian stocks and commodities rose on Thursday after the Federal Reserve said it spotted stability in the U.S. economy, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
AB InBev sees tough Q3, profit beats forecasts
Anheuser-Busch InBev on Thursday reported second-quarter profit above analyst forecasts, but said the second half of the year would be significantly weaker.
Asia stocks, Australia dollar rise after Fed
Asian stocks and commodities rose on Thursday after the Federal Reserve said the ailing U.S. economy was showing signs of leveling out, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
AB InBev sees tough Q3, Q2 profit beats forecasts
Anheuser-Busch InBev on Thursday reported second-quarter profit above analyst forecasts, but said the second half of the year would be significantly weaker.
Asia web connections set to resume by end of Thursday
Up to 90 percent of all voice call and Internet services from parts of East Asia that were disrupted after Typhoon Morakot damaged undersea cables will resume by the end of Thursday, a senior Chunghwa Telecom official said.
Citi hires external help for management review: report
Citigroup Inc has been forced by U.S. regulators to hire external consultants who will consider whether the New York company's current management is capable of leading it out of financial crisis, the Financial Times reported on its website.
Sales to be in focus when Wal-Mart reports results
When Wal-Mart Stores Inc reports second-quarter results on Thursday, it will provide a much-awaited glimpse into the state of consumer spending as measured by the billions of dollars that flow through its cash registers every quarter.
Oil near $71/bbl as recovery optimism offsets demand fears
Oil rose toward $71 a barrel on Thursday as renewed optimism that the U.S. economy was through the worst of the recession offset bearish inventory data showing continued weak demand in the world's largest oil consumer.
Obama honors 16 with Medal of Freedom award
President Barack Obama on Wednesday awarded the nation's highest civilian honor to 16 recipients during a ceremony in the White House.
Panel probing U.S. financial crisis to meet September 17
The newly formed U.S. commission to investigate the causes of last year's financial meltdown will have its first public meeting in Washington on September 17, the chairman, Phil Angelides, said on Wednesday.
Forex Daily Commentary - 13/08/2009
Australian Dollar: Local investors were slightly disappointed by yesterdays Westpac Consumer sentiment index release sending the Aussie dollar down from early morning levels around 83 cents.
Option exchanges in SEC flash order review
The U.S. Securities and Exchange Commission is including options exchanges in its review of controversial flash orders, which give traders an advance look at trading orders, the regulator said on Wednesday.
Paulson stocks up on banks, drugs and gold
Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.
Fed says economy levelling out
The Federal Reserve said on Wednesday the U.S. economy was showing signs of levelling out two years after the onset of the deepest financial crisis in decades and it moved to phase out one emergency measure.
Citi trader exempt from czar's oversight: source
Citigroup Inc's contract with an energy trader who may be owed up to $100 million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.
