The Bank of New York Mellon Corporation (NYSE: BK) reported a third quarter net income of $651 million, or $0.53 per common share Wednesday morning, an increase of 4.7 perecent when compared with $622 million, or $0.51 per common share, in the third quarter of 2010. The results were a penny over mean analyst predictions of $0.52 per share.
BlackRock Inc's third-quarter profit increased 8 percent as investors sought out the firm's exchange-traded funds despite tough market conditions.
Stocks surged late in trading on Tuesday as buyers latched onto another report of agreements to strengthen the euro zone's rescue fund to bid up stocks aggressively.
U.S. stocks have climbed to positive territory on Tuesday in a volatile session.
U.S. stock indices turned positive on Tuesday on the back of strong performance from financials. Macroeconomic news was mixed.
The top after-market NYSE gainers on Monday were: BlackRock International, AMR Corp, SuccessFactors, Community Health Systems and A.H. Belo Corp. The top after-market NYSE losers were: STR Holdings, STR Holdings, AGL Resources, Vaalco Energy and GNC Holdings.
The top after-market NYSE gainers on Friday are: Enzo Biochem, Louisiana-Pacific, Halliburton, Superior Energy Services and Cambrex Corp. The top after-market NYSE losers are: Gannett Co, Genco Shipping & Trading, Renesola, Sprint Nextel and Jaguar Mining Inc.
The owner of Zuccotti Park postponed a plan to evict the Occupy Wall Street protesters from the park in order to clean it, averting a looming clash between authorities and hundreds of protesters thronging the park.
Faced with eviction from their base camp of Zuccotti Park for a city-mandated cleaning, the Occupy Wall Street protesters moved on Thursday afternoon to undertake their own cleanup by purchasing supplies out of a $150,000 general fund.
U.S. stocks took a breather on Tuesday after the best five days for the S&P 500 in more than two years as investors look to earnings for a reason to extend the market's rebound.
After nearly falling into bear-market territory, U.S. stocks on Friday finished the week higher, building gains on encouraging jobs data and hopes that Europe is dealing with its debt crisis.
The top after-market NYSE gainers on Tuesday are: Lithia Motors, Ennis, Freeport-McMoran Copper, Dycom Industries and Concho Resources. The top after-market NYSE losers are: Accuride Corp, Lexington Realty Trust, Strategic Hotels, Precision Drilling and HHGregg.
The top after-market NASDAQ Stock Market gainers are: Stamps.com, Westmoreland Coal, GT Advanced Technologies, Interface and Bon-Ton Stores. The top after-market NASDAQ Stock Market losers are: Acme Packet, Westwood One, NN, Cytori Therapeutics and Spreadtrum Communications.
By accumulating enough shares, stockholders would have the ammunition to force changes to the company's board.
A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc. and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.
The top after-market NYSE gainers on Wednesday are: Janus Capital Group, Complete Production Services, Federated Investors, Dice Holdings and Imperial Holdings. The top after-market NYSE losers are: Advanced Micro Devices, Great Plains Energy, Seadrill, Chesapeake Energy and Continental Resources.
The top after-market NASDAQ Stock Market gainers are: Zhongpin, Dynamic Materials, ImmunoGen, NASDAQ OMX and Silicon Motion Technology. The top after-market NASDAQ Stock Market losers are: Hanwha SolarOne Co, CNinsure, First Solar, Steven Madden and Central European Media Enterprises.
The top after-market NYSE gainers on Tuesday are: OMNOVA Solutions, Jabil Circuit, Hewlett-Packard, Synnex Corp and Talisman Energy. The top after-market NYSE losers are: Walgreen, Commercial Metals, Ship Finance International, Ship Finance International and Standard Pacific Corp.
Wall Street honchos laugh at the Occupy Wall Street protestors from their spots along the balcony of Cipriani Club Residences.
Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
The top after-market NYSE gainers on Monday are: iSoftStone Holdings, Flotek Industries, Ivanhoe Mines, Chicago Bridge & Iron and Freeport-McMoran Copper & Gold. The top after-market NYSE losers are: CoreSite Realty, Accuride, Carbo Ceramics, RPC and Oil States International.
Jay-Z will be the first musical performer to play at a new basketball arena under construction in Brooklyn, the Brooklyn-born rap star said on Monday.