For Microsoft Corp., it was likely a relief to end its fiscal year on a more positive note. After startling investors in the fiscal third quarter when it disclosed plans to seriously boost spending, the company on Thursday topped Wall Street estimates for its fiscal fourth quarter and announced plans to repurchase at least $20 billion worth of shares. Complete Story
Ford Motor Co. dashed Wall Street's hopes for a profitable second quarter Thursday, blaming its dependence on high-margin SUVs for a $123 million loss as consumers shifted toward gas-sipping cars.
Wall Street retreated Thursday as mixed earnings news and rising oil prices prompted investors to take profits from a sharp rally in the prior session. A disappointing forecast from Intel Corp. dragged on the Nasdaq composite index.
Wall Street retreated Thursday as mixed earnings news and rising oil prices prompted investors to take profits from a sharp rally in the prior session. A disappointing forecast from Intel Corp. dragged on the Nasdaq composite index.
Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Bob Greifeld, chief executive of the Nasdaq Stock Market Inc., says this is a transition year for the company as it integrates the Inet electronic trading platform and ponders a fresh takeover bid for the London Stock Exchange — but its earnings show it has been a profitable time as well.
Stocks are mixed in early trading after the last session's rate-hope inspired rally, with some strong results from Apple Computer, Motorola and Nokia providing some cheer.
Federal Reserve Chairman Ben Bernanke signaled on Wednesday that a two-year campaign of raising interest rates may finally be coming to an end, triggering a huge rally on Wall Street.
Apple Computer Inc.'s shares surged after the company reported the recent update of its notebook line and the continued popularity of its iPod music players helped fuel a nearly 48 percent increase in profit and countered Wall Street fears that the company might be losing its shine.
Two of the nation's largest banks — Bank of America Corp. and JPMorgan Chase & Co. — reported second-quarter earnings above Wall Street expectations, with strength in investment banking and asset management offsetting interest rate pressures on their retail banking operations.
Bank of America Corp., the second-largest U.S. bank, on Wednesday reported its acquisition of credit-card company MBNA Corp. helped lift second-quarter profit above Wall Street projections.
Technology shares were due for a dip Wednesday on concerns over Yahoo's future growth and ahead of Intel's quarterly results, though broader stock market futures were steady ahead of Federal Reserve Chairman Ben Bernanke's testimony to Congress.
Bank of America Corp., the second-largest U.S. bank, said Wednesday its acquisition of credit-card company MBNA Corp. helped lift second-quarter profit above Wall Street projections.
A late-day rally gave stocks a moderate advance Tuesday as a second day of sharply lower oil prices calmed investors uncertain about the direction of interest rates.
Wall Street's brokerages weathered the stock market's second-quarter volatility exceptionally well, as illustrated by strong profits from Merrill Lynch, TD Ameritrade and Charles Schwab. But with greater uncertainty ahead, investors are concerned about the companies' ability to sustain their growth.
A modest rise in sales and growth in most markets propelled The Coca-Cola Co. to a 7 percent jump in second-quarter profit, though it said Tuesday it's disappointed about its performance in Japan. The overall results beat Wall Street expectations and its shares rose.
Quarterly profits at Wall Street brokerage Merrill Lynch & Co. climbed 42 percent as the company managed a strong performance in its stock trading despite a downturn in the markets.
Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Wall Street's perception that Ford Motor Co. doesn't have new products in the pipeline and is too slow to restructure is incorrect, said Mark Fields, Ford's executive vice president and president of the Americas.
Citigroup Inc., the nation's largest financial institution, reported that its earnings rose 4 percent in the second quarter on strong corporate and investment banking revenue, but the overall results fell short of Wall Street projections as the difficult interest rate environment held down consumer banking profit.
Wall Street limped to a mixed finish Monday as uncertainty over the situation in the Middle East and a disappointing earnings report from Citigroup gave traders little impetus to buy after last week's selloff.
Quarterly profits at Wall Street brokerage Merrill Lynch & Co. climbed 42 percent as the company managed a strong performance in its proprietary stock trading despite a second-quarter downturn in the markets, the company said Tuesday.
Although a whirlwind of bad news and deepening uncertainty sent stocks tumbling last week, Wall Street could see a return to reason in the week ahead with a fresh round of economic and earnings data that could help investors regain their footing.
Surging oil prices pulled stocks sharply lower for a third straight session Friday, with bland earnings at General Electric Co. and weak consumer data further dampening the economic outlook. The Dow Jones industrial average shed 396 points in the past three days.
Newspaper publishers reported a mixed bag of results Thursday, as McClatchy Co. surprised Wall Street with better-than-expected figures while Tribune Co.'s earnings fell on lower circulation revenues and the sale of some television stations.