Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.
Chinese consumer confidence fell in the third quarter, recording a drop for the first time in six quarters, amid growing inflation concerns.
The number of unemployed people in the UK fell by 9,000 to 2.45 million during three months to September, bringing the unemployment rate down by 0.1 percent to 7.7 percent, the Office for National Statistics (ONS) said on Wednesday.
British credit information group Experian Plc said its benchmark pretax profit grew 12 percent in the first half as it reported its best organic revenue growth in four years. The company lifted its first interim dividend by 29 percent to 9 cents.
Proposals to reduce the US budget deficit would result in millions of job losses and less deficit reduction, delaying economic recovery for years, according to a report published on Tuesday.
ICAP Plc, the world’s largest broker of transactions between banks, reported good revenue and earnings growth for the first half despite quieter markets, mainly driven by its strong electronic broking franchise.
The top after-market NASDAQ stock market losers are: RINO International, Renasant, Anadigics, China Natural Gas, Allos Therapeutics, Sina, Avanir Pharmaceuticals, Mattel, Ariad Pharmaceuticals, and Bob Evans Farms.
The top after-market NASDAQ stock market gainers were: Human Genome Sciences, Immunomedics, NII Holdings, IMAX, Central European Distribution, BSD Medical, JetBlue Airways, Penn National Gaming, SEI Investments, and Dendreon.
About 17.4 million households in the U.S. had difficulty providing enough food due to a lack of resources in 2009, roughly the same pace as in 2008, according to a report from The United States Department of Agriculture (USDA).
Stocks plunged on concerns that Ireland might need a bailout from the European Union/IMF and a slowdown in China may hurt its demand for commodities.
Former hedge fund manager Jim Cramer said he can't convince Americans that their government's choice to get this economy moving again is to debase its currency, so [they] need another currency, namely gold.
U.S. stocks are sliding on fears over inflation in Asia and the growing likelihood that Ireland’s battered economy may need a cash bailout from the European Union (EU).
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
The following is a compilation of major earnings results released before the market opened on November 16. The retailers took the center stage, with Home Depot and Wal-Mart reporting higher quarterly profits.
U.S. industrial output remained unchanged in October, following a drop for the first time in September since the recession ended in June 2009, the Federal Reserve data showed on Tuesday.
S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
The producer price index for finished goods rose for the fourth consecutive month in October, mainly pushed by gas price hikes, the U.S. Labor Department said in a report.
The top pre-market NASDAQ stock market gainers are: China TransInfo Technology, Yongye International, Fuwei Films Holdings, Cerus, Urban Outfitters, Cree, Asia Entertainment & Resources, Clean Energy Fuels, and NetApp.
The top pre-market NASDAQ stock market losers are: Perfect World, Netlist, China Natural Gas, Limelight Networks, A-Power Energy Generation Systems, China Sunergy, Magic Software Enterprises, Joy Global, Power-One, and Randgold Resources.
Retail giant Walmart reported 9 percent growth in its quarterly profit on strong sales at its international operations and raised its fiscal 2011 earnings outlook.
Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.
The stage is set for another wave of mergers and acquisitions in the U.S. technology sector as the big players, who are flush with cash and looking to expand their horizon, are acquiring aggressively in quest for new products and technology.
The Bank of Korea raised a key policy rate by 25 basis points as the central bank's focus shifted from unchecked inflows of foreign funds to rising inflation.
Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.
German economic sentiment unexpectedly rebounded in November following a continued decline in the past two months.
German sportswear giant Adidas announced on Monday to open more than 2,500 stores in smaller Chinese cities by 2015 aiming to tap the middle class market.
Standpoint Research has initiated coverage on Cisco Systems with a 'buy' rating and a price target of $24 and analyst Ronnie Moas said the market has overreacted to the company's weak outlook.
The top after-market NASDAQ stock market losers are: China Natural Gas, Rightnow Technologies, Netlist, Limelight Networks, Sinovac Biotech, Amedisys, Cray, RINO International, Ebix, and Arbinet.
The top after-market NASDAQ stock market gainers were: Yongye International, Gulf Resources, Urban Outfitters, CEVA, Internet Capital Group, Casual Male Retail Group, Motricity, BioScrip, Natural Alternatives International, and Power Integrations.
Prominent hedge funds loaded up on Apple (NASDAQ:AAPL) shares in third quarter 2010, according to SEC 13F filings.
