Traders are watching small caps and the biotech sector Thursday to see whether they continue to melt down, as the harbinger of a deeper selloff in the broader market.» Read More
IRVING, Texas _ Commercial Metals Co. on Thursday reported fiscal second-quarter earnings of $54.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Commercial Metals shares have dropped 7 percent since the beginning of the year.
WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday that imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long...
WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long Products...
U.S. stock index futures pointed to a lower open on the last trading day of the week, following weak U.S. data and hawkish Fed comments.
The stock market's record-breaking rise could get derailed by oil.
U.S. futures fell even as concerns about the crisis in Ukraine and a tightening global oil market kept prices near 2-1/2-week highs.
U.S. crude oil prices jumped by more than 1 percent after a government report showed a sharp drop in inventories in the United States.
With the Fed's policy-setting meeting in the rear-view mirror, the coming week should have Wall Street switching its focus to U.S. and global data.
U.S. stock index futures signaled a higher open on Tuesday, with investors awaiting the publication of trade data.
U.S. stock index futures held their gains Thursday following the weekly jobless claims report after markets in Shanghai and Tokyo snapped a three day-losing streak on signs of improvement in China's strained money markets.
JPMorgan shareholders should vote against the re-election of three board members, an influential proxy advisory firm said.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
Payment processor Total System Services said it will buy prepaid debit card provider NetSpend Holdings for about $1.4 billion in cash.
U.S. stock index futures pointed to a lower open Monday, after the S&P 500 finished at a five-year high in the previous session.
Stocks kicked off the new year with a bang! But the party may be over once earnings season kicks into full gear.
Some of the names on the move ahead of the open.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
IRVING, Texas-- Commercial Metals returned to a profit in its fiscal fourth quarter, helped by lower costs. Revenue fell 16 percent to $1.88 billion from $2.24 billion, which missed Wall Street's estimate of $2.02 billion. For the full year, Commercial Metals Co. earned $207.5 million, or $1.78 per share.
Oct 12- JP Morgan Chase. reported record net income of $5.7 billion on the back of strong business performance across the company's major business lines. Adjusting for these items, Fitch Ratings estimates JPM had pretax income of $7.7 billion vs. reported pretax income of $7.9 billion.
Oct 12- Standard& Poor's Ratings Services today said that its ratings on JPMorgan Chase& Co. are not affected by the company's third-quarter results, which were above our expectations, given current operating conditions. Standard& Poor's adjusted pretax earnings were roughly $7.3 billion, up from roughly $3.9 billion in the prior-year period.