Shares of Halliburton are climbing on Monday after the oilfield services company reports better-than-expected first-quarter results and forecasts a 25% jump in earnings in the current quarter. Halliburton reports net income of $622 million, or 73 cents a share for the quarter, beating analysts' forecasts of 71 cents. The results are a big swing from last year, when the company was hampered by a charge related to the 2010 Deepwater Horizon oil spill.
Halliburton reported net income of $622 million, or $0.73 a share for the quarter, beating analysts' forecasts of profit of $0.71 a share, according to Thomson Reuters.
Kraft Foods has issued a recall for 96,000 pounds of Oscar Mayer hot dogs for mistakenly containing cheese. According to the U.S. Department of Agriculture's Food Safety and Inspection Service, Kraft's 'Oscar Mayer Classic Wieners' may contain its 'Classic Cheese Dogs' instead due to a packaging error. Due to the mislabeling, ingredients like milk, which is an allergen, are not displayed on the packaging. There have been no reports of adverse reactions from people who have eaten the hot dogs.
According to the USDA's Food Safety and Inspection Service, Kraft's "Oscar Mayer Classic Wieners" may contain its "Classic Cheese Dogs" instead due to a packaging error.
The Labor Department gave good news on the job front -- announcing that the number of Americans filing new claims for unemployment benefits rose less than expected this week.
One of America's signature muscle cars is turning 50. To celebrate the Mustang's birthday, Ford is releasing a special version of the iconic car -- the 2015 Mustang 50 Year Limited Edition.
Stocks open slightly above the flat line on Thursday on a slew of mixed earnings reports from Morgan Stanley, Goldman Sachs, Google, and IBM.
A Japanese court rejected Mt. Gox's plans to rebuild and put its assets under a provisional administrator's control until bankruptcy proceedings begin.
Shares of Abbott Laboratories are climbing on Wednesday after the company reported first-quarter net income that fell 31%, but adjusted earnings still managed to beat expectations. Excluding items, Abbott earned $0.41 a share, topping analyst expectations of $0.36 a share, according to Thomson Reuters. Abbott's results were weighed down by a negative impact of foreign exchange rates as well as the shutdown of a drug manufacturing plant. The company reaffirmed its 2014 earnings forecast.
Shares of Abbott Laboratories are climbing on Wednesday after the company reported first-quarter net income that fell 31%, but adjusted earnings still managed to beat expectations.