This week, big banks including Citigroup, Morgan Stanley and Goldman Sachs surprised with better-than-expected earnings and the Labor Department also gave good news on the job front.
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.
Stocks open higher on Wednesday despite a report from the Commerce Department that said builders began work on fewer houses in March than analysts had expected.
Johnson & Johnson posted earnings of $1.54 a share. Higher profits stemmed from strong sales growth in its prescription drugs segment, which soared 11% over the quarter.
The world's largest spirits maker Diageo has made a $1.9 billion play to take control of India's United Spirits, its second attempt to assume control of the company.
Google purchases drone company Titan Aerospace, the same company Facebook was recently said to be interested in acquiring. The move is part of Google's push to spread Internet access around the world, especially to underdeveloped regions. Although the two companies will still operate individually, Titan will team up with Google on its Maps service as well as Project Loon, which aims to spread Internet service by using giant, high-altitude balloons. Terms of the deal aren't disclosed.