Archives

Crude Oil Ends Sharply Lower On Strong Supplies

U.S. crude oil ended sharply lower on Friday, on demand growth concerns after news of strong supply from the Middle East, with markets discounting reports that Saudi Arabia has cut its crude output.
News that Saudi Arabia shipped lesser crude last mon…

Gold Ends Higher On Eurozone Concerns; Sheds 0.6% For Week

Gold futures snapped a two-day loss to end higher Friday, on lingering concerns over the health of the eurozone economy, notwithstanding an unexpected improvement in German consumer sentiment in November. However, for the week, gold prices dropped abo…

Obama Discusses New Ebola Diagnosis With New York Officials

Following news that a patient at a New York City hospital has tested positive for Ebola, President Barack Obama called both Mayor Bill de Blasio and Governor Andrew Cuomo on Thursday.
The White House said Obama offered any federal support necessary to…

Heartland Express Q3 Profit Rises, But Misses Street

Heartland Express Inc. (HTLD: Quote) on Friday reported a 43 percent increase in profit for the third quarter, driven largely by a surge in revenues. However, shares of the company are currently down five percent after its earnings and revenues fell s…

Chiquita Shareholders Vote Against Merger With Fyffes

Banana producer Chiquita Brands International Inc (CQB: Quote), Friday said it has terminated the merger deal with Dublin, Ireland-based Fyffes Plc (FFY.L, FYFFF), after its shareholders voted to reject the deal.
Meanwhile, Chiquita Brands said it wou…

Lear Q3 Profit Rises – Update

Auto parts maker Lear Corp. (LEA: Quote), Friday reported an increase in profit for the third quarter, driven largely by revenue growth especially at seating segments, with earnings beating Wall Street estimates. The company lifted its adjusted profit…

Avery Dennison Q3 Profit Rises – Update

Label and packaging materials maker Avery Dennison Corp. (AVY: Quote), Friday reported an increase in profit for the third quarter, driven largely by higher sales at pressure-sensitive materials segment. Earnings for the quarter came in ahead of analy…