Alibaba beats Street with December earnings

Alibaba beats Street with December earnings

Mobile shopping continues to drive revenue at e-commerce giant Alibaba, beating Wall Street on earnings for the December quarter. Alibaba reported revenue of $5.33 billion with earnings of 99 cents… Read more »

Russian-OPEC production cut a long shot

Russian-OPEC production cut a long shot

The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak, who insisted that Russia… Read more »

American Airlines: Record profit for 2015

American Airlines: Record profit for 2015

American Airlines Group ended 2015 with a $3.3 billion profit in the fourth quarter, capping off a record-breaking year and echoing the financial results posted by several of its peers…. Read more »

Analysts: Global deal to cut oil production unlikely

Analysts: Global deal to cut oil production unlikely

Conflicting reports last week that renewed anticipation of global oil production cuts. then quickly squelched it, left in doubt the prospects of crude prices that have plunged 70% the past… Read more »

Xerox makes official its split into two companies

Xerox makes official its split into two companies

Xerox will separate into two companies, a $11 billion document technology company and a $7 billion business services company, the office equipment maker announced Friday. The transaction into two independent… Read more »

Mercedes-Benz auctions for record $9.9 million

Mercedes-Benz auctions for record $9.9 million

A rare German luxury car set a new record for the highest Arizona car-auction price, fetching $9.9 million Friday evening. The 1937 Mercedes-Benz 540K Special Roadster fell short of its… Read more »

Dow soars nearly 400, but all 3 major U.S. indexes end January lower

Dow soars nearly 400, but all 3 major U.S. indexes end January lower

The Dow rose nearly 400 points Friday to cap a turbulent month on an upbeat note after a surprise interest rate cut by the Bank of Japan and despite a… Read more »

Wall Street bids good riddance to dreary January

Wall Street bids good riddance to dreary January

Notwithstanding the Dow’s nearly 400-point rally Friday, Wall Street is more than happy to bid good riddance to a dismal January and spin the dice on things getting better in… Read more »

EMC affirms Dell deal terms, but market not convinced

EMC affirms Dell deal terms, but market not convinced

EMC CEO Joseph Tucci affirmed on a conference call Wednesday that the company’s pending sale to Dell will go ahead under the terms and time-frame announced in October. Those terms… Read more »

Alibaba beats Street with December earnings

Alibaba beats Street with December earnings

Mobile shopping continues to drive revenue at e-commerce giant Alibaba, beating Wall Street on earnings for the December quarter. Alibaba reported revenue of $5.33 billion with earnings of 99 cents… Read more »

Ford profit triggers record $9,300 UAW worker bonuses

Ford profit triggers record $9,300 UAW worker bonuses

Ford Motor (F) reported a strong fourth-quarter and full-year profit, enough to trigger record $9,300 profit-sharing checks for about 52,700 hourly workers. The automaker on Thursday reported net income of… Read more »

Early stock rally fades; oil jumps above $33 a barrel

Early stock rally fades; oil jumps above $33 a barrel

An early stock rally faded Thursday as concerns about future Fed rate hikes, China’s economy and volatile oil prices continue to weigh on investor sentiment. Stocks originally jumped at the… Read more »

Oil surges on possible OPEC production cuts

Oil surges on possible OPEC production cuts

Oil prices jumped several percentage points on Thursday amid swirling speculation that the Organization of the Petroleum Exporting Countries (OPEC) is set to slash production. Brent crude oil rose 5.1%… Read more »

Europe racks up billions in deals with Iran now that sanctions are lifted

Europe racks up billions in deals with Iran now that sanctions are lifted

Europe is racking up billions in deals with oil-rich Iran as its president, Hassan Rouhani, makes a goodwill tour less than two weeks after the lifting of international sanctions on… Read more »

Harley-Davidson shares surge on profit beat

Harley-Davidson shares surge on profit beat

Harley-Davidson (HOG) shares jumped almost 4% in pre-market trading Thursday after reporting fourth-quarter profit that beat Wall Street estimates. The motorcycle maker reported fourth-quarter net income of $42.2 million, or… Read more »

Fed hike in March? Nasdaq stumbles 2.2%, Dow off 223

Fed hike in March? Nasdaq stumbles 2.2%, Dow off 223

Stocks dove sharply into negative territory after the Federal Reserve signaled Wednesday that it has not ruled out another interest rate hike at its March meeting despite noting that it… Read more »

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