IBM Revenue Falls for 15th Straight Quarter
International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results.
International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results.
Netflix saw extraordinary subscriber growth. The stock spiked 10% in after hours trading
The Securities and Exchange Commission settled charges Tuesday with Equinox Fund Management LLC, a Denver-based alternative assets fund that allegedly overcharged management fees and misled investors about how it valued managed futures assets in its Frontier Fund.
The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015.
Bank of America Corp.'s stock turned down 2.4% in active midday trade, and was on course for the lowest close in over two years, as the banking giant's disappointing fourth-quarter revenue offset a profit beat.
The Congressional Budget Office raised its estimate of the budget deficit for fiscal 2016 to $544 billion from $414 billion.
The U.S. Treasury Department said Tuesday that it is seeking public comment on the evolving structure of the U.S Treasury market, which it says is the most comprehensive review since 1998.
Univision Communications Inc. has acquired a stake in Onion Inc., the owner of the satirical U.S. news site "The Onion," a spokesperson said Tuesday, confirming a report on NPR.
The Supreme Court said Tuesday it is going to review an insider-trading case.
The Supreme Court will rule on President Barack Obama's authority to shield millions of undocumented immigrants from deportation.
Markets do not follow a calendar, nor should they be followed by one. A well-diversified investment portfolio should not be touched - only rebalanced due to market movement.
Rouse Properties Inc.'s stock soared 26% in premarket trade Tuesday, after the real estate investment trust said it received an unsolicited buyout bid from Brookfield Asset Management for $17 a share.
Shares of Incyte Corp. surged 4% in premarket trade Tuesday, after Eli Lilly & Co. said it will make a $35 million milestone payment to the biopharmaceutical company following the companies' submission of a new drug application for a rheumatoid arthritis treatment.
American International Group Inc. said Tuesday it is raising its global commercial property limits to $2.5 billion per occurrence from $1.5 billion in a move prompted by growing demand for capacity.
Wal-Mart-Stores Inc. said on Tuesday that it will accept Visa Inc. credit cards at Sam's Club locations starting Feb. 1. Sam's Club has more than 650 stores in the U.S. and Puerto Rico.
Global Water Resources Inc., a Phoenix, Ariz.-based water management company, filed to go public Tuesday morning.
Fitbit Inc.'s stock target was lowered to $30 from $48 at SunTrust Robinson Humphrey on Tuesday, though analyst Robert Peck reiterated a buy rating on the stock, saying the company's long-term fundamentals remain strong.
Starbucks Corp. said it will give its mobile app customers access to the Spotify music streaming service starting Tuesday.
Procter & Gamble Co.'s stock climbed 1.8% in premarket trade Tuesday, after the consumer products giant was upgraded at Stifel Nicolaus, which cited expectations of accelerating sales and attractive valuation and dividend yield.
Delta Air Lines reported fourth-quarter profit slightly below analysts' expectations and forecast that passenger unit revenue will continue to decline in early 2016.
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