Oil Futures End Sharply Higher After Iran Comments
Oil futures ended sharply higher Wednesday, rallying despite a mixed message from Iran's oil minister over a proposed production freeze by major producers.
Oil futures ended sharply higher Wednesday, rallying despite a mixed message from Iran's oil minister over a proposed production freeze by major producers.
Standard & Poor's Ratings Services on Wednesday said it cut Saudi Arabia's long-term sovereign credit rating to A-minus from A-plus to reflect the "marked and lasting" impact of the rout in oil prices.
Boeing's top executive reaffirmed on Wednesday the company's outlook for strong growth and cash flow over the next five years.
Iran's oil minister on Wednesday said the country will support action aimed at allowing oil prices to recover, but also said other producers understand the Tehran's situation, the ministry's official Shana news agency reported, according to news reports.
CSX on Wednesday said earnings in the current quarter will fall significantly as the railroad expects volume to decline in the mid-high single digits.
Seven years after President Obama signed the second TARP stimulus into law, the man who led the first TARP program and newly appointed Minnesota Federal Reserve President Neel Kashkari says the U.S. is still at risk for another financial crisis.
Oil prices are surging again after positive signs that an international deal to freeze production may get support from Iran and Iraq.
It would be "illogical" for Iran to freeze oil production just as sanctions against the country's crude exports are lifted, the country's envoy to the Organization of the Petroleum Exporting Countries said Wednesday, according to news reports.
Shares of Priceline were up 10% in pre-market trade Wednesday after the company beat fourth-quarter earnings expectations.
Gannett Co. missed fourth-quarter earnings expectations Wednesday.
Dr. Pepper Snapple Group Inc. said it had net income of $185 million, or 97 cents per share, up from $150 million, or 77 cents per share, for the same period last year.
A German shorthaired pointer named CJ won "Best in Show" at the 140th Westminster Kennel Club dog show in New York on Tuesday, besting more than 2,700 contestants over the two-day competition.
U.S. crude was above $29 per barrel as efforts led by Russia and Saudi Arabia to broker a deal to freeze production levels and ease a global glut turned to Iran, which signaled a tough line.
China stocks rose again on Wednesday to a fresh three-week high, as demand for infrastructure shares helped the market maintain a rebound fueled by economic stimulus hopes, although some analysts warned the relief rally could soon peter out.
Apple Chief Executive Tim Cook said the company will oppose a federal judge's order to help the Justice Department unlock a phone used by a suspect in the San Bernardino, Calif., attack.
A U.S. judge on Tuesday ordered Apple to help the FBI break into a phone recovered from one of the San Bernardino shooters.
Featuring @BrianOverby & @MNKahnQuick Takes Pro Market Technician Michael Kahn Analyzes the S&P 500:SPX was trading at 1,882.
Shares of Rackspace Hosting Inc. sank in Monday's extended session after the cloud-computing company posted lower quarterly earnings.
Fossil Group Inc. shares rose 15% in after-hours trading after the company said fourth-quarter earnings beat estimates despite the negative impact of the strong U.S. dollar.
Cerner Corp. shares fell in the extended session Tuesday after the high end of the health-care information technology company's forecast earnings range matched Wall Street estimates.
Greenlight Capital, the hedge fund of billionaire investor David Einhorn, saw the value of its equity holdings decline to $5.47 billion from $6.03 billion over the final three months of the year, according to the latest regulatory filings.
Potbelly Corp. shares rallied 7% Tuesday after the company reported fiscal fourth-quarter earnings that beat Wall Street expectations.
U.S. stocks closed higher Tuesday despite a decline in oil prices.
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