The American Petroleum Institute late Tuesday reported that crude supplies rose by 3.1 million barrels for the week ended April 15, according to sources who reviewed the report.
Shares of VMware Inc. gained in Tuesday's extended session after the computer-server software company turned in better-than-expected earnings and announced a sizable stock buyback program.
Yahoo Inc's posted first-quarter revenue that beat analysts' estimates slightly, but the 11.3 percent decline shows the web pioneer's struggle to boost growth its core online search and display advertising business, which it is in the process of auctioning off.
Yahoo Inc. shares rose in the extended session Tuesday after the web portal topped Wall Street estimates for the first quarter.
Intel Corp. said late Tuesday it will lay off 12,000 employees, or about 11% of its workforce, saying in a statement the restructuring is aimed "to speed its transition to a company that powers the cloud."
Intel Corp said it would cut 12,000 jobs globally, or 11 percent of its workforce, as the company moves away from its traditional business of selling chips used in personal computers.
Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, people familiar with the matter said.
Oil-field services provider Seventy Seven Energy Inc. said Tuesday that it plans to file for Chapter 11 bankruptcy protection and that it has reached a restructuring agreement with many of its lenders, becoming the latest casualty of the energy-price downturn.
The S&P 500 and the Dow Jones industrial average were slightly higher on Tuesday as crude rose after an oil workers' strike in Kuwait hurt output.
Earnings season has kicked off, and industrial bellwether is set to join the party on Friday.
Facebook has a clear vision for its future, and it's not shy about sharing it with the public.
IBM reported Q1 2016 results on the evening of Monday, April 19.
At processor giant Intel 's developer forum back in 2014, a chip manufacturing technology guru with the company, Mark Bohr, spent quite a lot of time talking about Intel's 14-nanometer chip manufacturing technology.
China Investment Corp, China's state-owned sovereign wealth fund, is backing a group of investors who have expressed interest in buying a majority stake in Yum Brands' China unit.
Japanese stocks soared on Tuesday after a weaker yen and a bounce in oil prices helped the market reverse the previous day's steep decline.
Nordstrom, which faces headwinds as it competes online with retailers such as Amazon.com, said Monday that it would cut 350 to 400 jobs in an effort to "ensure it is best positioned to respond to the current business environment."
Both PepsiCo and Dr Pepper Snapple Group attract their share of dividend devotees.
Image source : Dunkin' Donuts' Instagram page.
Billions of dollars of value was erased from Netflix 's market capitalization on Monday.
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