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Financial News Stories

Intel gives upbeat outlook for 2015 revenue, stock gains

By Noel Randewich SAN FRANCISCO (Reuters) – Intel, helped by a stabilizing personal computer market, gave a revenue outlook for 2015 that was above Wall Street’s expectations and also raised its dividend, sending its shares higher. In a press release … Continue reading

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Wall St inches up after upbeat U.S. data, Intel forecast

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks up slightly in late afternoon trading on Thursday as data showed further strength in the U.S. economy and Intel gave an upbeat forecast. Tech shares helped to lead the day’s gains … Continue reading

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Dow, S&P 500 edge back up to record highs

U.S. stocks are back at record levels as investors were encouraged by good news on housing, the job market and corporate earnings. Best Buy jumped 7 percent Thursday after its quarterly results came in far ahead of what analysts were … Continue reading

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Gap names heads of namesake brand, Banana Republic

NEW YORK (AP) — Gap Inc. issued a full-year profit outlook Thursday that was below Wall Street expectations and announced new management changes at its Gap and Banana Republic brands. As part of the executive overhaul, Jeff Kirwan, 48, will … Continue reading

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NSA chief warns Chinese cyber attacks could shut U.S. infrastructure

By Patricia Zengerle WASHINGTON (Reuters) – China and “probably one or two” other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of … Continue reading

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Bill Ackman broke cardinal rules of short-selling with Herbalife: Kass

It’s not easy being green, as a famous frog once sang. It’s also not easy being a short seller, especially in market that keeps hitting new records. But someone’s got to do it and few have done it as well … Continue reading

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Uber: Growing pains or lack of grown-ups?

Uber is big enough to sit at the grown-ups table, but until it learns some manners, nobody’s going to want to pass the potatoes. So far this week: A suggested plot to dig up dirt on journalists critical of the … Continue reading

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Will a U.S. consumer comeback give the ‘relentless rally’ fresh fuel?

Light a couple of candles and sing for the “relentless rally,” the tireless gain-without-much-pain phase of this bull market, which has added $8 trillion worth of U.S. stock-market value since it began two years ago. Sure, this bull market dates … Continue reading

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Target rebounds in third quarter on solid sales

NEW YORK (AP) — Target reported a 3.2 percent rise in its third-quarter profit, beating Wall Street expectations as shoppers spent more on beauty products and back-to-school fashions. The results, which included its first increase in a key revenue measure … Continue reading

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Real earnings sink to decade-low but some see pay pick up

LONDON (Reuters) – Workers’ real earnings fell to levels not seen in more than a decade in the 12 months to April but there were also signs of above-inflation wage growth for many employees, a broad survey of incomes showed. … Continue reading

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Financial News

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