Investors Waiting on ECB, Jobs
Wall Street was waiting on Thursday for more information on the European Central Bank's plans to steer the eurozone economy out of its slump and fresh data on the U.S. labor market.
OfficeMax Operating Profit Increases
Helped by cost cuts and improvements in sales of services to corporations, the office supply chain reported a net income was $10.7 million.
ECB Keeps Interest Rates Unchanged
The European Central Bank held its main interest rate at a record low of 0.75% as it weighs inflation and further economic risks making more cuts to borrowing costs.
Brazil's Gerdau 2nd-Quarter Profit Up 9% at BRL549 Million
Steelmaker Gerdau SA (GGB, GGBR4.BR) posted a 9% increase in its second-quarter profit as steel price rises offset less sales volume in the period.
No Signs of Bubble in German Property Market - Institute
Germany's property market isn't heading for a bubble, rising house prices are reflecting the country's economic fundamentals as well as investors' desire for security during the euro crisis, said economists from the Institut der deutschen Wirtschaft in Cologne on Thursday.
GM Profit Falls 41%, Hurt By Losses in Europe
The No. 1 U.S. automaker reported its revenue fell to $37.6 billion from $39.4 billion from last year as a stronger U.S. dollar hurts results.
Duke Energy 2nd-Quarter Profit Rises 2.1%; Progress Energy Earnings Slump
Duke Energy Corp.'s (DUK) second-quarter earnings rose 2.1% amid modest revenue growth, while profit at the recently acquired Progress Energy Inc. fell 65% on expenses related to the recent merger and other impacts.
Challenger: Fewer Planned U.S. Job Cuts in July
Planned layoffs fell for the second straight month in July, but the good news may be short-lived, according to data from consulting firm Challenger, Gray & Christmas Inc.
Stock Futures Tick Up; ECB Conference Eyed
U.S. stock-index futures rose after the European Central Bank held interest rates unchanged and traders awaited a press conference by the central bank's president.
Teradata 2nd-Quarter Net up 8.7% on Revenue Growth; Co Raises Outlook
Teradata Corp.'s (TDC) second-quarter earnings rose 8.7% as the data-storage provider booked double-digit revenue growth on improved sales of its products and services.