U.S. retail sales drop 1.5% in September after the government’s cash-for-clunkers subsidy ends, while sales excluding autos rise at a healthy pace, the Commerce Department reports.
Abbott Laboratories reports a 37% spike in third-quarter profit, its performance fueled by strong sales of its rheumatoid arthritis drug Humira and nutritional products.
NEW YORK (MarketWatch) -- Better-than-expected results from Intel Corp. stirred hopes of an economic recovery and buoyed the technology sector, lifting shares of the world's biggest semiconductor company and other major chipmakers in premarket trade Wednesday.
A consortium led by Italian energy giant Eni SpA has been awarded the license to develop one of Iraq’s largest oil fields, Zubair, with production expected to reach more than 1.1 million barrels of oil a day.
U.K. luxury retailer Burberry reported stronger-than-forecast fiscal second-quarter revenue on Wednesday, helped by demand for leather and handbags, but wholesale revenue proved a drag on the group.
A surprisingly strong profit and outlook from Intel and much stronger-than-forecast results from J.P. Morgan Chase sent U.S. stock futures rallying and put a 10,000 level on the Dow Jones Industrial Average within reach.