Fannie, Freddie Rake in $39.2B of Profits; Plan Hefty Refunds to U.S.
Boosted by rising home prices, government-run Fannie Mae and Freddie Mac posted combined third-quarter profits of nearly $40 billion.
Citigroup 2Q Results Beat the Street
The bank reported a 96% drop in quarterly earnings after taking a $3.8 billion charge related to a settlement with the DoJ. Citigroup will Pay $7 Billion to Resolve Mortgage Probe
Avon Reaches Preliminary Bribery Probe Deal; Revenue Falls
Avon Products will pay the U.S. government $135 million to settle a multiyear probe into its efforts to develop new markets overseas, according to a preliminary understanding the beauty products company disclosed on Thursday.
Eli Lilly Projects In-Line '14 Profit Slump
Eli Lilly forecast a decline in earnings, in line with views, hurt by cheaper generic forms of its Zyprexa and Cymbalta drugs.
Avon Dives 20% on Bribery Settlement Warning, 3Q Earnings Miss
Avon warned that negotiations with the government over a bribery probe could lead to a massive settlement that would materially impact the business.
AstraZeneca Appoints New CFO as Profit Falls
AstraZeneca appointed former GlaxoSmithKline executive Marc Dunoyer as chief financial officer on Thursday and revealed an 18% decline in third-quarter profit.
Smith & Wesson Reveals Surging 4Q Profits Amid 'Robust Consumer Demand'
The gun manufacturer more than doubled its quarterly profits amid robust consumer demand.
Sports Authority Sends Ripple Effect Through Industry
Sporting-goods retailers and equipment makers are feeling a ripple effect from Sports Authority’s bankruptcy.
Dick's Considers Buying Sports Authority Stores
Dick’s Sporting Goods has interest in acquiring Sports Authority stores after the competing retailer went bankrupt.
Shake Shack Shares Drop on Missed Guidance
Shake Shack's shares fell as much as 11 percent in early trading on Tuesday, a day after the hamburger chain reported the slowest sales growth at established restaurants in a year.
Election Year Fuels High-Flying Gun Stocks
Gun stocks are soaring once again, and the fight for the White House is expected to help fuel sales in 2016.
Yelp Cuts Revenue Guidance
Yelp Inc. lowered its revenue guidance for the year, citing slower sales growth and the elimination of its brand advertising product.
Yahoo Posts a Loss, but Revenue Rises
Yahoo booked adjusted earnings per share of 16 cents, missing expectations for 18 cents. Revenue of $1.04 billion, however, came in above expectations for $1.03 billion.
Ad Revenue Growth Helps Google's Second-Quarter Profit Trump Estimates
Google Inc's posted a better-than-expected quarterly profit for the first time in the last six quarters, helped by strong growth in advertising revenue.
Apple the No.1 Dividend Payer But Not For Long
Exxon Mobil may unseat Apple as the top dividend payer on Thursday or before.
H-P 3Q Profits Meet Street View, Sales Narrowly Beat
The computer giant posted adjusted profits of 89 cents a share as sales for the quarter climbed to $27.6 billion, slightly surpassed views.
Will LinkedIn Earnings Rain on Facebook, Twitter Parade?
LinkedIn will be reporting its second-quarter earnings after the bell today. But can it hold its own against major beats from Facebook and Twitter?
Know Before the Bell: Google's Healthy Body, Samsung's Giant TV
Facebook's stock gets a boost after earnings, and Samsung unveils a 105-inch television.
Yahoo 2Q Profits Beat Street View, Sales Slightly Shy
Yahoo celebrated its one-year anniversary of hiring Marissa Mayer by revealing 2Q profits that bested forecasts, but revenue that narrowly trailed forecasts.
Alphabet, Google Parent Company, Posts Third-Quarter Beat
Alphabet, the parent company of Internet giant Google, revealed a beat on both lines in the third quarter. Shares of the company surged more than 5% in after-hours action.













