Herbalife Soars After Re-Audit Finds No Material Changes
Shares of nutrition company Herbalife soared almost 10% after it said a re-audit following the KPMG scandal required no material changes.
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Latest from Matt Egan
FT: Goldman Sachs to Exit NYSE Floor in Historic Move
The biggest U.S. investment bank is planning on selling its NYSE floor unit as human-based trading at the Big Board dwindles.
3M Boosts Dividend, Issues Upbeat 2014 Guidance
Shares of blue-chip conglomerate 3M rallied on an upbeat outlook for 2014 earnings and share repurchases.
Verizon Sees Up to $10 Billion of 4Q Charges
Verizon Communications plans to take up to $10 billion worth of charges in the fourth quarter tied to pension liabilities as well as about $1 billion of Hurricane Sandy-related costs.
140 Stocks Impacted by NYSE Probe of Unusual Trading
NYSE said it is reviewing trades that took place between 9:30 a.m. and 10:15 a.m. ET in the following 140 symbols.
Sprint Snatches Control of Broadband Provider Clearwire
In its first major move since being acquired by Japan’s Softbank, Sprint Nextel revealed a deal to take majority control of 4G broadband network provider Clearwire for about $100 million.
J.C. Penney Reveals 28% Tumble in 4Q Sales
Slammed by a 28% dive in sales and shrinking margins, struggling department store J.C. Penney disclosed a weaker-than-expected fourth-quarter loss of more than $500 million.
Coach Plunges 16% on 4Q Miss, Trouble in North America
Wall Street slammed Coach on Wednesday, sending the handbag maker’s stock plunging 16% after it disclosed a weaker-than-expected 1.5% rise in fourth-quarter profits amid slowing North American sales.
Talk of Ceasefire Sends Crude Diving
Crude oil tumbled after Libya said it will end military operations against rebels.
Xerox's 3Q Net Zooms 28% Higher, Surpasses Forecasts
Xerox revealed a stronger-than-expected increase in profits and upbeat guidance for the current quarter.