Wall Street finishes higher in afternoon rally as oil gains
NEW YORK (Reuters) – U.S. stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over U.S. monetary policy….
Occidental CEO jokes Chevron is an unsuitable buyer; lifts stock
WILLISTON, N.D. (Reuters) – Occidental Petroleum Corp Chief Executive Stephen Chazen quipped on Thursday that his larger rival Chevron Corp was too poor to buy the No. 4 U.S oil producer, but the offhand remark sent Oxy’s stock up anyway.
Shake Shack IPO prices far above expected range
(Reuters) – Growth-hungry investors snapped up shares offered by Shake Shack Inc , setting the stage for a sizzling debut for the New York-based burger chain when its stock starts trading on Friday.
Yellen tells Senate Democrats U.S. economy looks good: media reports
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen on Thursday offered an upbeat assessment on the U.S. economy in a meeting with Senate Democrats, even as she noted risks from overseas, according to media reports.
Exclusive: U.S. federal safety regulators seek Takata whistleblowers
(Reuters) – U.S. vehicle safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata Corp, stepping up pressure on the air bag maker whose products are linked to five deaths and dozens of injuries.
Broadcom’s fourth-quarter results exceed expectations
SAN FRANCISCO (Reuters) – Broadcom Corp posted fourth-quarter results on Thursday that exceeded Wall Street’s expectations as the Apple supplier increased its focus on Wi-Fi and broadband chips, sending its shares higher.
Google fourth-quarter revenue misses Wall Street target
SAN FRANCISCO (Reuters) – Google Inc’s revenue grew 15 percent in the fourth quarter but fell short of Wall Street’s target on declining online ad prices and unfavorable foreign exchange rates.
Amazon sales rise in holiday quarter, shares jump
SAN FRANCISCO (Reuters) – Amazon.com Inc reported stronger than expected earnings on Thursday as North American sales surged during the crucial holiday quarter, sending its shares up 9 percent.
Ford profit beats estimates, but European outlook worsens
DETROIT (Reuters) – Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.
Honda recalls to squeeze profit, cloud guidance as cheap fuel poses new threat
TOKYO (Reuters) – As Japan’s Honda Motor Co pays hundreds of millions of dollars to replace potentially deadly air bags, hitting earnings, a new headache lies around the bend – cheaper U.S. petrol could lure buyers away from its fuel-efficient cars.
