Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary

Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary
Following the rally seen in the previous session, stocks fluctuated over the course of the trading session on Thursday. Despite the choppy trading, the Dow inched up to its best closing level in a month. The major averages ended the day on opposite sides of the unchanged line. While the Dow crept up 10.92 points or less than a tenth... Read More

Sessions Reportedly Considering Running For Old Senate Seat

Sessions Reportedly Considering Running For Old Senate Seat
Former Attorney General Jeff Sessions is reportedly considering running for his old Alabama Senate seat in 2020 after being fired as the nation’s top law enforcement official on Wednesday. Citing people familiar with his thinking, a report from Politico said Sessions might challenge Democratic Senator Doug Jones, D-Ala. Jones won a special election to fill Sessions’ seat last year in... Read More

Justice Department sues UBS over mortgage bonds before the recession

Justice Department sues UBS over mortgage bonds before the recession
The Justice Department said it’s suing UBS UBS, -2.01% over the sale of residential mortgage-backed securities from 2006 through 2007, just before the Great Recession hit. “The fraudulent actions by UBS as alleged in the complaint contributed to the 2008 financial crisis, which resulted in lasting economic harm to the nation and unnecessary suffering for Americans,” said Principal Deputy Associate... Read More

Skyworks Solutions stock down after fiscal Q4 earnings

Skyworks Solutions stock down after fiscal Q4 earnings
Shares of Skyworks Solutions Inc. SWKS, +0.91% fell 4% in the extended session Thursday after the semiconductor company reported fiscal fourth-quarter per-share earnings that beat expectations but predicted a weaker fiscal first quarter. Skyworks earned $286 million, or $1.58 a share, in the quarter, compared with $281 million, or $1.51 a share, in the year-ago quarter. Adjusted for one-time items,... Read More

CenturyLink stock falls 7% after earnings show declining sales, profit

CenturyLink stock falls 7% after earnings show declining sales, profit
CenturyLink Inc. CTL, -1.82% shares dropped more than 7% in after-hours trading following an earnings report that showed sales and profit declining faster than expected. The telecommunications firm reported third-quarter profit of $272 million, or 25 cents a share, on sales of $5.82 billion, down from $6 billion a year ago. After adjustments for the recent Level 3 acquisition and... Read More

Forescout stock rallies 10% on surprise profit

Forescout stock rallies 10% on surprise profit
Forescout Technologies Inc. FSCT, +0.46% shares surged in the extended session Thursday after the cybersecurity company reported a surprise adjusted profit. Forescout shares rallied nearly 10% after hours, following a 0.5% rise to close the regular session at $28.11. The company reported a third-quarter loss of $8.3 million, or 20 cents a share, compared with $1.3 million, or 21 cents... Read More

Plantronics stock jumps nearly 5% on report of potential sale

Plantronics stock jumps nearly 5% on report of potential sale
Plantronics Inc. PLT, +4.72% shares jumped to close higher Thursday following a report that the Bluetooth earpiece and headset maker may put itself up for sale. Plantronics shares jumped 4.7% just before the close to finish at $61.90. On Thursday, Reuters reported that Plantronics was exploring a potential options that included a potential sale. In July, Plantronics closed on its... Read More