Though the American Airlines reported profit for the fourth-quarter but the carrier failed to impress the investors as the unit revenues of the carrier dropped.
On Tuesday the shares of American fell about five percent during the morning trading hours before gaining slightly.
On Tuesday, VMware Inc. the virtualization software maker reported its fourth quarter results which revealed a three percent drop in profits as compared to the previous year. The rising costs offset the healthy growth in revenue.
However, both the adjusted earnings as well as the revenue for the quarter surpassed the expectations of the analysts.
Yahoo revealed a plan to spin off its stake in the Chinese ecommerce firm Alibaba on Tuesday. This move will allow Yahoo to save the billions of dollars in taxes. It seems that this plan was held as a tightly guarded secret for several months.
United Technologies Corp. trimmed its forecast for annual profit keeping in view the growing strength of the U. S. dollar against the euro as well as other currencies. It's has been just weeks when the company gave its earlier forecast to the investors.
On Monday the U. S. Housing and Urban Development secretary made an announcement regarding the Continuum of Care grants which is an attempt to put an end to homelessness.
Approximately $68 million in grants is expected to come to Michigan for supporting around 325 local programs related to homeless housing and service.
The coffee lovers have a reason to cheer now.
A new study revealed that drinking approximately four or more cups of coffee in a day reduces the risk of melanoma which is one of the most deadly forms of skin cancer.