NYSE Market News

Pharmacy healthcare provider CVS Caremark Corporation (NYSE:CVS) today reported an increase in its second-quarter profit. CVS also raised and narrowed its 2012 forecast.

American International Group Inc. (NYSE:AIG) is mulling over to buy back its large numbers of shares from the government, in order to free itself from state’s control, according to Wall Street Journal. The Journal, citing sources, said that the insurer will try to buy back majority of stake from the government by next fall. At […]

Pharmaceutical company Bristol Myers Squibb Co. (NYSE:BMY) has halted its study on a drug meant for Hepatitis C following emergence of safety related issues. On Wednesday, the company announced that it will voluntarily shelve the phase two study, referred to as BMS-986094, and earlier called as INX-189. The company has now decided to assess all […]

The battle over who fits onto Coca Cola’s (NYSE:KO) current CEO Muhtar Kent’s shoes once he retires has already begun. Indeed, two of the most likely candidates, Ahmet Bozer and Steve Cahillane have been given additional responsibilities for overseeing operations in world’s biggest beverage company.

Automaker General Motors Co. (NYSE:GM) ousted Joel Ewanick, the company’s global marketing chief. Ewanick’s ouster comes a little over two years after he joined GM.

Oil and gas company Chevron Corporation (NYSE:CVX) today reported its second-quarter financial results, posting a 7% drop in profit.

Dow Chemical Company’s (NYSE:DOW) second-quarter profit dropped sharply due to falling prices and demand amid uncertain global economic environment.

U.S.’s largest oil company, Exxon Mobil Corporation (NYSE:XOM) today reported a sharp rise in its second-quarter profit, helped by asset sales.

Aircraft manufacturer Boeing Company (NYSE:BA) today reported better-than-expected second-quarter profit. The company also raised its full-year earnings outlook, sending the stock sharply higher.

Construction and mining equipment maker Caterpillar Inc. (NYSE:CAT) today reported a 67% increase in its second-quarter profit, driven by increasing demand for its equipments. The Peoria, Illinois-based company also raised its outlook for the full year, sending the stock higher in early trading today.