Ford surprises with quarterly profit
Ford Motor Co surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to solidly profitable, sending its shares up 5.7 percent in premarket trading. Read Full Article here.
CIT bankruptcy to leave small businesses concerned
CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough. Read Full Article here.
Summers to lead high-level meeting on economy
White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth. Read Full Article here.
Goodbye to all that stimulus?
The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week. Read Full Article here.
Goldman in talks to buy Fannie tax credits: report
Goldman Sachs Group Inc is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday. Read Full Article here.
Humana earnings jump, but sees lower 2010 profit
Health insurer Humana Inc on Monday projected lower profit next year as it sees profit margin pressure on its Medicare business for the elderly and weaker enrollment in its commercial plans serving employers. Read Full Article here.
Wal-Mart announces second round of toy price cuts
Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the price leader this holiday shopping season. Read Full Article here.
Human Genome, Glaxo lupus drug works in 2nd trial
Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first new treatment for the disease in 50 years. Read Full Article here.
Sony shares slide despite lifting annual outlook
Shares in Sony Corp lost nearly 6 percent on Monday as investors shrugged off the electronics maker's upward revision to its earnings forecast and sold on worries over the U.S. market and a stronger yen. Read Full Article here.
BofA reaches out to BNY Mellon chief for CEO job
Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported. Read Full Article here.