IBM raises outlook, reports higher profit
IBM on Thursday raised its full-year outlook and reported higher-than-expected quarterly profit as its growing focus on higher-margin software and services businesses helped it cope with weak technology spending. Read Full Article here.
Google results beat expectations, shares up
Google Inc posted its strongest sequential revenue growth in more than a year, outpacing Wall Street expectations as the Internet search advertising business showed signs of recovery from the global recession. Read Full Article here.
Chipmaker AMD loss beats Street, shares up
Advanced Micro Devices Inc (AMD) reported stronger-than-expected quarterly results on Thursday, helped by strong processor shipments, sending shares up in after-hour trading. Read Full Article here.
Goldman profit quadruples; bonus reserve lower
Goldman Sachs Group Inc's vaunted trading operations helped the dominant Wall Street firm quadruple its earnings, but investment banking results were lackluster and its shares fell. Read Full Article here.
Citi still playing catch-up as credit losses bite
Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability. Read Full Article here.
Reports hint U.S. economy healing, inflation tame
Labor market, manufacturing and consumer price data released on Thursday portrayed the U.S. economy as steadily emerging from a protracted recession, with inflation under control. Read Full Article here.
Executives say business conditions improving
Top U.S. executives are becoming more hopeful about the global economy and the U.S. business outlook, according to a survey of business leaders released on Thursday. Read Full Article here.
SEC, CFTC mull joint enforcement squad: sources
U.S. securities and futures regulators are considering creating a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with the matter said on Thursday. Read Full Article here.