U.S. services sector grows, job losses decline
The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday. Read Full Article here.
Cuomo hits Intel with antitrust lawsuit
Intel Corp was sued on Wednesday by New York Attorney General Andrew Cuomo, who accused the world's largest chipmaker of scheming to maintain monopoly power in the market for microprocessors. Read Full Article here.
Time Warner profit beats estimates; outlook raised
Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast in a sign that advertising sales at cable networks such as TNT are recovering and cost cutting at the Warner Bros film studio is paying off. Read Full Article here.
ADP profit beats estimates as costs decline
Automatic Data Processing Inc posted higher-than-expected quarterly earnings on Wednesday as the world's largest payroll processing company cut costs to offset lower sales. Read Full Article here.
Comcast beats Street on phone, Internet service
Comcast Corp's quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies. Read Full Article here.
G20 to look at how to unwind stimulus-U.S.'s Wolin
Finance chiefs from the Group of 20 will discuss eventually unwinding emergency economic stimulus packages introduced over the last year, U.S. Deputy Treasury Secretary Neal Wolin said on Wednesday. Read Full Article here.
MySQL founder: rival Oracle not Microsoft
The main rival to Sun's MySQL database has always been Oracle not Microsoft, the creator of MySQL said, as Europe nears an antitrust decision on Oracle's proposed $7 billion purchase of Sun. Read Full Article here.