Caterpillar Inc reported a 29 percent rise in first-quarter profit on Wednesday and beat analyst expectations thanks to continued demand for replacement machinery in North America and growth in its mining business.
Stock index futures rose on Wednesday after forecast-beating results from Apple removed a weeks-old market overhang and lifted optimism in a corporate earnings season already outstripping expectations by a wide margin.
The Federal Reserve may appear slightly more upbeat on the economy on Wednesday, though investors should not mistake this cautious optimism for any desire to raise interest rates soon.
An anonymous bidder just acquired a piece of Hollywood history. Britney Spears' Beverly Hills home just sold for $4,253,000. Originally listed at $2,995,000, the lucky bidder will be living in the home that the pop star had her famous 2008 meltdown in. (No word if the house comes with a stretcher.)
Last August, someone abandoned a Ferrari Enzo worth $1 million in Dubai will be up for auction by police on Wednesday along with 22 other supercars and luxury vehicles.
Nissan Motors' Sentra variants may not have left much of an impression with the consumers. However, a redesigned version of the compact sedan is notably a cause for excitement.
The companies whose shares are moving in pre-market trade Wednesday are: Apple Inc, Arm Holdings, Broadcom Corp, Sprint Nextel, Eli Lilly, Amgen Inc, Harley-Davidson, Baidu Inc, ABB Ltd and FMC Technologies.
Stock index futures rose on Wednesday after forecast-beating results from Apple removed a weeks-old market overhang and lifted optimism in a corporate earnings season already outstripping expectations by a wide margin.
Google has finally launched its first cloud storage aka Google Drive on Tuesday. the service offers 5GB space to play with for free, with options to pay $2.49 / month for 25GB additional space, $5 / month for 100GB and $50 / month for a full terabyte of extra space. can it beat Dropbox or Microsoft's SkyDrive?
Asian stock markets ended mixed Wednesday as market participants awaited the Fed meeting outcome for any hint at monetary easing.
The two most talked about smartphones after the Samsung and Apple biggies are AT&T HTC One X and Sprint Galaxy Nexus right now, which are not leaving any stone unturned to lure the US customers towards their offerings.
Futures on major US stock indices point to higher opening on Wednesday ahead of the US Federal Reserve?s meeting and durable goods order data.
Jacqueline Traide, a social sculpture student at Oxford Brookes University, volunteered to be manhandled, smothered, chocked, injected and ill-treated in front of hundreds of onlookers at Regent Street, London, one of the busiest streets of the city.
The Federal Reserve began a two-day meeting on Tuesday that will likely show the central bank is slightly more upbeat on the economy but in little hurry to raise borrowing costs.
Britain's economy is in its second recession since the financial crisis, data showed on Wednesday, heaping pressure on Prime Minister David Cameron's coalition government as it battles a series of political embarrassments.
The Dow and the S&P 500 rose on Tuesday after strong earnings and upbeat outlooks from big manufacturers like 3M Co , but Apple's slide ahead of its results drove the Nasdaq down.
European Central Bank President Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling back its crisis-fighting measures.
The euro hovered near a three-week high and global shares rose on Wednesday ahead of the U.S. Federal Reserve's policy meeting, due mainly to signs of good demand for euro zone sovereign debt before a German bond sale, and some strong corporate earnings.
Credit rating agency Standard & Poor's Wednesday cut India's outlook on the long-term rating to negative from stable, saying that the country's economy is facing high fiscal deficits and a heavy debt burden.
German Chancellor Angela Merkel's cabinet passed a revised deal to tax secret deposits in Swiss bank accounts on Wednesday, betting that the opposition Social Democrats will drop their objections and back the accord in parliament.
European Central Bank President Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling back its crisis-fighting measures.
The doubling of the International Monetary Fund's firepower, an increase in Europe's bailout fund and liquidity injections should be enough to contain Europe's sovereign debt crisis, the head of the Organisation for Economic Cooperation and Development said on Wednesday.
Asian stock markets advanced Wednesday as signs of an improvement in the US housing market and better-than-expected quarterly earnings from corporate majors buoyed sentiment.
Wipro, India's third largest information technology services provider, reported 7.7 percent rise in profit in the quarter ending March 31, but forecast slower growth in the next quarter with the global economy continuing to be weak.
China's dominant search engine Baidu Inc reported $677.1 million revenue for the first quarter, which is up 75 percent compared to the same period a year ago, but disappointed the market with a bleak outlook for the next quarter.
A New York judge on Tuesday rejected an effort by American International Group Inc and other objectors to Bank of America Corp's proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
American International Group Inc has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets.
A recent acquisition spurt by Facebook Inc may add about a week to the social network's journey to public markets, a source with knowledge of the situation said on Tuesday.
A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
Google's former CEO told jurors that he was confident that the Android smartphone platform was developed legally, and that top executives at Sun Microsystems did not object to the project now at the center of a high-stakes court battle.
