Result Page 1883 for Latest Business News & Archive

Stock futures dip after strong gains, earnings eyed

Stock index futures edged lower on Wednesday after the S&P 500 tallied its biggest gain in a month and ahead of another round of corporate earnings.

Exclusive: Chesapeake CEO took out $1.1 billion in unreported loans

Aubrey McClendon, the CEO of Chesapeake Energy Corp, has borrowed as much as $1.1 billion over the last three years against his stake in thousands of company wells - a move that analysts, academics and attorneys who reviewed loan documents say raises the potential for conflicts of interest.

Stock index futures point to lower open

Stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down between 0.1 percent and 0.2 percent at 6:47 a.m. EDT (1047 GMT).

Not if, but when for Spanish bailout, experts believe

Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.

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Shares buoyed by easing worries over Spanish debt

Asian shares rose on Wednesday as firm demand at Spanish debt sales and positive U.S. corporate earnings boosted investor confidence in riskier assets.

Yahoo shows signs of life, Alibaba in the cards again

Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company.

IMF inches toward deal on boosting bailout funds

The International Monetary Fund appeared to be inching toward a deal on increasing its financial firepower on Tuesday, with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone's debt crisis.

Wall Street rallies on earnings, Europe helps

U.S. stocks scored their biggest gains in a month on Tuesday after Coca-Cola led a round of strong earnings and as concerns about Europe's debt crisis eased as Spanish bond yields fell.

Yahoo beats Wall Street profit targets

Yahoo Inc reported a modest uptick in first-quarter revenue and beat Wall Street's profit targets, as the Web company moves to revamp its growth under new Chief Executive Scott Thompson.

Goldman dials back risk, profit falls

Goldman Sachs Group Inc posted a 23 percent decline in quarterly earnings after it dialed down risk-taking in tricky markets, and clients also reduced their appetite for bets.

J&J quarterly profit beats forecast, but sales lag

Declining sales dogged Johnson & Johnson in the first quarter, illustrating the company's struggle to revive growth in all three of its main businesses and tough challenges ahead for incoming Chief Executive Officer Alex Gorsky.

Earnings, Europe news spark Wall Street rally

Stocks rallied on Tuesday as investors welcomed a slew of solid quarterly corporate results and after a German investor confidence survey surprised on the upside and Spanish benchmark yields eased.

Google says Oracle should not get piece of Android

Oracle Corp is trying to obtain a share of Android by asserting its intellectual property rights even though it had nothing to do with the development of the smartphone operating system, an attorney for Google said in court.

World economy fragile, faces uneasy calm: IMF

Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday.

Exclusive: Bank of America puts non-U.S. wealth arm up for sale

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

Corporate earnings, Spain debt sale boost Wall Street

Stocks rose sharply on Tuesday as investors welcomed a slew of quarterly corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.

U.S. factory decline suggests economy losing steam

Output at U.S. factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction.

Wall Street rises on earnings, Spain debt auction

Stocks rose on Tuesday as investors welcomed a slew of corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.

Budget cuts favored for reducing deficit: poll

Cutting government programs is favored as the way to reduce the budget deficit by more than twice as many Americans as those who favor raising taxes, said a Reuters/Ipsos poll.

Pentagon sees progress, challenges in cyber warfare

The Pentagon says it is making progress in developing weapons for its newest battleground - cyberspace - but still faces funding, technology and policy challenges.

Factory output and housing starts fall in March

American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook.

Wall Street climbs, boosted by earnings, Spain debt sale

Stocks rose at the open on Tuesday, with the Dow industrials climbing as much as 1 percent, as investors welcomed a slew of corporate results and a decline in borrowing costs for Spain.

Goldman beats Street but dials back risk

Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank.

Ford Focus Electric To Hit US Roads At $39,200: Top Electric Cars In The Market To Challenge The New Vehicle (PHOTOS)

The Electric Vehicle (EV) market is all set to witness a slew of offerings by major car manufacturers this year. Back in CES 2011, Ford announced its plans to electrify its Focus compact and now the company has recently announced its plans to bring the electric vehicle to the market.

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