DuPont Co., the No. 2 U.S. chemical company, on Tuesday reported lower-than-expected second-quarter profit as weak U.S. housing and auto markets slowed demand and overshadowed growth in other regions.
AT&T Inc. on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts.
A rebel investor in Vodafone Group Plc said on Tuesday it expected the mobile phone giant to address criticism of its 45-percent stake in U.S. joint venture Verizon Wireless over the next 12 months.
AT&T (NYSE: T) said Tuesday its second-quarter net income rose 61 percent to $2.9 billion, up from $1.81 billion a year ago, due in part to the acquisition of BellSouth.
The regulatory arm of the New York Stock Exchange has censured and fined Citigroup Inc.'s Smith Barney unit $50 million for improper trading practices, including deceptive market timing by its brokers.
Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said quarterly profit slid 33 percent and slashed its full-year earnings outlook, hurt by rising defaults as the housing market slumps.
Lockheed Martin Corp., the world's No. 1 defense contractor, on Tuesday reported a greater-than-expected 34 percent rise in second-quarter profit, helped by higher revenue from its combat aircraft and electronic systems units and lower pension costs.
McDonald's Corp., the world's biggest restaurant company, on Tuesday posted a quarterly net loss after taking a big charge for the sale of its outlets in Latin America. The company's second-quarter net loss was $711.7 million, or 60 cents per share, compared with a net profit of $834.1 million, or 67 cents, a year ago.
PepsiCo Inc. posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate and higher sales of Frito-Lay snacks.
Troubles are surfacing with loans made to better-off U.S. homebuyers in a worrying trend that indicates what's been termed 'The subprime crisis' may need to be rebadged 'The housing crisis' and eventually maybe just 'The crisis.'
Members of the Bancroft family, which controls Dow Jones & Co. Inc., may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp for the publisher of The Wall Street Journal.
BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.
Nissan Motor Co., Japan's third-largest automaker, posted a 3.2 percent drop in quarterly operating profit as a worsening product mix favoring smaller, cheaper cars hit margins, and kept its full-year forecasts unchanged despite the weaker yen.
A recall of canned meat products and dog food made at a Georgia plant due to botulism fears could involve tens of millions of cans that pose an urgent public health threat, U.S. officials said on Monday.
Aditya Birla group's Hindalco Industries has bought 45 percent stake in Utkal Alumina International (Utkal) from Canadian metal giant Alcan for an undisclosed sum.
The union representing Deutsche Bahn AG railway drivers and related staff began voting on Monday to decide whether to go on a nationwide strike amid a push for a 31 percent wage increase.
Hedge funds looking to allocate more cash to oil markets are a growing customer base for energy trading firms offering risk management in Asia such as Mitsui & Co, a company executive said on Monday.
JPMorgan Chase & Co. said on Monday it received final approval to set up a locally incorporated bank in China, one of the latest firms given the go-ahead for possible retail operations in the country.
Heating and cooling systems maker American Standard Cos. Inc. said on Monday that it reached an accord to sell its bath and kitchen business to funds advised by private equity firm Bain Capital Partners LLC for $1.755 billion.
Schering-Plough Corp. on Monday said quarterly earnings more than doubled on growing demand for its Zetia and Vytorin cholesterol drugs and its treatments for arthritis and allergies.
The head of the United Auto Workers union on Monday said that a strike against the struggling U.S. auto industry remains a possibility should workers be unable to agree on terms with the three Detroit-based automakers in contract talks starting this week.
Around one in eight British shoppers has bought a counterfeit watch, handbag or other product in the last year as it becomes more socially acceptable, a study by lawyers Davenport Lyons and Ledbury Research found.
Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment. The deal includes stock, as well as pay-out to shareholders of both companies totaling $15 billion.
UAL Corp's United Airlines will ramp up its efforts to lure well-heeled business travelers by adding fully reclining seats to its international business-class cabins, the company said on Monday.
Equipment rental company United Rentals Inc. said on Monday it had accepted a $4 billion takeover bid from private equity fund Cerberus Capital Management LP.
Britain's Resolution and Friends Provident are in advanced merger talks to create a group worth almost 9 billion pounds, the two insurers said on Monday, rekindling hopes of consolidation across the sector.
Hasbro Inc., the world's second-largest toy maker, posted a lower quarterly profit on Monday due to a charge from its repurchase of $200 million in common stock from Lucasfilm Ltd.
Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.
British bank Barclays raised its bid for Dutch group ABN AMRO to 67.5 billion euros ($93 billion) on Monday, helped by some of the biggest ever overseas investments by China and Singapore. The bid still falls short of a rival $71 billion-euro bid from a group of European banks led by Royal Bank of Scotland.
Demands for job guarantees at Siemens AG automotive electronics unit VDO moved to the centre of a takeover contest after two suitors were each reported to have bid more than $16 billion for the business.
