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Ingersoll Rand cuts profit view, shares tumble

Ingersoll Rand Plc cut its profit forecast for the rest of the year on Friday, blaming weak demand in North America for residential heating and cooling systems and commercial security products.
U.S. President Barack Obama

Obama Reelection Campaign Underway

Obama's reelection campaign is well underway. The President is firing on all cylinders in an attempt to win the bid for the White House again in 2012.
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Buffett says Berkshire has begun share buybacks

Warren Buffett's conglomerate Berkshire Hathaway Inc has begun its share buybacks, Buffett said on Friday, but the repurchases will not stop the company from also making acquisitions or spending on infrastructure for its portfolio of companies.
U.S. Stock Market

Stocks Tepid Among Fears of Global Slowdown

Stocks opened lower on Friday, putting equities on track for their fifth straight monthly decline as China's manufacturing shrank and kept fears of a global economic slowdown in the forefront.
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Ingersoll Rand cuts Q3, FY forecast on weak demand

Industrial conglomerate Ingersoll Rand Plc cut its third-quarter and full-year earnings forecast to below market estimates, due to weak demand at its key North American residential and commercial security markets.
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Weak income curbs consumer spending

Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report that showed the impact of the weak jobs market.
German Courts Uphold Apple Injunction Banning Samsung Galaxy Device Sales

T-Mobile and Verizon Weigh In On Apple-Samsung Patent Battle

On Wednesday, T-Mobile joined Verizon in filing an amicus brief in the most recently contested Apple vs. Samsung case over the design of the Galaxy line of tablet computers and phones. The original suit was filed in April in Northern California and covered seven utility patents, three design patents, several iOS app icons, and a number of trade dress designs for the iPhone, iPod touch, and iPad, as well as the packaging for the Apple products.
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Analysts Assess Impact of Defense Cuts on US Jobs

Defense Secretary Leon Panetta has warned that a potential $1 trillion cut to the Pentagon budget could raise U.S. unemployment by 1 percentage point but analysts differ on how many jobs could be lost and what that actually means for the economy.
Governor of Baja California Guadalupe Osuna Millan (L) addresses the audience next to Governor of New Mexico Susana Martinez (C) and Governor of Sonora Guillermo Padres Elias at the annual conference of regional leaders from both sides of the border in So

U.S.-Mexico Border Governors Sign Crime-Fighting Pact

Governors along the U.S.-Mexico border agreed on Thursday to examine how to create shared databases where they can swap DNA and other biometric information on criminals in an effort to curb the flow of guns and drugs between the two countries.

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