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Ford posts quarterly profit, raises 2010 outlook

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Ford Motor Co posted a stronger-than-expected $2.1 billion quarterly profit and said it would be solidly profitable in 2010, a year ahead of schedule, driven by strong U.S. sales and market share gains.

Eventual bank reform passage seen, votes loom

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Influential Republican Senator Judd Gregg said on Tuesday he expects the Senate to eventually pass a financial reform bill as Democrats moved to force a series of votes to try to open debate on the measure.
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Bernanke says prompt action needed on deficit

Federal Reserve Chairman Ben Bernanke said on Tuesday the country's budget deficit is on an unsustainable path and requires near-term action from policymakers to avoid dangerous outcomes.
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United Air parent loss shrinks, beats forecasts

UAL Corp , parent of United Airlines, on Tuesday said its quarterly net loss shrank, topping expectations, helped by a sharp revenue increase and accounting gains related to its fuel hedges.
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3M profit beats; company raises outlook

Diversified manufacturer 3M Co posted a higher-than-expected quarterly profit on Tuesday and raised its sales and profit forecasts for the full year, citing strong demand in developing markets as well as an improving economic backdrop.
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Top court to rule on California video game law

The Supreme Court said on Monday it would decide whether a California law banning the sale and rental of violent video games to minors violated constitutional free-speech rights, the first time it will rule on a video game case.
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DuPont profit more than doubles; forecast raised

DuPont said strong emerging market demand and sales of specialty chemicals helped its first-quarter profit more than double, beating Wall Street expectations and sending its shares up nearly 2 percent in premarket trading.
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Markets to open lower on Greece, earnings help Dow

U.S. stock index futures pointed to a lower open on Tuesday after Germany demanded new austerity measures from Greece, prompting worries over Greek debt, although strong earnings reports limited losses in the Dow.
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Financial reform bill stumbles in Senate

The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.
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Deutsche Bank sales and trading drives Q1

Deutsche Bank's investment bank posted forecast-beating record quarterly earnings, adding credibility to the lender's ambitious targets even as Wall Street faces a regulatory and legal hurricane.
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Mazda, MMC forecast profit jump as sales recover

Mazda Motor Corp and Mitsubishi Motors Corp , Japan's No.5 and No.6 automakers, forecast a more than trebling in annual operating profit on Tuesday, counting on new models to ride a sales recovery in the United States and other markets.
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EUR/USD – where is the journey going on?

Good morning dear traders, yesterday was not my favourite trading day. In the beginning there have been some nice trading chances in EURUSD, however later we landed in a sideways range, whereas losses have been forecasted.
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Global stocks slip as Greece weighs, euro down

World stocks remained troubled by worries over Greek debt on Tuesday after Germany demanded new austerity measures, offsetting strong U.S. earnings, and driving down the euro on contagion fears.
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Euro slips on Greece aid uncertainty

The euro slipped on Tuesday after Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, with investors likely set to push high risk European sovereign bond yields up further.
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Mazda, MMC forecast jump in profit as sales recover

Mazda Motor Corp and Mitsubishi Motors Corp , Japan's No.5 and No.6 automakers, forecast a more than trebling in annual operating profit on Tuesday, counting on new models to ride a sales recovery in the United States and Japan.
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Euro slides on Greece fears; stocks sag

The euro slid on Tuesday as Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, while Asian stocks fell as investors took profits in sectors that have been outperforming in recent weeks.
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Mazda sees op profit more than trebling this year

Mazda Motor Corp forecast on Tuesday more than trebling its operating profit this year, counting on the Mazda5 minivan and other new models to drive a sales recovery in the United States and Japan.
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Trial begins in Lehman, Barclays dispute over sale

Attorneys for Lehman Brothers Holdings Inc and Barclays Plc sparred in court on Monday as they began a trial over whether the British bank received an improper $11.2 billion windfall from its takeover of Lehman's core U.S. brokerage in September 2008.
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Google loses Verizon, changes Nexus One plans

Google Inc said it no longer plans to offer a version of its Nexus One smartphone for the Verizon Wireless network and will change its distribution plans in Britain, underscoring the challenges facing the Internet search company as it expands into the mobile phone market.

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