Hewlett-Packard reported that profit for its second fiscal quarter grew 16 percent on improvement across its businesses.
Gold futures rose to the highest level in four weeks as a decline in the U.S. dollar and rising oil prices boosted the metal's appeal as an investment hedge. Silver gained more than 4 percent.
U.S. stocks plunged on Tuesday after oil soared to nearly $130 a barrel fueling concerns that commodity prices will further dampen U.S. consumption levels, while analysts forecast more credit losses and faster inflation.
Covidien Ltd., a healthcare products manufacturer, said on Tuesday that its Procedure Kit for laparoscopic procedures was approved by U.S. regulators.
Customer satisfaction with U.S. airlines dropped to its lowest level since 2001, according to a survey report published on Tuesday.
Medtronic Inc. the developer of medical technology reported on Tuesday its earnings for the fourth-quarter ended April 25 were $812 million, or 72 cents per share, compared with $812 million or 70 cents per share, a year earlier.
Target Corp., the second largest U.S. retailer, reported a profit which beat Wall Street forecasts as the company's chief financial officer said sluggish sales were ahead.
Home Depot Inc., the largest home- improvement retailer, said on Tuesday its first-quarter profit fell 66 percent as consumers grappling with the deepest U.S. housing slump in over 25 years left the company's sales affected.
The dollar fell versus the euro and yen on Tuesday ahead of a home sales report which could indicate more declines in the housing market.
Crude rose on Monday as supply worries continue despite a decision from South Arabia to raise oil production, while gasoline rose to $4 a gallon in some areas in the United States.
Japan stocks rebounded slightly Monday, led by oil companies' shares as New York oil futures reached $127.82 per barrel in off-hours trading on Friday. But the upward trend was thwarted because of concerns over the U.S. economy.
U.S. stocks rose on Monday, lifting the Standard & Poor's Index to a four-month high, after data suggesting the U.S. economy may not be in recession which helped to overcome concerns over record crude oil prices, while technology shares were boosted as deal talks between Microsoft and Yahoo have been resumed.
The total jobs Morgan Stanley cut this week could get close to 2,000 jobs. A report said Morgan cut 1,500 jobs this week, but few affected employees have not been notified yet, media reports said on Friday.
The Food and Drug Administration warned one more time about the risks of Novartis and Roche transplant drugs for pregnant woman.
Financial stocks fell on Friday on slipping consumer sentiment, led by losses at large regional banks Keycorp and Regions which were hurt by downgrades.
It was just after 10 p.m. when William Cotter, wearing a belt full of ammunition, burst into the home of his estranged wife, Dorothy, shooting her in the back with a sawed-off shot gun before taking his own life.
With U.S. crop prices soaring to historic levels, times are seemingly good for grain farmers and agribusiness firms. So why are lenders worried about the U.S. farm economy?
The dollar versus the euro and yen on Friday after a report showing that consumer confidence in the U.S. fell as oil reached a new record.
Wal-Mart is planning to prepare and serve fresh food at delicatessen counters in its new Marketside convenience stores, in a bit to compete with Tesco's Fresh & Easy offering.
Gold futures closed near $900 an ounce on Friday in New York, making it the highest gain for the contract in 10 weeks as energy costs surged to a record and the dollar weakened, boosting the appeal of the precious metal as a hedge against inflation.
Macy's Inc, the second largest U.S. department store company, is partnering with toy store chain FAO Schwartz to let it open smaller stores within nearly 700 of its locations over the next two years.
Time Warner Inc. Chairman Richard Parsons said Friday he will likely step down at the end of the year, a opening the door for Chief Executive Officer Jeffrey Bewkes to take over the position at the world's biggest media company, according to a media report.
