IBT Staff Reporter

Flash-memory maker SanDisk Corp warned that weak demand from mobile phone manufacturers and a glut in supply that has led to lower prices are hurting its revenue and margins, sending its shares down 7 percent in after-market trading.

As Morgan Stanley finishes integrating its brokerage joint venture with Citigroup Inc and considers spending $10 billion to buy the whole business years ahead of plan, investors are anxiously awaiting signs that the long-promised profit machine will finally start to purr. Since agreeing to buy Citi's Smith Barney in 2009, Morgan Stanley executives have told shareholders t...

JPMorgan Chase & Co is shedding mortgage debt from a stable value fund, under pressure from insurers in a case raising questions about suitable investments for funds normally regarded as a super-safe haven for retirement savings.

China has sent election monitors to check on Myanmar's recent parliamentary elections. The irony of a country without free democratic elections monitoring ballots has not been lost on the Chinese.

The U.S. economy likely notched up a fourth month of solid job growth in March, which would lower the need for the Federal Reserve to offer additional monetary stimulus to spur faster economic growth.

Auto sales rose about 13 percent in March as consumers energized by an improving job market replaced aging vehicles and took advantage of cheap financing.

The U.S. economy likely notched up a fourth month of solid job growth in March, which would lower the need for the Federal Reserve to offer additional monetary stimulus to spur faster economic growth.

Amazon.com Inc is trying to grab some of the billions of advertising dollars spent each year by consumer packaged goods companies including Kimberly-Clark Corp, as the world's largest Internet retailer seeks new sources of revenue growth.

Apple Inc shares set a record high on Tuesday after Piper Jaffray supported Topeka Capital Market's assertion that the stock should breach $1,000 in a year or two, propelled by emerging markets growth and new products that could include a revolutionary TV set.

As Morgan Stanley finishes integrating its brokerage joint venture with Citigroup Inc and considers spending $10 billion to buy the whole business years ahead of plan, investors are anxiously awaiting signs that the long-promised profit machine will finally start to purr. Since agreeing to buy Citi's Smith Barney in 2009, Morgan Stanley executives have told shareholders t...

James Murdoch's belated acknowledgment that he had become a liability to satellite broadcaster BSkyB was a rare admission of defeat by the combative 39-year-old executive known for his self-belief and decisiveness.

Molson Coors Brewing Co's plan to buy East European brewer StarBev for 2.65 billion euros ($3.5 billion) will give it more exposure in developing markets, but the brewer may have been better off trying to improve its business in developed markets, analysts said.

Facebook fired back on Tuesday in its legal battle with Yahoo by accusing the Web pioneer of infringing 10 of Facebook's patents, according to a court filing.

A Dutch semiconductor company said on Tuesday it had filed a patent infringement suit against Research In Motion Ltd, adding to the BlackBerry maker's troubles and sending its shares tumbling.

Auto sales rose more than 15 percent in March, preliminary data showed, as rising consumer confidence and cheap financing quickened the pace of a sluggish recovery more than two years in the making.

China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.

Stocks extended losses on Tuesday after minutes from the most recent meeting of the Federal Reserve's policy-setting committee showed the Fed appeared less keen to launch additional stimulus measures.

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.

In the face of falling exports as a percentage of its economy, China is trying to get its citizens to overcome a long-held propensity to save and start spending more on consumer goods.

GameStop executives are tired of hearing about investors who bet against the stock of the video game retailer that they have given them a nickname: shallow divers.

The world's most populous country now has more than one billion cell phones. Over the past two years, China has added 200 million mobiles.

Stocks edged lower on Tuesday after a strong start to the second quarter and ahead of the release of minutes from the most recent meeting of the Federal Reserve's policy-setting committee.

Research In Motion on Tuesday launched software that enables its large enterprise customers to manage Apple and other rival devices through the same servers as they use for the BlackBerry smartphone and Playbook tablet.

Auto sales continued a robust pace in March, boosted by consumers with more confidence in a recovering U.S. economy who want to buy fuel-efficient cars and trucks in the face of rising gasoline prices.

Stocks were little changed on Tuesday as the market showed signs of fatigue after major indexes hit multiyear highs.

Google Offers and Banana Republic are the first businesses to join Starbucks Corp in raising money for a U.S. job creation fund started by the world's biggest coffee chain late last year.

New orders for factory goods rebounded in February and firms increased orders for capital goods, suggesting manufacturing held on to some momentum early in the year despite signs of slower growth.

Stocks were set to take a breather on Tuesday after the S&P 500 climbed to a 4-year high and ahead of factory orders data and minutes of the latest Federal Reserve meeting.

Stock index futures fell on Tuesday after the S&P 500 climbed to a 4-year high in the previous session as investors awaited factory orders data and minutes of the latest Federal Reserve meeting.