Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly.
Yahoo is expanding its cloud initiatives, extending its reach into research territory.
Oil settled above $49 a barrel on Wednesday, slightly up on the day but well off session highs on news that Federal Reserve officials still see a grim economic outlook.
Oil rose more than $1 a barrel on Wednesday after a U.S. government report showed a surprise draw in commercial distillate stockpiles and equities markets rallied.
Leaders of California's scenic Santa Barbara County, site of a 1969 oil spill that galvanized the modern environmental movement, voted on Tuesday to reverse a decision backing new offshore energy development.
Cisco Systems said Monday it will be ‘active’ with acquisitions despite the economic downturn, but its shares were thrashed by downgrades.
Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or toxic assets, the Bergen County Record in New Jersey reported.
The retail sector is in contraction, fueled by the recession, mounting job losses and a sharp drop in consumer spending. Retail businesses are scaling back operations, closing stores and trimming demand for space.
Affordability has been a major concern as home prices in some markets more than doubled earlier in the decade. After a period in the 1990s of great affordability when mortgage costs were between 20 and 35 percent of household income for most U.S. markets
Two prominent technology news blogs clashed on Friday morning over a report one of them issued that said Google Inc may try to buy Internet start-up Twitter.
The rumor mill has been working overtime on Friday over reports that major search engine; Google is in late stages to buyout micro-blogging phenomenon Twitter.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to an accounting rule were seen as shoring up the volatile financial sector in the short term.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Oil fell more than 3 percent to below $48 on Wednesday, pressured by bearish economic news and a 16-year high in U.S. crude inventories.
Server and data storage products maker Rackable Systems Inc on Wednesday said it agreed to acquire Silicon Graphics Inc, which filed for bankruptcy protection earlier in the day, for about $25 million in cash.
U.S. mortgage rates set fresh record lows last week, fostering demand for refinancing that drove home loan applications to the highest level since mid-January, data from the Mortgage Bankers Association showed on Wednesday.
A California nut grower and processor issued a nationwide recall of pistachios on Tuesday due to possible salmonella contamination, and authorities said consumers should avoid all pistachio products until more information was available.
PC users are bracing themselves for the latest virus, one so menacing that Microsoft has offered a reward of a quarter of a million dollars for tracking down its creator, which some experts believe will strike on Wednesday April 1st.
Western Digital is making its first foray into the Solid State Disk market with its $65 million acquisition of SiliconSystems.
