Industrial conglomerate Tyco International posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo, a sign of its growing confidence in the economic recovery after it reported several quarters of improving investment-banking profits
Monday, 9 Nov 2009 | Source: CNBC staff and wire reports
EA posted earnings on Monday that declined compared with last year, but profit topped analysts' forecasts. The company also announced layoffs of 1,500 positions in another round of restructuring and shares rose in extended trading.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.
McDonald's, the world's largest fast-food chain, said Monday that monthly sales growth edged down in October in the U.S., only the third time the monthly figures haven't climbed in 6 1/2 years.
Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
General Electric and Comcast are now expected to announce a deal over GE's NBC Universal unit on Nov. 16, not next week as originally thought, people familiar with the situation told CNBC.
Thursday, 5 Nov 2009 | Source: The Associated Press
Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
Starbucksreported a quarterly profit that outstripped analysts' forecasts, and it provided a bright earnings outlook that helped push its shares higher in extended trading.
Japan's benchmark stock index the Nikkei Average fell below the 10,000-level for the first time in three weeks last week, and has since had little success maintaining its upward momentum... Read More
Its tempting to suggest that the 'V'-pattern recovery seen on the Microsoft chart reflects the behaviour of the unpopular Vista operating system and the announcement of its replacement with the newly released Windows 7... Read More
The Australian dollar has hit a 14-month high against the U.S dollar, prompting investors to speculate once again, if the currency will reach parity with the greenback... Read More