Hewlett-Packard Co posted stronger-than-expected results and forecast full-year profit above Wall Street estimates, underscoring its resilience to an economic crisis that has dragged down other tech companies. Shares of HP jumped 10
European shares extended gains in late trade on Tuesday to hit their day high, tracking advances on Wall Street and helped by a higher oil price. At 1530 GMT, the FTSEurofirst 300
The U.S. dollar remains the premier international currency and its safe-haven status has seen it appreciating rapidly during the financial crisis, Federal Reserve Chairman Ben Bernanke said on Tuesday. Responding to a
Yahoo Inc shares rallied by as much as 16 percent after the company announced that Jerry Yang will step down as chief executive on hopes his departure will clear the way for
Major world banks showed the strain of economic crisis on Tuesday, with Britain's Barclays altering its fund-raising plans to quell shareholder anger and profits in Japan's largest bank tumbling. Japan's economy minister
Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4 percent on hopes his departure will clear the
U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke came to Capitol Hill on Monday to field questions from leading Democrats on how the $700 billion financial bailout bill is
The yen nudged lower against the dollar but was underpinned by risk aversion on Tuesday as Tokyo shares fell following a drop in U.S. stocks on deepening concerns about a global recession.
Asian stocks fell by up to 5 percent on Tuesday as prospects of a deep global recession and the biggest job cut plan in history at Citigroup doused expectations for a financial
The latest U.S. effort to get more money flowing to consumers assumes that there are plenty of credit-worthy households eager to borrow and spend. That may not be the case. Rising unemployment
