Weak corporate earnings hit European stocks on Tuesday, eclipsing large gains in Japan, while oil rose despite a diminishing threat to U.S. production from Tropical Storm Dolly. The dollar was steady against
Apple Inc said on Monday its current-quarter earnings would be well below Wall Street targets, sending shares of the iPhone, iPod and Macintosh maker down 10%. Apple has a reputation for conservative
XM Satellite Radio Holdings Inc on Monday posted better-than-expected net new subscriptions for the second quarter, lifting its total to about 9.7 mln, and sending shares up more than 6%. In a
American Express Co, a credit card issuer and processing network, reported a steeper-than-expected 38% drop in quarterly profit as it set aside more money to cover credit losses and its shares fell
Mobile phone group Vodafone lowered its outlook for full-year revenue to around the bottom of a previously forecast range due to weak economies and particular pressures in Spain. Vodafone, the world's largest
Telecom equipment maker Ericsson reported better-than-expected second-quarter earnings on Tuesday in a mixed report that analysts said offered tentative signs that the firm is turning a corner. Ericsson, the world's No. 1
More than 1,600 years after it was written in Greek, one of the oldest copies of the Bible will become globally accessible online for the first time this week. From Thursday, sections
Funny or Die, the Will Ferrell-fronted online humor hub, has suffered a death in the family. A sister Web site that once featured the stars of Blue Collar Comedy is being shuttered
Bank examiners from the U.S. Federal Reserve and the Comptroller of the Currency are inspecting the books of mortgage finance companies, Fannie Mae and Freddie Mac, The New York Times reported on
Most Asian stocks traded flat on Tuesday as investors awaited more U.S. corporate results after a landslide of disappointing earnings spread uncertainty about consumer demand, though Japanese shares surged on hopes for
