International power company AES Corp. said Monday that its second-quarter net income fell 19.5 percent on lower contributions from its operations in Chile and Brazil.
When Angelo Amato, a former Nokia Oyj customer, went to get a new smartphone at an AT&T Inc. store in Manhattan last week, he never got a chance to even see the Finnish company’s models. The shop didn’t have any of Nokia’s nine-month-old Lumia line on display, and the salesman didn’t mention it as an option.
The most noteworthy thing about Parrot’s new Zik over-the-ear stereo headphones isn’t the sound. It’s that these babies are stuffed with more technology than an F-15.
Tyson Foods, the nation's biggest meat company, said Monday its fiscal third-quarter net income dropped 61 percent, pulled down by hefty debt-related charges and lower U.S. consumer demand for chicken and beef.
Aug. 6 (Bloomberg) -- Leap Wireless International Inc. shares fell as much as 18 percent in late trading after net customer losses almost tripled to 289,270 last quarter, a sign the company is struggling to keep up with larger carriers.
Banks are lending the most since the recession ended in June 2009, supporting an economy weighed down by 8.3 percent unemployment.
Stocks rose, sending the Standard & Poor’s 500 Index to a three-month high, as German Chancellor Angela Merkel’s government backed the European Central Bank’s bond-buying plan and earnings beat forecasts.
Mortgage closing costs in the United States declined in the past year as lenders competed to attract qualified borrowers, Bankrate Inc. said.
This fall San Franciscans will vote on a local measure with national implications: It could return to the American people a flooded gorge described as the twin of breathtaking Yosemite Valley.
U.S. stocks edged higher on a day marked by uncharacteristic quiet following a turbulent week.
Oil rose above $92 per barrel for the first time in more than two weeks on Monday.
Aug. 6 (Bloomberg) -- Oil advanced to a two-week high as U.S. stocks gained and as German Chancellor Angela Merkel’s government backed the European Central Bank’s bond-buying plan, adding to optimism that the region’s debt crisis will ease.
Isis Pharmaceuticals Inc. said Monday its second-quarter loss narrowed, helped by a $25 million milestone payment from its development partner.
The opening ceremony of the London Olympics showed us the Internet’s history by honoring Tim Berners-Lee, the inventor of the World Wide Web, and featuring a display of his live Twitter post: “This is for everyone.”
Sean Duffy and Chip Cravaack are the emblematic politicians of the 2010 congressional elections: tea party-backed Republicans who won in heavily Democratic districts and succeeded two of the most powerful figures in the U.S. House of Representatives.
Knight Capital Group, the trading firm responsible for last week's stock market mayhem, avoided collapse by lining up a $400 million lifeline from a group of other Wall Street companies Monday morning.
Aug. 6 (Bloomberg) -- Knight Capital Group Inc. faced too much bankruptcy risk to make its share price the top priority as it negotiated a rescue, according to Thomas Joyce, the chairman and chief executive officer.
Aug. 6 (Bloomberg) -- Oil slid from the highest close in two weeks in New York amid speculation that its biggest gain in more than a month was excessive. Tropical Storm Ernesto slowed as it headed westward in the Caribbean.
Trading on Madrid's stock exchange has resumed after a five-hour blackout that was blamed on a technical glitch.
Financial markets remained in a buoyant mood Monday by figures showing the U.S. economy generated a greater than expected amount of jobs in July and by a growing belief that the European Central Bank could do more in the months ahead to contain the continent's debt crisis.
The investment arm of General Motors Co. is sinking an undisclosed amount of money into a company that is developing high-strength steel that's lighter than current steel.
The euro hit a one-month high against the dollar after a stronger-than-expected U.S. jobs report last week.
The government says it expects to receive $750 million from the latest sale of stock held in American International Group. The sales are part of an effort to recoup taxpayer money from the largest bailout of the 2008 financial crisis.
Aug. 6 (Bloomberg) -- The record heat wave and drought tormenting much of the U.S. is part of a “new extreme category” of weather that is most likely the result of global warming, a top U.S. government climate scientist said.
Ceragon Networks Ltd., which makes equipment for wireless networks, said Monday that its second-quarter loss narrowed to $1 million as revenue rose 8 percent.
Moody's Investors Service is reviewing Sony Corp.'s credit ratings for a possible downgrade because of worries about weak consumer spending, and Sony's ability to adapt to rapid developments in consumer electronics.
Aug. 6 (Bloomberg) -- Spyker NV, the Dutch owner of the Saab brand of cars, sued General Motors Co. in the U.S. for $3 billion over claims it sought to drive the company into bankruptcy by avoiding competition in the Chinese market.
Maine officials are hoping for a resolution to a simmering dispute in New Brunswick after Canadian lobstermen blocked shipments of low-priced Maine lobsters to processing plants in their country.
Aug. 6 (Bloomberg) -- An industrial designer testifying for Apple Inc. in its multibillion-dollar trial against Samsung Electronics Co. said the South Korean company copied patented technology for smartphones and tablet computers.
Aug. 6 (Bloomberg) -- Caesars Entertainment Corp., the largest owner of U.S. casinos, reported a net loss for the second quarter that was double what analysts estimated.
Aug. 6 (Bloomberg) -- NYSE Euronext temporarily assigned responsibility for 680 stocks that Knight Capital Group Inc. handles as a primary market maker to Getco LLC so the broker could focus on shoring up its finances after incurring a $440 million trading loss on Aug. 1.
Shares of Crumbs Bake Shop Inc. got a shot of caffeine in after-hours trading Monday after the company said it struck a deal to serve Starbucks coffees and teas at it bakeries.
Aug. 6 (Bloomberg) -- JPMorgan Chase & Co. faulted a plan by the trustee liquidating Peregrine Financial Group Inc. to request customer documents directly from Chief Executive Officer James Dimon, saying it was “inefficient and unnecessary.”
Shares of BroadSoft Inc. soared 21 percent in after-hours trading Monday as the communications software company reported better second-quarter earnings than management and analysts expected.
The Warnaco Group Inc. reported Monday that its second-quarter profit fell, but it beat Wall Street expectations as strong sales in Asia and Latin America offset weakness in Europe and the U.S. The clothing company also lowered its full-year earnings forecast.
Pfizer Inc. and Johnson & Johnson said Monday they are ending development of a once-promising drug designed to treat Alzheimer's disease after the treatment failed in two late-stage clinical trials.
Aug. 6 (Bloomberg) -- Qualcomm Inc. named former Intel Corp. executive Anand Chandrasekher as its chief marketing officer, aiming to benefit from his experience as the company pushes deeper into the personal-computer market.
Aug. 6 (Bloomberg) -- Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, said Sherry Liu, chief executive officer of its China operations, quit after less than two years at the firm.
Aug. 6 (Bloomberg) -- U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will extend its rally after last week reaching the highest level since May.
Aug. 6 (Bloomberg) -- Treasuries were little changed as the U.S. prepares to auction $32 billion in three-year debt tomorrow, the first of three sales of notes and bonds this week totaling $72 billion.
Aug. 6 (Bloomberg) -- A benchmark gauge of U.S. corporate debt risk dropped to about a 13-week low as Greece and its international creditors agreed on the need to step up policy efforts to support the economy.
Aug. 6 (Bloomberg) -- Savient Pharmaceuticals Inc., the developer of a treatment for gout, adopted a shareholder rights plan to fend off a possible hostile takeover by the company’s creditors.
A financial prosecutor in Greece has ordered an investigation into the alleged transfer of (euro) 8 million ($9.9 million) out of the country by a former senior official at a newly-privatized bank.
Federal Reserve Chairman Ben Bernanke says data that show the U.S. economy in recovery doesn't fully capture the tough times felt by many.
Kosmos Energy Ltd. reported a smaller-than-expected second-quarter loss on Monday as it announced that production at a field off the shores of Ghana has improved.
Cognizant Technology Solutions Corp.'s net income rose 21 percent in its second quarter as revenue improved on better demand for its services.
Best Buy's co-founder is looking to make a buy of his own, offering to take the electronics seller private only months after leaving as the company's chairman following a scandal involving its CEO.
JPMorgan Chase Co. on Monday appointed a new head to its credit and debit cards division.
Aug. 6 (Bloomberg) -- Redwood Trust Inc., the dominant issuer of home-loan securities without government backing since the financial crisis, plans to jump into the market backed by taxpayer-supported Fannie Mae and Freddie Mac.
Aug. 7 (Bloomberg) -- Sales of Australian hotels to offshore buyers set a record in the first half as Asian companies including Shangri-La Asia Ltd., Starhill Real Estate Investment Trust and Langham Hospitality Group were lured by rising occupancy and room rates.
Aug. 6 (Bloomberg) -- Apple Inc. called an industrial designer to testify at the start of its second week of its multibillion-dollar patent-infringement trial against Samsung Electronics Co.
A high profile British lawmaker says she is quitting the House of Commons to move to the United States with her family.
Maj. Ignacy Skowron, the last known survivor of World War II's Battle of Westerplatte, has died. He was 97.
A trio of female firsts and three former GOP presidential contenders are among the first speakers disclosed for the Republican National Convention at the end of the month in Tampa, Fla.
For the third straight month, President Barack Obama and the Democratic Party significantly trailed Republican presidential candidate Mitt Romney and the Republican Party in fundraising.
Aug. 6 (Bloomberg) -- European Central Bank President Mario Draghi has been making pronouncements that many have interpreted as positive for the future of the euro.
Aug. 6 (Bloomberg) -- The remarkably ironic pronouncement from Sandy Weill that the U.S. should resurrect some form of the Glass-Steagall Act -- which he worked assiduously to tear asunder in the 1990s as he created Citigroup Inc. -- has touched off another a debate about how to control the worst instincts on Wall Street.