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Business News |
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Apple unveils redesigned iMac
CUPERTINO, California (Reuters) - Apple Inc. unveiled a line of slimmer desktop computers on Tuesday in a long-expected update of its iMac brand, positioning it for the back-to-school and ...
UK stops Facebook ads, wants safeguards
LONDON (Reuters) - The British government has halted its advertising on the social networking Web site Facebook over concerns about how its ads are displayed, its communication arm said in ...
Productivity growth weak, inflation risk seen
WASHINGTON (Reuters) - Productivity climbed at a slower-than-expected pace in the second quarter and has gained only slightly over the past year, keeping alive the risk that rising wages ...
MGIC says may not be obligated to Radian buy
NEW YORK (Reuters) - MGIC Investment Corp , the largest independent mortgage insurer, said on Tuesday its management has made a preliminary assessment that it is not obligated to complete ...
Wall St rises on Fed view in wild day, Cisco up late
NEW YORK (Reuters) - Stocks rose on Tuesday after the Federal Reserve said it still saw moderate economic growth ahead even though credit conditions have tightened for some consumers and ...
American Home Mortgage gets bankruptcy court OK
WILMINGTON, Delaware (Reuters) - American Home Mortgage Corp got bankruptcy court approval on Tuesday for debtor-in-possession financing to pay salaries and other costs as it shuts most ...
Mortgage mess spreads, creates bargains
NEW YORK (Reuters) - The near collapse of subprime loans has sent aftershocks into the broader mortgage market, pressuring some companies to quit or curtail their lending.
Jury convicts Brocade ex-CEO in options trial
SAN FRANCISCO (Reuters) - A U.S. jury convicted the former chief executive of Brocade Communications Systems Inc on Tuesday on all counts in the government's first criminal trial of ...
Cisco quarterly profit, outlook top expectations
NEW YORK (Reuters) - Cisco Systems Inc reported a better-than-expected quarterly profit and outlook on Tuesday citing strong demand from telecoms carriers for advanced network equipment ...
Apple says iPhone battery life longer than expected
NEW YORK (Reuters) - Apple Inc.'s iPhone will have a longer-lasting battery than it originally expected, exceeding those in rival phones, the company said on Monday.
Marvel in deal with Fruit of the Loom, Crocs
(Reuters) - Now it is Spider-Man and the Incredible Hulk's turn to appear on children's footwear and underwear.
Alcoa stock hits 6-year high
NEW YORK (Reuters) - Alcoa Inc.'s shares jumped nearly 3 percent to a six-year-high on Monday on renewed speculation that mining giant BHP Billiton Ltd. has revived plans for a $40 ...
Wall Street droops as oil tops $69 a barrel
NEW YORK (Reuters) - Stocks slipped on Monday as oil climbed toward a 10-month high near $70 a barrel, taking a toll on energy-dependent sectors, while more worrisome data from the housing ...
AT&T; files FCC access complaint against Cablevision
WASHINGTON (Reuters) - AT&T; Corp. said on Monday it filed a U.S. regulatory complaint that Cablevision Systems Corp. was improperly withholding regional sports programming that AT&T; must ...
Wendy's to consider sale
PHILADELPHIA (Reuters) - Hamburger chain Wendy's International Inc. on Monday slashed its 2007 earnings forecast and said it would explore a possible sale of the company instead of other ...
Home builder index lowest since 1991: NAHB
NEW YORK (Reuters) - Sentiment among U.S. home builders slid in June to the lowest level in more than 16 years as tighter lender practices and rising mortgage rates crimped sales, the ...
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