Business
Wall Street set for lower open on commodity weakness
Reuters – 12 mins agoNEW YORK (Reuters) – U.S. stocks were poised for a lower open on Tuesday as a move higher in the dollar pressured commodity prices and investors weighed the potential for some consolidation in equities after a recent run-up. Full Story »
Pfizer drugs wilt, lower-margin units shine
Reuters – 28 mins agoBusiness Slideshows
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Sony's Stringer under fire as 25 million more accounts
Reuters – 39 mins agoTOKYO/NEW YORK (Reuters) - Sony CEO Howard Stringer faced harsh criticism of his leadership after the consumer electronics conglomerate revealed hackers may have stolen the data of another 25 million accounts in a second massive security breach. Full Story »
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Clorox results and outlook disappoint
Reuters – 12 mins agoNEW YORK (Reuters) - Clorox Co posted disappointing quarterly results and narrowed its full-year outlook on Tuesday, hurt by rising packaging costs, and the consumer products maker's shares fell 3 percent premarket. Full Story »
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US stocks open higher after Bin Laden killed
AFP – Mon May 2, 10:12 am ETNEW YORK (AFP) - US stock markets opened strongly higher Monday after Navy SEALs killed Al-Qaeda chief Osama bin Laden in a secret mission in Pakistan. Full Story »
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Business events scheduled for Tuesday
AP – Mon May 2, 1:24 pm ETMajor business events and economic events scheduled for Tuesday: Full Story »
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Beazer Homes posts a loss in fiscal 2Q
AP – 3 mins agoATLANTA - Beazer Homes USA Inc. lost $54.6 million in its fiscal second quarter, weighed down by falling home values and rising foreclosures in the Las Vegas market. The homebuilder, which reported a decline in new orders and closings, also said it cut about 130 jobs. Full Story »
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EU official sees Portugal deal in coming days
AP – Mon May 2, 12:02 pm ETBRUSSELS - A preliminary deal on an international bailout for Portugal is likely to be announced in the coming days, a European Union official said Monday. Full Story »
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Thornburg trustee sues big banks for $2.2 billion
Reuters – Mon May 2, 9:03 pm ETWILMINGTON, Delaware (Reuters) - The trustee for bankrupt Thornburg Mortgage Inc has sued Goldman Sachs, Barclays and other big banks for a combined $2.2 billion, blaming them for the former home loan company's bankruptcy. Full Story »
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Saab reprieved with cash and keys in China
AFP – 1 hr 12 mins agoSTOCKHOLM (AFP) - Dutch auto minnow Spyker revealed on Tuesday a deal with Chinese carmaker Hawtai to pump 150 million euros ($221 million dollars) into stricken Saab, hoping this will be a key to sales in China Full Story »
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Sears shareholders to hear new CEO's sales plan
AP – Tue May 3, 6:13 am ETHOFFMAN ESTATES, Ill. - Sears' new CEO faces shareholders Tuesday to detail what plans he has to revive sales at the long-struggling retailer. Full Story »
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Ally profit falls as mortgages weaken
Reuters – 10 mins agoNEW YORK (Reuters) - Ally Financial Inc, the former General Motors Acceptance Corp, posted lower quarterly profit, hurt by bad mortgages made before the housing crisis. Full Story »
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Brent oil dips below $124 as dollar rises
Reuters – 1 hr 30 mins agoLONDON (Reuters) - Brent crude oil dipped below $124 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of al Qaeda leader Osama bin Laden's death. Full Story »
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Pfizer 1Q net up 10 percent on lower costs, taxes
AP – 11 mins agoDrugmaker Pfizer Inc. said Tuesday its first-quarter profit rose 10 percent, despite flat revenue, due to lower costs for production and research and a smaller tax bill. Full Story »
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Nissan wins NYC taxi contract: Daily News
Reuters – 12 mins agoNEW YORK (Reuters) - Japan's Nissan Motor Co Ltd won New York City's 10-year contract to build the next generation of taxis for the city, a deal estimated to be worth more than $1 billion, the New York Daily News reported on Tuesday, citing unnamed sources. Full Story »
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World News
Embarrassed Pakistan says excluded from bin Laden raid
Reuters – 2 hrs 12 mins agoPakistan's president acknowledged for the first time on Tuesday that his security forces were left out of a U.S. operation to kill Osama bin Laden, but he did little to dispel questions over how the al Qaeda leader was able to live in comfort near Islamabad. Full Story »
Technology News
Bin Laden story shows changing media nature
AP – 28 mins agoA soldier in Afghanistan learned about the death of Osama bin Laden on Facebook. A TV producer in South Carolina got a tip from comedian Kathy Griffin on Twitter. A blues musician in Denver received an email alert from The New York Times. And a Kansas woman found out as she absently scrolled through the Internet on her smartphone while walking her dog. Full Story »
Science News
Study: Ancient 'Nutcracker Man' really ate grass
AP – Mon May 2, 7:12 pm ETNutcracker Man didn't eat nuts after all. After a half-century of referring to an ancient pre-human as "Nutcracker Man" because of his large teeth and powerful jaw, scientists now conclude that he actually chewed grasses instead. Full Story »
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- San Jose students worry about fallout from U.S. raid, wonder about public jubilation San Jose Mercury News – Tue May 3, 2:19 am ET
- Views on bin Laden's death reflect a generation gap San Jose Mercury News – Tue May 3, 12:05 am ET
- Fungus killing frogs, S.F. State scientists find San Francisco Chronicle – 52 mins ago
- Smoky fire at asphalt plant in Redwood City San Francisco Chronicle – Tue May 3, 3:40 am ET
- Cuts in day care for adults are forcing more into nursing homes The Sunnyvale Sun – Sun May 1, 3:16 am ET
- Workers begin dismantling Moffett Field's historic Hangar One The Sunnyvale Sun – Thu Apr 28, 11:48 pm ET