COMPANIES

Baker Hughes Inc (NYSE: BHI), one of the world's largest oil services companies, is expected to report a slight decrease in profit for the second quarter on weakness in the company's North American business.

Madison Square Garden Company (Nasdaq: MSG) shares appeared unaffected Wednesday by Jeremy Lin's departure, despite considerable hype surrounding the former New York Knicks point guard's economic boost to the company's bottom line.

Odyssey Marine Exploration Incorporated (NasdaqCM: OMEX), a deep-ocean exploration company, said Wednesday it found 48 tons of silver bullion, worth some $38 million, on the floor of the Atlantic Ocean some 300 miles off the coast of Ireland.

Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are heading to market again.

Tesla Motors Inc. (Nasdaq: TSLA) received mixed ratings from analysts on Wednesday as Wunderlich downgraded shares of the electric car manufacturer to sell while Jefferies Group and Maxim Group reaffirmed their buy rating on the company despite reports of delayed Model S deliveries.

English soccer power Manchester United is the world's most valuable team, worth an estimated $2.23 billion, according to Forbes.

Despite warning that third-quarter revenue will be below expectations, shares of Intel (Nasdaq: INTC), the No. 1 chipmaker, rose more than 3 percent in Wednesday trading.

Two months after CEO Tim Cook promised Apple would do better at plugging its leaks, Apple's product pipeline couldn't be more transparent. We have a pretty good idea of what the next iPhone will feature, and when it will launch. We also know details about the not-so-obvious products in the Apple pipeline; we know the general size of the heavily-rumored iPad Mini, and we know Apple likely has a TV in the works. What happened to the tradition of secrecy?

Bank of America's second-quarter earnings reversed a year-earlier loss and beat analyst expectations on higher mortgage income, improved credit quality and the absence of good will impairment charges.

Heating up the so-called smartphone patent war, HTC has filed two counterclaims against Apple in the Southern District of Florida, claiming that the iPhone-maker has infringed on two HP patents it acquired in December last year.

Banking on software, services and cost controls, International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, is expected to report improved second-quarter earnings despite a decline in revenue.

Intel (Nasdaq: INTC), the No. 1 chipmaker, Tuesday reported decent second-quarter financials but spooked investors and Silicon Valley with the dreaded news: third-quarter sales will be worse than expected.

It seems as though the world if retail is hitting some mid-year skids, leaving market watchers wondering if they already need to write of the second-most important sales season of the year: Back to school.

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, said it had acquired private Virtuata, a two-year-old specialist in cloud computing and security.

The New York Knicks have decided that Jeremy Lin's three-year, $25 million contract offer from the Houston Rockets is too rich for them and will let the talented point guard walk, according to multiple reports.

Goldman Sachs (NYSE: GS) booked a 11 percent drop in its second-quarter earnings as revenue from investment banking and lending businesses declined, the New York investment bank said Tuesday.

After the formal announcement Monday that Marissa Mayer had been elected the new CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine, the new executive announced she was pregnant.

Tata Motors Ltd. (Bombay: 500570) is looking to its UK luxury car unit, Jaguar Land Rover, to drive global sales growth particularly in emerging markets like Brazil by shifting production of the Freelander out of the UK to free up assembly line space for the popular premium model, the Range Rover Evoque.

Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, said Tuesday that its second-quarter net income fell by half due to lower sales, litigation charges and unfavorable currency conditions. Johnson & Johnson also lowered its 2012 profit forecast.

Bank of America Corp. (NYSE:BAC), the troubled financial behemoth that teetered just above the abyss during the last few weeks of 2011 and has since made somewhat of a recovery, is expected to swing to profit when it reports quarterly financial results Wednesday morning.

When Intel (Nasdaq: INTC), the No. 1 chipmaker, reports second-quarter results after the market closes on Tuesday, the real numbers investors may await are those in the company's forecast rather than the actual results.

Moody's Investors Service is downgrading the credit ratings for 13 Italian banks three days after cutting the Italian government's bond rating.

United customers staged a rebellion in a Shanghai airport after their flight was cancelled again and again. After being scheduled to leave China on Wednesday, customers finally landed in Newark, New Jersey on Saturday morning. Passengers pulled a customer service representative across the counter by his tie.

Ford Motor Company (NYSE: F) joined Toyota in recalling cars because the carpeting got in the way. Ford is recalling 8,266 brand new 2013 Escape cars because the carpet can get in the way and make it hard to put on the brakes.

Boxer Floyd Mayweather, who is currently serving a jail sentence for domestic assault, topped Sports Illustrated's list of the 50 highest-paid American athletes for 2012.

Microsoft (Nasdaq: MSFT), the world's biggest software company, announced a revamp of its Office application, which is designed to operate with the company’s Windows 8 OS.

Chances are you’ve generated some revenue for Active Network (Nasdaq: ACTV), the San Diego-based cloud computer services software developer without knowing it.

The chief executive of New York-based Citigroup Inc. (NYSE:C) had a surprisingly confident outlook for his bank's future business prospects during a conference call with analysts Monday.

The world's largest software maker announced late Sunday that it is pulling out of its partnership with MSNBC.com, a move that will allow the company to build its own online news service at a time when more and more consumers are finding their news online.