BP announced second quarter earnings of 5.3 billion on Tuesday, a stark contrast from last year's second quarter loss of $17.15 billion, behind profits from skyrocketing oil prices.
Google+ says now it will notify users with fake names about the violation before accounts are canceled, so they will have the opportunity to remedy the situation, or tell Google+ it's a mistake.
Supervalu Inc's (SVU.N) quarterly profit topped Wall Streets expectations despite sagging sales as the third-biggest U.S. supermarket chain trimmed expenses in a drive to catch up to rivals.
Gannett, America's largest newspaper chain, is expanding DailyChicken, its daily deals service, in direct competition Groupon and LivingSocial.
McDonald's Corp said on Tuesday it will soon tweak its children's Happy Meals, reducing the french fry portion by more than half and automatically adding apples to the popular meals, after coming under pressure from consumer groups to provide healthier fare.
Wal-Mart is moving Vudu to the company's main Web site, in a bid to directly take on Netflix and other video providers.
Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.
McDonald's will add apples to every Happy Meal in 2012. Fries will drop to just a half serving in Happy Meals.
Ford's near-term success is riding on getting a new UAW contract that controls labor costs for the next four years. If Ford is successful, the company's costs paid for debt will improve with a credit rating upgrade.
Fast food chain to introduce fruit and vegetables for more healthful Happy Meal
Swiss banking giant Credit Suisse may slash up to 2,000 jobs to reduce costs, according to a Swiss newspaper.
Home prices in 20 major U.S. cities rose 1.0 percent in May, Case-Shiller announced Tuesday, as the sector benefited from the arrival of the warmer months -- historically a period when home sales rise. Still, the housing sector remains sluggish, and several more monthly rises will be necessary to conclude that a recovery is underway.
Under Armour's second quarter net income surged 77 percent behind very strong direct-to consumer sales and athletic clothing and footwear sales.
Wal-Mart is moving its streaming video service Vudu to its main Web site, in a move to challenge Netflix.
Ford beat expectations with its second-quarter earnings in profit and revenue, but the company's profit slipped from one year ago due to higher costs.
Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.
Texas Instruments Inc gave a lukewarm outlook for the current quarter, suggesting that back-to-school sales of computers and other consumer electronics would be weaker than normal.
The mortgage broking industry must attract new entrants or risk cannibalising itself, Vow CEO Tim Brown has commented.
The dollar slumped to a record low against the Swiss franc and a four-month trough versus the yen on Monday, with more losses seen if U.S. lawmakers fail to compromise on a deficit reduction plan.
Netflix short-sellers gained a measure of redemption Monday as the company missed on revenue expectations with its second quarter earnings report and the stock dropped more than eight percent in after-hours trading.
President Barack Obama, taking a combative tone in a standoff with congressional Republicans over the U.S. debt, said the country cannot deal with its budget problems through spending cuts alone.
Many U.S. airlines raised fares in recent days to take advantage of a drop-off in U.S. ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.
More than 100 oil workers and contractors hired by Mexico's state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the past decade, a document obtained by Reuters shows.
Room rental service Airbnb has steadily gained in popularity, but still hasn't worked out all the kinks in its service. IBTimes takes a look at five of the biggest reasons to be weary using Airbnb.
Ivory Coast restarted negotiations with financers and France's Bouygues on Monday to build a third bridge over Abidjan's main lagoon to ease congestion, 15 years after the project was first mooted.
The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.
BP would be wise to consider splitting its operations, as ConcoPhillips and Marathon Oil recently have, to possibly gain back up to 100 billion in value, according to an analyst.
Kansas City Federal Reserve President Thomas Hoenig said the Fed should raise interest rates that are near zero to avoid economic imbalances and asset price bubbles.