Johnson & Johnson on Tuesday said its quarterly earnings fell, hurt by generic competition for its Risperdal schizophrenia drug and the strong dollar, but lower costs enabled the company to beat Wall Street expectations
Johnson & Johnson on Tuesday said its quarterly earnings fell, hurt by generic competition for its Risperdal schizophrenia drug and the strong dollar, but lower costs enabled the company to beat Wall Street expectations
Sales at U.S. retailers unexpectedly fell in March, snapping two months of increases, as motor vehicle and electronic good purchases declined, according to a government report on Tuesday that indicated subdued consumer spending amid rising unemployment.
Abound Solar, a U.S. solar startup whose top rival is low-cost industry leader First Solar Inc, starts production at its first factory on Tuesday, promising that it will lead the way to making solar competitive with power from dirtier sources.
U.S. producer prices fell unexpectedly in March and also notched the largest year-over-year decline since 1950 as energy prices slipped, government data on Tuesday showed.
The threat of tougher regulation from the U.S. Environmental Protection Agency should ease industrial opposition to a cap-and-trade market on greenhouse gases, a U.S. lawmaker said on Monday.
Corn ethanol's future is already muddied by concerns that it requires a substantial amount of energy to produce and that heightened demand makes corn more costly in human food and livestock feed. Now, with climate change concerns mounting and drought becoming more of a problem in many areas, the water-intensive nature of creating ethanol also is a growing concern.
Stock index futures pointed to a flat to higher open on Tuesday as strong earnings from Goldman Sachs lifted bank shares and, Johnson & Johnson results were slightly above forecast, while investors awaited U.S. retail sales for March.
Oil rose above $50 a barrel on Tuesday, recovering after an earlier fall, as a stock market rally countered the impact of weakening global oil demand and forecasts for rising U.S. supplies.
Stock index futures pointed to a flat open on Tuesday as strong earnings from Goldman Sachs lifted bank shares and investors awaited the latest news on the consumer from Johnson & Johnson results and U.S. retail sales for March.
Goldman Sachs Group Inc may succeed in its bid to pay back U.S. taxpayer money with the help of a $5 billion common share sale, but it may still not get the freedom it wants from intense public scrutiny.
Swiss bank UBS is cutting 3 percent of its Asia-Pacific staff, in what banking sources said was part of a fresh round of global job cuts at the crisis-hit bank.
Cisco Systems Inc plans to set up a research center in South Korea and invest or lend $500 million in the country's technology and telecom sectors, the Korean presidential office said on Tuesday.
Futures for the S&P 500 and the Nasdaq 100 were up 0.05 percent and 0.2 percent, respectively, at 5:47 a.m. EDT, while futures for the Dow Jones industrial average were down 0.2 percent.
Dallas Federal Reserve President Richard Fisher said on Tuesday China would not do anything to harm U.S. interests such as dumping Treasuries, adding that solid capital returns support the dollar's attractiveness.
Dallas Federal Reserve President Richard Fisher said on Tuesday that China would not do anything to hurt U.S. interests because the fate of the two economic giants was closely entwined.
World stocks rose toward a three-month high on Tuesday after strong earnings from Goldman Sachs , while jitters about other corporate earnings kept government bonds and the low-yielding yen on a firm footing. Goldman surprised investors by posting a much higher than expected first-quarter profit and said it planned a $5 billion common share sale to pay back government funds. Other bank...
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, but plenty of concerns about the global economy still remain.
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
Ford Motors shares were raise Monday after it planned to restructure its debt by 38 percent or $9.9 billion to bolster up its finance despite economic downturn and low demand.
Boeing Co. shares fell more than 5 percent Monday, after a plan to cut its production schedule for 2010 due to the economic downturn and lower price demand, is likely just the beginning of a long downturn.
Chrysler's creditors plan to make a counteroffer to the U.S. Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat SpA in exchange for concessions, the Wall Street Journal reported, citing people familiar with the matter.
