Citigroup helped Paulson power ahead in 2010
Billionaire investor John Paulson's bet that the economy will rebound paid off handsomely last year when his hedge fund clients earned about $1 billion on his Citigroup Inc stake.
Though DuPont results beat, cost concerns abide
Sales of automobile paint and plastics helped DuPont post a stronger-than-expected quarterly profit, though higher raw material costs raised concern about margin pressure this year.
Corrected: Verizon sees 2011 EPS, revenue up as much as 8 pct
(Corrects references to reflect 2011 EPS growth target of 5-8 percent forecasts overall growth, including items other than iPhone, in headline, second bullet point, paragraphs three,
seven, eight and nine)
IBM To Build Asia’s Largest Cloud Computing Data Center
The company continues expanding its cloud computing services in Asia with plans to build a center in Langfang City.
IRS Releases Refund-Tracking App
The agency joins the ranks of the TSA, FBI, and the Department of Energy - all of which offer smartphone applications.
BlackRock profit jumps 77 percent, tops Street view
BlackRock Inc, the world's largest asset manager, got a boost from hedge fund fees and exchange-traded fund inflows in the fourth quarter, aiding a big jump in profit that topped analysts' estimates.
Intel Hires Black Eyed Peas’ will.i.am
Intel hires Black Eyed Peas' front man will.i.am as director of creative innovation.
Financial crisis panel refers cases to Justice
A bipartisan panel investigating the financial crisis has referred cases of potential wrongdoing by financial industry officials to the Justice Department, a person familiar with the matter said on Tuesday.
Verizon sees 2011 EPS, revenue up as much as 8 percent
Verizon Communications expects revenue to rise as much as 8 percent this year as customers rush to buy more smartphones, particularly Apple Inc's iPhone.
Wall Street falls as blue chips' earnings disappoint
U.S. stocks fell on Tuesday after disappointing profits and outlooks from blue chips such as 3M and Johnson & Johnson prompted investors to pause in the recent rally.
Online paid news service launched by leading newspapers
A personalized news service funded by New York Times Co., Washington Post Co., and Gannett Co launched on Tuesday in an attempt to get readers to pay for online news.
SEC poised to adopt shareholder say-on-pay rules
U.S. securities regulators were poised to adopt say-on-pay rules on Tuesday aimed at empowering shareholders to cast non-binding votes on executive pay, and to propose new rules designed to help regulators police hedge funds for systemic risk.
January consumer confidence hits highest since May
U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
Battery Life Limits Hobble 4G Smartphones
4G may be the future for the next generation of mobile users, but many early adopters of the newest 4G devices wonder if their batteries will last that long.
J&J sales lag after recalls; 2011 view disappoints
Johnson & Johnson reported disappointing quarterly revenue due to plunging U.S. sales of consumer products that continue to be recalled for quality-control lapses, and the diversified healthcare company forecast 2011 earnings below Wall Street expectations.
Yahoo laying off 1 percent of workforce
Yahoo Inc is cutting 1 percent of its global workforce, the company said on Tuesday, the second round of layoffs in six weeks.
MetroPCS challenges new U.S. Internet rules
MetroPCS Communications became the second company to challenge the U.S. Federal Communications Commission's new Internet traffic rules, following Verizon Communications' appeal last week.
Jesse 'The Body' Ventura sues Homeland Security over airport scans
Former Minnesota governor and professional wrestler Jesse Ventura is suing the TSA and Dept. of Homeland Security and for allegedly violating his Fourth Amendment rights.
Instant view: Nov home prices down 5th straight month
U.S. single-family home prices fell for a fifth straight month in November and a double-dip in home prices could be confirmed by spring, a closely watched survey said on Tuesday.
Stocks down on some disappointing blue-chip earnings
U.S. stocks are retreating in mid-day as investors are cautiously awaiting the results of the two-day FOMC meeting, which began today, and the President’s State of the Union Address tonight.
Consumer morale at eight-month high
U.S. consumer confidence rose in January to its highest level in eight months, underscoring the brightening economic outlook, although declining housing prices still cast a cloud on the recovery.
Strong demand for EFSF bond boosts euro confidence
The debut bond from Europe's financial rescue fund attracted robust demand on Tuesday, in the latest sign of confidence the bloc is getting to grips with the debt crisis that has haunted it for over a year.
Android Smartphone To Go Into Orbit
A group at the University of Surrey and Surrey Satellite Technology Limited has developed a satellite containing a smartphone that will be launched into orbit by the end of the year.
J&J sales disappoint, recalls hit consumer brands
Johnson & Johnson's fourth-quarter profit fell, with revenue falling far short of forecasts due to plunging U.S. sales of consumer products that continue to be recalled for quality-control lapses.
New laws and the financial crisis still have investors scared of derivatives
Investor interest in derivatives-based strategies remains cold, as the financial bailout in 2008 and the Dodd-Graham Financial Overhaul Act has kept investors scared.
Weak blue chips halt Wall Street's advance
Stocks fell on Tuesday as disappointing earnings from blue chips such as 3M and Johnson & Johnson prompted investors to pause in the recent rally.
Supermodel Kate Moss buys a mansion for ?8 million
Supermodel Kate Moss has bought a ?8 million historic townhouse in London's Highgate area in the same neighborhood as Jude Law and Sienna Miller.
Parties go opposite ways on Ryan's roadmap
Speculation is simmering as to what, precisely, President Obama will say in tonight’s State of the Union address. The White House has been speaking in general terms about the speech, resulting in opinions flying about what, if anything, he may actually propose.
SEC gives shareholders say-on-pay vote
Shareholders of publicly listed companies will get to weigh in on executive compensation through advisory votes, under a new rule adopted by U.S. securities regulators on Tuesday.
Microsoft: Windows Is Better For Business Than The iPad
The iPad is not good for business; at least according to Microsoft.