IBT Staff Reporter

90901-90930 (out of 154943)

Stocks dinged by consumer data

The S&P snapped a three-day winning streak on Tuesday after mixed earnings reports and a fall in consumer confidence, but analysts said U.S. stocks were taking a breather and the rally could pick back up.

Winemakers shun social media grapevine

More than 80 percent of the 532 French winemakers surveyed by online marketing company mysocialwinery.com said they did not blog or use Facebook, Twitter or other websites that allow consumers to comment, recommend, track or question wine producers.

Home vacancies fall in Q2 but rentals steady

The rate of vacancies for homes slipped slightly in the second quarter, a government report showed on Tuesday, but it was not enough to promise improvement in the hard-hit housing market.

Lexmark profit boosted by supplies sales

Lexmark International Inc posted a higher-than-expected quarterly profit on Tuesday on strong sales of printers and supplies, and as improved demand for services helped beef up margins.

BP's ousted chief won't testify to Senate

BP Plc's ousted chief executive, Tony Hayward, will not testify to a Senate committee examining whether the oil giant influenced the release of the Lockerbie bomber, Senator Robert Menendez said on Tuesday.

Toyota pushes back U.S. Prius production by years

Toyota Motor Corp has pushed back plans to build its Prius in the United States by as much as six years, with a top executive saying U.S. production is likely to start only when the best-selling hybrid is remodeled.

U.S. local govts warn: More jobs will be axed

Local government revenue has dwindled so severely that U.S. cities and counties will have to cut hundreds of thousands of jobs in the coming months, leaving communities without basic services and pressuring jobless rates.

Daimler now sees $7.8 billion 2010 operating profit

Daimler expects rising demand for its most expensive Mercedes-Benz models to drive operating profit to 6 billion euros ($7.8 billion) in 2010, its best result since the auto industry boom that peaked three years ago.

Apple refreshes Mac desktops

Apple Inc updated its line of desktop computers on Tuesday with the latest-generation chips, as the company continues to gain share in the PC market.

Consumer confidence dims as home prices climb

Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery.

BP launches image overhaul, ditches CEO

BP Plc's newly named chief executive on Tuesday called the Gulf oil spill a wake-up call for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.

DuPont boosts 2010 forecast

DuPont forecast 2010 earnings well above expectations on Tuesday, sending its shares up 4.1 percent, as the rebounding global economy continued to fuel the company's recovery.

BP says Hayward won't testify at hearing: Menendez

BP has said that outgoing chief executive Tony Hayward will not testify at a U.S. Senate hearing examining whether the British oil giant influenced the release of the Lockerbie bomber, the office of Senator Robert Menendez said on Tuesday.

Office Depot quarterly loss narrows

Office Depot Inc reported a smaller-than-expected quarterly loss on lower distribution costs and other expense controls, sending shares of the No. 2 U.S. office supplies retailer up 8 percent.

Japan's JFE and U.S. Steel give gloomy outlook

Japan's JFE Holdings , the world's fifth-largest steelmaker, returned to a profit on Tuesday and U.S. Steel posted a narrower loss, but both gave lackluster forecasts, with the Americans complaining of slower order rates.

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