IBT Staff Reporter

Cell phone chip supplier Qualcomm Inc flipped to a loss for its fiscal second quarter, hurt by investment losses and hefty costs related to its legal settlement with arch-rival Broadcom Corp .

Apr 27, 2009

Whirlpool Corp , the world's biggest appliance maker, reported a lower quarterly profit on Monday as sales fell in the global slowdown.

Apr 27, 2009

Verizon Communications posted a 12 percent increase in revenue on Monday, helped by its purchase of smaller rival Alltel and growth in cell phone customers.

Apr 27, 2009

Stock futures pointed to a more than 1 percent drop at the open on Monday as investors worried that a possible global flu outbreak could throw a wrench into the economy's ability to climb out of a recession.

Apr 27, 2009

Stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.

Apr 27, 2009

Anheuser-Busch InBev has picked private equity firm Kohlberg Kravis Roberts & Co as preferred buyer of South Korea's Oriental Brewery , a company official said on Monday, confirming a report.

Apr 27, 2009

Fears that any tentative green shoots in the global economy could be trampled by a deadly outbreak of swine flu put markets on edge on Monday, after world policymakers said over the weekend that a recovery could begin later this year but plenty of downside risk remained.

Apr 27, 2009

Societe Generale denied on Monday a newspaper report that it wrote down 5 billion euros ($6.6 billion) in assets last year as a result of trading at a unit and was left with a similar amount of toxic products.

Apr 27, 2009

U.S. stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.

Apr 27, 2009

The threat of a pandemic triggered by a new 'flu strain that has killed 103 people in Mexico will provide a windfall for some makers of drugs and vaccines.

Apr 27, 2009

U.S. stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.

Apr 27, 2009

Oil prices fell more than 4 percent toward $49 a barrel on Monday, pressured by fears of a global flu pandemic that could prove another setback for the fragile world economy.

Apr 27, 2009

World stocks tumbled on Monday, after seven weeks of gains, and oil and the euro fell as concerns intensified the spread of swine flu, which has killed more than 100 people in Mexico, would hit the global economy.

Apr 27, 2009

American International Group Inc has received second-round bids from three groups for its aircraft leasing business, valuing the unit at under $5 billion, a source familiar with the matter said on Monday.

Apr 27, 2009

Asian stocks fell about 2 percent on Monday as the outbreak of swine flu in North America hurt shares of airlines while prompting some market players to trim risky positions, hitting currencies such as the Australian dollar.

Apr 27, 2009

Bank of America Corp made inaccurate statements about its role in the bonuses and losses at Merrill Lynch & Co, former Merrill Lynch & Co Chief Executive John Thain told the Wall Street Journal in an interview.

Apr 27, 2009

Apple has been lost and found guilty on a patent infringement against a case filed by Palo Alto, CA based OPTi Inc in Texas.

Apr 27, 2009

Yahoo Inc announced that its going to shutdown GeoCities a free website-design service which the firm purchased for $3-billion in 1999.

Apr 27, 2009

U.S. stocks may run into some turbulence this week as the impending release of bank stress test results, a Federal Reserve meeting and a flood of earnings give investors reasons for caution.

Apr 27, 2009

Microsoft has confirmed Friday the release candidate of the near-final version of Windows 7 beginning next week April 30.

Apr 27, 2009

An American journalist jailed in Iran convicted of spying has gone on a hunger strike for the fifth day to protest her imprisonment, her father said Saturday.

Apr 27, 2009

Italy’s one of the most notorious organized crime syndicates knows as Mafia Inc. are thriving during the world economy crisis, investigators say.

Apr 27, 2009

Internet social media company Facebook plans to allow outside developers access to core parts of the website so they can build new services, a person familiar with the situation said.

Apr 27, 2009

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain on fears of a global flu pandemic that could give the world economy another knock.

Apr 27, 2009

Fears of a global swine flu pandemic grew with new infections in the United States and Canada on Sunday, and millions of Mexicans

Apr 27, 2009

Qualcomm Inc agreed to pay Broadcom Corp $891 million over four years as part of an overall settlement on Sunday that ends all litigation between the two companies.

Apr 26, 2009

The Northern state of Somalia has jailed nine Somali pirates for 15 to 20 years by a court in the breakaway northern state of Somaliland, an official said on Sunday, the AFP reported.

Apr 26, 2009

General Motors Corp is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said on Sunday.

Apr 26, 2009

The Swine flu that hit Mexico has now hit the U.S. and there are more than 20 reported cases.

Apr 26, 2009