IBT Staff Reporter

S&P 500 stock index futures were slightly lower on Tuesday as investors digested Goldman Sachs's plan to issue equity after strong earnings, and prepared for Johnson & Johnson results and economic data.

Apr 14, 2009

Dutch Philips Electronics NV said on Tuesday it would accelerate restructuring measures in the second quarter after its first-quarter results swung to a loss and missed analyst expectations.

Apr 14, 2009

Qantas Airways Ltd forecast on Tuesday its first second-half loss in six years and unveiled capacity and job cuts as Australia's biggest airline battles a slump in passenger demand and rising competition.

Apr 14, 2009

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.

Apr 14, 2009

Cisco Systems Inc plans to invest or lend about $500 million in telecom operators and technology infrastructure in South Korea over the next five years, the country's presidential office said on Tuesday.

Apr 14, 2009

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.

Apr 14, 2009

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.

Apr 14, 2009

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

Apr 14, 2009

Swiss bank UBS said it will cut 240 jobs in Asia-Pacific to cut costs, as Asian economies slow in a global financial crisis.

Apr 14, 2009

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.

Apr 14, 2009

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

Apr 14, 2009

Qantas Airways Ltd forecast on Tuesday its first second-half loss in six years and unveiled capacity and job cuts as Australia's biggest airline battles a slump in passenger demand and rising competition.

Apr 14, 2009

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...

Apr 14, 2009

UBS , the world's biggest banker for the rich, will cut 240 jobs in Asia-Pacific across all business lines as part of a global cost cutting exercise, the bank said on Tuesday.

Apr 14, 2009

Dutch Philips Electronics NV said on Tuesday it would accelerate restructuring measures in the second quarter after its first-quarter results swung to a loss and missed analyst expectations.

Apr 14, 2009

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.

Apr 14, 2009

The Securities and Exchange Commission and New York state prosecutors are investigating whether investment firms made improper payments of millions of dollars to intermediaries to gain business from the state's pension fund, The New York Times reported on Tuesday.

Apr 14, 2009

The number of computer viruses is growing extraordinarily fast and shifting from phishing e-mails to being hidden in seemingly safe websites such as a local bed and breakfast, says Internet security company Symantec Corp in a new report on Tuesday.

Apr 14, 2009

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

Apr 14, 2009

Dutch Philips Electronics NV said on Tuesday it would accelerate restructuring measures in the second quarter after its first-quarter results missed analyst expectations.

Apr 14, 2009

A lawyer for five investors claiming $64 million filed court papers on Monday that may force fraudster Bernard Madoff into personal bankruptcy, according to a Reuters.

Apr 13, 2009

Citigroup is considering the sale of several assets in Japan to raise cash besides retail brokerage Nikko Cordial which is already on the market, according to a report.

Apr 13, 2009

Investors are more confident in bonds from industrial companies than bank firms, according to data analysis released on Monday.

Apr 13, 2009

Youtube sticks on its privacy and policy where it has disabled upload and comments over a South Korean law requiring a users provide identification.

Apr 13, 2009

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.

Apr 13, 2009

Even if rumors are off-base that Sun chief Executive Jonathan Schwartz is set to be replaced by chairman and co-founder Scott McNealy, Schwartz has “a lot riding on showing growth or an exit strategy,” an analyst says

Apr 13, 2009

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.

Apr 13, 2009

Kaufman Bros. analyst Shaw Wu merited Apple by raising its stock target price, in a memo issued today the target price has been pushed to 27 percent from 120 to 152, identical to Caris & Co.'s Robert Cihra raised Apple stock target price from 120 to 150.

Apr 13, 2009

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.

Apr 13, 2009