British Airways said on Friday it had cut operating costs by around 6.6 percent since last October as it fights to slim down during the downturn, but it had seen no signs of improvement in trading conditions.
Eyeing a better price, U.S. auto maker Ford Motor Co is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company.
Exxon Mobil Corp reported a 66 percent drop in quarterly profit Thursday as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.
Tata Steel Ltd, the world's No. 8 steel maker by output, on Wednesday reported a larger-than-expected 47 percent fall in June quarter profit from its Indian operations as realisations fell sharply on lower commodity prices.
Dutch chemical group Akzo Nobel NV on Wednesday reported a 12 percent fall in core second-quarter profit, beating estimates as cost savings started to pay off, partly offsetting lower volumes.
Interpublic Group reported a sharper-than-expected drop in quarterly results, sending its shares down 11 percent and making it clear that the advertising industry's troubles are not yet over.
Consumer confidence about business conditions and the labor market fell more than expected in July, according to a new report.
Home prices are stabilizing after steep declines last year, although prices are still down about 17 percent compared to last year, according to new home prices index report released on Tuesday which gives further support to the belief that the housing market is reaching a bottom.
Interpublic Group reported a sharp drop in quarterly earnings on Tuesday, the latest advertising giant undercut by the prolonged downturn in spending by clients.
Congress will consider steps to curb speculation in the $39 trillion credit default swaps market and could prohibit investors from speculating on a borrower's credit quality, according to a U.S. House of Representatives Committee document obtained by Reuters.
Republican Sarah Palin stepped down as governor of Alaska on Sunday, vowing in a farewell address to continue fighting for Alaskans but giving no hint on whether she will seek an elective office again.
South African President Jacob Zuma said police will move swiftly to crack down on rioters after violent protests erupted this week over poor services and jobs.
For the past six months or so, Wall Street has been bracing for what many fear may be the next shoe to drop on the already battered U.S. economy: a U.S. commercial real estate bust that could rival the housing market collapse.
American Express Co , the largest credit card company by sales, reported quarterly earnings that fell in line with expectations on Thursday, hurt by weakness in cardmember spending, record credit losses, restructuring charges and the repayment of government funds.
Microsoft released fourth-quarter earnings on Thursday which missed Wall Street estimates and reported its first decline in full-year revenue in the company's 34-year history. For the quarter ended June 30, the software giant reported earnings of $3.05 billion, or 34 cents a share, down from $4.3 billion, or 46 cents a share, a year earlier
United Parcel Service Inc , the world's largest package delivery company, reported an in-line quarterly profit on Thursday and gave a weak outlook for the current quarter, but said its domestic and global businesses appeared to be stabilizing.
Diversified U.S. manufacturer 3M Co reported a 17 percent drop in quarterly profit as the recession crimps demand for its Scotch tape, optical films for liquid crystal displays and other projects.
Japan's biggest mobile phone operator NTT DoCoMo Inc's group operating profit likely fell 16 percent to about 250 billion yen ($2.68 billion) in the April-June quarter as the year-earlier boost from reduced sales costs wore off, the Nikkei business daily said.
World stocks backed away from nine-month highs on Wednesday as worse-than-expected euro zone industrial figures and a warning about rising unemployment from U.S. Federal Reserve Chairman Ben Bernanke broke a seven-day winning streak.
IBM on Wednesday announced it was stepping up its partnership with Juniper Networks Inc, but said it was also boosting ties with other equipment vendors including Cisco Systems Inc, playing down suggestions it was aiming to keep an increasingly competitive Cisco at bay.
Yahoo Inc's revenue from advertising fell and the Internet company projected lower-than-expected operating cash flow for the current quarter, sending its shares down more than 2 percent.
United Technologies Corp posted a 23 percent drop in profit and lowered its 2009 forecast as it faces weaker-than-expected orders for equipment used in large buildings and aircraft.
