Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said quarterly profit slid 33 percent and slashed its full-year earnings outlook, hurt by rising defaults as the housing market slumps.
A U.S. appeals court on Friday said Qualcomm Inc. was premature in appealing an order by a federal trade agency that banned imports of some cellular telephones containing Qualcomm chips.
After six months of microprocessor revenue market-share losses, Advanced Micro Devices Inc. (NYSE: AMD) managed to stabilize its share in this year’s second quarter, while Intel Corp. dipped slightly, according to preliminary results from researcher iSuppli.
EBay Inc. on Wednesday posted a 50 percent rise in net profit on strength in its core auction and payments businesses, but left its 2007 outlook unchanged, defying Wall Street's hopes for a boost.
Hotel occupancy is down in some top vacation spots, not through lack of visitors, but because more travelers are investing in permanent options such as property and time shares in places they love.
Set the dining table, light some candles and crack open a nice bag of wine.
Google, Inc. is expected to post double-digit gains in profit and sales when it reports second-quarter results on Thursday as the company maintains a substantial lead in online search.
Florida has plenty of sunshine to power rooftop solar panels but utilities say they won't be cost effective.
Home buyers and home sellers alike can find more innovative and useful features than ever on real estate Web sites, which are nimbly adapting to the U.S. housing slump.
Google Inc. co-founder Sergey Brin said on Thursday his company would be happy to talk with Facebook about potential ties, but that the social network did not appear to be courting takeover bids.
General Electric Co. has decided to sell its WMC Mortgage subprime lending business, the lender told employees in a memo on Thursday.
U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac said on Thursday.
The Bush administration is expected to slash its 2007 budget deficit estimate when it updates its forecast on Wednesday, but uncertainty over slowing corporate receipts may lead the White House to express a more cautious view than some in the financial markets.
Stocks slid on Tuesday as the subprime mortgage crisis escalated, undermining banking shares, while Home Depot Inc. and other housing-related companies lowered their outlooks.
Sony Corp. cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday, a move that should boost the video game console's lackluster sales.
As if it wasn't hard enough to invest $200 billion, the managers of China's new state asset agency face a new headache: growing financial protectionism.
Google Inc. has acquired GrandCentral Communications, a start-up that lets users manage their existing phones and voice mailboxes over the Web as if they were a single account, the company said on Monday.
Fast food chain Jack in the Box Inc. on Monday said a U.S. court denied rival CKE Restaurants Inc.'s motion for a preliminary injunction that would have forced Jack in the Box to stop airing a TV ad mocking CKE's Angus hamburgers.
Laboratory beakers are seldom featured in hotel rooms, but at the Dylan Hotel in New York they are standard bathroom issue.
The United States and South Korea signed a free trade agreement on Saturday that will face tough opposition in the U.S. Congress because of Democratic Party concerns that it will cost auto industry jobs.
Western Digital Corp. announced late Thursday that it agreed to acquire rival Komag Inc. for about $1 billion in cash.
A California judge has dismissed misdemeanor fraud charges against Hewlett-Packard Co.'s former ethics chief and two private investigators involved in the computer maker's hunt for the source of boardroom leaks, a prosecutor said on Friday.