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An Exxon gas station is pictured in Arlington, Virginia January 31, 2012.

ExxonMobil: Q4 Earnings Largely Due To Europe Weakness

ExxonMobil vice president of investor relations David Rosenthal said his company's lower than expected earning figures are largely due to lingering global economic weakness in Europe which hurt the U.S. economic recovery and prompted declines in industry and chemical refining.

ExxonMobil's 4Q up but Misses Street View, Shares Down

ExxonMobil
ExxonMobil Corp., the world's largest integrated oil and natural gas company, Tuesday reported fourth-quarter earnings up six percent, less than analysts expected, as higher crude oil profits offset weaker refining margins.
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Bond Markets

U.S. Debt Prices Rise, Fed's Power May be Doubted

Treasury debt prices rose on Thursday, and five-year note yields dipped to the lowest level since at least the 1960s, a day after the Federal Reserve said it will likely hold interest rates near zero at least through late 2014.
Apple

Apple Yet to Penetrate Into Asia

Investors in Apple Inc. have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.
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Ford Accounting Change Signals Profit Outlook

Ford Motor Co is poised to report its biggest annual profit in 13 years on Friday after an accounting change that signals the No. 2 U.S. automaker's belief it can remain profitable.
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Asian Stocks Pause After Rallying on Fed Policy

A broad asset rally inspired by the U.S. Federal Reserve's pledge to keep rates low paused Friday, as investors sought to gauge how sustainable the burst of optimism will be while waiting for the outcome of crucial Greek debt talks.
Apple's next iPad, presumably called "iPad 3," will double the display density of the iPad 2 and feature a better, longer-lasting battery.

iPad 3 Rumors Roundup: From Specs to Release Date and Everything Else in Between

The next generation Apple tablet, dubbed iPad 3, is expected to surface in late February/early March, bringing to a closure the growing rumors about its features and release date. Ever since iPad 2 was unveiled in February last year, Apple fans have been closely watching every move of the tech giant with the hope that they get some hint about the release date and specs of iPad 2's successor.
Apple's retail store at Upper West Side, New York City

What Apple Plans to Do with $98 Billion Cash Hoard?

Apple Inc. has a high-quality balance sheet with net cash of $97.6 billion or $103.6 per share at the end of fiscal first quarter. Investors look puzzled regarding what Apple intends to do with its cash hoard.
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

World Stocks, the Euro down on Greek Default Fears

World stocks and the euro suffered on Wednesday as uncertainty about Greece's debt talks overshadowed strong economic data from Germany, blow-out earnings from Apple, and expectations that the Federal Reserve will push back the timing of an eventual rate hike.
HSBC Bank

Senate Investigating HSBC for Money Laundering

HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.
ConocoPhillips

ConocoPhillips Refining Dampens Company's Earnings

ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.
Phil Schiller Apple

iPad 3 May Come with Quad-Core A5 Chip

The launch of the iBooks 2 app further substantiates expectations that Apple may put a quad-core chipset in the iPad 3, which is expected to be launched in the first quarter of 2012.

Schlumberger 4Q Soars 36%, Beats Wall Street View

Schlumberger Ltd (SLB.N), the world's largest oilfield services company, reported a 36 percent rise in quarterly earnings, beating Wall Street forecasts, but it warned that Europe's debt crisis could hurt economic growth and trim oil demand.

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