Washington Post Co said on Wednesday it is exploring a possible sale of its magazine Newsweek after sustaining losses for two years.
General Electric Co is returning to good, solid earnings growth and plans to raise its dividend at least by 2011, chief executive Jeff Immelt told investors on Wednesday.
Dutch Philips Electronics on Monday reported first-quarter operating profit above the most optimistic forecast, driven by its lighting unit and cost cuts, sending shares to a 23-month high.
Dutch Philips Electronics warned markets were still uncertain despite reporting first-quarter operating profit above the most optimistic expectations fueled by its Lighting unit and cost cuts.
General Electric Co posted a profit that beat Wall Street's view, but its shares fell 4 percent after weak revenue and declining orders made investors worry about the strength of its turnaround.
General Electric Co reported a sharply higher profit than Wall Street had expected and sees potential for upside to its earlier forecast of flat 2010 results.
Wall Street was poised for a lower on Friday after earnings from Google failed to meet heightened expectations as GE and Bank of America reported quarterly results.
Global shares edged off 16-month highs on Friday as an unexpected jump in U.S. jobless claims and persistent uncertainty over a solution to Greece's debt crisis tempered optimism over the global economic recovery.
Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's results, and ahead of General Electric and Bank of America earnings.
by Vikram S SubhedarAsian stocks retreated from 22-month highs, and higher-yielding currencies fell, as investors booked profits after risky assets ran up in recent sessions on the back of good economic data.
After two rocky years and a severe global financial crisis, General Electric Co expects its profit and dividend to rise in 2011, the largest U.S. conglomerate's chief financial officer said.
General Electric Co Chairman and Chief Executive Jeffrey Immelt declined a bonus for a second consecutive year, but his total compensation rose slightly from 2008, largely reflecting a change in pension values.
Harry Markopolos' book No One Would Listen is full of details about his dispiriting efforts to alert the authorities to Bernard Madoff's $65 billion fraud.
Dell, the world's No. 3 PC seller, is looking for acquisitions to bolster its consumer, small and medium business that accounts for almost half of the company's total sales.
General Electric Co will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said on Thursday, a move which could offer a rare chance to buy into Turkey's resilient bank sector.
Diversified manufacturer Honeywell International Inc believes its revenue could grow to a range of $41 billion to $45 billion over five years, as the world economy climbs out of a severe recession.
Laboratory equipment maker Thermo Fisher Scientific Inc has offered $6 billion to buy Millipore Corp, according to a person familiar with the situation, in a deal that would increase its presence in the manufacture of biotech drugs.
U.S. industrial group United Technologies won European Union regulatory approval on Monday to buy the security business of General Electric, boosting its operations in the domestic market.
Members of President Barack Obama's Cabinet announced nearly $1 billion in grants on Friday to increase the use of health information technology, pushing a key component of Obama's healthcare overhaul and job creation plans.
Mexican tycoon Carlos Slim's multi-billion dollar move to consolidate his telecoms empire has helped push emerging-market mergers and acquisitions (M&A) ahead of U.S. and European dealmaking in the year to date.
More than a century into its existence, Philips is once again betting heavily on semiconductors. This time the consumer electronics firm is looking to harness their potential as a source of light.
Air Products and Chemicals Inc launched an unsolicited $5.1-billion cash bid to buy rival Airgas Inc on Friday in a move to create the largest industrial gas company in North America.
