The nearly bankrupt U.S. Postal Service said Thursday its net loss widened to $3.2 billion in the fiscal second quarter as revenues continue to dwindle. It also said it lacks sufficient cash to pay for required future retiree health benefits.
Apple Inc. (NASDAQ: AAPL) and its primary iPad and iPhone supplier, Foxconn Technology Company Ltd. (Taipei: 2354), will share the costs of improving labor conditions inChinese factories, Foxconn CEO Terry Gou said.
Shares of AOL (NYSE: AOL), the No. 7 website, rose slightly after the company reported better-than-expected first-quarter results and promised to pass on $1 billion in patent payments to shareholders.
Shares of Cisco Systems (Nasdaq: CSCO) plunged nearly 11 percent after the company projected weaker-than-expected results for the current quarter.
Every new 2013 Cadillac XTS will come with an Apple Incorporated (NASDAQ: AAPL) iPad with a suite of customer education apps pre-loaded to teach new owners about the car's Cadillac User Experience (CUE), General Motors Company (NYSE: GM) announced on Wednesday.
A corporate diet, better focus and the explosion of ?Big Data? sent earnings up for Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet equipment.
Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
A month ago, shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, closed at their record high of $628.64. On April 10, they hit their all-time high of $644. Now they are at $570.
Ford Motor Co. (NYSE: F) is recalling 27,000 model year 1998 to 2003 Windstar vans which suffer from a problem which can cause the rear axle of the vehicle to fracture, increasing the risk of crash, a notice from the National Highway Traffic Safety Administration (NHTSA) said Wednesday.
While British lawmakers call Rupert Murdoch unfit to run a giant media conglomerate, shareholders might disagree. Despite recent declines, the company's stock price is up 20 percent to $19.17 in Wednesday trading from a six-month low in November and far above the $6 depths of March 2009.
Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said.
Macy's, Inc. (NYSE: M), the national retailer that counts department stores brands Macy's and Bloomingdale's in its portfolio, reported earnings Wednesday that exceeded expectations, but still disappointed Wall Street, which was looking for higher guidance from the company on future earnings.
Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.
GlaxoSmithKline Plc (NYSE: GSK) will begin a $2.6 billion hostile takeover bid for Human Genome Sciences (NASDAQ: HGSI), the company announced Wednesday.
Third Point, the New York hedge fund that owns 5.8 percent of Yahoo (Nasdaq: YHOO), the No. 3 search engine, scored another victory late Tuesday as the company formally announced a director would quit.
Sales of smartphones and tablets are skyrocketing but consumers report they don?t necessarily trust online or mobiles services to be secure, a new survey found.
Walt Disney Co. (NYSE: DIS), the world's largest entertainment company, reported Tuesday that its second-quarter profit rose 21 percent, topping analysts' forecasts as solid results from theme parks offset a disappointing performance from sci-fi film John Carter.
The U.S. oil major is preparing to sell all of its assets in one of Africa's leading producers of crude oil -- Nigeria.
Post-election uncertainty in Greece pushed investors away from stocks and commodities, lowering German and U.S. bond yields and eroding the euro's value as investors sought the dollar. France's benchmark CAC 40 Index erased its Monday gains, which had confounded investors. The reality sank in a day late as euro zone uncertainties that popped up over the weekend took root. Greek stocks have lost 10 percent of their value so far this week.
Third Point Capital, the New York hedge fund with a 5.8 percent stake in Yahoo (Nasdaq: YHOO), the No. 3 search engine, has scored again. Also, Yahoo's director has agreed to quit.
A corporate diet, better focus and the explosion of ?Big Data? is expected to send earnings up for Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet equipment.