Reuters - Wal-Mart Stores Inc , the
world's largest retailer, reported a 7 percent rise in
quarterly profit on Tuesday as discounts drew U.S. shoppers
looking for bargains on necessities like food and pharmacy
items.
Reuters - Hewlett-Packard Co
is in talks to buy technology outsourcing company
Electronic Data Systems Corp for $12 billion to $13
billion in a deal which would vault it to a close second to IBM
in technology services.
Reuters - Finmeccanica SpA has agreed to
buy U.S. military contractor DRS Technologies Inc. in a
$5.2 billion deal, the biggest so far in European defense
contractors' bid for a slice of the growing U.S. defense
market.
Reuters - Clothing maker Liz Claiborne Inc
reported a quarterly net loss on Tuesday, versus a
year-earlier profit, hurt by expenses related to exiting some
brands and operations that are now discontinued.
Reuters - France's biggest retail bank, Credit
Agricole , announced a 5.9 billion euros ($9.1
billion) rights issue to shore up its capital after further
writedowns at its Calyon investment bank, sending its shares
down sharply.
AP - The earthquake that devastated parts of central China's Sichuan province will likely have a limited impact on the country's booming economy, analysts said Tuesday, though repercussions were seen across the region.
AP - With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent and this week's data could help investors gauge the mind-set of the average consumer.
AFP - French banking giant Credit Agricole said Tuesday it is seeking 5.9 billion euros (9.2 billion dollar) in fresh cash from shareholders after reporting another 1.2 billion euros write-down due to the US subprime home loan crisis.
AP - Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its profit rose 6.9 percent in its first quarter on higher sales as lower prices helped boost its results, topping Wall Street's expectations.
LONDON (Reuters) - Soaring food and fuel bills pushed up the inflation rate by its biggest amount in nearly six years, further denting expectations of interest rate cuts despite a slowing economy.
LONDON (Reuters) - House prices suffered their most widespread decline across Britain for 30 years and retail sales fell for a second consecutive month in April, surveys showed on Tuesday, in a sign the economic slowdown is worsening.
LONDON (Reuters) - Alliance & Leicester took a 192 million pound hit to profit on Tuesday from toxic assets, as analysts warned that sum could all but wipe out first-half profit and prompt a dividend cut.
LONDON (Reuters) - French bank Credit Agricole joined the growing list of lenders asking shareholders for billions of euros in extra cash while a trio of other European banks also revealed new scars from the credit crunch on Tuesday.
LONDON (Reuters) - The blue-chip shares reversed early gains to drop by more than 1 percent by midday on Tuesday, as surging inflation data cast shadows over the economic outlook and credit-related writedowns hit Alliance & Leicester.
LONDON (Reuters) - Retail sales values fell for a second consecutive month in April, a survey showed on Tuesday, suggesting tighter credit conditions and rising household bills are forcing consumers to tighten their belts.
LONDON (Reuters) - The wholesale division of BT Group has signed a five-year agreement with O2 to provide and help manage the operator's high speed network as an increasing number of customers take bandwidth-hungry offerings.
LONDON (Reuters) - Food equipment maker Enodis , which has agreed Illinois Tool Works's 1.03 billion pounds bid, posted a 6 percent rise in first-half underlying profit on Tuesday.
LONDON (Reuters) - Terra Firma, the private equity owner of EMI, plans to cut more jobs at the music company, a source familiar with the situation said on Tuesday.
LONDON (Reuters) - TUI Travel , Europe's biggest travel firm, said demand for summer holidays remained strong as it reported a lower first half loss, sending its shares over 3 percent higher on Tuesday.
European aviation giant Airbus admitted on Tuesday it could not meet its delivery schedule for its troubled A380 superjumbo in a new blow to the world's biggest passenger jet.
French banking giant Credit Agricole said on Tuesday it was seeking 5.9 billion euros (9.2 billion dollars) in fresh cash from shareholders after taking new charges of 1.2 billion euros for problems in the US subprime market.
Many people say their phone bills are sky high - but now a boffin has proved they really are out of this world.In fact a British academic has worked out it is cheaper to send data to the Hubble space telescope than send a text message to your mates.
The dollar was up against the euro but down versus the yen Tuesday as the market awaited a speech by Federal Reserve chief Ben Bernanke for fresh leads on the health of the US economy, dealers said.
Europe's main stock markets fell on Tuesday as sentiment was dampened by news of a massive 5.9-billion-euro rights issue at French bank Credit Agricole after more heavy US subprime losses, dealers said.
Japan's Nissan Motor Co. said Tuesday it expects net profit to tumble almost 30 percent this year due to sluggish sales in maturing markets, a stronger yen and high material costs.
Record oil prices and a slowdown in advanced economies are set to curb global oil demand despite growth in China and the Middle East, the IEA forecast on Tuesday, saying stockpiling was a key factor.
The blue-chip shares reversed early gains to drop by more than 1 percent by midday on Tuesday, as surging inflation data cast shadows over the economic outlook and credit-related writedowns hit Alliance & Leicester.
Alliance & Leicester took a 192 million pound hit to profit on Tuesday from toxic assets, as analysts warned that sum could all but wipe out first-half profit and prompt a dividend cut.
State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.
Countrywide Financial Corp on Thursday said September mortgage lending fell 44.3 percent from a year earlier as it tightened underwriting standards, even as delinquencies surged.
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Reuters - Wal-Mart Stores Inc , the
world's largest retailer, reported a 7 percent rise in
quarterly profit on Tuesday as discounts drew U.S. shoppers
looking for bargains on necessities like food and pharmacy
items.
Reuters - Hewlett-Packard Co
is in talks to buy technology outsourcing company
Electronic Data Systems Corp for $12 billion to $13
billion in a deal which would vault it to a close second to IBM
in technology services.
Reuters - Finmeccanica SpA has agreed to
buy U.S. military contractor DRS Technologies Inc. in a
$5.2 billion deal, the biggest so far in European defense
contractors' bid for a slice of the growing U.S. defense
market.
Reuters - France's biggest retail bank, Credit
Agricole , announced a 5.9 billion euros ($9.1
billion) rights issue to shore up its capital after further
writedowns at its Calyon investment bank, sending its shares
down sharply.
AP - The earthquake that devastated parts of central China's Sichuan province will likely have a limited impact on the country's booming economy, analysts said Tuesday, though repercussions were seen across the region.
AP - With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent and this week's data could help investors gauge the mind-set of the average consumer.
AFP - French banking giant Credit Agricole said Tuesday it is seeking 5.9 billion euros (9.2 billion dollar) in fresh cash from shareholders after reporting another 1.2 billion euros write-down due to the US subprime home loan crisis.