NEW YORK - American Express Co , a credit card and travel services company, has said on Monday that third-quarter earnings rose 10 percent, helped by increased spending among its consumer and corporate clients.
LOS ANGELES - Target Corp cut its outlook for October sales at stores open at least a year on Monday, the second month in a row the discount retailer has lowered its same-store sales forecast, as investors begin to focus on how the holiday sales season will measure up.
BRUSSELS - The European Union’s top court will rule on Tuesday on the legality of a German law that shields Volkswagen from takeover in a decision with wider implications for corporate Europe.
DETROIT - Chrysler LLC guaranteed that it would keep a few United States factories running well beyond the 2011 expiration of a proposed contract with the United Auto Workers union if the deal was approved, people familiar with the matter has said on Monday.
NEW YORK - United States stocks rose on Monday, rebounding from last week’s steep sell-off as optimism that Apple would deliver strong earnings drove the Nasdaq to a gain of 1 percent.
SAN FRANCISCO - Apple Inc beat Wall Street targets with a 67 percent rise in quarterly profit on Monday, led by strong sales of its Macintosh computers and a large first full quarter from the iPhone, sending its shares up nearly 6 percent.
NEW YORK - Texas Instruments Inc posted a 10 percent gain in third-quarter earnings on Monday, but the mobile chipmaker forecast revenues below analysts’ estimates, sparking a drop in its stock.
WASHINGTON - The head of the International Monetary Fund on Monday warned that an “earthquake” in credit markets may have been so severe the global economy tips into recession, ending a five-year boom.