SAN FRANCISCO - Intel Corp reported a 25 percent rise in quarterly profit, helped by strong sales of microprocessors used in notebook computers, and gave a revenue forecast that topped expectations.
SAN FRANCISCO - Intel Corp reported a 25 percent rise in quarterly profit, helped by strong sales of microprocessors used in notebook computers, and gave a revenue forecast that topped expectations.
SAN FRANCISCO (AP) — Intel Corp.’s second-quarter profit jumped 25 percent as blossoming sales of laptop chips helped the company cruise past Wall Street’s estimates Tuesday….
WASHINGTON/NEW YORK - United States securities regulators plan to issue an emergency rule later on Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac .
DETROIT (AP) — General Motors Corp., struggling to survive, will slash jobs, cut production, sell assets and suspend its dividend for the first time in 86 years as it tries to ride out an unprecedented collapse of its core United States market….
NEW YORK - Wall Street rose off earlier losses in volatile trade on Tuesday as a large drop in the price of oil relieved a few concerns about the impact of higher fuel costs on consumer spending and corporate profits and as investors snapped up beaten-down shares such as banks.
WASHINGTON (AP) — The United States economic downturn gained steam Tuesday, with a report of the highest inflation since the early 1980s, more bad news for banks and automakers and a suggestion by the Federal Reserve chief that worse days are ahead….
NEW YORK - Bitter rivals New York Post owner Rupert Murdoch and New York Daily News owner Mortimer Zuckerman may combine the printing, distribution and back office operations of their New York newspapers, a source familiar with the discussions has said on Tuesday.