SAN FRANCISCO - Yahoo Inc on Tuesday released a recount of the vote for its board that sharply altered the results, revealing a strong protest vote against five of nine directors including CEO Jerry Yang.
NEW YORK - Cisco Systems Inc posted quarterly results that beat Wall Street forecasts and has said it expected the weak economic environment to be relatively short term, sending its shares up 6 percent on Tuesday.
NEW YORK (AP) — News Corp.’s fiscal fourth-quarter earnings jumped 27 percent on profit from asset sales and higher operating earnings in most businesses, but the company faces slower growth in the current year….
WASHINGTON - The Federal Reserve held United States interest rates steady on Tuesday, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
WASHINGTON - The Treasury has said on Tuesday it hired Morgan Stanley to advise it on whether housing finance giants Fannie Mae and Freddie Mac are adequately capitalized as the government tries to determine how it would use its new powers to support the two companies.
NEW YORK (AP) — Cisco Systems Inc. has said Tuesday that sales would be weaker than analysts had forecast in the next few quarters, but investors who had expected worse were cheered….
SAN FRANCISCO - No. 3 hamburger chain Wendy’s International Inc , which is being acquired by the parent company of Arby’s, posted a worse-than-expected drop in quarterly profit, hurt by commodity costs and restructuring charges.
NEW YORK - Fannie Mae is raising a few fees on mortgage loans its purchases, marking the fourth increase in nearly a year, to reflect higher credit risk and offset losses from continuing market deterioration.