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U.S.
regulators check Fannie, Freddie books: report - Reuters -
19 minutes ago
Bank
examiners from the U.S. Federal Reserve and the Comptroller of the Currency
are inspecting the books of mortgage finance companies, Fannie Mae and
Freddie Mac , The New York Times reported on Tuesday.
Ford to shift
focus to small cars: report - Reuters - 2 hours, 0 minutes ago
U.S.
car company Ford Motor Co is about to alter its focus drastically and build
more small cars, the New York Times said on Tuesday, citing people familiar with
the plans.
Logitech
Q1 net profit rises 11.5 percent - Reuters - Mon
11:05 pm ET
Logitech
International , the world's largest maker of computer mice, posted an 11.5
percent rise in first-quarter net profit on Monday, boosted by the strong
performance of Harmony-brand remotes.
Lenovo shares
dive amid downgrade, IBM share sale - Reuters - Mon
10:05 pm ET
Shares
of top Chinese PC maker Lenovo Group Ltd fell 5.02 percent after a broker
downgrade and a sale of the company's shares by International Business
Machines Corp's .
Apple outlook well
below Wall St view - Reuters - Mon 9:48 pm ET
Apple
Inc said on Monday its current-quarter earnings would be well below Wall
Street targets, sending shares of the iPhone, iPod and Macintosh maker down
10 percent.
Yahoo and Icahn
settle; Microsoft deal seen adrift - Reuters - Mon
8:57 pm ET
Yahoo
Inc will appoint activist investor Carl Icahn and two of his nominees to its
board, defusing a proxy battle showdown and making an immediate deal with
Microsoft Corp less likely.
Widespread
earnings woes reflect consumer fears - Reuters - Mon
7:53 pm ET
The
deepening plight of the American consumer has started to take a big bite out
of corporate earnings. A number of major U.S. companies who rely on consumer
spending warned about their results on Monday evening, including credit card
company American Express Co , Macintosh computer and iPod maker Apple Inc and
cruise ship operator Royal Caribbean Cruises Ltd .
American
Express profit falls as credit losses rise - Reuters - Mon
7:47 pm ET
American
Express Co , a credit card issuer and processing network, reported a
steeper-than-expected 38 percent drop in quarterly profit as it set aside
more money to cover credit losses and its shares fell sharply after hours.
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