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Updated: 23 hours 48 min ago

Two Goldman lawsuits on Abacus placed on hold

Wed, 07/28/2010 - 11:13
NEW YORK (Reuters) - A New York judge put two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc on hold until progress is made on 16 other lawsuits related to a controversial debt transaction involving the Wall Street bank.


Fed says some districts report slowing economy

Wed, 07/28/2010 - 11:05
WASHINGTON (Reuters) - Overall U.S. economic activity is still increasing but not robustly and in a few districts has lost steam over the past several weeks, the Federal Reserve said on Wednesday.


Out-of-stock Kindle may mean new version coming

Wed, 07/28/2010 - 10:56
SAN FRANCISCO (Reuters) - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version.


Durable goods orders fall, but business spending up

Wed, 07/28/2010 - 10:54
WASHINGTON (Reuters) - New orders for U.S. manufactured goods like cars and planes fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter.


Oil spill hits 100 days as BP aims for quick well kill

Wed, 07/28/2010 - 10:47
LONDON/HOUSTON (Reuters) - BP Plc may permanently shut the well that caused the worst oil spill in U.S. history as early as Monday, the company said on Wednesday as speculation grew over the assets it might sell to cover mounting costs.


Comcast revenue up; profit slips on NBC costs

Wed, 07/28/2010 - 10:37
NEW YORK (Reuters) - Comcast Corp reported a better-than-expected 6 percent rise in quarterly revenue, but the cable giant's profit was undercut by fees it paid to bankers and lawyers involved in its acquisition of NBC Universal.


Boeing profit beats, but shares fall on revenue

Wed, 07/28/2010 - 10:36
CHICAGO (Reuters) - Boeing Co reported a higher-than-expected quarterly net profit on Wednesday as the commercial airplane market recovers from a downturn, but its shares slipped 1.5 percent as revenue fell short of estimates.


Wall Street slips, S&P hovers at technical level

Wed, 07/28/2010 - 09:20
NEW YORK (Reuters) - The S&P 500 struggled to break a key technical level as conflicting reports showing improved corporate earnings and falling orders for the most expensive manufactured goods kept U.S. stocks slightly lower on Wednesday.


Big Oil Co.s profits soar on high prices and refining

Wed, 07/28/2010 - 07:50
LONDON (Reuters) - Oil and gas producers ConocoPhillips, ENI and BG Group reported big jumps in second quarter profits on Wednesday thanks to higher oil and gas prices and firmer refining margins.


Buffett's Dairy Queen chilly on frozen yogurt lawsuit

Wed, 07/28/2010 - 06:17
NEW YORK (Reuters) - It's a case that has left Warren Buffett's Dairy Queen business cold.


BP launches image overhaul, ditches CEO

Tue, 07/27/2010 - 10:50
LONDON/HOUSTON (Reuters) - BP Plc's newly named chief executive on Tuesday called the Gulf oil spill a "wake-up call" for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.


Consumer confidence dims as home prices climb

Tue, 07/27/2010 - 10:47
NEW YORK (Reuters) - Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery.


GM sets $41,000 price for electric Chevy Volt

Tue, 07/27/2010 - 10:36
DETROIT (Reuters) - The highly anticipated electric-powered Chevrolet Volt will carry a $41,000 starting price before tax credits, $5,000 more than the top-selling sedan from General Motors' luxury Cadillac brand.


Lexmark profit boosted by supplies sales

Tue, 07/27/2010 - 10:00
NEW YORK (Reuters) - Lexmark International Inc posted a higher-than-expected quarterly profit on Tuesday on strong sales of printers and supplies, and as improved demand for services helped beef up margins.


Wall St near flat; confidence data offsets earnings

Tue, 07/27/2010 - 09:55
NEW YORK (Reuters) - Stocks were little changed as data showing worsening consumer confidence offset optimism fueled by more upbeat earnings reports.


Goldman offers service to aid derivatives clearing

Tue, 07/27/2010 - 09:16
NEW YORK (Reuters) - Goldman Sachs on Tuesday said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes.


UBS outshines Deutsche Bank as wealth turnaround nears

Tue, 07/27/2010 - 09:00
ZURICH/FRANKFURT (Reuters) - UBS flagged a return to client inflows this year as strong equities and forex trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by Europe's sovereign debt crisis.


DuPont boosts 2010 forecast

Tue, 07/27/2010 - 08:30
NEW YORK (Reuters) - DuPont forecast 2010 earnings well above expectations on Tuesday, sending its shares up 4.1 percent, as the rebounding global economy continued to fuel the company's recovery.


Big miners to deliver strong results, H2 looks tougher

Tue, 07/27/2010 - 08:14
LONDON/MELBOURNE (Reuters) - Major diversified miners are due to post surging first half results after a strong rebound in prices with demand driven by China and India.


Lockheed and L-3 top estimates but outlooks vary

Tue, 07/27/2010 - 07:16
ATLANTA (Reuters) - Defense contractors Lockheed Martin Corp and L-3 Communications Holdings Inc beat Wall Street profit estimates on Tuesday on better revenue and margins but offered differing full-year outlooks.


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