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Exxon Mobil Earnings Dip in Q3, Solidly Top Wall Street Forecasts

Energy giant’s net income drops 7% to $9.6 billion. Net income for the July-September quarter dropped 7% from a year earlier to $9.6 billion, Exxon Mobil said. read more

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Chevron Assets in Argentina Frozen Over Ecuador Environmental Case

Oil giant disputes the grounds of the ruling, alleging it is 'a product of bribery, fraud, and it is illegitimate.'Chevron said the move was untenable, disputing the grounds of the ruling and alleging...

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Lockheed Martin Ousts CEO-in-waiting over Unauthorized Personal Relationship

Defense contractor said it took the action against Christopher Kubasik after an ethics investigation confirmed the 'improper conduct,' which violated the company’s code of ethics. The company said it...

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Texas Instruments to Cut 1,700 Jobs in Reorganization

Larger customers are 'increasingly developing their own chips' for mobile phones, company says. Larger customers are 'increasingly developing their own chips' for mobile phones, company says. read more

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Dell Profit Drops by Nearly Half in Q3

Despite income slide, computer maker declares new enterprise strategy is showing positive results. But Dell said its "enterprise solution strategy" showed positive results with server and networking...

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Exxon Warns on Nigerian Production after Oil Spill

Nigerian subsidiary declares force majeure due to repair work on pipeline. U.S. oil giant Exxon Mobil's Nigerian subsidiary warned on Wednesday it may not meet production expectations following the...

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Hewlett-Packard, Former Autonomy Exec Exchange Barbs over Accounting Probe

'I utterly reject all allegations of impropriety,' says Autonomy founder Mike Lynch. Mike Lynch, founder of the software group Autonomy, said in an open letter to HP that members of his management team...

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New Ford COO Fields Eyes Asian and US Growth, European 'Transformation' Plan

Automaker will double participation in some segments in China in next three years. Automaker will double participation in some segments in China in next three years. read more

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Treasury to Sell its Stake in General Motors

The Treasury said the move is part of its 'continuing efforts to wind down its investments in the Troubled Asset Relief Program.'The Treasury said the move is part of its "continuing efforts to wind...

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Does Boeing's Engineering Union Have a Death Wish?

Instead of posturing for public display, the union should reflect on the fate of other industries where labor refused to acknowledge how conditions have changed in a globalized economy. Loren B....

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General Motors to Hire 1,000 Workers

Automaker is hiring employees to staff new tech center near Atlanta General Motors will hire 1,000 high-tech workers to staff a new information technology center near Atlanta read more

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Car Sales in China Disappoint in 2012, China Automobile Association Says

Slowing domestic economic growth, limits on car numbers and a political row between China and Japan weighed on the Chinese auto market last year. Slowing domestic economic growth, limits on car...

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Is the Dry Season Over for Briggs & Stratton?

The Milwaukee-based manufacturer hopes global diversification and a focus on higher margin products will help it escape the effects of drought and add green to its bottom line. Too little water, and...

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U.S. Court Throws Out Bratz Doll Award Against Mattel

Appellate judges say claim was improperly litigated, tell combatants to 'play nice.'Appellate judges say claim was improperly litigated, tell combatants to ‘play nice.'read more

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No Answers Yet on Boeing 787 Fire: NTSB

Systems designed to contain such an event on the all-new Dreamliner 'did not work as intended.'National Transportation Safety Board Chairwoman Deborah Hersman said investigators were working "around...

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Smartphone Sales Exploded in 2012

IDC report shows 712 million smartphone sales in 2012, representing a 44% jump over the previous year. IDC Report shows 712 million smartphone sales in 2012, representing a 44% jump over the previous...

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Judge Affirms $1 Billion Award for Apple in Patent Infringement Trial

Ruling reverses finding of 'willful' violation by Samsung, limiting additional compensation. A U.S. judge refused to toss out a verdict ordering Samsung to pay $1 billion to Apple for patent...

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Greenlight Sues Apple, Has Eye on Cash Pile

Hedge fund opposes shareholder vote on preferred-stock proposal, alleges securities violations by 'bundling' proposal with other measures. NEW YORK - U.S. hedge fund Greenlight Capital filed suit...

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Dell Proposal to Go Private 'Grossly Undervalues' Firm, Shareholder Charges

In a letter to the computer maker's board of directors, Southeastern Asset Management said it would fight the plan. In a letter to the computer maker's board of directors, Southeastern Asset...

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Colgate-Palmolive to Take Hit from Venezuela Devaluation

Consumer-goods maker anticipates one-time after-tax loss of $120 million in the 2013 first quarter. Consumer-goods maker anticipates one-time after-tax loss of $120 million in the 2013 first quarter....

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