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
View ArticleChevron 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...
View ArticleLockheed 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...
View ArticleTexas 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
View ArticleDell 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...
View ArticleExxon 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...
View ArticleHewlett-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...
View ArticleNew 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
View ArticleTreasury 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...
View ArticleDoes 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....
View ArticleGeneral 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
View ArticleCar 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...
View ArticleIs 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...
View ArticleU.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
View ArticleNo 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...
View ArticleSmartphone 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...
View ArticleJudge 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...
View ArticleGreenlight 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...
View ArticleDell 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...
View ArticleColgate-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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