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Yahoo! News: Business News


Wall Street pares losses, recovery stays anemic (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - Stocks eased slightly on Friday, but for the second day in a row major indexes bounced off session lows, this time on a positive report on Midwest manufacturing activity.



Fri, 30 Jul 2010 16:12:40 GMT

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Imports slow second-quarter growth (Reuters)
Reuters - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Fri, 30 Jul 2010 15:38:50 GMT

Chevron earnings triple (Reuters)
Reuters - Chevron Corp, the second-largest U.S. oil company, reported a three-fold jump in quarterly profit, beating expectations as refinery margins fattened.
Fri, 30 Jul 2010 14:09:25 GMT

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Merck pares 2010 forecast, despite beat in quarter (Reuters)

A view of the Merck & Co. campus in Linden, New Jersey, March 9, 2009.REUTERS/Jeff ZelevanskyReuters - Merck and Co issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down more than 3 percent.



Fri, 30 Jul 2010 14:20:32 GMT

Chrysler to keep Michigan plant open, add jobs (Reuters)
Reuters - Chrysler Group LLC will add a second shift to the Sterling Heights Assembly Plant near Detroit in early 2011 and keep that plant open beyond 2012, when it had been planned to shut, the company said on Friday.
Fri, 30 Jul 2010 16:23:37 GMT

Cisco briefly halted after circuit breaker (Reuters)
Reuters - Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker.
Thu, 29 Jul 2010 16:42:07 GMT

Obama hails news economy growing, wants more (Reuters)

U.S. President Barack Obama prepares to depart Andrews Air Force Base outside Washington, for a day trip to Detroit, July 30, 2010. REUTERS/Larry DowningReuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.



Fri, 30 Jul 2010 16:33:31 GMT

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