Chipmaker AMD forecasts revenue below estimates
(Reuters) – Chipmaker Advanced Micro Devices Inc forecast a steeper-than-expected fall in current quarter revenue, signaling that sales of gaming consoles were not growing fast enough to offset slowing PC sales.
Detroit’s available cash drying up more slowly than feared: report
(Reuters) – Detroit’s available cash shrank less quickly than city officials feared it would in the latest quarter, but it was still down nearly 32 percent from the previous quarter to $87.5 million, according to a report posted on the city emergency m…
S&P 500 ends with slight gains; IBM falls late
NEW YORK (Reuters) – U.S. stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector rallied, though the Dow fell on disappointing earnings by three of its components.
Exclusive: North Dakota governor: railcar safety standards for crude needed now
NEW YORK (Reuters) – Provisional safety standards for railcars carrying crude oil are needed as soon as possible, not next year as the U.S. Department of Transportation expects, North Dakota Governor Jack Dalrymple said in an interview on Tuesday.
Peltz to join Mondelez board, ends push for PepsiCo deal
(Reuters) – Mondelez International Inc , maker of Cadbury chocolate and Oreo cookies, on Tuesday added activist investor Nelson Peltz to its board in a compromise agreement that ends his campaign to have PepsiCo Inc take over the company.
Carl Icahn, banks prevail in lawsuits by Herbalife short-seller
NEW YORK (Reuters) – A U.S. court has dismissed a short-seller’s lawsuits accusing activist investor Carl Icahn and three large banks of perpetuating a pyramid scheme at nutritional products company Herbalife Ltd .
Secret Service probes link between border arrests, Target data breach
WASHINGTON (Reuters) – The U.S. Secret Service said on Tuesday it was checking for links between the recent hacking of consumer data from Target Corp and the weekend arrest of two Mexicans who tried to enter the United States at a Texas border crossing…
Bombardier cuts 1,700 jobs to save cash after jet delays
TORONTO (Reuters) – Canada’s Bombardier Inc said on Tuesday it will cut 1,700 aerospace jobs, or more than 4 percent of the unit’s staff, as it pushes to preserve cash after costly setbacks in the development of two new jets.
Delta profit rises on revenue gains, lower fuel costs
(Reuters) – Delta Air Lines Inc reported a higher-than-expected fourth-quarter profit on Tuesday, aided by lower fuel costs and increased fares, and its shares gained more than 3 percent.
Independent luxury watchmakers expect growth this year
GENEVA (Reuters) – Swiss luxury watchmakers predict the market will grow this year, expecting rising demand from North America and Europe to more than offset slowing sales to China.
