| Franklin drops out of group eyeing AIG unit: source ) has dropped out of a consortium negotiating to buy American International Group Inc's () asset management unit, a source familiar with the matter said on Tuesday. But talks contin ...[more] |
| Dell CFO sees hardware upgrades boosting profitability ) finance chief expects strong corporate IT hardware upgrades starting from the middle of next year at the earliest to boost profitability for the No. 2 PC maker. In an interview wit ...[more] |
| CIT shares rise on hope for aid, restructuring Shares of the lender rebounded sharply as investors bet that the discussions would be fruitful, averting a disruption in credit for many companies. CIT, which finances airlines, railw ...[more] |
| Goldman profit and pay surge in blowout quarter The results continued Goldman's extraordinary rebound from a near meltdown of the U.S. banking industry last fall that led to a $125 billion taxpayer bailout for its largest members. ...[more] |
| Ex-GM CEO Wagoner retires with reduced benefits The value of Wagoner's retirement package is about 60 percent lower than it would have been at the end of last year, before the largest U.S. automaker fell into a government-funded bankruptcy ...[more] |
| Goldman Sachs profits hailed by lawmakers "Is there a law in the United States that you can't make profits?" Representative Paul Kanjorski, a senior Democrat on the House Financial Services Committee, asked reporters. Kanjorsk ...[more] |
| Intel trumps forecasts, bodes well for PC sector ) quarterly results and outlook blew past Wall Street forecasts on better-than-expected consumer demand for PCs, especially in Asia, setting an auspicious tone for the technology sector. ...[more] |
| KFC parent Yum lowers sales view, shares fall ), parent of the Taco Bell, Pizza Hut and KFC chains, cut its full-year forecast for sales on weakness in its two biggest markets, the United States and China, and its shares fell 3.9 percent.< ...[more] |
| Fed's Hoenig says U.S. recovery to be very slow "I judge the economy at or near the bottom of the cycle," Thomas Hoenig, president of the Kansas City Federal Reserve Bank, told Reuters in an interview. "I am not suggesting a V-shap ...[more] |
| INSTANT VIEW: Intel smashes expectations, sees strong Q3 ) quarterly results smashed Wall Street expectations on Tuesday, and the chip maker offered a forecast for current-quarter revenue that also topped analysts' estimates. COMMENTARY:< ...[more] |
| Life insurer MetLife combining some U.S. businesses ), the largest American life insurer, said on Tuesday that it plans to combine some U.S. businesses as part of a revamp it undertook to increase growth opportunities. The New York-b ...[more] |
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