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The front of a Wal-Mart Store in Clearwater, Florida, 2006. Wal-Mart Stores, the world's biggest retailer, reported modestly better than expected quarterly earnings but expressed caution amid a struggling US economy.

Retailer Wal-Mart profit beats forecasts, outlook cautious

AFP - 17 minutes ago

NEW YORK (AFP) - Wal-Mart Stores, the world's biggest retailer, reported Tuesday modestly better than expected quarterly earnings but expressed caution amid a struggling US economy. More »

  • Hewlett-Packard Co. (HP) announced plans to buy Electronic Data Systems Corporation in a tie-up that creates

    Computer giant HP to buy EDS for $13.9 bln

    AFP - 22 minutes ago

    SAN FRANCISCO (AFP) - Hewlett-Packard Co. announced plans Tuesday to buy Electronic Data Systems in a tie-up that creates a global powerhouse in computer services to compete against IBM. More »

  • HP to buy EDS in challenge to IBM

    Reuters - 1 hour 27 minutes ago

    NEW YORK (Reuters) - Hewlett-Packard has struck a deal to buy Electronic Data Systems for $12.6 billion (6.5 billion pounds), seeking to boost its technology services business to better compete against market leader IBM . More »

  • Federal Reserve chairman Ben Bernanke, seen here in April 2008, said financial markets are still

    Financial conditions better, still far from normal: Bernanke

    AFP - 1 hour 48 minutes ago

    WASHINGTON (AFP) - Federal Reserve chairman Ben Bernanke said Tuesday financial markets are still "far from normal" but have improved as a result of the extraordinary liquidity measures of the US and other central banks. More »

  • An Airbus A380. European aviation giant Airbus admitted it would fall short of planned deliveries this year and next of its troubled A380 superjumbo in a fresh setback for the world's biggest passenger jet.

    Airbus announces new delays to A380 programme

    AFP - 1 hour 54 minutes ago

    PARIS (AFP) - European aviation giant Airbus admitted Tuesday it would fall short of planned deliveries this year and next of its troubled A380 superjumbo in a fresh setback for the world's biggest passenger jet. More »

  • A shopper carries a bag in San Francisco, 2007. US retail sales declined 0.2 percent in April, as consumers put a brake on purchases of fuel-guzzling sport utility vehicles.

    US retail sales drop as Americans put brake on SUV purchases

    AFP - 1 hour 29 minutes ago

    WASHINGTON (AFP) - US retail sales declined 0.2 percent in April, as consumers put a brake on purchases of fuel-guzzling sport utility vehicles, a government report showed Tuesday. More »

  • Oil rises towards $125 after earlier dip

    Reuters - 2 hours 57 minutes ago

    LONDON (Reuters) - Oil rose towards $125 a barrel on Tuesday, shrugging off a forecast for slower growth in world demand from the International Energy Agency that earlier sparked profit taking. More »

  • An attendant fills up a car at a petrol station in Hong Kong. Record oil prices and a slowdown in advanced economies are set to curb global oil demand despite growth in China and the Middle East, the IEA forecast, saying stockpiling was a key factor.

    Oil demand set to ease, high prices turn on stockpiling: IEA

    AFP - Tuesday, May 13 11:50 am

    PARIS (AFP) - Record oil prices and a slowdown in advanced economies are set to curb global oil demand despite growth in China and the Middle East, the IEA forecast on Tuesday, saying stockpiling was a key factor. More »

  • Enodis says adjusted pretax profit up 6 percent

    Reuters - Tuesday, May 13 11:01 am

    LONDON (Reuters) - Food equipment maker Enodis , which has agreed Illinois Tool Works's 1.03 billion pounds bid, posted a 6 percent rise in first-half underlying profit on Tuesday. More »

  • File photo shows the headquarters of French bank Credit Agricole in Paris. The banking giant has said it would launch a 5.9bn euro (US$9.2bn) capital increase following its 1.2bn euro loss in the sub-prime crisis

    French bank Credit Agricole seeks six billion euros after subprime losses

    AFP - Tuesday, May 13 10:42 am

    PARIS (AFP) - French banking giant Credit Agricole said Tuesday it is seeking 5.9 billion euros (9.2 billion dollar) in fresh cash from shareholders after reporting another 1.2 billion euros write-down due to the US subprime home loan crisis. More »

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