SYDNEY - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news.
- Apple expands buybacks by $30 billion, OKs 7-for-1 stock split |
- Buffett: moving oil by rail safely major industry concern |
- Wall Street snaps six-day run; Apple to split stock
- Qualcomm faces China bribery allegations from U.S. regulator
- Exclusive: White House considers former banking lawyer for Fed board - sources
Recent Business News
SAN FRANCISCO - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets.
TOKYO/BEIJING - Three employees at one of Marubeni Corp's grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by allegations the unit evaded taxes on soy bean imports.
WASHINGTON - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
- Wal-Mart Stores Inc said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer's board.
Diversification may be helping to smooth out volatility in Goldman's FICC revenue, but it's smoothing out a decline.