Finance Info Blog

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Motorola Needs A Hit

The handset maker’s return to profitability may be short-lived unless it can come up with a hot new device.
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Marathon Oil May Do The Splits

With its second-quarter profit falling 50% on weaker refining margins, company says it may split itself in two.
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Medvedev Adds To Muddle

His coded criticism of Putin leaves observers unsure whether its damage control or sign of a rift.
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Solar Energy, All Night Long

An MIT professor’s breakthrough could allow us to make unlimited hydrogen from the sun by doing what plants do.
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Marathon Oil May Do The Splits

With its second-quarter profit falling 50% on weaker refining margins, company says it may split itself in two.
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Credit Crunch Hits MasterCard

The payment processor’s second quarter beats expectations, but investors wanted more.
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Motorola Needs A Hit

The handset maker’s return to profitability may be short-lived unless it can come up with a hot new device.
More: continued here

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Tyco Resecures Profits

The company declared better than expected Q3 earnings and growth in each of its five divisions.
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Potash Prices Push Higher

Mosaic said mines are struggling to meet demand, which should spur more price hikes for the fertilizer.
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Oil group ends Iran investments

StatoilHydro, the Norwegian national oil company, has become the latest big western energy group to commit not to invest in Iran, following pressure from the US
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CBS Dims Outlook

The company’s solid earnings didn’t register with investors who got hung up on its lowered guidance.
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Zinc Rallies

In a bid to conserve energy at home and boost world prices, China ends 5% export tax rebates for zinc.
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Exxon Gets Drilled

The company’s shares slipped Thursday despite a 13.8% jump in second-quarter earnings.
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International Drivers Push TRW

Analyst downgraded the auto parts maker’s rating but still expects it to benefit from increased global demand.
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BAE linked to Zimbabwean arms dealer

The British arms manufacturer under investigation in several countries for alleged bribery paid at least £20m to a company linked to a Zimbabwean arms trader allied to Robert Mugabe
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Bonds boosted by disappointing GDP

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Credit card help is on the way

Questionable credit card company practices have been dogging consumers for years. But a Credit Card Bill of Rights is working its way to congress. Here are the details.

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Japan’s No. 2 automaker, long a laggard in the fuel-efficient technology, is countering mighty Toyota with several new models that run on both gas and battery power.
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Jobs Are The Thing

U.S. economy grows slowly, but pink slips gain speed.
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GMAC reports $2.48B quarterly loss

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Carl Icahn’s breakup strategy for Motorola has some cracks in it.

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The dollar lost ground against major currencies Thursday after a report showed the economy grew less that expected over the past several months, and jobless claims reached the highest levels since 2003.

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Freddie Mac and Fannie Mae continued their fall; Rohm & Haas and Barr Pharmaceuticals jumped on buyout bids.
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Exxon Shares Slip

The company reported strong earnings, but it wasn’t enough to impress investors or analysts.
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