SAN JOSE, California (AP) - Cisco Systems Inc.'s first-quarterprofit jumped 37 percent, edging the world's largest networkingsupplier past Wall Street's estimate Wednesday as demand continuedrising for sophisticated Internet machinery.
All eyes are on oil as mounting supply concerns keep prices on track to hit a new milestone. BloggingStocks'Joseph Lazzaro breaks down the "vicious circle"plaguing the oil market and notes why some believe that "$110 looks like the next target."
DETROIT (Nov. 6) - General Motors Corp. said Tuesday it will record a $39 billion net noncash charge for the third quarter because of negative changes in its historical three-year cumulative loss.
WASHINGTON (AP) - Federal regulators on Wednesday announcednearly $7.7 million in settlements with six companies - includingCraftmatic Industries and ADT Security Services - accused ofcalling people on the national Do Not Call list.
SAN FRANCISCO (AP) - Lost drivers soon will be able to Googlefor help at the pump. As part of a partnership to be announcedWednesday, the online search leader will dispense drivingdirections at thousands of gasoline pumps across the United Statesbeginning early next month.
Oil prices rose more than $2 per barrel and set a new tradinghigh on Tuesday on expectations of declines in U.S. crude oilstocks, fueling concerns of a supply shortage as winter begins inthe Northern Hemisphere.
NEW YORK (AP) - Time Warner Inc. on Wednesday reported a 53percent decline in net income for the third quarter versus the sameperiod a year ago, when results were boosted by tax and investmentgains.