Web retailer Amazon.com Inc. said Tuesday that its third-quarter profit more than quadrupled as shoppers around the world bought more books, music, electronics and other goods than they did in the same period a year ago.
With no other suitors stepping forward, business software maker Oracle Corp. is threatening to abandon its $6.7 billion (?4.7 billion) bid for BEA Systems Inc. unless its smaller rival accepts the offer by Sunday evening.
Wall Street ended an erratic session with a big advance Tuesday as investors uneasy about the economy were reassured by solid earnings from blue chip names including Apple Inc. and American Express Co. The Dow Jones industrial average rose more than 100 points.
Soybean prices rose Tuesday on expectations U.S. supplies will shrink rapidly in the coming months amid growing demand for the beans to feed livestock and make alternative fuel.
Economists from Detroit's auto industry said Tuesday the United States and the international community need to pressure Japan over the value of the yen, which they say is leading to windfall profits for Japanese auto companies.
Amgen Inc. said Tuesday a jury ruled in its favor in a patent dispute over an anemia treatment whose possible U.S. launch could challenge the drug maker's top-selling drug.
Alan Greenspan said Tuesday that a bloated inventory of new homes has unsettled the U.S. economy but expressed optimism the nation will avoid a recession.
The chief executive of Anglo American PLC, the world's second-largest mining company, has crisscrossed Alaska over the past two days, meeting key politicians and business leaders in her pitch for transforming lands in western Alaska into one of world's largest mines.
