NEW YORK (Reuters) - Stocks rose on Monday after strong results from IBM relieved concerns about the global economy and spurred a broad rebound from last week's slide.
NEW YORK (Reuters) - IBM reported a better- than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 5 percent and spurring a broader tech rally.
NEW YORK (Reuters) - Citigroup Inc , the largest U.S. bank, may eliminate 17,000 to 24,000 jobs and write off as much as $24 billion for subprime and other credit losses, as part of a plan to cut costs and add capital, CNBC television said on Monday.
LOS ANGELES (Reuters) - Biotechnology company Genentech Inc said on Monday its fourth-quarter profit rose 6.4 percent, but sales of several drugs, including blockbuster cancer drug Avastin, fell short of investor expectations, sending the company's shares lower.
WASHINGTON (Reuters) - Communications regulators have cleared Google Inc to bid in an upcoming auction of coveted wireless airwaves, according to auction documents released by the Federal Communications Commission on Monday.
LONDON (Reuters) - Major American banks are expected to unveil substantial losses and secure more cash from abroad in what is shaping up to be a pivotal week for the global credit crisis, with central banks also poised to weigh in again.
LONDON (Reuters) - Gold surged to a historic high above $910 an ounce on Monday as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
DETROIT (Reuters) - Toyota Motor Corp , likely to claim the title of world's biggest automaker later this month from General Motors Corp , on Monday threw down the gauntlet to GM in a race for the next "green" car.
