BET ON FAILED BANK INDYMAC CREATES WINDFALL -- UPDATE
An investment group backed by John Paulson, George Soros,
Michael Dell and Christopher Flowers stands to gain more than $3
billion from a bet made on a failed lender during the depths of the
financial crisis. (published 0057 GMT)
APPLE REPORTS STRONG IPHONE SALES -- 4TH UPDATE
Ahead of a refresh of the iPhone, Apple Inc. reported 12% profit
growth and strong sales of its current handset, especially in
markets far afield from its traditional customer base in the U.S.
(published 2355 GMT Tuesday)
FOX MINDFUL OF DEBT AS IT EYES TIME WARNER
Ever since his News Corp survived a bruising liquidity crisis in
the early 1990s, Rupert Murdoch has been careful to avoid getting
overextended financially. But his pursuit of Time Warner Inc. could
test that philosophy. (published 2341 GMT Tuesday)
J.P. MORGAN NEARS DEAL FOR BUYOUT ARM--UPDATE 1
J.P. Morgan Chase & Co. is nearing a deal to sell half its
stake in the portfolio of its buyout arm, One Equity Partners,
according to people familiar with the matter, as the bank pares
down to focus on core businesses. (published 2234 GMT Tuesday)
MICROSOFT'S PROFIT TAKES HIT ON NOKIA -- UPDATE
An initial report card came in for Microsoft Corp.'s purchase of
Nokia Corp.'s mobile phone business. As feared, the marks were
poor. (published 2309 GMT Tuesday)
LINKEDIN TO BUY BIZO FOR ABOUT $175 MILLION -- UPDATE
LinkedIn Corp. has agreed to buy business audience marketing
provider Bizo for about $175 million, a deal the social networking
company said will enhance its ability to offer a comprehensive
business-to-business marketing platform for brands. (published 2105
GMT Tuesday)
HERBALIFE RALLIES AS ACKMAN HITS AWAY
William Ackman had promised a "death blow" against Herbalife
Ltd. Wall Street instead gave new life to the
nutritional-supplement company's stock. (published 2337 GMT
Tuesday)
VMWARE'S PROFIT DOWN ON AIRWATCH ACQUISITION COSTS -- UPDATE
Software company VMware Inc.'s second-quarter earnings fell 32%
largely resulting from costs tied to its acquisition of mobile
device management company AirWatch. (published 2318 GMT
Tuesday)
BHP OUTPUT TRUMPS FORECASTS FOR FISCAL YEAR
BHP Billiton Ltd. exported more iron ore than expected from
mines in Australia's northwest last fiscal year even after lifting
guidance twice, as the world's largest mining company aimed to
squeeze more from its operations. (published 2313 GMT Tuesday)
JUNIPER NETWORKS POSTS SOLID GAINS -- UPDATE
Juniper Networks Inc.'s second-quarter profit more than doubled
as the networking-equipment company posted solid gains in product
and services revenue. (published 2249 GMT Tuesday)
UNITED TECHNOLOGIES SHARES SLIDE -- 3RD UPDATE
Shares of United Technologies Corp. slid Tuesday in response to
weak order growth, disappointing margins and some one-time hits
even as the company raised its outlook for the year. (published
2126 GMT Tuesday)
BROADCOM SAYS IT WILL CUT 2,500 JOBS -- UPDATE
Broadcom Corp. said about 2,500 employees will lose their jobs
as it moves to wind down rather than sell an operation that had
been making baseband chips for mobile devices. (published 0052
GMT)