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DaimlerChrysler has substantially increased its second quarter operating profit from $0.8 billion to $2.5 billion. The Chrysler Group, Commercial Vehicles and Services divisions significantly improved their earnings, though the operating profits of the Mercedes car group and the other activities seg...

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. Upon closing, Cyanea's ope...

Crude oil prices soared Wednesday, reaching their highest levels in 20 years after another violent day in Iraq and more bad news from Russia's Yukos renewed fears about supplies to the U.S. and other countries being impacted by terrorism. During the trading day, prices for crude futures actually set...

The price of crude oil hit a record high of 43 dollars per barrel Wednesday in the NYMEX futures' market. Trading prices dropped again to 42.85 dollars but remained above previous record of 42.45 dollars per barrel, set on June 2. Wednesday's top price, asked for oil to be delivered in September, wa...

Consumer confidence jumped more than 3 points this month, reaching a two-year high and providing a sign that the economy might be in for another burst of growth. The news was enough to send the bulls running on Wall Street, driving the Dow up by triple digits and ending a lengthy skew of losing or f...

BMC Software today announced financial results for its fiscal 2005 first quarter ended June 30, 2004. BMC Software's net earnings excluding special items for the first quarter of fiscal 2005 were $32.1 million, or $0.14 per diluted common share, which compares to $0.03 a year ago and the company's r...

Boston Scientific today announced financial results showing net sales roared up 71 percent to $1.46 billion in the second quarter over the same time last year, and net income skyrocketed by 200 percent, to $377 million. "We experienced impressive growth across all our businesses and regions, and we ...

Stocks were unable to muster much of a bounce today off the lows set at the end of last week as investors fretted about what government economic reports to come out later this week would suggest about whether corporate profit growth will slow in coming months. The Dow moved only a fraction of a poin...

MessageLabs, Sophos and Keynote Systems have released alerts about the new W32.MyDoom.O worm variant that has been circulating the Internet today and causing traffic slowdowns. This latest variant in the MyDoom virus family was first identified by MessageLabs at 4:40 ET July 26th 2004. "Sadly, peopl...

Blame it on Microsoft. By now, the software giant must be used to being accused of causing every bad thing that happens, and Friday it found itself squarely on the hook for a dismal day on Wall Street that wrapped up a week most investors are eager to forget. Microsoft, whose Thursday earnings repor...

Wall Street was once again a rollercoaster Thursday as stocks plummeted and then rallied to close higher as investors waited for software giant Microsoft to report earnings after the close of trading. Microsoft, which already made investors happy this week by announcing plans to disperse up to US$75...

Federal Reserve Chairman Alan Greenspan today continued to declare the U.S. economy healthy and ready to continue growing, but investors turned their attention to corporate earnings and didn't like the outlook they saw, sending the markets sharply lower as a result. The markets started the day well ...

Sun Microsystems reported results today for its fiscal fourth quarter and full fiscal year, which ended June 30, 2004. Revenues for the fourth quarter grew to US$3.110 billion, an increase of 4.3 percent as compared with $2.982 billion for the fourth quarter of fiscal 2003. "Delivering growth and pr...

Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised to continue expanding, and suggested that the sudden drop in consumer spending related to inflation will recede over time. In closely watched testimony to the Senate Banking Committee, Greenspan said sharp price increases that m...

Oil prices flirted with record high levels again today as a fresh round of sabotage attacks in Iraq revived fears that supplies to the U.S. could be impacted. Crude oil prices soared as high as $41.90 during the day in New York trading before settling to $41.64 at the close, a seven-week high. Oil s...

Lindows.com and Microsoft today announced that the two companies have reached a worldwide settlement in the trademark-infringement cases between the two companies. "This case was centered on the fundamentals of international trademark law and our necessary efforts to protect the Windows trademark ag...

Apple Computer on Monday introduced an upgraded version of its popular iPod digital music player, adding more features and lowering the price in a bid to ward off competition from the likes of Sony. Apple said the new model iPod features up to 12 hours of battery life, compared with 8 hours on the p...

Despite strong earnings from a number of blue-chip technology companies, the Nasdaq tumbled to a two-month low Friday as the markets closed out a week marked by persistent questions about the economic recovery. The Nasdaq closed at 1,883.15, down 29.56, or more than 1.5 percent on the day, finishing...

Microsoft, America Online and Yahoo announced Thursday they were collaborating to develop the world's largest public instant messaging network. The companies plan to use Microsoft Office Live Communications Server 2005 to connect their IM networks, they said in a joint statement. The platform, still...

Oil worries eased slightly Thursday, but uneven corporate earnings and outlooks that have yet to impress weighed on stocks as the market awaited news from another tech heavyweight. IBM was due to report its second-quarter earnings late Thursday. Earlier in the day, the decision by OPEC to go ahead w...