Global corporate earnings growth is poised to accelerate this year as higher spending by U.S. consumers and Europe’s gradual rebound from a two-year recession help offset a slower economic expansion in China.
In the midst of the financial crisis in 2008, Evernote needed money. The Silicon Valley software maker had been setting up meetings with just about anyone with cash who was willing to listen to their pitch. Finally, a prospect emerged in the investment arm of NTT DoCoMo, Japan's largest mobile carrier.
3M Co., the maker of Post-it Notes and fuel system tuneup kits, gained in U.S. trading after posting a first-quarter profit that beat analysts’ estimates because of rising domestic auto and industrial demand.
A U.K. judge upheld a decision that 3M Co., the maker of Post-It Notes, should pay $1.3 million to investors after it decided not to market BacLite, a product that detects hospital super-bug MRSA, the company said.
Ex-Goldman Sachs Group Inc. Director Rajat Gupta sued the U.S. Securities and Exchange Commission, claiming an administrative action for insider trading it filed against him bars him from a jury trial.
U.S. stocks advanced, following yesterday’s decline in the Standard & Poor’s 500 Index, amid better-than-estimated earnings at companies from AT&T Inc. to 3M Co. and as data indicated the housing market is stabilizing.