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Tuesday, April 24, 2012

Business Today: Dow, S&P up on earnings, but tech hits Nasdaq

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04/24/2012
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Dow, S&P up on earnings, but tech hits Nasdaq
NEW YORK (Reuters) - Stocks rose on Tuesday after strong earnings from big manufacturers and AT&T, but the Nasdaq declined on weakness from large-cap tech companies.
Home prices seeing some signs of stability
NEW YORK (Reuters) - The housing market is seeing hints of stabilization, with February home prices rising for the first time in 10 months, according to a survey on Tuesday, while a measure of consumer confidence last month fell more than expected.
Apple infringes on Motorola Mobility patent: ITC
WASHINGTON (Reuters) - Apple Inc infringed on a Motorola Mobility Holdings Inc patent in making its popular iPhones, iPads and other products, a judge for the International Trade Commission ruled on Tuesday.
Wal-Mart creates global anti-bribery watchdog post
(Reuters) - Wal-Mart Stores Inc said on Tuesday that it has created a new global position to oversee compliance with a U.S. law that forbids bribes to foreign officials as it grapples with a bribery scandal that has led to more than $10 billion being cut from its market value.
AT&T profit up, helped by iPhone sales drop
NEW YORK (Reuters) - AT&T Inc reported a higher-than-expected quarterly profit on Tuesday, sending its stock up as much as 4 percent, as a decline in iPhone sales reduced the amount of cash it had to pay Apple Inc and boosted its margins.
Oracle confronts Google's Schmidt about Java
SAN FRANCISCO (Reuters) - Google's former chief executive, Eric Schmidt, testified in court on Tuesday that he could not recall whether he was told in 2005 by people within his company that it had to pay for a license from Sun Microsystems to use the Java programming language.
3M profit exceeds expectations; graphics unit sags
(Reuters) - 3M Co reported an increase in quarterly profit and slightly lifted its full-year outlook on Tuesday, exceeding analyst expectations even as the closely watched display and graphics business continued to struggle and Asia sales declined.
U.S. charges ex-BP engineer obstructed spill probe
(Reuters) - A former BP Plc engineer was arrested and charged on Tuesday with trying to destroy evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in April of 2010, the U.S. Justice Department said.
GE CEO says electric car disappointment will fade
DETROIT (Reuters) - General Electric Co Chief Executive Jeff Immelt said people "may be disappointed in the adoption of the electric vehicle" but his company will continue investing in battery technology to reflect its confidence in an eventual uptick.
CFTC's Sommers says no conclusions yet on MF Global
WASHINGTON (Reuters) - The futures regulator has the power to go after top executives who "aid and abet" violations by their companies, said Jill Sommers, who is heading up the Commodity Futures Trading Commission's probe into bankrupt brokerage MF Global.
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