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Reuters »

HP profit, revenue top estimates slightly

SAN FRANCISCO (Reuters) - Hewlett-Packard Co reported better-than-expected quarterly earnings and revenue on Tuesday and said fiscal year revenue and earnings would be at the midpoint of its previous forecast.

Hedge funds soar in ‘09, most still in the red

NEW YORK (Reuters) - Hedge funds are having their best year since 1998, yet most fund managers still are well below their peaks before the market’s meltdown last year, industry analysts said.

MGM studio replaces CEO, hires turnaround expert

NEW YORK/LOS ANGELES (Reuters) - Metro-Goldwyn-Mayer Inc has replaced its chief executive, Harry Sloan, with a team that includes a turnaround expert and its production boss, Mary Parent, as the storied Hollywood studio grapples with reducing a high debt load.

Prius, iQ top German green car list

Aug. 18 - Asian carmakers Toyota and Honda come out on top of a German automobile club’s list of environmentally-friendly cars.

Oil settles above $69 on Wall Street gains

NEW YORK (Reuters) - Oil settled above $69 a barrel on Tuesday, up more than 3 percent, as stronger-than-expected earnings results lifted equities and boosted optimism about the economy.

Thrivent bullish on managed care

Aug 18 - David Heupel, senior equity portfolio manager at Thrivent Financial, is bullish on managed care and recommends buying UnitedHealth Group as turmoil over health care reform in Washington continues.

PIMCO’S El-Erian: U.S. stock rally has hit a wall

NEW YORK (Reuters) - Mohamed El-Erian, the chief executive of top bond fund manager PIMCO, on Tuesday said the rally in U.S. stocks had topped out because valuations have shot up too quickly.

U.S. July producer prices fall 0.9 percent on gasoline

WASHINGTON (Reuters) - U.S. producer prices fell by a larger-than expected amount in July and notched a record decline compared with a year earlier as gasoline prices plummeted, government data on Tuesday showed.

U.S. housing starts, permits fall in July

WASHINGTON (Reuters) - New U.S. housing starts and permits unexpectedly fell in July, pulled down by steeper declines in multifamily units, a government report showed on Tuesday.

Stock futures pare gains after housing data

NEW YORK (Reuters) - Stock index futures pared gains on Tuesday after a government report showed new housing starts and permits unexpectedly fell in July.

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