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microsoft-012615.jpg Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products.

unitedtech-012615.jpg United Technologies Corp (UTX) on Monday reported an increase in profit for the fourth quarter as revenues grew, with the conglomerate slashing its full-year profit forecast citing a strong U.S. dollar. Hartford, Connecticut, based United Technologies' fourth-quarter profit rose to $1.47 billion or...

texas-012615.jpg Texas Instruments, the world's largest analog chip maker, Monday reported a 61 percent jump in fourth-quarter profit, led by growth in analog and embedded processing as well as one-time gains. Earnings were in line with Wall Street estimates, while revenues were above expectations.

wallstreet3-121214_26Jan15.jpg After recovering from an early move to the downside, stocks moved modestly higher over the course of the trading day on Monday. With the turnaround on the day, the tech-heavy Nasdaq closed higher for the sixth consecutive session.

Crudeoil-012215_26Jan15.jpg After fluctuating for much of the day, U.S. crude oil ended lower to a near 6-year low for a third session Monday, amid speculation that the OPEC will keep prices low in a bid to stifle competition. Saudi Arabia, Iran and other major OPEC producers are convinced they can withstand cheap oil while...

Gold-051612_26Jan15.jpg Gold futures ended lower for a second straight session Monday, ahead of the Federal Reserve's policy meet minutes with waning safe haven appeal for the precious metal, even as investors remain focused on this week's closely-watched Federal Reserve meeting. Although the Federal Reserve members are...

blizzard-012615.jpg Thousands of flights have been cancelled ahead of a major winter storm that is expected to hit the U.S. Northeast from Monday through Tuesday. According a fresh bulletin from the National Weather Service, a storm system off the East Coast will continue to strengthen as it develops into a major nor'easter...

wallstreet-112014_26Jan15.jpg After coming under pressure in early trading, stocks have regained some ground over the course of the trading session on Monday. The major averages have climbed well off their lows for the session and are now nearly flat on the day.

cadburysegg-012615.jpg English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier...

GasPrice-012615.jpg Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.

walmart-vudu-012615.jpg Wal-Mart Stores Inc. (WMT) has launched its own video streaming device, the Vudu Spark. The stick is available for sale only through Walmart's select retail stores and over its website, as the retail giant takes on Amazon's Fire TV Stick, Google's Chromecast and Roku's Streaming Stick. Walmart has...

facebooklit-012615.jpg Facebook Lite, an Android app aimed at users of low-end mobile devices in developing countries, is available on Google Play. The tiny 252-262KB download is also a better fit for users of older phones or those on a slower 2G network. The quick-loading, low-fi Facebook app is based on Snaptu, an...

FDA-Medicine-012615.jpg The process of drug development is challenging. Some drugs pass the FDA muster easily, while some face a host of hurdles before getting the official stamp of approval.

blizzard-flight-012615.jpg In response to warning of a major snowstorm Juno in northeast U.S., more than five thousand flights have been canceled in various cities. According to data provided by FlightAware around 10 am ET, 2580 flights are canceled on Monday, while 2821 flights scheduled to fly on Tuesday are also grounded.

wallstreet-121514_26Jan15.jpg Stocks have moved moderately lower in early trading on Monday, giving back ground after seeing some strength last week. The major averages have all slid into negative territory after ending last Friday's trading mixed.

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