Cisco beats forecasts, points to recovery - Reuters - 41 minutes ago
Cisco Systems Inc posted a stronger-than-expected profit for its fiscal first quarter and said a recovery in business was well under way because customers are investing in network equipment again after cutting back for the past year.

Qualcomm outlook off but shares up after Samsung deal - Reuters - 1 hour, 4 minutes ago
Wireless chip supplier Qualcomm Inc on Wednesday forecast weaker than expected full- year results, but its extension of a key deal with Korea's Samsung Electronics helped offset the disappointment for some investors.

Fed sees rates near zero for "extended period" - Reuters - 1 hour, 35 minutes ago
The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."

Senate approves aid for jobless, homebuyers - Reuters - 1 hour, 59 minutes ago
U.S. Senate voted on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.

News Corp profit better than expected, shares up - Reuters - 2 hours, 21 minutes ago
News Corp reported a higher-than-expected quarterly profit as gains at its Fox cable network and film divisions, plus cost cuts, helped offset declines at its television stations and newspapers.

Prudential swings to 3rd-quarter profit - Reuters - 2 hours, 25 minutes ago
Prudential Financial Inc , the No. 2 U.S. life insurer, said on Wednesday it had a third-quarter profit, reversing a year earlier loss, on record annuity sales and better performance in its investment portfolios.

Wall Street rally fades late after Fed; Cisco up late - Reuters - 2 hours, 42 minutes ago
U.S. stocks rallied but lost steam on Wednesday after the Federal Reserve said it would keep rates near zero for "an extended period" even as it expressed confidence in the economic recovery.