By The Associated Press
THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc.
THE TARGET: Cymer's technology makes focused beams of light. Its shares rocketed higher Wednesday.
THE ACQUIRER: ASML uses such beams in machines
RICHMOND, Va. (AP) - Television and digital media company Media General Inc. said Wednesday that its third-quarter net loss widened because of higher expenses, but revenue grew sharply thanks to an increase in political advertising and the Olympics.
The company posted a net loss of $30.3 million,
By The Associated Press
MERRILL LYNCH FALLOUT: Bank of America's third-quarter profits suffered after the bank agreed last month to settle a big shareholder lawsuit. Shareholders accused the bank of misleading them when it bought Merrill Lynch in the depths of the financial crisis.
NEW YORK (AP) - THE NUMBERS: PepsiCo Inc.'s net income fell 5 percent in the third quarter, as the company spent more on marketing and was hit by higher costs for ingredients and unfavorable currency exchange rates.
THE BACKGROUND: As part of a turnaround push, PepsiCo is investing more heavily
NEW YORK (AP) - The nation's crude oil and gasoline supplies increased last week, the government said Wednesday.
Crude inventories grew by 2.9 million barrels, or 0.8 percent, to 369.2 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information
By SAMANTHA BOMKAMPAP Airlines Writer
NEW YORK (AP) - Wanted: A few good recruits to serve coffee and help combat terrorism at 30,000 feet.
American Airlines said Wednesday that it will post job openings for 1,500 flight attendants next month. It will start hiring in December and put the new staff
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Separately on Wednesday, international ratings agency Standard & Poor's sank Cyprus
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.
Even though the two tech giants disappointed, overall
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Nike has severed ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade.
The clothing and footwear company said Wednesday
NEW YORK (AP) - Stocks are opening flat on Wall Street as investors look over key corporate earnings reports.
Just after the opening bell, the Dow Jones industrial average is down 43 points at 13,508. The Standard & Poor's 500 index is up a fraction of a point at 1,455. And the Nasdaq