Second Quarter | featured news

Portfolio managers will be doing some last-minute shopping for winners from the big stock market rally as they take part next week in the quarter-end ritual of window dressing.

IBM led the worldwide server market in Q2 2011 with a 30.5% market share, topping HP which fell to the second position after its market share dropped to 29.8%, down 1.7 percentage points from Q1 2011.

The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.

AOL shares have been under serious selling pressure for weeks now, thanks in part to a weaker-than-expected Q2 financial report that added to the Street?s growing concerns about whether the company?s turnaround strategy is actually going to work. The stock, which as recently as early July was north of $20, lately has been struggling to ...

Twenty-three lenders fell off the government’s list of so-called “problem banks” in the second quarter, bringing the total to 865.

French economic growth ground to a halt in the second quarter, raising pressure on the government to cut spending and abolish tax breaks to convince turbulent financial markets it will deliver on debt reduction targets.

Chevron reported a 51% rise in second-quarter earnings as the second-largest U.S. oil company benefited from high crude prices and stronger refining margins.

Both companies report rising sales, but Ford Motor Co. says profits fell about 8% compared with the same period last year as the automaker paid off debt and invested in new vehicles.

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.