Apple (AAPL) earnings surpassed expectations- AAPL is trading higher by 1.41 percent to $342.61 in pre-market trading. Over the last 52 weeks the stock has ranged from a low of $199.25 to a high of $364.90. AAPL will report its fiscal-Q2 earnings after today's close. Analysts are expecting the tech titan to post a profit of $5.36 per share on revenue of $23.43 billion, compared to a year-ago profit of $3.33 per share on revenue of $13.50 billion. Apple planned to deeply integrate Facebook into iOS, letting you for example share your photos on Facebook more easily, 9to5Mac says after examining the white iPhone leak.
BP plc (BP) sued Transocean (RIG) for $40.9 billion to cover costs related to Deepwater Horizon, The lawsuits seek damages to help BP pay for the $40.9 billion in liabilities it has incurred from the disaster.
Fiat SpA (F) will pay $1.27 billion to raise its Chrysler LLC holding to 46 percent, boosting Chief Executive Officer Sergio Marchionne's chances of gaining control of the American carmaker before pursuing a share sale.
Verizon (VZ) said it was not certain whether it would market the Research In Motion (RIMM) Playbook- While BlackBerry maker RIM had said it expected Verizon Wireless to be one of its distribution partners for PlayBook, the company said it has yet to make a decision.
Publicis Groupe SA (PUB), owner of the Leo Burnett and Saatchi & Saatchi ad agencies, said first- quarter sales rose 11 percent on business in North America and Europe as well as growth in digital activities.
The dollar tumbled to a three-year low against a basket of currencies on Thursday as strong corporate earnings buoyed risk appetite in illiquid pre-Easter trade, threatening to drive it to historic lows.
The improvement in smartphone plans and parts issues from Japan will dominate questions about Nokia's (NOK) earnings- To turn around its smartphone fortunes, Nokia's new Chief Executive Stephen Elop in February unveiled a deal to start using Microsoft software instead of its own Symbian platform.
AT&T (T) earnings were strong despite the loss of iPhone exclusivity- reported its first-quarter results, highlighted by continued robust mobile broadband growth with record first-quarter smartphone sales. Net income for the quarter was $3.4 billion, or $0.57 per share, compared with net income of $2.5 billion, or $0.41 per share, in the first quarter FY 2010.
American International Group Inc. (AIG) sold its asbestos risk to Warren Buffett's Berkshire Hathaway Inc. (BRK.B)- AIG will pay Berkshire about $1.65 billion to shoulder the bulk of the U.S. asbestos obligations from its Chartis unit, the company said in a statement Wednesday. The deal gives Buffett added funds to invest in the years before AIG's claims come due.
Boeing (BA) will fight an NLRB complaint that would move some 787 production to a unionized plant- Federal labor regulators are accusing Boeing of putting one of its assembly lines for the new 787 in South Carolina to retaliate against union workers who went on strike in 2008.
Google (GOOG) will work with the U.S. Energy Department to help consumers locate electric-vehicle charging stations, Energy Secretary Steven Chu said. Google and the agency's National Renewable Energy Laboratory will identify the stations, which will be displayed on Google Maps and global positioning systems.
Royal KPN NV, the largest Dutch phone company, cut its 2011 profit forecast and plans to eliminate as much as 25 percent of its workforce in the Netherlands by 2015 as revenue stagnates.
Wells Fargo's (WFC) has embarked on an ambitious effort to cut expenses, as the nation's fourth-largest bank puts a new emphasis on cost controls amid lackluster revenue growth.
China's shares ended higher Thursday, tracking firmer regional markets, led by gains in steel makers on hopes for more mergers, while coal miners also rose on expectations of higher coal prices amid robust demand.
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