Reuters - Dow Corning Corp. said on Tuesday its first-quarter net income rose 33 percent on the back of strong sales at its semiconductor joint venture and its silicones business.
More: continued here
AP - Circuit City Stores Inc., which has laid off workers and closed stores in an effort to cut costs, says it expects to post a first-quarter loss because of poor big-screen TV sales and is withdrawing its earnings outlook for the first half of the fiscal year.
More: continued here
FT.com - The Shanghai stock exchange is courting HSBC and other high-profile foreign companies to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse.
More: continued here
Reuters - An investor in ABN AMRO has filed a class action suit against the bank in an effort to scrap an $88 billion takeover by Barclays and the sale of U.S. unit LaSalle, saying directors failed in their duties.
More: continued here
Reuters - Procter & Gamble Co. posted a 13.6 percent rise in quarterly profit on Tuesday, driven by developing markets, and raised the low end of its full-year profit forecast due to the growth in the quarter.
More: continued here
Reuters - Apparel maker Liz Claiborne Inc. posted a 65 percent lower quarterly profit on Tuesday that missed Wall Street estimates, hurt by restructuring charges, lower-than-expected wholesale sales and higher markdowns.
More: continued here
Reuters - Billionaire investor Carl Icahn on Tuesday stepped up his public campaign for a seat on Motorola Inc.'s board, saying the company has "suffered a critical failure in oversight and leadership."
More: continued here
AP - Consumer spending rose at the weakest pace in five months in March as a surge in gasoline prices left shoppers with little left over for other items.
More: continued here