The second-quarter profits for most-watched U. S. television network, CBS Corp. (CBS), are much more than what was estimated by the analysts. This enabled the company to double its buyback and also provide a higher dividend.

Malaysia Airline System (MAS) reputation has been tarnished owing to two major tragedies. Recently, Khazanah Nasional, a Malaysian sovereign wealth fund, has proposed to takeover of the troubled airline.

The largest food company in the world, Nestle SA (NESN), has plans to spend $8.8 billion in its first share buyback in the past three years after it reported a revenue growth that exceeded all estimates by analysts.

During the course of his speech at the US-Africa Business Forum in Washington, D. C. on Tuesday, President Barack Obama was asked about his position on net neutrality; to which he replied that 'paid prioritization' - otherwise called 'fast lanes' - is opposed by his administration.

A civil investigation has been launched by federal prosecutors after concerns were raised over negligence by some regulators that keep a check on packaging and selling of questionable loans to investors. The subprime auto loan market is surging, but there have also emerged signs of false information given in loan applications by borrowers about their income and employment.

Hyundai Motor Co. has announced to recall its 883,000 Sonata sedan cars from 2011-2014 model years due to gear shifting problems.

The Energy Information Administration (EIA) has revealed in its recent data that gas prices at the pumps continued to witness a fall over the last week, for US consumers in 46 states and Washington D. C.

Micro-blogging site Twitter's CEO reported the earnings for the third time, registering growth in net profit after recovering from heavy losses. The positive results helped the stock with a sensational 33% in the late trading.