Intuit, maker of QuickBooks accounting software, posted a narrower-than-expected quarterly loss on tight cost controls, though it issued a profit outlook below Wall Street projections.
The computer maker reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
About one quarter of the companies that cut contributions to their employees' 401(k) retirement-savings plans recently have restored the match or plan to do so over the next year, a study by Fidelity Investments has found.
Shares of network security provider Fortinet Inc soared Wednesday in their debut on the Nasdaq, in what is on track to be among the strongest debuts of any initial public offering in 2009.
A just-announced plan for General Motors to repay roughly $8 billion in debt to the United States and Canada would be re-evaluated in June, the Obama administration's top automotive official said.
Microsoft has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements.
Autodeskshares tumbled in late trading Wednesday, even through the company beat its third quarter earnings forecast, as the software firm gave an outlook that disappointed investors.
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