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- U.S. stock-index futures pointed to a flat open for Wall Street, as investors remained focused on Greece’s politics and finances.
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Deere fiscal 2Q profit rises, beats expectations
From Associated Press
May 16, 2012 7:34 AM EDT

MOLINE, Ill. (AP) — Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.

PARIS (AP) — France raised €9 billion ($11.6 billion) in a successful pair of bond auctions Wednesday that also saw some of its long-term borrowing costs move up.

HELSINKI (AP) — Nokia has been bumped off its 14-year top spot as the world's largest cellphone company by Samsung, according to a British research firm.

LABOR REFORMS: Premier Mario Monti is pushing big changes to labor law, including a much-contested measure making it easier to fire workers.

NEW YORK (AP) — Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.

LONDON (AP) — The shockwaves from Greece's failure to form a coalition government continued to reverberate around markets on Wednesday, with investors concerned that the country was heading for the euro exit door, thereby fracturing Europe's single currency.

DHAKA, Bangladesh (AP) — Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus.

When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network's worldwide reach, was all but unknown to the public.

SINGAPORE (AP) — Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected last week.

Without fanfare, the nation's nuclear power regulators have overhauled community emergency planning for the first time in more than three decades, requiring fewer exercises for major accidents and recommending that fewer people be evacuated right away.

PARIS (AP) — Airbus parent company EADS said Wednesday its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.

LOS ANGELES (AP) — U.S. credit card users are getting better about making more timely payments, even as banks are increasingly issuing cards to borrowers with less-than-stellar credit.

OMAHA, Neb. (AP) — Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co.

TAMPA, Fla. (AP) — The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.

NEW YORK (AP) — Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.

WASHINGTON (AP) — Government leaders past and present gathered in Washington on Tuesday to do what they do best about the nation's deficit woes: talk.

WASHINGTON (AP) — The government's vehicle for promoting U.S. export sales survived a challenge from conservatives Tuesday with a Senate vote to renew the charter of the Export-Import Bank for three years.

NEW YORK (AP) — A federal judge cited the confident voice of the late Apple founder Steve Jobs on Tuesday as she refused to toss out lawsuits alleging the company and various publishers conspired to drive up the price of electronic books.

NEW YORK (AP) — Turns out, J.C. Penney shoppers don't prefer predictable pricing over blockbuster bargains — at least not yet. The department-store chain on Tuesday reported a larger-than-expected first-quarter loss largely because customers were turned off by the retailer's new plan to get rid of big sales throughout the year in favor of everyday low pricing.

NEW YORK (AP) — Home Depot said Tuesday that its first-quarter net income climbed nearly 28 percent as unseasonably warm winter and increased business from contractors and other professional customers boosted results at the world's biggest home-improvement company.

WASHINGTON (AP) — Facing a mysterious safety problem with the Air Force's most-prized stealth fighter, Defense Secretary Leon Panetta on Tuesday ordered new flight restrictions on the F-22 and summoned help from Navy and NASA experts.

WASHINGTON (AP) — Myanmar democracy leader Aung San Suu Kyi is cautiously backing a U.S. senator's proposal to suspend U.S. economic sanctions.

Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in two weeks.

WASHINGTON (AP) — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.

ATHENS, Greece (AP) — Greece headed into a month of political uncertainty after power-sharing talks collapsed Tuesday, triggering new elections that could determine whether the country retains its tenuous position in Europe's currency.