Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. The consensus was for $4.77 per share. Photograph: Saul Loeb/AFP/Getty Images

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding work(...)

Exxon Mobil:  will reduce its share buyback programme in the first quarter by more than half to $1bn. Photograph: Jason Reed/Reuters

Exxon Mobil’s quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a (...)

 Larry Ellison walks off stage after delivering his keynote address at the 2008 Oracle OpenWorld conference. Photograph: Justin Sullivan/Getty Images

Larry Ellison, co-founder and leader of Oracle for 37 years, stepped aside as chief executive officer late yesterday, to be replaced by co-chief execu(...)

Monsanto develops genetically engineered corn, soybeans and other crops and sells the Roundup herbicide.

Monsanto, the world’s largest seed company, reported better-than-expected first-quarter earnings as higher herbicide sales offset a decline in its cor(...)

FedEx earned $500 million, or $1.57 a share, in the second quarter ended November 30th, versus $438 million, or $1.39, in the same quarter last year. Photographer: Mannie Garcia

FedEx Corp raised its full-year earnings forecast yesterday but its quarterly results missed Wall Street estimates as revenue declined at express deli(...)

Chevron says net second-quarter income fell to $4.95 billion compared with $5.25 billion a year earlier, as  Chevron shares fell the most in a month yesterday.

Chevron, the second-largest US energy producer by market value, has reported profit that missed analysts’ estimates for a second straight quarter as s(...)

Exxon and other large oil companies struggling to boost production in recent years have spent heavily on new projects. In the first nine months of this year, Exxon alone spent $33 billion.

Exxon Mobil, the world’s largest publicly traded oil company, has reported higher-than-expected quarterly results as output rose for the first time in(...)

Wal-Mart  expects net sales to be up between 2-3 per cent for the fiscal year, down from an earlier forecast of a rise of 5 per cent to 6 per cent. The retailer also cut its profit forecast by 10 cents a share.

Wal-Mart Stores has posted disappointing quarterly sales after shoppers worldwide proved cautious, prompting the discount retailer to lower its yearly(...)

Wall Street analysts had expected McDonald’s business to pick up in the middle of this year as food inflation and other pressures ease.

McDonald’s dashed investor hopes that its business would strengthen in the second half of the year, blaming tougher competition in the US and weaker s(...)

GM shares rose 3.6 per cent to $31.27, near their initial public offering debut of $33 in the fall of 2010, and hit the highest point since July 2011. Photograph: Reuters

General Motors posted stronger-than-expected quarterly profit yesterday as the US car firm kept a tight grip on costs in its North American and(...)