Led by Tech Stocks, S&P 500 Reaches New High
Technology companies led the stock market higher Monday, pushing the Standard & Poor's 500 index above the all-time closing high it reached earlier this month.
Technology companies led the stock market higher Monday, pushing the Standard & Poor's 500 index above the all-time closing high it reached earlier this month.
Bayer has agreed to buy U.S. contraceptive devices maker Conceptus for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.
Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.
Burger King says its first-quarter earnings more than doubled even though revenue fell, as the fast-food chain trimmed several restaurant-related expenses.
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Marlboro-maker Altria Group's first-quarter profit rises on higher prices for its cigarettes and smokeless tobacco products.
Bristol-Myers Squibb posted a 45 percent drop in first-quarter profit as revenue from its Plavix blood-thinning drug plunged 95%.
Exxon Mobil's quarterly profit edged up, as the world's largest publicly traded oil company's results were helped by higher earnings in its chemicals business.
United Continental Holdings posted a smaller quarterly loss on Thursday, as the world's largest carrier was helped somewhat by lower fuel prices and higher passenger revenue.
Higher fares are helping Southwest Airlines make more money than Wall Street expected, but the company says automatic federal spending cuts could hurt revenue in April.
Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other executives received pay of more than $124 million.
Boeing posted strong first-quarter results on Wednesday that handily beat analyst estimates and showed little impact from the 787 Dreamliner crisis.
Procter & Gamble says its net income rose 6 percent in the fiscal third quarter, as it cut costs and gained market share in North America.
Ford reported better-than-expected first quarter earnings thanks in part to brisk sales of its Ford Fusion family sedan, which won AOL Autos Car of the Year honors for 2012.














