Texas Instruments narrowed a quarterly earnings and revenue target range it issued in April because of caution among its chip customers and weak demand for high-end phones.


The housing agency attributed the unexpected losses to high default rates in its portfolio of home loans.


Steven P. Jobs announced a new version of the iPhone on Monday with a raft of new programs, more powerful wireless Internet connections and a sharply reduced price.


The firm posted a loss of $2.8 billion for the second quarter and said that it will raise up to $6 billion in fresh capital from investors.


Steven P. Jobs announced a new version of the iPhone on Monday with a raft of new programs, more powerful wireless Internet connections and a sharply reduced price.


Timothy Geithner said the current system of supervision is confusing and susceptible to “perverse” abuses.


Shares fluctuated on Monday as crude oil prices pulled back, but a larger-than-expected loss from Lehman Brothers added to concerns about credit markets.


McDonald’s said that it had stopped serving sliced tomatoes in its restaurants over concerns about salmonella food poisoning linked to uncooked tomatoes.


McDonald’s said that it had stopped serving sliced tomatoes in its restaurants over concerns about salmonella food poisoning linked to uncooked tomatoes.


Timothy Geithner said regulatory reforms should be accompanied by global initiatives to make the financial architecture stronger across borders and better able to respond to crises.


 
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