1201 Cedar Lane, Northbrook, IL 60062
US computer giant Hewlett-Packard on Tuesday reported that it made a profit in its recently ended fiscal year, with cost-cutting efforts countering a slip in revenue. HP said that its profit was $5.1 billion on revenue of $112.3 billion in the fiscal year that ended October 31, compared to a $12.7 billion loss the prior year on revenue of $120.4 billion.
Ajax gave their chances of qualifying for the Champions League last 16 a huge boost as they beat Barcelona 2-1 on Tuesday despite playing almost the entire second-half with 10 men. Frist-half goals from Thulani Serero and Danny Hoessen had the hosts well in command at the break. However, Barca were back in the game minutes after the restart as Joel Veltman was sent off for bringing down Neymar inside the area and Xavi converted the resulting spot-kick. Barca then pressed for an equaliser, but failed to breakdown a stubborn Ajax backline as they slipped to a first defeat in any competition this season.
NEW YORK (AP) — Thanksgiving travelers scrambled to book earlier flights Tuesday to avoid a sprawling storm bearing down on the East Coast with a messy mix of snow, rain and wind that threatened to snarl one of the busiest travel days of the year and ground giant balloon versions of Snoopy and SpongeBob SquarePants in the Macy's parade.
US stocks ticked slightly higher Tuesday, but the Nasdaq surged past the 4,000 mark for the first time in 13 years. The Dow Jones Industrial Average finished the session flat, with a mere 0.26 point gain pushing it to 16,072.80, a record high. The tech-rich Nasdaq Composite outperformed, adding 23.18 (0.58 percent) at 4,017.75, closing above 4,000 mark for the first time since the 2000 dot-com bust. Investors had a batch of data to weigh, including better than expected housing reports and a further slide in consumer confidence.
By Lucia Mutikani WASHINGTON (Reuters) - Permits for future U.S. home construction hit a near 5-1/2 year-high in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing recovery. The data releases on Tuesday were the latest signs of strength in the economy, despite headwinds from rising mortgage rates and last month's partial government shutdown. "The reports reinforce the notion that the housing sector is successfully digesting the summer mortgage rate pop," said Mike Englund, chief economist at Action Economics in Boulder, Colorado. Building permits jumped 6.2 percent last month to an annual rate of 1.03 million units, the highest since June 2008, the Commerce Department said.