Apple beats estimates but guides lower

Spain 'to slide into recession'
Spain is likely to slip into recession in the fourth quarter and stay there into 2009, the Bank of Spain governor says.

HP's profits exceed expectations
The world's biggest PC maker, Hewlett-Packard, has revealed better-than-expected net profit in the fourth quarter.

Starbucks sees profits evaporate
Starbucks' fourth-quarter profit is almost wiped out by the cost of closing under-performing outlets and falling customer numbers.

Arcelor plans 30% cut in output
The world's largest steelmaker, ArcelorMittal, says it will double planned output cuts in the fourth quarter to 30%.

Microsoft beats Street but cuts outlook
Microsoft announced Thursday that revenue and profits rose in its fiscal first quarter thanks to strong sales in its server and business software...