Yahoo! Finance News – Senate, Oracle, Caterpillar Inc., US Federal Reserve, Senate Vote: OK Billion Cuts, Avert Shutdown
The Senate approved legislation Wednesday to lock in billion in broad federal spending cuts and simultaneously avoid a government shutdown next week.
Oracle Earnings Miss as Hardware Revenue Sinks
Oracle reported lower-than-expected quarterly earnings and revenue on Wednesday, with misses on new software sales and cloud-based subscriptions. The company’s shares tumbled in extended-hours trading.
Caterpillar Reports Slowdown in Sales
Caterpillar Inc. said Wednesday that global sales of its heavy equipment fell 13 percent for the three-month rolling period that ended in February, hurt by a steep drop in Asia Pacific demand.That followed …
Shilling: The Federal Reserve is Hurting Your Savings Account
Those attempting to put money away for college or retirement are being completley ignored by Ben Bernanke and hurt by his low interest rate policy, says Gary Shilling, president of A. Gary Shilling & Co.