Hindustan Construction Company (HCC), one of the leading construction and civil engineering firm, has received a Letter of Intent from Lanco Infratech Ltd.

Ahmedabad-based Sadbhav Engineering has informed that the company has secured a contract worth Rs 268.34 from Gujarat Industries Power Co. Ltd. (GIPCO).

San Francisco - Apple Inc on Tuesday reported a fiscal fourth-quarter profit of 1.14 billion dollars, or 1.26 dollars a share, up 24 per cent from a profit of 904 billion dollars in the same quarter last year.

The company is seeing a resurgence in sales of its computers at the same time sales of its iPhone and other portable devices are also rising strongly.

Apple said its revenue reached 7.9 billion dollars, up from 6.22 billion dollars in sales in the same period a year ago.

San Francisco - Troubled internet giant Yahoo saw quarterly profits plunge 64 per cent and announced Tuesday that it would cut 10 per cent of its estimated 14,300 staff to help control costs.

The internet pioneer reported net income of 54 million dollars, or 4 cents a share, compared to 151 million dollars, or 11 cents a share, in the same period last year.

Washington - Wall Street stocks posted significant losses Tuesday on disappointing profit reports from technology and commodity producers, overshadowing another massive infusion of liquidity by the Federal Reserve.

Metals giant Freeport-McMoRan Copper & Gold Inc reported a 33-per- cent drop in third-quarter earnings. Tech firms Texas Instruments Inc and Sun Microsystems Inc also reported worse-than-expected profits.