Staples warns on 2Q earnings (AP)

AP - Staples Inc. warned Tuesday that its second-quarter results, excluding its acquisition of Corporate Express, would be weaker than anticipated as American consumers pulled back on spending.

Melbourne IT on track for profit growth

Online services provider Melbourne IT Ltd says it is on track to deliver growth in revenue and profit, after booking a 20 per cent lift in half year profit.

Fed officials say must be ready to curb inflation (Reuters)

Reuters - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed.

Hewlett-Packard quarterly profit rises (Reuters)

Reuters - Hewlett-Packard Co, the world's biggest computer maker, reported a higher quarterly profit on Tuesday on strong international sales in its notebook computer and printer businesses.

Microsoft pursues search improvements, sans Yahoo (InfoWorld)

InfoWorld - While the company only has a 10 percent share of the search market with its Live Search technology, Microsoft has big plans to enhance its platform regardless of what happens with its now-dormant proposal to buy Yahoo.

Monadelphous says prospects good

Monadelphous Group said capacity constraints would continue to provide uncertainty around construction revenues after it booked a 15 per cent rise in profit.