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Amazon Still Fails To Make A Profit (NASDAQ: AMZN)
Amazon’s third quarter delighted investors because the company sold vast quantities of things to consumers around the world. Unfortunately for Amazon, it lost money while doing so. The company reported that its revenue was up 24... More of this article »
Ford Shifts Focus To Chinese Market (NYSE:F)
Ford has decided to turn its attention to growth in the Chinese market. Ford has bet heavily on the mainland Chinese market and is rapidly expanding there. General Motors has thrived in China, thanks mainly to its Buick brand, which... More of this article »
Blackberry Receives Buyout Offer (NASDAQ:BBRY)
BlackBerry has announced that it has signed a letter of intent to pay shareholders $9 a share in cash to take the company private. The letter of intent for the deal, worth an estimated $4.7 billion, was from a group led by Fairfax... More of this article »
Exxon Announces Health Care Expansion (NYSE:XOM)
Starting on October 1, The Exxon Mobil Corporation will extend health care benefits to married same-sex couples. Exxon will also extend other employee benefits to the same-sex spouses of their employees. In the past, Exxon has drawn... More of this article »
Microsoft Modifies Second Generation Surface (NASDAQ:MSFT)
Because of the less than enthusiastic reaction to the first generation of Microsoft Surface tablets, the company has decided to make a few modifications to the second generation of the device. Microsoft wanted to design a device that... More of this article »
I.B.M. Profit Surpasses Wall Street Expectations (NYSE: IBM)
I.B.M. has reported that its second-quarter operating earnings are higher than what Wall Street estimated for the quarter. However, revenue was down 3 percent, which fell below analysts’ forecasts. Net income for the company fell... More of this article »
Apple Guilty In E-Book Case (NASDAQ:AAPL)
A federal judge said the words of Steven P. Jobs helped persuade her that Apple had violated antitrust law. Apple had been accused of conspiring with publishers to raise prices of e-books. The ruling will probably not have an immediate... More of this article »
Roche Halts Development Of Diabetes Drug (OTCMKTS:RHHBY)
Roche has discontinued development of its new diabetes drug. The halting of the research could raise safety questions about the entire category of drugs, which includes blockbuster drug Avandia. Dr. Steven E. Nissen, the chairman of... More of this article »
Chinese Law Possibly Broken By GlaxoSmithKline Executives (NYSE:GSK)
GlaxoSmithKline has announced that some of its executives might have broken the law in China. The company is currently under investigation for a bribery and corruption scandal that has engulfed its China operations. Investigators say... More of this article »
Yahoo Buying Back Millions Of Shares From Investor (NASDAQ:YHOO)
Activist hedge fund Third Point LLC has announced an agreement to sell two-thirds of its stake in Yahoo Inc back to the company for a profit. Third Point has agreed to sell 40 million of its shares back to the company and keep about... More of this article »
Sony Smartphone Facing Difficulties In Japan (NYSE:SNE)
Sony is banking on smartphones to revive its electronics business, which is struggling. According to estimates, Sony’s Xperia Z smartphone has already sold almost a million units. Even though the phone just recently made its United... More of this article »
Barnes & Noble Ceases Manufacture Of Color Nook Versions (NYSE:BKS)
Barnes & Noble reported a big loss at its Nook e-reader division for the fourth quarter. The loss in the division dragged down the company’s fourth-quarter results. As a result, Barnes & Noble will no longer make its own... More of this article »
Disney Revamps Classic Beach Movie For New Audience (NYSE:DIS)
Disney Channel has decided to gamble on a movie genre that used to be popular when your grandparents were kids. Next month, Disney’s young viewers will be introduced to the beach party film. Beach party films, like “Beach Blanket... More of this article »
Even With New Release, BlackBerry Posts Loss (NASDAQ:BBRY)
Despite the release of a highly anticipated new line of phones, BlackBerry posted another loss for the latest quarter. In the first full quarter of sales after the release of new models, BlackBerry reported that it shipped 6.8 million... More of this article »
Newsreader Reportedly Being Developed By Facebook (NASDAQ: FB)
Facebook, the world’s largest social network, has announced plans to develop a new mobile device that will highlight and showcase news from Facebook users and media organizations. The device is designed to offer news items that a... More of this article »
Solar-Powered Charging Stations Introduced By AT&T (NYSE:T)
AT&T has a new way to keep New Yorkers connected free. The company will plant 25 solar-powered charging stations in parks, beaches and other outdoor spaces in the five boroughs. The charging stations are part of a pilot project... More of this article »
S.E.C. Rebukes Billionaire On Failed Revlon Deal (NYSE:REV)
The Securities and Exchange Commission has announced that Revlon agreed to pay an $850,000 penalty to settle accusations of deceiving shareholders and its independent directors in connection with the failed attempt in 2009 to take... More of this article »
New Marriott Campaign Aimed At Younger Travelers (NYSE:MAR)
Marriott International is introducing a new advertising and branding campaign to attract younger travelers to Marriott Hotels and Resorts, its largest brand. The campaign, named “Travel Brilliantly,” is directed at frequent business... More of this article »
Netflix Secures Deal With DreamWorks For New Shows (NASDAQ:NFLX)
Netflix has announced a multiyear deal with DreamWorks Animation for new TV shows for its Internet streaming service. DreamWorks will provide new episodic TV programs inspired by characters from past DreamWorks Animation franchises,... More of this article »
Billionaire Wants To Make Dole Food A Private Company
Self-made billionaire David H. Murdock is betting he can take Dole Food private…again. Mr. Murdock, the chairman and chief executive of the company, offered to buy the 60 percent of Dole he did not already own, offering a price of... More of this article »
Google Spends $1 Billion To Purchase Waze (NASDAQ: GOOG)
Google has closed its deal to buy Waze, a popular social mapping start-up, for the price of about $1 billion. Both Google and Waze declined to have any executives available for an interview about the sale, but several executives released... More of this article »
Apple Exploring Options In Net Radio (NASDAQ: AAPL)
Many people know Apple as a company that makes some of the finest hardware in the world. Now, Apple is exploring opportunities available in the online music service market. The company will soon unveil its new Internet radio service... More of this article »
Walgreen Testing Energy-Saving Ideas For Its Stores (NYSE:WAG)
The Walgreen Company keeps seeing the consumption of power at its stores inching up. To explore options to significantly reduce its electricity use, the company is building an experimental “net zero energy store” just north of... More of this article »
Facebook Exploring Mobile Map Options (NASDAQ: FB)
Facebook is said to be exploring options to purchase a leading mobile navigation service called Waze, based in Israel. The potential purchase price for the navigation service could run as high as $1 billion. Purchasing the service... More of this article »
Dell Computers Showing Up In Syria Despite Sanctions (NASDAQ:DELL)
A Dubai-based distributor has sold large amounts of computer equipment from Dell to the Syrian government despite strict trade sanctions. According to documents obtained by The New York Times, the computer equipment was sold by BDL... More of this article »
Samsung Profit Increases 42% In First Quarter (PINK:SSNLF)
Samsung Electronics reported that its net income in the first quarter increased by 42 percent over the same quarter last year. The company’s net income reached 7.2 trillion won ($6.5 billion) in the quarter, up from 5 trillion won... More of this article »
Amazon Sees Profit Fall In First Quarter (NASDAQ:AMZN)
Profits at Amazon decreased 37 percent for the first three months of the year. The Internet retailer expected the drop, which was a bit less than some investors had forecast. Amazon reported net income of $82 million, or 18 cents a... More of this article »
Google Nears Antitrust Deal Over Web Searches (NASDAQ:GOOG)
Google took another step toward reaching an antitrust settlement with European Union regulators. Google has apparently offered concessions that are acceptable to the European Commission, which would allow the company to avoid a guilty... More of this article »
Cisco Profit Rises 14.5% (NASDAQ:CSCO)
Cisco Systems reported that its net income increased 14.5 percent compared with a year earlier, to $2.5 billion, or 46 cents a share. Revenue increased by 5.4 percent, to $12.2 billion. Cisco had net income of 51 cents a share by the... More of this article »
AT&T Entering The Home Security Industry (NYSE:T)
AT&T Inc. has announced the launch of its home security and automation service that will now be available in 15 cities across the United States. AT&T’s new packages, dubbed “Digital Life,” are being sold in cellphone... More of this article »
I.B.M. Falters And Misses Profit Targets (NYSE:IBM)
In the first quarter, I.B.M. saw a decrease in its hardware business that affected both profits and revenue. Revenue was down 5 percent, to $23.4 billion compared with the same quarter a year ago, falling below analysts’ forecast... More of this article »
General Electric Quarterly Profit Rises 16% (NYSE:GE)
General Electric reported solid first-quarter earnings despite the economic downturn that has been plaguing many businesses this year. G.E.’s results were helped by higher profits in its aviation and transportation units and by G.E.’s... More of this article »
Google Facing Increased Pressure From Competitors (NASDAQ: GOOG)
Search is estimated to be a $22 billion industry and is often considered the most lucrative and influential of online businesses. Now the industry is undergoing some changes. Instead of just pointing users in the right direction, the... More of this article »
Sprint To Restrict Equipment From China Under U.S. Deal (NYSE:S)
American law enforcement officials seeking to address national security concerns are expected to enter into an agreement with Sprint Nextel and SoftBank, its Japanese suitor, to restrict the combined company’s ability to pick suppliers... More of this article »
Procter & Gamble Revises Profit Forecast Downward (NYSE:PG)
Procter & Gamble Co said that profit would fall more than anticipated in the next quarter. P&G said profit should decrease to $0.69 to $0.77 per share for the current fourth quarter ending in June. Analysts expected the company... More of this article »
Ford’s Results Boosted By North American Sales (NYSE:F)
The Ford Motor Company reported that its net income improved 15 percent in the first quarter, rising to $1.6 billion. Overall revenue increased by 10 percent in the quarter, reaching $35.8 billion. Alan R. Mulally, Ford’s chief executive,... More of this article »
Novartis Accused Of Providing Kickbacks To Pharmacies (NYSE:NVS)
In New York, federal prosecutors filed a lawsuit accusing Novartis of providing illegal kickbacks to pharmacies. The kickbacks took the form of discounts and rebates and were intended to cause the pharmacies to promote use of one of... More of this article »
T-Mobile Attracts Customers With Contract Free iPhones (PINK:DTEGY)
In an attempt to gain ground on its competitors, T-Mobile started selling the iPhone to its customers without asking customers to sign-up for long-term service contracts. The new marketing strategy spreads the cost of the device over... More of this article »
Complaints Continue To Pile Up Against Google in Europe (NASDAQ: GOOG)
In Europe, antitrust regulators have received a formal complaint about Google’s Android operating system for mobile devices. Fairsearch Europe, a group of Google’s competitors, filed the complaint against the Android operating... More of this article »
Boeing 787 Battery Risks Were Underestimated (NYSE:BA)
Boeing acknowledged that tests of the lithium-ion batteries on its 787 planes underestimated the risks of fire. Mike Sinnett, Boeing’s chief engineer on the 787, revealed that the calculation that a battery would fail only once every... More of this article »
Yahoo Posts Surprising Profit Increase (NASDAQ: YHOO)
Yahoo’s first-quarter earnings beat analysts’ expectations. Net income in the first quarter increased 36 percent to $390 million, or 35 cents a share, from the same quarter a year ago. Wall Street analysts had expected net income... More of this article »
Microsoft Begins Releasing Transparency Reports (NASDAQ:MSFT)
Microsoft has published reports of recent requests for data made by government law enforcement agencies. They are joining companies like Google and Twitter that publish these reports to provide transparency to their millions of customers.... More of this article »
J.C. Penney’s Searching For A Way To Gain Market Share (NYSE:JCP)
J.C. Penney stores are filled with well designed brands, signage and layouts, but they are missing customers. Two years ago, Bill Ackman of Pershing Square Capital Management used his stake in the company to persuade its board to hire... More of this article »
Quantum Technology Ready For Commercial Development At Lockheed Martin (NYSE:LMT)
Quantum technology is ready for commercial deployment according to Lockheed Martin, an American military contractor. The company is the first to use quantum computing as part of its business and is confident that the technology can... More of this article »
Google Expands Offices To Increase Presence In The Cloud (NASDAQ:GOOG)
Google is taking on Microsoft and Amazon for the lead in the cloud computing market. The company has verified that it’s doubling its office space near Seattle and is actively searching for engineers to work on its cloud technology.... More of this article »
Samsung Reveals New Galaxy S 4 Device (PINK:SSNLF)
In an attempt to bring the sales war directly to Apple on their home turf, Samsung revealed the Galaxy S 4 at Radio City Music Hall in New York. JK Shin, president of Samsung Mobile Communications, said “Once you spend time with... More of this article »
Justice Department Investigates Microsoft’s Overseas Activities (NASDAQ:MSFT)
Microsoft is reportedly being examined by authorities for its activities with foreign government officials that have been accused of taking bribes in exchange for business. The violations being reviewed come from a federal law that... More of this article »
General Motors Revamps Chevrolet Impala And Its Marketing Teams
General Motors has changed the look of the new Chevrolet Impala, which will be shipping to dealerships soon. Chevrolet is the company’s biggest selling brand and the company hopes that the new overhaul will increase the interest... More of this article »