Online retailer reported sales for the Christmas quarter that were roughly4 per cent short of Wall Street expectations
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Amazon sales data put focus on ebooks shift
US media group behind MTV and Paramount Pictures says net income fell 65 per cent from $610m to $212m in the fourth quarter
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Weak advertising hits Viacom profit
The largest US oil and gas group by market capitalisation reported a 2 per cent rise in earnings for the fourth quarter to $9.4bn after tax
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ExxonMobil earnings hit by refining decline
The total return for the bonds of European financial companies is 3.5 per cent so far in January and about 3 per cent for US financial debt
WellPoint shares fell by nearly 6 per cent as the company’s earnings were hit by high medical costs for older customers.
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Results mixed for US healthcare companies
In the face of gas prices that fell last week to a ten-year low, the gas producer announced a planned 8 per cent cut in gas production
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Chesapeake tackles oversupply issue
The budget airline said higher fuel prices dented underlying earnings by 40 per cent last year
Money manager’s fourth-quarter profit fell 16 per cent on lower fees amid volatile global markets and investor demand for cheap investments
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BlackRock profits hit by lower fees
Although both companies have denied interest in a deal, shares in the Canadian maker of BlackBerry smartphones rose more than 8 per cent
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RIM rises on speculation of Samsung tie
US book retailer’s shares fall 17 per cent as analysts question how successful the e-reader business would be without the support of the retail chain
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Barnes & Noble looks at ereader spinoff
Stores relied on discounts of up to 70 per cent to attract shoppers over the holidays, resulting in sales gains but squeezing margins
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US retailers cut forecasts despite gains
Holders of shares in the Canadian maker of the BlackBerry smartphone and PlayBook tablet device have seen investment value fall by 80 per cent
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RIM suffers annus horribilis
Mergers and acquisitions activity drops 32 per cent in the quarter, led by a 41 per cent decline in Europe
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Sovereign debt crisis hits investment banking
Sales growth slows at second-biggest software group, wiping more than 9 per cent from its share price in after-market trading
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Oracle’s earnings miss chills tech stocks
The shares are trading at 38 per cent of tangible book value, meaning investors either do not believe the value of the bank’s assets or fear it is understating its liabilities
The biggest tech IPO since Google met with a rough start, as the maker of social networking games saw its stock drop almost 10 per cent
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Zynga shares fall on trading debut
Parcel carrier surprises with order for 27 Boeing 767-300 freighters and shares rise 7 per cent
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Resilient freight demand boosts FedEx
Hooda govt has looted R 5 bln from the state, says Chautala Daily Bhaskar Talking to reporters in Chandigarh, Chautala said the Hooda government is involved in a huge education scam . Citing the results of a survey conducted by an NGO, the INLD general secretary said more than fifty per cent of Class V students in the state … and more
One of the world’s biggest chemicals makers dropped almost 5 per cent after the company warned on profits, citing weakening demand
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DuPont shares fall on profit warning
Equity Residential agrees to buy 26.5 per cent stake in apartment owner Archstone for $1.33bn from Bank of America and Barclays
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Equity Residential to take stake in Archstone
Equity Residential agrees to buy 26.5 per cent stake in apartment owner Archstone for $1.33bn from Bank of America and Barclays
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Equity Residential to take stake in Archstone
The government decided late on Thursday to allow foreign groups to invest up to 51 per cent in ‘multi-brand retailers’
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India opens doors to supermarket giants
Groupon shares plunge more than 10 per cent for the second straight day, leaving the recently listed online coupon seller hovering just above this month’s initial public offering price
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Groupon slide continues amid fears of unrealistic valuations
The memory-chip designer lost a suit seeking more than $4bn from chipmakers Micron and Hynix, sending its shares plunging more than 60 per cent
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Jury delivers antitrust blow to Rambus
US youth fashion retailer’s shares plunge 13 per cent, with the company going on the defensive over its European strategy
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Missed profit forecasts hurt Abercrombie
Most respondents in a study said they would not care if 70 per cent of brands ceased to exist, but faith was higher in faster-growing markets
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Consumers unmoved by meaningful branding
The conglomerate controlled by Warren Buffett spent only $18m to buy back stock in the third quarter though its shares are up 15 per cent since the plan’s launch
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Slow start to Berkshire stock buy-back
US retail sales rise 3.8 per cent in October but miss forecasts as retailers prepare for a holiday shopping season amid volatile consumer sentiment
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US retail sales fall short of expectations
Apple missed bullish quarterly expectations by money managers for the first time in years, sending its shares down 6 per cent in after-hours trading
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Apple earnings miss estimates
US group reports 26% increase in overall net income but investor concerns about oil price volatility drove the shares down almost 8 per cent
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Concerns over outlook hit Halliburton shares
Wireless service provider’s stock plunges almost 25 per cent after telecoms group announces that it will be introducing new 4G LTE network
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Clearwire shares plunge on Sprint network change
Amazon’s stock has returned just under 600 per cent in the past five years. This is not an excuse for woefully thin disclosures out of line with the company’s own strategy
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Amazon: under Fire over financials
The billionaire investor said he lacked support from other major investors, sending the company’s shares down almost 5 per cent in extended trading
In the past two years, cash returned to shareholders has amounted to about 70 per cent of free cash. But a 100 per cent ratio probably makes more sense
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Microsoft: windows-dressing
Two of these deposits, in the western desert province of Anbar, are big enough to rank among the largest 10 per cent in the world
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US finds ‘world-class’ phosphate in Iraq
Shares in the US video service fall more than 8 per cent after negotiations to renew a contract with the premium cable network end
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Setback for Netflix as Starz ends talks
Chains such as Costco and BJ’s Wholesale Club report strong sales gains while figures from 25 other companies rose 5.5 per cent
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Discount clubs lead way with sales boost
The US carrier commits to 100 737-900ER jets that are up to 20 per cent more fuel-efficient per seat than those they replace
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Delta orders $8.5bn-worth of Boeing jets
The proposed $10bn purchase of Autonomy by Hewlett-Packard, at an impressive premium of more than 60 per cent, would trigger handsome pay-outs
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UK tech sector set to lose its Autonomy, lucratively
Network equipment maker’s revenues increase by about 3 per cent to $11.2bn in the three months until the end of July and forecasts a yearly gain of between 1 and 4 per cent in the quarter just begun
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Cisco jumps 7% after sales increase
The US department store reports a 64 per cent jump in profit, its best spring quarter for over a decade and a rare bright spot in the mainstream retail market
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Macy’s profits rise sharply
Buy-out group attributes the 27 per cent drop in its economic net income to a lower level of appreciation in the value of its investments
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KKR falls behind arch rival Blackstone
US group reports higher revenues and earnings for the second quarter, with NBCU revenues up 17 per cent from a year earlier to $5.17bn
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Comcast bet on NBC Universal pays off
US TV group’s revenues from content licensing and distribution were $889m for the three months ended June 30, a 21 per cent rise from the same time a year earlier
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CBS benefits from digital distribution
Russian firm DST takes a 5 per cent stake in the company for $400m, with US mutual fund concern T Rowe Price and an internet fund managed by JPMorgan leading a group of other investors
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Investment values Twitter at $8bn
Shares in the Nashville-based healthcare technology provider, which is in talks with the private equity group, surge more than 22 per cent
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Blackstone in talks to buy Emdeon
Shares in the owner of the coffee and doughnuts chain leaps more than 40 per cent in the first minutes of trading
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Dunkin’ Brands soars on New York debut
Sydney Morning Herald Clever money haunts the US Sydney Morning Herald Before the great Wall Street rip-off, US public debt stood at around 65 per cent of US GDP. After the collapse of the scam , US government debt rocketed above 95 per cent of GDP as the public took on the dual tasks of bailing out the debts left behind … and more
Motorola shares leapt more than 12 per cent after Carl Icahn, Motorola’s largest shareholder, urged the US smartphone maker’s management to explore options for its patent portfolio
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Icahn sparks Motorola surge with patent proposal
Strong investment banking results and a surprising contribution from trading activities help lift US bank’s revenue by 17 per cent
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Morgan Stanley results buoyed by trading