Fuelled by demand for its iPad, iPhone and Mac products, Apple reported third-quarter revenues up 82 per cent and profits up 125 per cent year-on-year
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iPad 2 lifts Apple above forecasts
Earnings per share at the US health insurer were up 17 per cent from a year ago and profit guidance was raised
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UnitedHealth
Discount broker reports improved earnings, but says retail trades of stocks, bonds and ETFs fell more than 17 per cent from the last quarter
Taiwan smartphone company’s shares fall 6 per cent as it struggles to limit damage caused by the International Trade Commission’s decision
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HTC suffers after losing Apple patent ruling
Move follows 12 per cent decline in shares, the largest one-day fall in the bank’s history after reports a third managing director had left
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Greenhill rushes out results to calm investors
The battle for control of Texas pipeline company Southern Union escalated after the Oklahoma-based Williams raised its offer by about 13 per cent
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Williams lifts bid for Southern Union to $5.5bn
Shares in the property investor fell more than 9 per cent after it also disclosed the SEC was also looking into disclosures by chairman Bruce Berkowitz
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SEC probes St Joe’s land accounting
The announcement that the world’s biggest online video operator was expanding into 43 countries lifted shares about 8 per cent to a one-year high
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Netflix sets Latin American expansion
US deals are up more than 40 per cent on the first half of 2010 as a result of a number of companies restructuring their operations
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Rise in spin-offs as groups focus on valuation
Shares in Kodak plunge 15 per cent in after-hours trading after a mixed ruling on its patent infringement suit against Apple and RIM
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Kodak shares plunge after patent ruling
The US food company said fourth-quarter profits rose by 51 per cent from the same period a year ago, as price increases boosted sales
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General Mills trims forecast on cost inflation fears
Nearly 20 per cent of Yahoo’s shares were voted against the re-election to the board of the company’s chairman and chief executive, a sign of continuing discontent
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Yahoo chiefs get less shareholder support
UK technology group which designs microchips used in Apple’s iPad and iPhone, has doubled its forecast for chip shipments and its revenues increased 21 per cent to £98m
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Imagination forecasts 1bn chip sales
After a sell-off this month, the technology company’s current valuation looks stunningly low given an expected 60 per cent sales boost this year,
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Apple: Jobs security
Shares of many of the biggest US banks are off more than 20 per cent with economic, regulatory and legal concerns shrouding the financial services industry
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A patient hand could pay off for financial investors
Live Nation’s ticket sales in the first quarter were up 11 per cent, auguring well for summer concerts such as the Download festival in England and Copenhell in Denmark
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Live Nation plays to the crowds
Of those who already knew identity, 45 per cent said ‘word of mouth’ was their source, while 31 per cent cited Twitter and 23 per cent said they used Google to find the details online
Less than 60 per cent of US companies “beat” earnings expectations through last week, the worst showing since the final quarter of 2008, and more may follow
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US earnings expectations
Growing popularity among consumers and corporations boosts the iPad maker; BP suffers 27 per cent fall in wake of Gulf of Mexico oil spill; Toyota makes a comeback
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Apple surges to top of BrandZ ranking
KKR was buoyed by improved capital markets and a modest rise in the value of its private equity portfolio to report a 10 per cent rise to $742.5m in its economic net income for the first quarter
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KKR buoyed by markets in first quarter
Oil and gas group has reported a 12 per cent fall in underlying earnings for the first quarter because of a fall in natural gas prices and a rise in costs
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Falling gas prices dent Anadarko’s profits
Sales of new DVDs have collapsed, falling 20 per cent in a year, and the scale of the decline will cause anxiety in Hollywood, where technology continues to wreak havoc on established business models and revenue streams
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DVD sales fall poses challenge for Hollywood
Rise in crude oil and natural gas production, refining margins increase and record production all helped the company to a 69 per cent hike in its first-quarter earnings
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ExxonMobil profits jump on high oil prices
The world’s largest coffee retailer shrugged off high coffee and fuel prices to post a 10 per cent gain in revenues and an even sharper rise in earnings in the first quarter of the year
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Starbucks shrugs off high commodities prices
Italian carmaker is accelerating its planned takeover of Chrysler by paying $1.27bn to exercise its option to buy an additional 16 per cent stake in the US company
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Fiat to speed up takeover of Chrysler
Apple’s profits surged 95 per cent in its second quarter as iPhone shipments more than doubled, Mac volume grew 28 per cent and the company sold 4.7m iPads
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iPhone and Mac sales help Apple profits soar
US bank reported a 48 per cent increase in first-quarter profit, but the stock sank in morning trading on concerns about revenue and loan growth
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Profits rise 48% at Wells Fargo
A New York man has submitted new evidence in a lawsuit against Facebook claiming that he is entitled to 50 per cent of Mark Zuckerberg’s shares in the company
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Facebook founder faces revised ownership claim
Goldman Sachs’ decision to buy out shareholders owning 55 per cent of its Australasian affiliate looks a smart one
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Goldman’s bonzer down under buy-out
The home and auto lender announced plans for an initial public offering that will see the US Treasury reduce its 74 per cent stake in a $5bn flotation
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Ally Financial unveils $5bn flotation
Officials are set to propose that loans in which a borrower makes a downpayment of 20 per cent should be exempt from the new risk retention rules
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US regulators to unveil stricter home loan rules
The German industrial group is to sell a 15 per cent stake in Continental to reduce its debt in a move that underlines the changed fortunes of the family-held group
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Schaeffler looks to cut debt
Bankers are touting the structure used to sell PAI’s 50 per cent stake in Yoplait as a potential template for future mergers and acquisitions in France
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Yoplait deal hailed as French template
Interpublic, the marketing services group which owns McCann Erickson and other agencies, has reinstated its dividend after eight years, sending its shares 11 per cent higher in early New York trading
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Interpublic resumes payouts as revenues leap
The Asian insurer which was spun out of AIG and listed last autumn in Hong Kong, reported a 54 per cent rise to $2.7bn in full-year net income
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AIA full-year results beat forecasts
Shares in Hewlett-Packard dropped as much as 12 per cent following the company’s decision to slash its revenue forecast for its current fiscal year by $2bn
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HP falls 12% after forecasts are cut
(From The Globe and Mail) — Bombardier Aerospace is one of the world’s largest producers of civil aircraft, with nearly 17,000 full-time employees in Canada. But its areas of engineering and manufacturing traditionally haven’t attracted many women. The company is out to change that. “We’ve broadened our strategy to increase diversity, with having more women throughout the organization as a top priority,” says Elisabeth Buss
A new policy on subscriptions bought over the iPhone and iPad have led to some concerns that the computer group is being too aggressive in demanding a 30 per cent cut
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Media owners wary of Apple’s bite
Comcast, the largest US cable provider, said it would raise its dividend by 19 per cent to $0.45 a share and increase its share buyback programme by 75 per cent to $2.1bn.
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Comcast to raise dividend after strong earnings
Borders, the US book store chain, said that it would file for Chapter 11 bankruptcy protection and shutter 30 per cent of its locations as it seeks to restructure
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Borders files for bankruptcy protection
New exchange has significant businesses in New York, Frankfurt, London and Paris. It will be hard to cut 12 per cent of the combined cost base, as announced, without leaving one of these worse off
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Exchange mergers
PetroChina has agreed to pay $5.4bn for a 50 per cent stake in a large natural gas field in owned by Encana, China’s largest investment in the Canadian energy sector
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PetroChina in $5.4bn Canada gas buy
The US government is planning to sell up to $20bn worth of shares in AIG in May, after giving up on attempts to begin reducing its 92 per cent stake in the insurer next month
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US delays sale of $20bn AIG stock until May
Coca-Cola, the world’s largest soft-drink company, saw sales volumes in Russia increase 31 per cent, although Chinese sales were down due to the timing of the New Year holiday.
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Emerging markets drive Coca-Cola
UPS said it would increase its quarterly dividend by 11 per cent to $0.52 per share payable on March 2
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UPS to increase quarterly dividends
The global logistics company reports a 48 per cent jump in quarterly profits and forecasts that full-year 2011 earnings will eclipse the previous peak in 2007
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UPS predicts stronger US economic growth
The group beat analysts’ expectations with a 46 per cent rise in earnings per share in the fourth quarter, helped by the rise in prices for oil and petrochemicals
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Exxon quarterly earnings surge 46%
The US carmaker, which is 25 per cent owned by Italy’s Fiat, reports a 2010 net loss of $652m driven largely by $1.2bn of interest charges on its debt
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Chrysler reports $652m full-year loss
India’s state-run fuel retailers have increased petrol prices by about 4.5 per cent, in a move that will add to the pressure on Asia’s third-largest economy
Skype plans to lift its headcount by nearly 50 per cent this year and become a player in Silicon Valley to reinvigorate its lacklustre product development processes
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Skype chief in call to arms