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Frank Yu
Wells Fargo, JPMorgan Beat Street on Earnings
Last Friday, JPMorgan Chase & Co., the first major bank to release earnings for the first quarter, said ...
Business
April 16, 2012
Google Q1 Profit Soars, Announces Stock Dividend
NEW YORK—Google Inc. announced on Thursday that the company's fiscal first quarter profits soared to $2.89 billion, on ...
Business
April 12, 2012
Sony Announces Biggest Loss Ever, to Slash Workforce
Japanese electronics giant Sony Corp. warned investors and analysts this week that the company expects to post a ...
Business
April 11, 2012
US Sues Apple, Book Publishers for Price Fixing
Department of Justice and several states have brought a lawsuit against consumer electronics giant Apple Inc. over allegations ...
Business
April 11, 2012
AOL Sells $1 Billion of Patents to Microsoft
AOL Inc. said on Monday that it has reached an agreement with Microsoft Corp. to sell and license ...
Business
April 10, 2012
Facebook ‘Likes’ Instagram, Buys It for $1 Billion
Facebook Inc. CEO Mark Zuckerberg announced on his social networking page that the company just agreed to buy ...
Business
April 9, 2012
Report Says Pinterest is No. 3 US Social Media Site
Pinterest, formerly a little known photo-based website, has become the third most popular social media website in the ...
Business
April 8, 2012
Burger King Revamps Menu, Plans to Sell Shares
Burger King is reinventing itself, and it is giving the public a chance to share in its success.
Business
April 6, 2012
JOBS Act Favors Businesses, Not Investors
President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act into law on Thursday. The legislation could ...
Business
April 6, 2012
Automakers Record Stunning March Sales
Detroit’s Big Three automakers recorded some of the best sales results in years last month, as warmer weather, ...
Business
April 4, 2012
Global Payments Says 1.5 Million Card Numbers at Risk
Global Payments Inc., the credit card processing company, which recently said that it was subject to a massive ...
Business
April 4, 2012
Avon Rejects $10 Billion Buyout Offer
Avon, which has annual revenues surpassing $11 billion, has been struggling to grow its sales in recent years.
Business
April 3, 2012
BlackBerry Maker Faces Bleak Options
Research In Motion, Ltd., the Canadian maker of BlackBerry smartphones, announced its first quarterly loss in seven years ...
Business
April 1, 2012
Best Buy Reports Sales Slump, Store Closures
Best Buy on Thursday reported a $1.7 billion fourth-quarter loss as sales slumped, prompting the world’s biggest electronics ...
Business
March 30, 2012
Memo Said Jon Corzine Ordered $200 Million Transfer
An internal memo from bankrupt broker-dealer MF Global suggested that former CEO Jon Corzine gave “direct instructions” to ...
Business
March 28, 2012
JPMorgan Testimony Further Complicates MF Global Saga
More than $1.6 billion in customer funds are still unaccounted for.
Business
March 28, 2012
Stock Market Rally Runs Out of Gas
U.S. stocks stumbled on Tuesday, retreating from near four-year highs.
Business
March 27, 2012
Declining Revenue Forces AOL to Explore Options
AOL Corp., one of the pioneers of the World Wide Web, has seen its revenues dwindle and is ...
Business
March 26, 2012
US Markets Rally Monday on Bernanke Comments
U.S. stocks jumped on Monday, following Federal Reserve Chairman Ben Bernanke’s comments that he would work to keep ...
Business
March 26, 2012
Goldman Sachs Goes on ‘Muppet’ Hunt
A week after a scathing resignation letter from a former Goldman Sachs Group Inc. employee, Goldman is reviewing ...
Business
March 23, 2012
FedEx Releases Shiny Earnings but Downcast Forecast
Shipping and logistics giant FedEx Corp. announced stellar fiscal third-quarter earnings on Thursday, but issued a warning that ...
Business
March 23, 2012
HP to Restructure, Combine Printer and PC Units
Hewlett-Packard Co. announced on Wednesday that it would restructure and combine the company’s printer and personal computer units ...
Business
March 21, 2012
Kraft Names Its Snack Foods Company Mondelez
Its new logo will contain the word Mondelez in purple, cursive letters, Kraft confirmed.
Business
March 21, 2012
Tiffany Earnings Lag, but Forecast Shines
Tiffany & Co. said on Tuesday that its fiscal fourth-quarter earnings came in below analyst expectations.
Business
March 20, 2012
Apple to Issue Dividend
Apple Inc. said on Monday via conference call that the company would use part of its enormous cash ...
Business
March 20, 2012
PayPal Here Seeks to Attract Small Businesses
If you’re a small-business owner, you know about Square Inc., the service that accepts credit card payments through ...
Business
March 19, 2012
Cisco Buys Video Software Company for $5 Billion
Cisco Systems Inc. has purchased video software company NDS Group Ltd. for $5 billion, including its outstanding debt ...
Business
March 18, 2012
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TOP NEWS
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