Google spent more than a billion dollars on infrastructure in the fourth quarter, representing the company’s second-biggest quarterly expenditure ever. As it competes against Facebook, Apple, Yelp and Amazon, the company can’t afford to stop building data centers now. Original post on gigaom.com Comments on reddit.com
(Reuters) – Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts.Jefferies analyst Peter Misek trimmed his iPhone Original post on reuters.com Comments on reddit.com
AOL’s revenues haven’t grown since 2005. But the revenues have stopped going down. Rejoice! Its investors are. Original post on reuters.com Comments on reddit.com
Average US Credit Card Debt Per Borrower up in 3Q Original post on abcnews.go.com Comments on reddit.com
Nearly 3 out of 4 smartphones in the world are now running on Google’s Android operating system, according to a report on third quarter sales. Original post on latimes.com Comments on reddit.com
Samsung set the bar a little lower than the final mark when it told investors its expectations earlier this month, posting $7.4 billion in operating Original post on engadget.com Comments on reddit.com
Google headed toward its biggest quarterly rally in seven years–up 30% through Thursday, or nearly five the surge in the S&P 500. It is now within striking distance of unseating Microsoft as the third-largest U.S. company by market value. Original post on wsj.com Comments on reddit.com
From Yahoo! Finance: Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead. Original post on yahoo.com Comments on reddit.com
FedEx Corp. says the global economy is stalling, and it’s going to get worse next year. Original post on latimes.com Comments on reddit.com
Hewlett-Packard (HPQ) announced on Wednesday that it will report its biggest-ever quarterly loss for the third quarter of fiscal 2012. Amid a number of Original post on bgr.com Comments on reddit.com
From Yahoo! News: Viacom Inc., the owner of Paramount Pictures, MTV and Nickelodeon, on Friday said that its net income fell 7 percent in the latest quarter as advertising revenue declined more than expected and its movie releases failed to measure up to last year’s. Original post on yahoo.com Comments on reddit.com
According to the HTC’s forecast for their 3rd quarter, the overall profit should be around NT$70 billion (around $2.34 billion) and NT$80 billion ($2.67 billion) which is a huge fall from NT$91 billion ($3.04 billion) posted in the 2nd quarter results, but however it is still a bit above from the NT$67.8 billion ($2.26 billion) posted in the 1st quarter. Original post on pcgerms.com Comments on reddit.com
Also, he looks pretty good in a tux (Image credit: Getty Images via @daylife) Amazon reported earnings yesterday, and Wall Street judged it to be a Original post on forbes.com Comments on reddit.com
From Yahoo! Finance: Apple Inc’s results fell short of Wall Street’s expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its… Original post on yahoo.com Comments on reddit.com
Yes, spring is a slow period for Apple (AAPL) and its fiscal third-quarter results reflected that. It was that way last year as well because the new iP Original post on bgr.com Comments on reddit.com
Venture capitalists are pumping more money into early-stage companies. And that, say some industry watchers, is very much a good thing. According to the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association, venture capitalists invested $2.1 billion in 410 early-stage deals, the biggest total since the first quarter of 2001. The early-stage investment milestone was not lost on Mark Heesen, president of the National Venture Capital Association. Original post on geekwire.com Comments on reddit.com
Business is good for Verizon Wireless (VZW). Real good. For the second consecutive quarter, Big Red posted double-digit percentage growth in year-over-year earnings, which went up 12.3 percent. Verizon’s Wireless division generated record-high margins, thanks in part to millions of smartphone sales. CFO Fran Shammo stated in a conference call… Original post on hothardware.com Comments on reddit.com
After several months of bad ratings news for CNN, official quarterly numbers confirm that the cable news network has hit 21-year lows in both viewers and adults 25-to-54. PHOTOS: The Most Talked-About Faces of TV News The primetime lineup of Anderson Cooper 360 and Piers Morgan, specifically, saw big drops during the prime 8-10 p.m. Original post on hollywoodreporter.com Comments on digg.com
Credit unions hit a record number of members last year, as a growing number of consumers grew fed up with the fees at the nation’s biggest banks and took their money elsewhere. Original post on cnn.com Comments on reddit.com
AIG just conducted a two-fold master class of i) how to confuse Wall Street of having Original post on zerohedge.com Comments on digg.com
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger. Original post on bloomberg.com Comments on reddit.com
The U.S. Postal Service said it lost $3.3 billion in the quarter ended Dec. 31 — typically its strongest — and that it expects to run out of cash in October unless Congress agrees to cuts in facilities and employees. Original post on bloomberg.com Comments on digg.com
China’s economy, the world’s second-largest, grew at its slowest pace in more than two years, latest government figures show. Original post on bbc.co.uk Comments on reddit.com Other bbc.co.uk posts Other posts in Business
Citigroup Inc. today reported net income of $1.2 billion, or $0.38 per diluted share, for the fourth quarter 2011 on revenues of $17.2 billion. This compared to net income of $1.3 billion, or $0.43 per diluted share, in the fourth quarter 2010 on revenues of $18.4 billion. More
Spanish Prime Minister-electMariano Rajoy is set to inherit billions of euros of unpaid bills along with the euro region’s third-largest budget deficit. Spain ’s 8,000 municipalities and 17 semi-autonomous regions are suffering from a cash squeeze as many are shut out of markets, prompting them to delay paying suppliers. Regions’ debt rose 1.5 percent to 135 billion euros ($176 billion) in the third quarter the Bank of Spain said today. Catalonia had the highest debt, at 39.3 billion euros. Companies are being paid 157 days late on average, about three times the legal payment delay, according to the Platform Against Late Payment, a federation of employer groups, and pharmaceutical companies say they are owed 5.83 billion euros by public hospitals. While Rajoy has pledged to help local administrations pay suppliers, that may add to the state’s debt burden and undermine efforts to lower sovereign borrowing costs. “Rising commercial debt means… More
