Yahoo! Earnings Beat Estimates On Uptick In Web Traffic
Yahoo! Inc. (Nasdaq: YHOO), the No. 2 search engine, said Tuesday its first quarter revenue increased 1 percent to $1.07 billion from the prior year as web traffic rose, beating estimates.
IBM's 1Q Earnings Beat Estimates On Strong Sales To BRICS
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, reported first-quarter earnings that beat analyst estimates although revenue came in slightly lower than expected.
Goodbye Twinkies? Hostess Fights Unions In Bankruptcy Court, ‘They Won’t Work For Nothing’
Hostess Brands Inc., the maker of Twinkies, Ding Dongs, and Wonder bread, is making a final offer to the Teamsters union Tuesday to accept cost-cutting efforts. If they refuse, Hostess will head to bankruptcy court to implement the cuts.
Nestlé To Pay $9B For Pfizer's Infant-Nutrition Business: Report
Nestlé SA is expected to pay at least $9 billion to U.S. drugmaker Pfizer Inc. for the U.S. drugmaker's infant-nutrition business, the Wall Street Journal reported Tuesday.
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Rolls-Royce Armored Car: They Don’t Make Tanks Like They Used To [PHOTOS]
Rolls-Royce Motor Cars has had a long and venerable history since its foundation in 1904. When most people think of Rolls-Royce, they probably imagine driving through the teeming streets of some Western metropolis, perhaps gazing distantly at the proletarians as they busy themselves in their daily cares. Maybe our theoretical rider lights his cigar with a hundred dollar bill and says to his driver, Jennings, drive faster - we can't be seen arriving late at Belmont.
BoA Seeks Buyer For $3B Non-US Wealth Management Business
Bank of America Merrill Lynch, the world's largest wealth manager, is seeking a buyer for its wealth management operations outside the U.S., Reuters said Tuesday.
Amazon’s Bezos Freezes Salary To Bet On Kindle Success
Jeffrey Bezos, founding CEO of Amazon.com (Nasdaq: AMZN), froze his salary for the third consecutive year at $81,840. He also received $1.6 million in other compensation, the company’s proxy said.
Coca-Cola (KO) Q1 Earnings Up 8% On Emerging Market Gains
The Coca-Cola Company (NYSE: KO), the world's largest soft-drink maker, reported first-quarter profits that topped analysts' estimates, helped by price increases and strong demand in emerging markets.
Audi Will Buy Ducati for $1.2B: Sources
Volkswagen AG's luxury brand Audi is prepared to buy Italian superbike maker Ducati Motor Holding SpA for roughly €860 million ($1.12 billion) including debt, Reuters reported Tuesday.
Hyundai to Build Diesel Engine Plant In India, Hike Diesel i20 and Verna Supply
Hyundai Motor India Ltd. is increasing its supply of diesel cars like the Verna and i20 in India by ramping up imports of engines from South Korea and the building of its first Indian diesel engine factory, reports said Tuesday.
Johnson & Johnson Q1 Profit Rises 12% On Demand For New Drugs
Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, reported better-than-expected first quarter profit on cost cutting and strong demand for new drugs, which offsets drags from generic competition and recalls.
Parkinson's Disease Treatment: New Zealand Firm To Trial Pig Cells
A New Zealand company plans to implant pig cells in the human brain in a clinical trial to treat Parkinson's disease and help improve movement and brain functions in patients.
Apple Shares Recover In Tuesday Trading
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, recouped all their Monday losses and gained more in Tuesday trading.
Samsung Galaxy S3 Release Date May 3: Insider Says Device Will Be A Minor Upgrade With Eye-Tracking [Leaked Launch Details]
At a time when the tech world is eagerly waiting for the Samsung Galaxy S3 smartphone, a new report surfaced saying that Samsung's upcoming flagship phone will be a relatively minor update from the Galaxy S2, with a speed boost and eye-tracking among the upgrades.
iPhone 5 Release Rumor: Why A 16:9 Display Makes Sense And Why It Doesn’t
The Internet is flooded with rumors about the expected features and release date of Apple's most-hyped next iteration of the flagship iPhone, popularly known as iPhone 5.
Samsung, Nokia And HTC All Gearing Up For Windows Phone 8 Apollo Launch; Is It The Biggest Threat To iOS And Android Dominators?
The revolution has already begun and the time is ticking towards a tremendous paradigm shift of the future of smartphone industry by the end of 2012. The market waves are expected to change towards a slew of Windows 8-powered smartphones by October and November.
iPad Mini Release Rumors: Could Apple’s Midget Tablet Dwarf Amazon and Samsung?
After the release of much-awaited iPad in March, Apple lovers are waiting for the launch of Mini iPad. Can this mini iPad give hard competition to Amazon's Kindle Fire, Windows 8 Tablets, Samsung Galaxy tabs and Barnes and Nook's Noble tablets? The Apple mini is expected to sport Retina display, iOS 6 and 3G connectivity.
Apple New iPad Third Generation To Be Launched In 12 Countries This Friday
A month after Apple started selling its 4G-ready third generation iPad in 10 countries, including the US, 12 new countries have been added to the list, with 9 more to follow next week.
RIM: Shares Leap On Reports New CEO To Sell Out
Shares of troubled BlackBerry developer Research in Motion (Nasdaq: RIMM), jumped more than 4 percent late Monday amid unconfirmed reports the company has hired a banker for an auction.
Zagato, Italian Supercar Designer, To Sell 'Volpe' Electric Car for $9k
The Italian automotive design company Zagato will begin selling the Volpe, a €6,900 ($9,016) electric city car in 2013, Left Lane News reported Monday.
AOL Wins First Pulitzer Prize But Shares Dip 1%
Shares of AOL, the No. 5 website, fell 1 percent in late Monday trading even after the troubled company won its first Pulitzer Prize.
Earnings Preview: IBM’s 1Q Report Expected To Show Big Shifts to ‘Big Data’
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.
Ex-Enron Chief Skilling Loses Bid To Overturn Fraud Conviction At Supreme Court
The U.S. Supreme Court rejected a petition from imprisoned former Enron executive Jefffrey Skilling.
Earnings Preview: Intel’s 1Q Report To Set Chip Tone
Intel (Nasdaq: INTC), the No. 1 chipmaker, is scheduled to report first-quarter results after markets close Tuesday. As always, Intel’s report will be a bellwether for the semiconductor industry.
Carlyle Group Puts $7B Price Tag on Itself, Less Than Expected
Closely-held private equity giant The Carlyle Group will be putting a valuing itself somewhere in the vicinity of $7 billion during an upcoming initial public offering, the Wall Street Journal reported late Sunday, a conservative assesment that takes into account some very recent developments in the private equity and IPO worlds.
Exxon, Rosneft To Cement Historic Energy Deal
Exxon Mobil Corporation (NYSE: XOM) and Rosneft (LON: ROSN) are expected to cement a historic deal on Monday that would allow Exxon access to Russia's Arctic reserves and catapult Rosneft on the global energy stage by granting it entry into North America, reported Reuters, citing sources familiar with the matter.
Tax Day Freebies 2012: 14 Free Offers and Deals for Tax Payers Until IRS Deadline on April 17
Tuesday, April 17, 2012 is Tax Day, marking the deadline for filing federal taxes with the Internal Revenue Service (IRS). While the day can be stressful, many companies offer free or discounted merchandise on Tax Day, which can subside some of the anger procrastinators can be feeling while squeaking through the deadline. Here is a list of some of the freebies you can snag on Tax Day 2012.
Citigroup Narrowly Misses Analyst Earnings Expectations
Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.
Johnson & Johnson Earnings Preview: Q1 Boosted By New Drugs
Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, is expected to report higher first-quarter profit as strong performance of new drugs offsets drags from generic competition and strings of recalls.
Coca-Cola Earnings Preview: Q1 Lifted By Sales In Emerging Markets
The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
Moody's Downgrades Nokia's Rating, Says Transition Challenging
Moody’s Investors Service on Monday downgraded the rating of Finland-based mobile maker Nokia from Baa3 to Baa2, a move in response to the company’s announcement of sharp decline in mobile sales in the first quarter this year.
Citigroup Beats 1Q Earnings Estimates As Expenses Drop
Citigroup's first-quarter earnings beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter.
iPhone 5 Release Date Rumors: Features That Top Our Wish List
Apple's next generation iPhone created a lot of buzz in the last few months. While we have seen some speculation going bizarre, some have more chances to be finally seen in the iPhone 5 (popularly dubbed).
KKR To List MMI International On Singapore Exchange
KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones Newswires, citing three people familiar with the matter, as financial market conditions stabilize on the island nation.
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