After much anticipation, General Motors finally revealed details of its public offering of stock, which is expected later this month. The automaker plans to raise $13 billion.
Apple (AAPL) may see its revenue from China triple over two years as the company expands its sales network demand from consumers rise, Morgan Stanley (MS) said. Apple%u2019s sales in China may be worth more than $9 billion in the year ending September 2012, Morgan Stanley analysts said in a report. In the last fiscal year, Chinese sales were worth $2.9 billion.
Ray Ozzie, Microsoft's chief software architect, was the perfect visionary foil to strategy-obsessed CEO Steve Ballmer. His entrepreneurial thinking pushed the stodgy software giant into cloud computing and SaaS, and got it back into the mobile OS race. Can anyone fill his soon-to-be-vacated shoes?
Tylenol and Band-Aid maker Johnson & Johnson announced on Tuesday that its sales declined 0.7% to $15 billion in the third quarter, compared to the same quarter last year, as domestic sales were "significantly impacted" by recent successive recalls. Domestic sales declined 2.5%.
When companies use the word "immaterial" to describe errors or irregularities in their previously reported numbers, what they're trying to say is that their mistakes involved such small amounts that they don't really matter. Too often, though, that's not really the case.
For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results and the news is good.
GM reported Wednesday that sales fell 25% in August as the U.S. economic recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.
Garmin (GRMN) is recalling 1.25 million personal navigation units because of the potential for fires caused by overheated batteries, the company said Wednesday. Nearly 800,000 of the affected devices were sold in the U.S., it said.
Blue-chip energy giants ExxonMobil and Chevron report quarterly earnings Thursday and Friday, respectively. If analysts' average forecasts are on the mark, both Dow components should post sharply higher profits and revenue, helped by lower costs and higher oil prices.
The first peak week of second-quarter earnings season was just what the market ordered, thanks to some beat-and-raise reports from Dow blue chips. This week has more such big-name results on tap. And again, investors will be looking closely for top-line revenue growth.
Amazon Earnings Misses Street, Shares Hit In After Market Trading
Goldman Sachs earnings fell sharply in the second quarter, hurt by its $550 million settlement with the Securities and Exchange Commission and a U.K. payroll tax, but on an adjusted basis, the investment bank's profits easily topped Wall Street estimates.
JPMorgan Chase earnings come out early Thursday, and the nation's second-biggest bank should show strong results from investment banking and lower loan losses. The consensus is for 70 cents per share in earnings, up from 28 cents in the prior-year period.
Railway operator CSX said second-quarter profit increased 47% or $414 million from the previous quarter. CSX had predicted a 96 cents a share increase, but exceeded expectations with the $1.07 a share increase. Revenue rose 22%, pushed by an improving economy and higher prices.
By all accounts, Ford Motor is on a roll, and analysts are hoping to see an upbeat fourth quarter when the automaker reports earnings on Thursday. Compared to other manufacturers, Ford is in an enviable position.
TD Ameritrade reported earnings below expectations, largely due to declining trade income and a low interest rate environment. The company recorded profits of 23 cents per share, down from 31 cents per share, a year earlier.
Though promotional saturation can be the kiss of death for social media platforms, marketers can't resist them. And whether they want to admit it or not, social media sites need the marketers. This week, two top sites -- LinkedIn and Twitter -- are putting their days of purity in the past and offering new tools that meet the needs of corporate marketing departments.
U.S equities are perched at a 2009 high and third-quarter earnings are coming in much better than Wall Street analysts expected, yet this has to be...
The economy may still be in the dumps -- don't let yesterday's early reading on gross domestic product fool you into thinking otherwise. But that...
Pfizer Inc. (PFE) on Tuesday posted a higher third-quarter profit despite the recession, as sharp cost cuts made up for slightly lower sales.
The Coca-Cola Co. (KO) said Tuesday its third-quarter profit declined less than 1 percent, with sales falling as consumers continued to limit soft...
The Dow continued to fall the first day of March, as it did in February, as it did in January, as it has done for 18 months, basically, since peaking...
The U.S. economy falls into a recession, a global financial crisis ensues, triggering a slowdown in global growth, then an outright global recession....
The Supreme Court's decision today to overturn 69 years of case law on gun issues was not really a surprise, given its down the middle voting record....