India's Infosys posts profit dip on slowdown
India's Infosys Technologies said Wednesday its consolidated net profit for the fiscal fourth-quarter rose 29 percent from a year earlier, but fell sequentially due to the global slowdown.
View ArticleIndia's TCS announces 29 pct quarterly profit jump
India's biggest software services exporter, TCS, reported Friday that its quarterly net profit rose by 29 percent as the company sealed more deals in a better global business environment.
View ArticleFailing the sniff test: Researchers find new way to spot fraud
Companies that commit fraud can find innovative ways to fudge the numbers, making it hard to tell something is wrong by just looking at their financial statements. But research from North Carolina...
View ArticleWipro posts 9.7 percent profit rise, below forecast
India's third-biggest software firm Wipro reported Friday a lower-than-forecast 9.7 percent rise in quarterly net profit, blaming a higher rupee and wage costs for the disappointing earnings.
View ArticleOil will run dry before substitutes roll out: study
At the current pace of research and development, global oil will run out 90 years before replacement technologies are ready, says a new University of California, Davis, study based on stock market...
View ArticleIndia's Infosys Q4 profit up, but below forecasts
India's second-biggest outsourcer Infosys said on Friday quarterly net profit jumped nearly 14 percent but the company's shares tumbled as the figures lagged market expectations.
View ArticleBlackBerry maker sees challenges in phone launch
(AP) -- BlackBerry maker Research In Motion Ltd.'s co-CEO told shareholders Tuesday that the company is facing challenges as it moves toward what it calls its biggest product launch yet.
View ArticleIndia's TCS slides near 8% as earnings disappoint
Shares in India's biggest software exporter TCS plunged nearly eight percent on Tuesday, a day after the firm posted earnings figures that fell short of market expectations.
View ArticleIndia's Wipro positive despite global uncertainty
Indian IT outsourcing giant Wipro on Monday projected a positive outlook for the industry, despite gathering clouds over the global economy, as it announced a rise in quarterly profits.
View ArticleIndia's Wipro quarterly profits, revenue outlook up
Wipro, India's third-largest software exporter, reported Friday a 10.3 percent rise in quarterly profit but said the global outlook remained uncertain for the nation's flagship outsourcing sector.
View ArticleIndian outsourcer HCL reports 67% jump in quarterly profit
India's fourth-biggest outsourcing company, HCL Technologies, reported on Wednesday a 67 percent jump in quarterly net profit from a year earlier as client orders surged.
View ArticleLG Display posts profit but iPhone dims outlook
LG Display reported a $299 million profit for the fourth quarter Thursday thanks to mobile product launches by key customers including Apple Inc. but warned that earnings will decrease in the current...
View ArticleGroupon hammered after fresh losses
Groupon shares took a nosedive Wednesday after the online deals giant surprised markets by reporting fresh losses in the past quarter and a weaker-than-expected outlook.
View ArticleSamsung's operating profit up 53 percent in 1Q
Samsung Electronics Co. said its operating profit last quarter rose 53 percent over a year earlier, outpacing expectations for what's normally a slow time for consumer electronics sales.
View ArticleSamsung profit at record high on smartphone boost
Samsung Electronics Co. said Friday its first quarter profit jumped to a record high as smartphone sales remained strong despite the April launch of an updated version of its flagship Galaxy phone.
View ArticleNetflix's star shines in 4Q, adds 3.1M subscribers
Netflix Inc.'s video subscription service topped 20 million customers during the fourth quarter to help push its earnings beyond analyst expectations and burnish its reputation as a stock market star....
View ArticleIntel, Qualcomm show changing face of computing (Update)
(AP) -- The changing face of the computer industry was on display Wednesday as two companies representing the old guard and the new issued strong results for the latest quarter.
View ArticleTeenagers who 'want to be famous' face poorer job prospects in later life
(PhysOrg.com) -- Teenagers who have unclear career aspirations, or whose ambitions are mismatched with their educational expectations spend more time in unemployment as adults and achieve lower wages...
View ArticleInvestors warm to Facebook after IPO flop
After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.
View ArticleGame maker Zynga stock tanks after weak 2Q report
(AP) Zynga Inc. lost money and received less revenue than anticipated in the second quarter because "CityVille," ''FarmVille" and other games are not attracting as many paying players as they should.
View ArticleApple climbs after share sell-off called 'insane'
(AP)—Shares of Apple jumped nearly 6 percent Monday, with one analyst calling a two-month sell-off in shares of the world's most valuable company "insanely insane."
View ArticleHomeowners do not increase consumption despite their property rising in...
Although the value of our property might rise, we do not on that account increase our consumption. This is the conclusion by economists from University of Copenhagen and University of Oxford in new...
View ArticleThe new retirement: No retirement?
For growing numbers of Americans, the new retirement may really mean no retirement. That's the conclusion of an article in the current issue of the ISR Sampler, the annual magazine of the University of...
View ArticleCisco to cut 4,000 jobs (Update)
Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.
View ArticleTwitter shares dive as earnings miss mark (Update 2)
Twitter shares plunged Tuesday after an earnings report fell short of market expectations, despite a jump in the number of active monthly users above 300 million.
View ArticleFitbit shares fall on fears for the long run
Fitbit shares tumbled more than 20 percent on Tuesday on an earnings forecast that signaled that the maker of fitness-focused bracelets may have trouble making it in the long run.
View ArticleBusiness software firm SAP sees rise in profit, sales
Business software maker SAP SE reported Wednesday that its second-quarter net income rose to 816 million euros ($900 million) from 469 million euros a year earlier as it expanded sales in all regions.
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