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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.

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India'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.

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Failing 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...

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Wipro 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.

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Oil 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...

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India'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.

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BlackBerry 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.

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India'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.

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India'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.

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India'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.

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Indian 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.

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LG 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...

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Groupon 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.

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Samsung'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.

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Samsung 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.

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Netflix'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....

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Intel, 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.

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Teenagers 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...

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Investors 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.

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Game 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.

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Apple 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."

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Homeowners 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...

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The 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...

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Cisco 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.

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Twitter 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.

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Fitbit 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.

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Business 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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