ThinkstockSeagate Technology PLC (NASDAQ: STX) was supposed to beat earnings expectations. The disk-drive maker reported earnings that it missed expectations. The June quarter sales rose to $4.48 billion and earnings were $2.41…
The latest research from Strategy Analytics indicates that smartphone shipments in the United States fell 5% annually to reach less than 24 million units during the second quarter of 2012. Google Inc.’s…
The Wall Street Journal reports that federal prosecutors want to speak with former Avon Products (NYSE: AVP) CEO Andrea Jung. These prosecutors continue to investigate Avon’s compliance with the Foreign Corrupt Practices…
General Motors (NYSE: GM) fires its marketing head because of a deal he set for soccer sponsorships. (Reuters) HSBC (NYSE: HBC) is under U.S. investigation over Libor manipulation. (Reuters) The Apple (NASDAQ: AAPL)…
In what may be an embarrassment to The New York Times , sources say that Apple (NASDAQ: AAPL) and Twitter have not held conversations about a strategic relationship in over a year.…
Douglas A. McIntyre The New York Times has published a “rumor” that Apple (NASDAQ: AAPL) may make a strategic investment in Twitter. How that would help Apple, which has seen an erosion in the market share…
Photo by Spencer Platt/Getty ImagesThe broader stock market is up Friday on the announcement that gross domestic product grew 1.5% in the United States and optimism that the Federal Reserve will provide more stimulus. The…
Apple Inc. (NASDAQ: AAPL) has agreed to buy AuthenTec Inc. (NASDAQ: AUTH) in a deal valued at about $356 million. That comes to $8.00 per share, compared to $5.07 at Thursday’s close.…
Recently, two trends have marked the global smartphone industry. Sales increases have slowed, and Samsung Electronics Co. has moved into an incredibly dominant place. The South Korean company has become the firm to…
Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
Sprint-Nextel (NYSE: S) lost $1.4 billion in the second quarter, as it continued to remain viable in competition with AT&T (NYSE: T) and Verizon Wireless. The company reported a net loss of $1.4…
The USDA reports that drought has made a large increase in food prices likely. (Reuters) The government of Changsha in China launches a $130 billion stimulus program. (Reuters) Hackers have effectively attacked…
The three major US stock indexes opened mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak…
Apple Inc. (NASDAQ: AAPL) took it on the chin last night and also today based upon the company’s very rare earnings and revenue shortfall. While the stock got crushed, we want to…
Jon C. Ogg Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall St. research calls this Wednesday morning. Amgen Corp. (NASDAQ: AMGN) raised to Outperform at Credit Suisse. Apple…
