The Walt Disney Company (NYSE:DIS) has posted earnings of $0.63 EPS, although excluding gains its EPS increased 29% to $0.63 for the quarter. It also posted $10.452 Billion in quarterly revenues. First Call had…
According to Reuters, Microsoft (MSFT) would borrow some of the money for a purchase of Yahoo! (YHOO). Reuters writes that Toyota’s (TM) net grew 7.5% on emerging market growth. Reuters writes that Yahoo! may…
NEWS CORP (NYSE: NWS, NWS-A) has just posted earnings of $832 million or $0.27 EPS. Its consolidated operating income for the second quarter was $1.4 billion was up 24% versus the $1.1 billion reported…
On Wednesday morning, we’ll get to see earnings out of IAC/InterActiveCorp (NASDAQ: IACI). Frankly, this one has more questions than answers today. We do not know if Barry Diller is going to be able…
On Tuesday, we’ll get to see earnings out of Walt Disney Co. (NYSE:DIS). The estimates from First Call for the entertainment giant are $0.52 EPS on $10.04 billion in revenues. Estimates for fiscal September…
According to Reuters, Aluminum Corp of China has no plans to increase its stake in Rio Tinto (RTP). Reuters writes that Yahoo! (YHOO) is considering a business alliance with Google (GOOG) as one way…
We are constantly looking for the business angle of current events, and what could be more pressing than the Super Bowl today. More people watch the Super Bowl than watch live coverage of presidential…
On Monday afternoon, we’ll get to see earnings out of NEWS CORP (NYSE:NWS). The estimates from First Call for Rupert Murdoch’s now even larger media empire appear to be $0.27 EPS on $8.24 Billion…
According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP). Reuters writes that Motorola (MOT) is considering selling…
In the fourth quarter, The New York Times (NYT) missed Wall St. estimates for EPS and revenue. EPS came in at $.44 compared to $.48. Revenue was $867 compared to estimates at $882. The…
Audible Inc. (NASDAQ: ADBL) is finally being acquired. Amazon.com (NASDAQ: AMZN) will pay some $11.50 per share of Audible in an all-cash buyout. Including Audible’s cash on hand, this transaction is valued at roughly…
According to Reuters, Amazon’s (AMZN) financial results show that its profit margins were squeezed in the last quarter. Reuters writes that Starbucks (SBUX) will close 100 stores and say 2008 could bring a recession.…
According to Reuters, the Fed is set to cut rates again to avoid a recession. Reuters writes that UBS (UBS) subprime losses increased driving the bank further into the red. Reuters reports that Honda’s…
Jim Cramer is going anti-tech, again, yet for entirely different reasons than when he said "dump tech" in January 2007. In January 2007, Cramer wanted to dump tech because of the seasonality of it…
According to Reuters, another Fed rate cut may stimulate the housing market. Reuters reports that profits at American Express (AXP) fell 10%. Reuters writes that McDonald’s (MCD) will open 150 outlets in China this…