Clik here to view.
Apple narrowly beat the Street’s expectations
Apple's third quarter results narrowly beat the Street's consensus, with sales of 47.5 million iPhones coming in shy of most analyst’s estimates. The Watch remains a mystery. CFO Luca Maestri told...
View ArticleClik here to view.
This is what drives Apple investors nuts about Amazon
“Nothing exemplifies the pretzel logic of Wall Street better than the reaction this week to earnings reports from Amazon and Apple,” wrote Paul Vigna for the Wall Street Journal. “It was a true triumph...
View ArticleClik here to view.
Toshiba’s accounting scandal is much worse than we thought
Toshiba admitted on Monday that it had overstated its profits by nearly $2 billion over the past 7 years, the Wall Street Journal reports. The company announced in April that it had been facing...
View ArticleClik here to view.
Here’s why China could drag the U.S. into recession
No one can say for sure just how bad China’s economic situation has become, but analysts in the United States have been taking comfort in the fact that U.S. trade to China, and the Pacific Rim in...
View ArticleClik here to view.
Apple Beat Its Own Record But Not By Much
The revenues of $75.9 billion that Apple reported Tuesday afternoon set a new record for company. The profits of $18.4 billion set a new record for any company not sponsored by government (i.e. any...
View ArticleClik here to view.
Why Peak Profits Are a Big Problem for Wall Street
Wall Street’s recent profit problems are likely to persist. That’s the view from Research Affiliates or RAFI, a firm that oversees strategies for $154 billion in assets--chiefly index funds and ETFs....
View ArticleClik here to view.
Buffett Defends 3G and Clayton Homes as Berkshire Profit Grows
Warren Buffett on Saturday launched vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial business practices antithetical to Buffett’s own at Berkshire...
View ArticleClik here to view.
Facebook Is Going To Be Paying a Lot More Tax in the U.K.
Facebook fb will pay a lot more tax in the U.K. after changing its tax structure to book more ad revenue coming from the country in the U.K. itself, rather than diverting it through Ireland as it did...
View ArticleClik here to view.
Goldman Sachs Is Planning Additional Staff Cuts
Goldman Sachs is gearing up to make some job cuts this year. The investment bank amended an earlier notice filed with the New York State labor department, expanding its planned job cuts from 43 to 109,...
View ArticleClik here to view.
Here’s Why Alcoa Shares Are Tumbling
Metals company Alcoa on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, but the company’s top executive...
View ArticleClik here to view.
Sony Just Posted Its Biggest Annual Profit in 8 Years
Japan’s Sony Corp on Thursday reported an annual loss in its image sensors business, raising fears the firm’s revival of recent years may be losing momentum, even as cost cuts helped it book its...
View ArticleClik here to view.
Here Are the Big Trends Shaping the 2016 Fortune 500
There are a few events that have had profound impacts on the landscape of American business: The tech meltdown following the turn of the century is one, as is the financial crisis that struck half a...
View ArticleClik here to view.
Pepsi’s Profits Are Way Up So Far This Year and There’s a ‘Simple’ Reason Why
PepsiCo pep reported a better-than-expected profit for the second quarter, helped by lower raw material costs as well as strong demand for Frito-Lay snacks and new beverages in North America. PepsiCo’s...
View ArticleClik here to view.
Why Johnson & Johnson’s Profits Are on the Rise
Diversified health care company Johnson & Johnson jnj reported a better-than-expected rise in quarterly sales, helped by strength in its pharmaceuticals business. The company’s shares were up about...
View ArticleClik here to view.
American Airlines Posted a Better-Than-Expected Profit
American Airlines aal reported a better-than-expected quarterly profit as the world’s largest airline benefited from cheaper fuel. American’s total operating costs fell 3.3% to $8.61 billion in the...
View ArticleClik here to view.
GE Expects Strong Growth in the Second Half of This Year
General Electric ge on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, health care and power businesses countered weak demand for oil and gas and...
View ArticleClik here to view.
BP’s Profits Plunge as Global Oil Remains in High Supply
British oil major BP posted second-quarter profit down 45% as the global oil glut dragged down refining margins and revenue, prompting another cut to its 2016 investment budget to below $17 billion....
View ArticleClik here to view.
Palo Alto Networks’ Shares Fall 3% On Weaker-Than-Expected Forecast
(Reuters) – Cyber security firm Palo Alto Networks forecast current-quarter revenue and profit below analysts’ estimates, sending its shares panw down 3% in extended trading on Tuesday. However, the...
View ArticleClik here to view.
Washington Warns of Strain on EU Economic Relationship After Apple Ruling
A European Commission order requiring Apple to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while...
View ArticleClik here to view.
After Apple, EU May Focus on Companies Closer to Home
Multinational companies can expect the European Commission to press on with a crack down on sweetheart tax deals after handing Apple a breathtaking demand for 13 billion euros, officials and experts...
View Article
