The world’s largest payments network, Visa (NYSE: V), announced its earnings report recently, delivering a strong quarter of revenue and earnings driven by success across their global franchise.
Net income for the quarter was $1.3 billion, an increase of 26% over the prior year, or $1.93 per share, an increase of 30% over the prior year. Net operating revenue in the first quarter of fiscal 2013 was more »
The Oracle of Omaha is again showing that he's got a taste for companies that make the kinds of food many Americans love.
Billionaire investor Warren Buffett is dipping into the ketchup business as part of $23.3 billion deal to buy the Heinz ketchup company.
Dell’s (NASDAQ: DELL) move to take itself private has the tech world buzzing.
On February 6, the company announced that Michael Dell had struck a deal to take the company private in the biggest leveraged buyout since the financial crisis, partnering with the Silver Lake private equity firm and Microsoft (NASDAQ: MSFT) to try to turn around the struggling computer company without Wall Street scrutiny. Michael Dell will contribute more »
ExxonMobil (NYSE: XOM) has once again surpassed Apple as the world’s most valuable company after the iPhone and iPad maker saw its stock price falter.
Apple had first overtaken Exxon Mobil as the world’s largest publicly traded company in August 2011, but Apple has now handed the mantle back to Exxon, following several difficult weeks which have seen its share price fall to a 12 month low. Apple more »
PC sales sank in the fourth quarter of 2012 due to increased competition from smartphones and tablet devices. The slumping sales of PC's in the fourth quarter is evidence of a structural shift in the PC market rather than simply a weak economy. Shipments totaled some 90.3 million units -- a 4.9 percent decline from the fourth quarter a year earlier. In the U.S. market, PC shipments more »
By now, most of the world knows what an iPhone is — and they know it typically doesn’t come cheap.
That is the problem Apple (NASDAQ: AAPL) faces. It must decide whether to keep catering to the high end of the phone market, reaping fat profits from relatively fewer sales, or offer something cheaper to compete with lower-cost alternatives like Samsung’s phones.
Worries about low-cost competition weighed on Apple more »
Clothing, gadgets, and other consumer items aren't the only things on sale this January. Many of the biggest-name retailers at your local mall have seen their own share prices dumped on the clearance rack as well. But investors be warned: Many stocks are on sale for good reason—and investors need to show some early-year resolve.
In October 2012, Jeff Sprecher, chief executive of upstart IntercontinentalExchange (NYSE: ICE), approached NYSE Euronext (NYSE: NYX) CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.
As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion (5 billion pounds) deal announced on Dec. 20.
The deal will link up the two most powerful more »
Technology stocks fell across the board on Friday,28th December as the broader market quickly fell into the red on growing worries about the impending fiscal cliff.
With less than four days to go before billions in federal spending cuts and tax increases are due to take effect, financial markets nervously awaited a White House meeting between congressional leaders and President Barack Obama on whether some sort of compromise more »
Following the news that Facebook (NASDAQ: FB) joined the NASDAQ-100, an index comprised of the 100 largest non-financial stocks listed on The NASDAQ Stock Market, Canadian company Research in Motion (NASDAQ: BBRY), the makers of BlackBerry telephones, will no longer be a part of the Nasdaq 100 index. These changes will come into effect on Monday, Dec. 24.
In addition to RIM, nine other companies were removed from the list more »
The largest US discounter and other gigantic retail chains are among a pack of emerging bidders for some of the much-loved brand names to be auctioned off by bankrupt baker Hostess Brands, according to a recent report. The maker of Wonder Bread, Twinkies and Ding Dongs —has attracted a bevy of would-be breadwinners betting that America’s love affair with junk food isn’t over yet. Wal-Mart (NYSE: WMT) is more »