Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.
A little optimism goes a long way: According to a recent study commissioned by the Newspaper Association Managers (NAM), 25 percent of newspaper executives believe the industry will be more relevant five years from now than it is today.
Over four million Bumbo Baby Seats were recalled on Wednesday after Bumbo International Trust announced a voluntary recall of its molded foam baby chairs due to safety concerns. But how do you know if your Bumbo Baby Seat is affected under the recall?
Poor risk control, not fraud, was the reason for the disappearance of $1 billion during the collapse of MF Global.
Apple fans are expecting a brand-new mini iPad to be unveiled alongside the iPhone 5 next month, but on Wednesday, 9 to 5 Mac posted concept images of what it believes the iPad Mini will look like, based on tips from inside sources. The tips also happen to line up with schematics and cases, which can give us a clearer picture of the features and specs of the upcoming iPad Mini.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, plunged more than 5 percent when the market opened Thursday, as insiders were free to unload as many as 241 million shares.
China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.
Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.
With the highly rumored September 12 release date of Apple's next gen iPhone, the so-called "iPhone 5," approaching fast, speculations concerning the 2012 version of the flagship smartphone have flooded the Internet over the last few months. Given the enormous buzz among people, it's pretty much sure that the device's sales, no matter how it finally launches - as "iPhone 5" or as the new iPhone, will touch new heights.
Thursday frees holders of as many as 271 million shares of Facebook (Nasdaq: FB), the No. 1 social networking site, to sell them for the first time since the first-day trading fiasco on May 18, when shares that had been priced at $38 first traded at $42.05, then didn’t trade for 30 minutes and closed at $38.23.
Cisco Systems (Nasdaq: CSCO) reproted fourth-quarter results that exceeded analyst estimates.
About the only things Americans seem to be eating when they go out are cheeseburgers, nacho platters, chicken sandwiches, curly fries and other fast-food fare.
Any trial in U.S. District Court of the more than 50 shareholder lawsuits alleging fraud by Facebook (Nasdaq: FB), the No. 1 social networking site, and its underwriters could be as much as five months away, lawyers said.
Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.
Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.
Recent massacres where gunmen shot up public gatherings had Americans scrambling to buy more guns, so much so that Wall Street analysts are seeing little positive upside for gun manufacturers.
Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
Police said a burglar stole the wallet of the late Apple Inc. (Nasdaq: AAPL) Chairman Steve Jobs July 17, when he broke into his empty residence in Palo Alto, Calif. The wallet had $1 inside along with Jobs’s California driver’s license.
Ikea, the Swedish store known for its affordable DIY home furnishing, is branching into a new arena: the hotel business.
Wall Street powerhouse Standard & Poor’s lowered its opinion of Dell (Nasdaq: DELL), the No. 3 PC maker, because it’s becoming “more bearish of the PC industry in general,” the ratings agency said Wednesday. It trimmed its 12-month target price for Dell shares to $14 from $15.
The Carlyle Group (Nasdaq: CG), a global asset manager, and Getty Images management said Wednesday they formed a partnership to acquire privately held Getty Images Inc. from Hellman & Friedman for $3.3 billion.
The South Korean car manufacturer Kia has become an unexpected success with its Forte Koup and Optima cars on the Grand Am and Pirelli World Challenge racing circuits.
Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.
According to a recently released report by Forrester Research, mobile banking is growing both in the United States and in Europe. By 2017, there will be 108 million mobile banking users in the U.S., accounting for about 46 percent of all bank account holders in the country.
Mac OS X Mountain Lion has out for about three weeks now, and millions of downloads later, it looks like Apple is getting ready to release the first major maintenance update for the new platform. Apple seeded OS X 10.8.1 to developers on Friday, but what exactly is Apple planning to fix in 10.8.1? Here are 4 major bugs, errors and issues that Apple definitely needs to fix in the 10.8.1 update.
The once-noisy din surrounding user-generated contests has somewhat quieted in recent years, but Canon U.S.A. on Tuesday announced that it has wrangled up five disparate celebrities to direct short films under the tutelage of the Oscar-winning director Ron Howard.
Malaysian netizens, opposition politicians, well-known bloggers and non-governmental organizations staged an Internet blackout on Tuesday to protest and raise awareness about legislation that could threaten free expression on the Web.
Some of the China's largest solar manufacturers are facing huge debt liabilities, and one of them, Suntech Power Holdings [STP.N], is potentially on the hook for hundreds of millions of dollars after it disclosed potential fraud by a partner.
British Standard Chartered Bank, which had been accused by New York state's top banking regulator of engaging in illegal money-laundering on behalf of the Iranian regime in an explosive legal filing last week, id settling charges for a fine of $340 million.
Market researcher Gartner Group (NYSE: IT) said global smartphone sales eased 2.3 percent in the second quarter to 419 million units, accounting for a record 36.7 percent of all mobile phone sales.