Amazon.com Inc's quarterly profit fell far short of Wall Street estimates, hurt by a 40 percent jump in expenses and by price cuts on its Kindle electronic reader, sending its shares down 14 percent.
Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.
(Corrects that Kindle sales growth rate tripled, not sales, paragraph 9)
Microsoft Corp reported a 48 percent rise in quarterly profit on Thursday, as strong sales of Windows 7 helped it beat Wall Street projections.
Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.
Strong results from major U.S. multinationals such as Caterpillar Inc and UPS suggest the global economy may be on a stronger footing than previously thought.
Industrial companies, including Caterpillar Inc and 3M Co , credited demand from emerging markets like China for another round of stronger-than-expected quarterly results and improved 2010 forecasts.
Nokia reported a sharp drop in second-quarter profits on Thursday and forecast a weak third quarter, increasing the pressure on embattled chief executive Olli-Pekka Kallasvuo.
The New York Times Co reported on Thursday better-than-expected earnings and said that second-quarter revenue rose about 1 percent as more advertisers and readers opened their wallets than they did a year ago.
AT&T Inc posted a better-than-expected profit particularly in its wireline business and said it was more optimistic on growth prospects for 2010, sending its shares up 2 percent in early trade.
Online retailer Amazon.com Inc said on Thursday it will exclusively publish digital editions of 20 classic books owned by the Wylie Agency, including authors such as Philip Roth, John Updike and Norman Mailer, for the first time on its Kindle electronic reader.
Nokia reported a sharp drop in second-quarter profits and forecast a weak third quarter, increasing the pressure on embattled Chief Executive Olli-Pekka Kallasvuo.
Nokia reported on Thursday a sharp drop in second-quarter profits, increasing the pressure on embattled Chief Executive Olli-Pekka Kallasvuo.
Superheroes are enjoying a new career path, heading straight from the pages of comic books into video games and no longer having to stop at Hollywood to collect their credentials first.
U.S. mobile phone maker Motorola Inc has sued China's Huawei Technologies Co for alleged theft of trade secrets, highlighting the fast-growing Chinese firm's difficulty in shaking the nation's reputation for piracy.
IBM on Thursday unveiled a new mainframe computer called zEnterprise, which it said was the most powerful mainframe ever and is more cost-efficient than previous-generation products.
A U.S. judge on Wednesday released former media baron Conrad Black from prison on $2 million bond, while she decides whether to throw out his 2007 conviction for defrauding shareholders.
Internet commerce company eBay Inc's second-quarter profit beat Wall Street estimates, helped by a record performance at its PayPal online payments unit and marketplace division sales in Europe.
eBay Inc beat Wall Street's quarterly profit estimates, helped by a record performance at its PayPal Web payments unit and strong marketplace sales in Europe.
Federal Reserve Chairman Ben Bernanke's dour assessment of the U.S. recovery hit stocks on Wednesday, as his comment that the economy faced unusually uncertain prospects rattled investors.
A U.S. judge on Wednesday released former media baron Conrad Black from prison on $2 million bond, while she decides whether to throw out his 2007 conviction for defrauding shareholders.
Wall Street analysts boosted their price targets on Apple Inc after it posted robust quarterly results, but the company's conservative margin forecast limited gains in the stock on Wednesday.
Three telecoms firms have subscribed to a new undersea cable linking Nigeria and West Africa to Europe, paving the way for a transformation in internet access in Africa's fastest-growing telecoms market.
U.S. stocks fell on Wednesday as investors were discouraged after Federal Reserve Chairman Ben Bernanke said the U.S. economy faces unusually uncertain prospects.
U.S. lawmakers on Wednesday called for tough new measures to punish China for its failure to stop widespread piracy and counterfeiting of U.S. goods ranging from music CDs to manufactured products.
The United States will make China a significant focus of its beefed-up efforts to fight global piracy and counterfeiting of U.S. goods ranging from CDs to manufactured products, a U.S. official said on Wednesday.
The United States will make China a significant focus of its beefed-up efforts to fight global piracy and counterfeiting of U.S. goods ranging from CDs to manufactured products, a U.S. official said on Wednesday.
An Australian scientist who invented the flight data recorder famously known as the black box to help investigate aircraft accidents has died at the age of 85, defense officials said on Wednesday.
Dutch navigation device maker TomTom reassured investors by keeping its 2010 outlook intact in the face of stiff competition from free navigation on smartphones.
Lenovo Group, the world's No.4 PC brand, said it will roll out its own tablet PC, becoming the latest technology company to jump on the bandwagon for computers styled after Apple Inc's popular iPad.
