Browsing Archive: April, 2012

Zynga (ZNGA) Posts Better-Than-Expected Earnings

Posted by macy macon on Monday, April 30, 2012, In : Finance 
Zynga Inc (NASDAQ : ZNGA) stock fell 9.6 percent to $8.52 at the close in New York, which was its largest decline since Feb 15. There has been a 15 percent drop in the stock since it began trading on Dec 16. The drop came after reports that a large portion of the growth in virtual goods sales emanates from mobile players, who try to spend less on online games.

Zynga had raised $1 billion in its December initial public offering. It has used the money to expand into new areas, such as m...
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Galaxy Phones Propels Samsung To Record Profit

Posted by macy macon on Friday, April 27, 2012, In : News 
South Korea's electronic giant, Samsung Electronics Co aided by its record selling Galaxy phones reported a record $5.2 billion first-quarter  profit. The company sold around 93.5 million handsets in the first quarter.

Samsung, the world's top technology firm by revenue, saw its first-quarter  operating profit nearly doubling to 5.85 trillion won, whereas, its  quarterly handset division profits nearly tripled to 4.27 trillion won ($3.8 billion), representing 73 percent of the total p...


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Protesters Throng Wells Fargo (WFC) Shareholder Meeting

Posted by macy macon on Thursday, April 26, 2012, In : Stock News 

Wells Fargo shareholder meeting in San Francisco Tuesday was thronged by hundreds of Occupy Wall Street protestors who wanted to disrupt the meeting and be heard.

 The annual shareholders meeting of Wells Fargo (NYSE : WFC) in San Francisco Tuesday was thronged by hundreds of Occupy Wall Street demonstrators in order to disrupt the meeting. Many of the demonstrators had bought company stock in order to enter inside the Merchant’s Exchange Building in the city’s bustling financ...


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Wells Fargo's (WFC) Annual Shareholders Meeting Disrupted by Protestors

Posted by macy macon on Wednesday, April 25, 2012, In : News 
On Tuesday, hundreds of protestors comprising of union members, Occupy Wall Street demonstrators and people whose homes have been foreclosed across the country  marched to Wells Fargo (NYSE : WFC) to disrupt the annual shareholders meeting.

The shareholders annual meeting was organized to announce the 28 percent profit which the company earned last year. While the CEO of Wells Fargo , John Stumpf ,was announcing the profit of the bank, fifteen protestors, who were allowed in the meeting...


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Facebook Gets A Portion Of AOL Patents From Microsoft for $550 million

Posted by macy macon on Tuesday, April 24, 2012, In : Top News 

Software major Microsoft Corporation (NASDAQ:MSFT) has sold a part of its patent portfolio it recently acquired from AOL (NYSE:AOL) to social networking giant Facebook Inc. for $550 million in cash.

The deal entitles Facebook to a ownership of about 650 AOL patents and patent applications. However, Microsoft will still have the license to these patents. The deal is being seen as a strategic move by the Menlo Park, California-based Facebook to bolster  its intellectual pr...


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Netflix (NFLX) CEO Total Compensation Slashed by USD1.5 million

Posted by Macy Macon on Monday, April 23, 2012, In : News 

As a result of missteps taken by Netflix's (NASDAQ : NFLX) head honcho, Reed Hastings, which resulted fall in company's stock last year, his stock option awards has been slashed in half.

The move came after Hasting role led to an unpopular price increase and major subscriber losses. He was the only executive to take a pay cut. While, his $500,000 salary remains the same, his pay package this year was reduced...


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Nissan To Manufacture Two Infiniti Models In China

Posted by macy macon on Saturday, April 21, 2012, In : News 

New York, April 20 (FinanceEnquiry.com) - On Friday, Nissan revealed its plans to build two models of its luxury Infiniti brand in China from 2014. The Japanese auto giant aims to reach its sales target of 500,000 units by 2016, compared to 145,000 last year when it was produced in Japan and the US.

Nissan did not disclose the type of models that will be produced at facilities operated by Dongfeng Motor Co., its Chinese partner. It's...


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McAleese Transport Purchase Option to Buy LCR Group

Posted by macy macon on Friday, April 20, 2012, In : News 
On Thursday, Queensland-based McAleese Transport has bought the option to acquire LCR (Lifting Customers Reputations) Group from its owner CHAMP Private Equity. The acquiring option can be used any time till its expiry in mid-2013. The option comprises a price mechanism which is dependent on the performance of Brisbane-headquartered LCR.

During September 2008, when LCR’s revenue was more than A$120 million and it had mining projects in the Bowen Basin and infrastructure throughout A...


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American Express (AXP) Earnings Jump in Q1

Posted by macy macon on Thursday, April 19, 2012, In : News 
American Express (NYSE : AXP) experiences 7 percent jump in the earnings during the first quarter as the cardholders has spend12 percent more as compared to the previous year.

As compared to other credit card companies, American Express serves more affluent base. Sales at luxury stores surpassed the expectations during the economic recovery, resulting American Express' income soar 35 percent to $752 million in the US.

The credit card company took necessary steps...


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NEI Investments, Otterwood Capital Sign Partnership

Posted by macy macon on Tuesday, April 17, 2012, In : News 
NEI Investments has entered into an exclusive retail investment management contract with Toronto-based independent investment management firm OtterWood Capital Management Inc. Christine Hughes, who heads Otterwood, will serve as sub-advisor to NEI for the Ethical Balanced Fund and two new Northwest mandates that are awaiting security holder votes and regulatory approvals.

As a part of this agreement, OtterWood is expected to take over investment management responsibilities for the $330 milli...
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Coinstar (CSTR) First Quarter Profit Beats Forecast, Stock Surges

Posted by macy macon on Monday, April 16, 2012, In : News 

Coinstar reported first-quarter profit and sales that were higher than what it had forecast mainly because of higher prices. Its stock rose as much as 19 percent in extended trading.

New York, April 13 (SharewellNewswire.com) - Coinstar Inc (NASDAQ : CSTR) reported higher-than-forecast profit and sales for the first quarter mainly due to higher prices. The stock of the owner of Redbox movie-rental kiosks jumped as much as 19 percent in extended trading after the result.

The Belle...


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US 1Q Foreclosure Filings Fall to Lowest Quarterly Total Since 2007

Posted by macy macon on Friday, April 13, 2012, In : News 

First-quarter foreclosure filings in the first quarter were lower by 16 percent from a year earlier. It was also the lowest quarterly total since 2007.

New York, April 12 (SharewellNewswire.com) - There was a decline of 16 percent in first-quarter foreclosure filings from a year earlier. It was also the lowest quarterly total since 2007. The fall in foreclosure filings in the first quarter sequentially was 2 percent. The number of the US properties that got default notices, schedule...


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DirecTV (DTV) and Tribune Reach Agreement over Programming Fees

Posted by macy macon on Thursday, April 12, 2012, In : News 

An agreement has been reached between DirecTV and Tribune over programming fees. The dispute was regarding Tribune asking DirecTV to pay triple the fees that it had been charging to carry Tribune stations on its service. Both companies said that a fair agreement had been reached.

New York, April 5 (SharewellNewswire.com) - DirecTV Inc (NASDAQ : DTV) and Tribune Co have reached an agreement over programming fees leading to the lifting of the black out of Tribune’s 23 TV stati...


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Yahoo (YHOO) Plans Slashing 2,000 Jobs in Latest Shake Up

Posted by macy macon on Friday, April 6, 2012, In : Business 
   

The new Yahoo CEO, Scott Thompson is taking drastic measures to turn around the company including slashing 2,000 jobs, which is the largest layoff in the company’s 17-year history.

 

New York, April 5 (SharewellNewswire.com) - Within three months of joining Yahoo (NASDAQ : YHOO) as its CEO, Scott Thompson has taken many drastic actions in order to turn around the company. He has imposed the highest layoffs in the company’s 17-year history, changed the shape of the bo...


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Yahoo (YHOO) Plans Slashing 2,000 Jobs in Latest Shake Up

Posted by macy macon on Thursday, April 5, 2012, In : Business 
Synopsis:

Yahoo is in the midst of turmoil because of hostility from a major shareholder and a legal dispute with Facebook. It is planning to lay off about 2,000 employees in order to cut costs.

New York, April 4 (SharewellNewswire.com) - There is more turmoil at Yahoo (NASDAQ : YHOO) that has just changed its CEO and is facing hostility from a major shareholder. It is also grappling with a legal dispute with Facebook over technology patents. In the midst of all its troubles, the Internet...
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