CNBC’s Jon Fortt listened into Apple’s earnings call and shares highlights. By Bill Briggs, msnbc.com contributor Apple’s market muscle held firm Tuesday as the company — bolstered by thriving sales in Asia — surpassed analysts’ estimates and set second-quarter records in its sales of iPhones, iPads and Macs. The tech ...
A policy barring Twitter shareholders from selling more than 20% of their stock is causing tension in Twitter’s employee ranks. NEW YORK (CNNMoney) — While Facebook prepares to go public, Silicon Valley’s other buzzy social startup, Twitter, is doing everything in its power to stay private.
The average foreclosed home sold during the quarter took 193 days to sell. That was up from 172 days in the previous quarter and 161 days in the third quarter of 2010. NEW YORK (CNNMoney) — Sales of homes in foreclosure comprised 20% of all U.S.
NEW YORK (CNNMoney) — It may not be over yet, but retailers are breathing a sigh of relief and celebrating a successful holiday season, thanks to a last-minute surge in sales. Online sales during the final week before Christmas hit $2.8 billion, up 16% from last year, according to ComScore, ...
WASHINGTON (CNNMoney) — Amazon and eBay had it out in a public brawl in Washington on Wednesday during a congressional hearing about allowing states to collect sales tax on Internet purchases. Amazon (AMZN, Fortune 500) and eBay (EBAY, Fortune 500) are an opposite sides of the lightning-rod issue — and ...
NEW YORK (CNNMoney) — Every time Groupon revises its accounting to strip away another feat of financial gymnastics, the picture grows grimmer. In a late-Friday regulatory filing, daily deals merchant Groupon updated its reported sales to “correct for an error” — namely, including in its revenue the cash it has ...
NEW YORK (CNNMoney) — The tornado season of 2011 will go down as one of the most destructive and dangerous in U.S. history. More than 1,500 tornadoes were reported this year, exceeding the 10 year average of 1,300, according to the National Weather Service. Even worse: an estimated 550 people ...
Brown Safe created this $6,500 custom-designed safe for a customer who needed to protect piles of gold bars, jewelry and cash. NEW YORK (CNNMoney) — Amid the market turmoil, sales of security safes and vaults have spiked. While some shoppers sought to protect whatever valuables they had left, others needed ...
Alcohol sales – including wine, liquor and craft beer – have thrived in spite of, or maybe because of, high unemployment. NEW YORK (CNNMoney) — Alcohol sales climbed with little interruption throughout the recent recession, and have continued to expand in recent months. This is in spite of — or ...
MUMBAI: The government is not planning to revise the fee structure for merchant bankers in public share sales in the near term, a top finance ministry official told ET. “The fees are broadly in line with the market and do not require any immediate changes,” the official said, dismissing speculation ...
NEW YORK — Companies have found a new way to surprise analysts: They’re selling more stuff. Three out of four companies in the S&P index that have reported earnings this quarter have beat sales predictions by Wall Street analysts. And some companies aren’t just merely squeaking in ahead of expectations. Fifteen ...
HEARING implant company Cochlear has precious little to do with the world of casinos and lotteries that is the purview of gaming group Tabcorp, yet the respective chief executives, Chris Roberts and Elmer Funke Kupper, found the time to have breakfast together this week. The pair were preparing for a ...
By David Goldman, staff writerJanuary 18, 2011: 6:03 PM ET NEW YORK (CNNMoney) — Apple reported results on Tuesday for its best-ever quarter, with revenue of $26.7 billion driven by holiday iPad and iPhone sales that were much better than forecast. Apple’s profit of $6 billion also set a new ...
NEW YORK — Shoppers who skipped the crowds on Black Friday gave online merchants a 16 percent spike in revenue, according to data released Saturday. That’s spurring optimism for spending the rest of season. That increase came partly from shoppers who spent more per online purchase during the traditional opening ...
But hard-pressed homeowners like Lydia Sweetland are asking why lenders often balk at a less disruptive solution: short sales, which allow owners to sell deeply devalued homes for less than what remains on their mortgage. Ms. Sweetland, 47, tried such a sale this summer out of desperation. She had lost ...
MILAN: The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year of self-denial and nouveau riche Chinese indulging in a worldwide spending spree, according to a new study released Monday. Sales of designer clothes, fine leather goods, jewelry, watches ...
By Charles Riley, staff reporterOctober 8, 2010: 6:51 PM ET NEW YORK (CNNMoney.com) — Bank of America is halting foreclosure sales in all 50 states as part of a widening investigation into flaws in the process, the company announced Friday. The announcement came a week after the nation’s largest bank ...
