Since the Nintendo Wii took the world by storm in September 2006, there has been no stopping sales. But the recession has managed to slow its roll for the first time, with Nintendo Co. selling only 2.23M Wii video game consoles in the first quarter, less than half the 5.17M sold in the same period [...]
US Commerce Report Due Today Likely to Show Recession Slowed in Q02 2009, Economists Anticipate Annualized Contraction of 1.5% European Statistics Office Reports Euro Zone Unemployment Rate at 10-Year HI of 9.4% in June from May, Consumer Prices Fell 0.6% in June Year-Over-Year (yoy) Japanese Consumer Prices Decline for Fourth Straight Month, Falling by a [...]
Just when Americans started to get comfortable with the idea that things were getting better, they were dished a harsh reality check yesterday. Consumer confidence reports were released, and they were far from pretty. The Conference Board’s confidence index dropped to 46.6 in July from 49.3 in June, its second consecutive monthly decline, and much [...]
Sprint Nextel Corp, one of yesterday’s top volumes on the New York Stock Exchange, saw its shares plunge 11.76% after posting disappointing second quarter results. The mobile phone operator said its net loss grew 11.63% to US$0.13 per share, while analysts expected a narrower loss of US$0.09. Although Sprint added 777,000 pre-paid customers, it lost [...]
Royal Dutch Shell Plc Beats Estimates Posting a 70% Decline in Second Quarter Net Income to USD 2.34B from a Year Earlier German Unemployment Unexpectedly Falls for First Monthly Decline in Nine Months in July, Adding 6,000 Jobs to Reduce Jobless Rate to 8.3% Visa Inc Reports Better-Than-Expected Third Quarter Earnings Rising 73% to USD [...]
After months of speculation and behind-the-scenes clamoring, Microsoft Corp has finally gotten its wish. The technology giant has reached a 10-year agreement to partner with Yahoo! Inc as it goes up against the undisputed champion in the search engine business – Google inc. With this latest move, Microsoft will have exclusive access to the Internet’s [...]
International Business Machines (IBM) is looking to solidify its spot as the world’s number one computer-services provider. IBM, which is also known as the “Big Blue”, announced that it will acquire statistical software developer SPSS Inc. in a US$1.2B all-cash deal that is expected to help it further penetrate the analytics business. This is just [...]
Microsoft Corp and Yahoo Inc Nears Agreement to Online Search and Advertisement Partnership, Expects to Announce Deal Within 24 Hours Honda Motor Co Inc Posts First Quarter Profit of USD 79.8mm Beating Analysts’ Estimates of a Loss, Raises Full Year Forecasts Time Warner Inc Posts Second Quarter Earnings of USD 0.43 per Share and Revenue [...]
Verizon Communications Inc., the United States’ largest wireless carrier, reported yesterday that its second quarter profit fell 21% to US$1.48B or US$0.52 per share from the same period last year. Verizon’s wholesale and corporate segments were most affected, as business customers cut phone lines, overshadowing growth in its wireless segment. After failing to keep cost [...]
Yesterday, Ryanair Holdings Plc reported a turnaround in its performance with a first quarter profit of EUR 123M, versus a loss of EUR 90.5M posted in the year earlier period. The Irish airline benefited from lower fuel costs as revenues were flat at EUR 774.7M for the quarter ended June 30, 2009. While many of [...]