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News Corp to take charge of up to $1.4 billion this quarterBy Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said th... ...Read More »Marvell forecast beats estimates; shares rise(Reuters) - Chipmaker Marvell Technology Group Ltd <MRVL.O> forecast current-quarter revenue above analysts' expectations and reported first-quarter results that beat estimates on high demand for its storage and networking chips. Marvell's shares rose almost 9 percent to $12.... ...Read More »GameStop results beat as mobile sales rise(Reuters) - Video games retailer GameStop Corp's quarterly profit beat estimates for the fourth consecutive quarter, suggesting that its strategy of expanding its digital and mobile offerings is paying off in a tough video-gaming environment. Sales of video game hardware and software s... ...Read More » |
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HP raises 2013 outlook as Whitman's plan takes holdBy Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. ... ...Read More »Lenovo shares jump more than 4 percent after earnings beat forecastHONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd <0992.HK> jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent in afternoon trade to H... ...Read More »Wall Street falters in volatile session on Fed worriesBy Angela Moon NEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. ... ...Read More »HP raises 2013 outlook as Whitman's plan takes holdBy Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. ... ...Read More »HP profit down 32 percent, shares up as results beat estimatesSAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending its stock 10 percent higher. Net income fell to $1.08 billi... ...Read More »HP second quarter quarter profit down 32 percentSAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking PC sales. Last week, Dell Inc reported a ... ...Read More »Sony cuts sales target for cameras, smartphones for 2014-15TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in it... ...Read More »Sony to assess spin-off plan; cuts targets for cameras, smartphonesBy Tim Kelly TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were encouraging signs of a revival in its electronics business. CEO Kazuo Hirai told a press ... ...Read More » |
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