Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
Excluding one-time items and lease accounting, Tesla Motors Inc. said it had a profit of 20 cents per share. The one-time items included a $16 million charge associated with the payoff of a $465 million loan from the U.S. Department of Energy. Tesla paid off the loan in May, nine years earlier than it was due.
Virgin America posted a rare quarterly profit Wednesday, reflecting more people flying and falling fuel prices…
LinkedIn’s second-quarter net income rose 33 percent as the online professional networking service’s membership growth accelerated.
Facebook’s stock is soaring after the world’s biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reverses a loss a year ago.
Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation.
Google’s financial performance faltered in the second quarter as a downturn in the Internet search leader’s ad prices deepened.
Yahoo’s second-quarter results aren’t giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company.
Lower expenses and fewer bad loans helped lift Wells Fargo’s second-quarter profit by 20 percent, the company reported Friday.
The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says that it earned $333 million, or 71 cents per share, for the three-month period ended May 4. That compares with $233 million, or 47 cents per share, in the year-ago period.