Oracle Corp. company headquarters in Redwood Shores. (Justin Sullivan/Getty Images)

Oracle Shares Plunge On Grim Earnings, Outlook

Shares of Oracle plunged almost 14 percent in early morning trading Wednesday, a day after the business software company said it was struggling to close deals.



Intel Cuts 4th Quarter Outlook Citing Supply Shortages

Intel Corp. said Monday that it now expects fourth quarter revenue of $13.4 billion to $14 billion. It had previously forecast revenue of $14.2 billion.



Clorox Quarterly Profit Sinks; Beats Earnings Estimates

Clorox Co.’s net income plummeted nearly 40 percent in the fiscal first quarter, largely because last year’s period included the benefit of selling a unit.


A Chevron sign at a Bay Area gas station. (CBS)

Chevron 3Q Profit Jumps On Higher Oil Prices

Chevron Corp.’s quarterly profit more than doubled as a jump in oil prices made up for declining production.


EBay PayPal

eBay 3rd Quarter Income Climbs Above Expectations

EBay’s third-quarter net income climbed 14 percent, helped by growth in its online marketplace and PayPal online payment service, according to the company.


Wells Fargo

Wells Fargo 3Q Profit Up 21 Percent, Revenue Slips

Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.


Schwab's Income Rises 16% In Second Quarter

Charles Schwab Profit Up 77 Percent But Short Of Estimates

Discount broker Charles Schwab Corp. said Monday its third-quarter net income rose 77 percent as more investors turned to the company’s advisory services amid increased market volatility and stock trading increased.


A customer walks into a Safeway store in San Anselmo. (Justin Sullivan/Getty Images)

Safeway Earnings Beat Expectations, Up 6 Percent

Safeway Inc.’s fiscal third-quarter profit rose 6 percent as the grocery chain generated stronger revenue from gasoline sales and cost control efforts. Its shares rose more than 4 percent in premarket trading.


Oracle Corp. company headquarters in Redwood Shores. (Justin Sullivan/Getty Images)

Oracle Quarterly Profit Jumps; Server Business Declines

Stronger spending on business software helped Oracle’s quarterly profit jump 36 percent, but the company’s server business continued to deteriorate, which the company said is happening because it is shedding lower-margin deals.


Cisco Systems headquarters in San Jose. (AP)

Cisco 4th Quarter Earnings Beat Projections

SAN JOSE (CBS/AP) – Cisco Systems may have provided the battered stock market with some balm. The world’s largest maker of computer-networking equipment fared better than analysts anticipated in its latest quarter. The technology bellwether’s […]

CBS San Francisco–08/10/2011