The pending departure of the San Francisco 49ers to Santa Clara is already causing something of a financial headache within the City’s Recreation and Park Department, as it begins work on a new two-year budget.
Apple’s blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.
Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.
Facebook’s stock was climbing after an upgrade from an analyst who believes Wall Street was underestimating the company’s potential to grow revenue.
Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.
Intel, the world’s largest chipmaker, said its net income fell 14 percent from last year, and it’s looking at tough conditions in the new quarter.
Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees.
Oracle’s earnings matched analyst estimates in the latest quarter, but a revenue decline signaled the business software maker is having a tougher time closing deals.
Things have gotten so bad for City College of San Francisco that it could be shut down next academic year. The Accrediting Commission for Community and Junior Colleges is expected to issue a report outlining CCSF’s prospects for the future later this week.
Intel is cutting its third-quarter revenue forecast due to softer-than-expected demand amid difficult economic conditions.