Stocks
Oracle Shares Fall On Weak 3rd Quarter Report
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software – which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Renewed Fervor For Google Lifts Stock Above $800
Google’s stock price topped $800 for the first time Monday amid renewed confidence in the company’s ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market.
Intel 4th Quarter Profit Down, Beats Street
Intel Corp., the world’s largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.
Apple Stock Wilts On Worries About iPhone Demand
Apple’s stock slipped below $500 for the first time in 11 months on Monday as investors reacted to reports signaling the company’s latest iPhone is falling further behind a slew of sleek alternatives running Google’s Android software.
Pandora Outlook For Loss Sparks Sell-Off
Internet radio company Pandora Media Inc. said Tuesday that its third-quarter net profit more than tripled to $2 million as revenue rose slightly faster than costs. But it predicted a loss in the fourth quarter, a bad surprise for investors who sent shares tumbling.
Facebook Stock Falling As Employees Begin Selling Shares
Facebook’s stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company.
Facebook Shares Jump 21-Percent Following Mobile Advertising Growth
Facebook shares are posting their biggest single-day gain since going public, jumping 21 percent after the social media company made inroads in mobile advertising and posted accelerating growth in overall ad revenue.
Facebook Posts 3Q Loss, Revenue Jumps
Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street’s expectations.
Apple Stock Soars To Over $700 For 1st Time On iPhone 5 Sales
Apple’s stock has reached $700 for the first time, setting a record for the company the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
Zuckerberg Has No Plans To Sell Facebook Shares This Year
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
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