Poll Shows Californians Gloomy Outlook On Economy, Job MarketA new poll shows that most Californians are downright gloomy about the state’s economy and very few voters think the job market will improve this year.
Number Of California College Grads Taking Jobs In Retail, Restaurants DoublesYoung college graduates in California are facing a bleaker job outlook than just five years ago.
Zynga Stock Sinks After Lowered 2012 OutlookTroubled Zynga’s stock is trading near its lowest level ever Friday after the online game maker behind “FarmVille” forecast a third quarter loss amid weak demand for its Web-based games. It’s also taking a hefty charge related to its March acquisition of mobile game company OMGPop.
Hewlett-Packard Stock Dives After CEO Warns Of Earnings SlumpHewlett-Packard CEO Meg Whitman expects the technology company’s earnings to fall during the next year as she struggles to fix a wide range of problems in a weakening economy.
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.
Oracle Quarterly Profit Jumps; Server Business DeclinesStronger 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.
Netflix Lowers Outlook Following Subscriber Split
Netflix Shares Plunge On Sober Growth OutlookNetflix Inc. is bracing for customer backlash that could result in its slowest subscriber growth in more than three years amid changes to its online video and DVD rental service that will raise prices by as much as 60 percent.
Safeway Reports Higher 2Q Profit; Eroding Market ShareGrocery store operator Safeway Inc. reported Thursday that its second-quarter profit grew as higher prices and strong gasoline sales helped offset its rising costs for commodities.
Skype Cancels IPO To Clear Way For Microsoft SaleInternet calling service Skype has cancelled its IPO now that it’s agreed to be sold to Microsoft for $8.5 billion.
Hewlett-Packard Cuts Outlook For Year Following Leaked MemoHewlett-Packard Co. cut its full-year outlook Tuesday, citing a trifecta of woes that include the earthquake in Japan, soft PC sales and weakening performance in its crucial tech services business.