Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
FedEx, Motorola, American Axle, Progressive, Covidien are among big market moversSeptember 11th, 2009 FedEx, Motorola, American Axle big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
FedEx Corp., up $4.66 at $77.32
The package delivery company raised its first-quarter earnings forecast on better-than-expected international shipments and cost cuts. Motorola Inc., up 71 cents at $8.68
The struggling phone maker unveiled its first device using Google's Android system, banking on it to attract consumers.
BlackBerry shares fall marginallyJanuary 22nd, 2009 TORONTO - BlackBerry maker Research In Motion's shares fell only slightly Thursday after the news that its two co-CEOs face a multi-million dollar fine from the market regulatory body. The co-CEOs - Jim Balsillie and Michael Lazaridis - face up to $100 million in fines from the provincial Ontario Securities Commission for their role in a stock option backdating controversy.
Seagate increases revenue guidance in fiscal 4th quarter helped by better demandJune 25th, 2009 Seagate raises 4th-quarter revenue guidanceSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Wednesday raised its fiscal fourth-quarter revenue guidance due to better-than-expected demand and favorable pricing for its products.
Supertex shares rise after analyst upgrades stock to 'buy;' Samsung LED TV demand is driverSeptember 15th, 2009 Supertex shares rise after analyst upgradeNEW YORK — Shares of chip maker Supertex Inc. were up more than 5 percent Tuesday after an analyst upgraded the stock to "buy" based on its position as the sole supplier of drivers for Samsung Electronics Co.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
Sales boost Research in Motion's 1st-qtr earnings 33 percent; investors cautious on forecastJune 19th, 2009 RIM 1Q profit tops view, shares wobble on outlookTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday reported a better-than-expected 33 percent jump in first-quarter profit as the company continues to boost market share among non-corporate customers.
Citigroup, Nokia, Hovnanian, Family Dollar, Costco are among big market movers ThursdaySeptember 3rd, 2009 Citigroup, Nokia, Hovnanian are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:
NYSE:
Citigroup Inc., up 21 cents at $4.77
Shareholders approved a plan to increase the bank's outstanding stock, allowing it to complete a debt swap that will improve cash flow. Nokia Corp., up 61 cents at $13.91
The world's biggest maker of cell phones unveiled new models that boast more music features and mesh better with Facebook.
Research In Motion shares retreat after UBS downgradeAugust 10th, 2009 RIM shares take a hit after UBS downgradeNEW YORK —Shares of Research in Motion Ltd. took a hit Monday after a UBS analyst downgraded the BlackBerry smart phone maker, saying that while the current quarter looks to be going well, the stock is nearing his target price.
Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail salesJuly 14th, 2009 Take-Two cuts outlook on BioShock 2 delaySAN FRANCISCO — Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
GameStop profit falls 32 percent on fewer hit video game titles; full-year outlook cutAugust 20th, 2009 GameStop posts disappointing profit, cuts outlookGRAPEVINE, Texas — GameStop Corp., the world's largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading.
Shanda Games gets tepid reception for this year's biggest IPO; shares slide 14 percentSeptember 25th, 2009 Shanda Games IPO gets tepid receptionNEW YORK — Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year. The company offered more shares than expected, but got a lackluster reception.
Shanda Games to launch this year's biggest IPO, raising $1 billion at $12.50 per shareSeptember 25th, 2009 Shanda Games to launch this year's biggest IPONEW YORK — Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year. The company offered more shares than expected, but got a lackluster reception.
BlackBerry posts $643 mn profitJune 20th, 2009 TORONTO - BlackBerry maker Research In Motion (RIM) has reported a profit of $643 million for the first quarter of the year, compared to $518.3 million posted during the previous quarter. However, its quarterly revenue was slightly dwon at $3.42 billion from $3.46 billion in the previous quarter.
BlackBerry bosses fined $77 million for option backdatingFebruary 5th, 2009 TORONTO - BlackBerry co-CEOs and top executives were collectively fined $77 million Thursday for their role in a stock option backdating controversy at the wireless communication giant. The provincial Ontario Securities Commission, which has been investigating the two co-CEOs - Jim Balsillie and Michael Lazaridis - and other executives for their role in the controversy dating from 1996 to 2006, handed down the biggest fine in its history for financial irregularities.
July 25th, 2009 at 7:56 am
Why, it’s no surprise that the Bucks’ profit is soaring. While the rest of us are panicking because of the crisis, the rich kids are still enjoying their cup of frappes and macchiatos. Unfair huh?