Research In Motion reported better than expected earnings Thursday, blunting fears that the Blackberry-maker is losing ground to smartphone rivals Apple and Google. But investors pushed shares down 3% in after-hours trading on …
Net income for the quarter ended Aug. 31 was $1.35 billion, or 27 cents a share, up from $1.12 billion, or 22 cents, a year earlier, Oracle said in a statement today. Revenue surged 48% to $7.5 billion.
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Regulators may outline new rules to target so-called window dressing, a practice that some banks use to temporarily reduce their debt levels before reporting their finances.
The SEC is scheduled to raise the matter at a meeting on Friday, then issue …
Despite more than doubling its earnings over the last three months, economic bellwether FedEx says that it will slash 1,700 jobs as it closes 100 facilities.
Continue reading FedEx Earnings More than Double, Pl…
Bowing to reality, Best Buy will slash the floor space it devotes to compact discs and DVDs this holiday season. It’s a reflection of the record industry’s grinding digital transformation. Meanwhile, Google is getting ready to …