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Research in Motion Changes Leadership
Waterloo, Ont. based Research in Motion (NASDAQ: RIMM) announced the resignation of Co-CEO’s Mike Lazardis and Jim Balsillie along with their replacement, Thorsten Heins. Heins had been COO of the… Read more
GE Sees Revenue Fall Below Expectations
General Electric Co’s 4Q income fell short of market expectations, due to decreased sales of devices and Europe’s worsening economy. However, their is prediction of growth of double-digit profit during… Read more
Google Inc Remains Under Pressure Despite Higher Earnings
Google Inc (NASDAQ:GOOG) announced its financial results for the fourth quarter and reported the increase of 6 percent in its net profit. The company reported the net profit of $2.71… Read more
Charles Schwab Reports Increase of 37 percent in its Quarterly Earnings
The Charles Schwab Corporation (NYSE:SCHW) recently announced its fourth quarter’s financial results and triggered buying frenzy for its stocks. The company reported the increase of 37 percent in it net… Read more
Technology Results Show IT Services Are Still In Demand
Excellent results from technology giants, Microsoft Corp, Intel Corp and IBM point to the fact that those who make decisions have come out of shyness regarding economic expansion and are… Read more
US Bancorp Beats Analysts Expectations for Fourth Quarter’s Earnings
U.S. Bancorp (NYSE:USB) announced its financial results for the fourth quarter, according to which the company’s profit surged 39 percent for the fourth quarter. The bank reported the net income… Read more
Exxon Mobil Corporation Review Of Earnings Report
A quick overview of Exxon Mobil Corporation and it’s reported earnings for the third quarter of 2011. Tuesday’s close $85.69 52-week low $67.03 52-week high $88.23 Dividend (yield) $1.88 (2.17%)… Read more
RIMM Falls After the Rumors on Possible Buyout Fade
Research In Motion Limited (NASDAQ:RIMM) remained the focus of investors on Tuesday as rumors of a possible buyout by Samsung Electronics Co floated in the market. However on Wednesday the… Read more
BHP Billiton Increases its Iron Ore Production
BHP Billiton Limited (NYSE:BHP) announced an increase in its quarterly production of iron ore by 22 percent as compared to last year. The company disclosed that with the increase its… Read more
Stocks Increase Despite Citigroup Profit Drop
U.S. stock prices increased yesterday, however gains were trimmed because of Citigroup Inc’s steep reduction in profit. Investors were very much disappointed over Citigroup Inc’s results. Citigroup Inc’s stock price… Read more
Lennar Posts 4Q Results With Revenue Increase
Lennar announced fourth quarter results on January 11. The Company reported revenue increase of 10.8% as compared to last year. The result exceeded market expectations. The average price for each… Read more
Buyers Line Up For Bankrupt American Airlines
The parent of American Airlines, AMR Corp., apparently has a number of suitors interested in its bankruptcy proceedings. Among the potential buyers are US Airways Group (NYSE: LCC), Delta Airlines… Read more
