Gold investors can at least count on one factor lending some support to prices this year—a stronger appetite for the metal in India during Diwali.» Read More
May 22- Google Inc is developing a new 7- inch tablet that can capture 3- D images, and plans to produce about 4,000 of these prototypes beginning next month, the Wall Street Journal reported, citing people briefed on the company's plans.
May 23- Coca Cola is expected to launch a new product- "glacéau smartwater"- in Britain, aimed at the country's 1.4 billion pound bottled water market, a decade after its Dasani brand failed in the region, The Times reported on Friday.
May 22- Duke Energy Corp has agreed to find and remove coal ash that a retired North Carolina power plant spilled into the Dan River, which provides drinking water to two towns in nearby Virginia, U.S. environmental regulators said on Thursday.
May 22- Marvell Technology Group Ltd's quarterly gross margin fell as demand for its chips used in third-generation mobile communication outweighed a rise in sales of its more profitable 4 G LTE chips. Marvell shares fell 3 percent in extended trading, despite the company's better-than-expected first-quarter results.
May 22- Digital video recorder maker TiVo Inc said it expected a boost to subscriptions for its set-top boxes from Netflix's deal with U.S. cable operators, after strong growth at European cable partners pushed up its quarterly revenue by 30 percent.
May 22- Teen apparel retailer Aeropostale Inc forecast a bigger-than-expected loss for this quarter as it struggles to keep pace with changing fashion trends. Aeropostale shares fell 18 percent in extended trading at $3.70.
May 22- Digital video recorder maker TiVo Inc reported a 30 percent rise in quarterly revenue, helped by strong growth in subscriptions through European cable company partners such as Virgin Media and Ono.
May 22- Digital video recorder maker TiVo Inc reported a better-than-expected 30 percent rise in quarterly revenue, helped by strong growth in subscriptions through European cable company partners such as Virgin Media and Ono.
May 22- Struggling teen apparel retailer Aeropostale Inc's comparable sales fell 13 percent, hurt by lower mall-traffic and intense competition. Net sales declined about 12 percent to $395.9 million for the first quarter ended May 3. The company's net loss widened to $76.8 million, or 98 cents per share, from $12.2 million, or 16 cents per share, a year earlier.
May 22- GameStop Corp, the world's largest retailer of videogame products, reported a 7 percent rise in quarterly revenue due to continued demand for new game consoles from Sony Corp and Microsoft Corp.. Net profit rose to $68.0 million, or 59 cents per share, in the first quarter ended May 3 from $54.6 million, or 46 cents per share, a year earlier.
May 22- Digital video recorder maker TiVo Inc reported a 30 percent rise in quarterly revenue, helped by strong growth in subscriptions through partners such as Virgin Media and Ono. TiVo reported a net profit of $8.1 million, or 7 cents per share, in the first quarter ended April 30, compared with a loss of $10.3 million, or 9 cents per share, a year earlier.
May 22- Gap Inc reported a 22 percent fall in quarterly profit hurt by weak demand for its Gap and Banana Republic apparel brands. Net income fell to $260 million, or 58 cents per share, for the first-quarter ended May 3 from $333 million, or 71 cents per share, a year earlier. The company had estimated a profit of 56- 57 cents per share when it pre-announced results on May 8.
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.
BOSTON/ NEW YORK, May 22- EBay Inc came under pressure on Thursday over a massive cyber attack as three U.S. states began investigating the e-commerce company's security practices. New York Attorney General Eric Schneiderman requested eBay provide free credit monitoring for everyone affected, according to a person familiar with the matter.
Washington- based market research company Osterman Research expects the global file synchronization and sharing market to double to about $80 billion by 2017. Eighty to 90 percent of this revenue will come from business.
The investigation will focus on eBay's measures for securing personal data, the circumstances that led to the breach, how many users were affected, and the company's response to the breach, said Jaclyn Falkowski, a spokeswoman for Connecticut Attorney General George Jepsen.
May 22- Shares of Chinese e-commerce firm JD.com soared almost 20 percent in their U.S. market debut as investors sought a piece of the country's booming online retail market, auguring well for Alibaba Group Holding Inc's hotly anticipated mega-float later this year.
May 22- The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies elsewhere consider releasing more information about the fluids to address public concerns about the environment.
May 22- Shares of Chinese e-commerce firm JD.com soared almost 20 percent in their market debut as investors sought a piece of China's booming online retail market, auguring well for Alibaba Group's hotly anticipated float later this year.
*Chinese investments in Israel rocket over last 3 years. Overshadowed by its high profile move into Africa, China's role in Israel as been growing fast, despite concern among Israelis that strategic assets may slip from their grasp.