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  • Ahead of the Bell: Netflix Wednesday, 24 Oct 2012 | 8:15 AM ET

    NEW YORK-- Shares of Netflix Inc. tumbled more than 16 percent before Wednesday's opening bell, after the company slashed its prediction for how many U.S. video-streaming subscribers it would add this year. As a result, Netflix cut its estimate for full-year U.S. streaming subscriber additions to between 4.7 million and 5.4 million.

  • SAP sales rise, company boosts outlook Wednesday, 24 Oct 2012 | 1:55 AM ET

    FRANKFURT, Germany-- Business software maker SAP AG saw its third quarter profit fall from a year ago because of a large one-time gain booked then, but the company raised its sales outlook for the year and said its business in cloud computing was growing fast.

  • UPDATE 5-Facebook's mobile surprise allays growth fears Wednesday, 24 Oct 2012 | 1:38 AM ET

    SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.

  • SAN FRANCISCO, Oct 23- Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the ``FarmVille'' game creator close its Japanese and British studios as well.

  • SAN FRANCISCO, Oct 23- The University of California must try to obtain and then disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield& Byers and Sequoia Capital, a state judge said in a tentative ruling made public on Tuesday.

  • LOS ANGELES, Oct 23- Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent.

  • Gas gets cheaper, but still isn't cheap Wednesday, 24 Oct 2012 | 12:26 AM ET

    The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7- day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell. Rozell says gas has averaged $3.65 so far this year, 10 cents above the record set in 2011..

  • News Summary: Amgen 3Q profit up as sales rise Tuesday, 23 Oct 2012 | 11:57 PM ET

    THE OUTCOME: Third-quarter profit more than doubles for biotech drugmaker Amgen Inc., mainly because of a $780 million legal charge a year earlier to settle investigations into kickbacks and marketing practices. THE NUMBERS: Net income was $1.11 billion, or $1.41 per share, up from $454 million, or 50 cents a share.

  • *Brands want to stop unauthorized discounting on Amazon. *Amazon's 3rd- party selling platform a high-margin business. SAN FRANCISCO, Oct 23- Amazon.com Inc is grappling with a problem that eBay Inc has struggled with for years: The proliferation of unauthorized third-party sellers that undercut the world's top consumer brands.

  • Barnes & Noble stores where PIN pads were hacked Tuesday, 23 Oct 2012 | 11:16 PM ET
  • Oct 23- A federal appeals court on Tuesday reinstated a $9.2 million securities arbitration ruling against Morgan Keegan& Co stemming from a group of bond funds that became the subject of a civil fraud action by regulators.

  • SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than expected pace that helped reassure investors that the world's No. 1 social network is beginning to figure out how to earn money off smartphone and tablet users.

  • Barnes & Noble says PIN pads in 63 stores hacked Tuesday, 23 Oct 2012 | 10:34 PM ET

    NEW YORK-- Barnes& Noble Inc. said Tuesday that devices used by customers to swipe credit and debit cards have been tampered with in 63 of its stores in nine states. The stores are in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island.

  • SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.

  • UPDATE 1-Facebook mobile gains spur revenue growth Tuesday, 23 Oct 2012 | 8:28 PM ET

    SAN FRANCISCO, Oct 23- Facebook Inc posted a better-than-expected 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of gains in mobile.

  • Hawaiian Airlines 3Q net income jumps 78 percent Tuesday, 23 Oct 2012 | 7:33 PM ET

    HONOLULU-- Hawaiian Airlines on Tuesday said its consolidated adjusted net income jumped 78 percent in the third quarter to $45.5 million as the company continued expanding flights to Asia and the U.S. mainland.

  • Volcker group to say Illinois budget is unsustainable Tuesday, 23 Oct 2012 | 6:51 PM ET

    CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.

  • Gilead's 3Q profit slips on acquisition costs Tuesday, 23 Oct 2012 | 6:47 PM ET

    FOSTER CITY, Calif.-- HIV drug maker Gilead Sciences Inc. said Tuesday that its third-quarter profit slipped on costs related to its purchase of hepatitis C drug developer Pharmasset Inc. But results still topped expectations and the company raised its sales forecast for the full year. The drug is the first approved by the FDA to reduce infection with HIV.

  • Samsung wins preliminary round over Apple patent Tuesday, 23 Oct 2012 | 5:22 PM ET

    WASHINGTON, Oct 23- Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.

  • Netflix slashes its forecast for subscriber gains Tuesday, 23 Oct 2012 | 5:16 PM ET

    LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.