May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for smartphones and large-screen TVs. Best Buy said its revenue growth in the United States was driven by sales of mobile phones bundled with billing plans by telecom carriers. Best Buy's revenue from the United...» Read More
Telecom Italia shares slid to a 10-year low on Friday as a grim sales outlook and plans to expand overseas in a much-heralded new strategy stoked fears over its costly debt.
European stocks ended sharply lower Friday, despite a slight rebound after the Federal Reserve announced plans to pour money into credit markets, as fears over the U.S. economy continued to dominate.
European equity markets look set to remain under pressure next week as continuing writedowns from banks are likely to undermine investor confidence. But falling prices will start to support battered stocks, analysts told CNBC.com.
Apple will unveil a comprehensive set of tools for developers to create their own applications for the company's hot-selling iPhone, and then sell them on the iTunes web site.
This is the post of the live blog I did today on the Apple iPhone event at Apple headquarters in Cupertino, California. Please enjoy reading it the first time or again if you were with me earlier today. It reads from my last posting at the top to the very first at the bottom of the page.
When in doubt, delay! That appears to be the strategy at Yahoo, where the company's board has authorized a deadline extension for outsiders to nominate their own slate of directors, which would have been next week. The new deadline will now be 10 days after the company announces the date of its annual shareholder meeting. This clock indeed is ticking...
Strong domestic consumption, booming demand for commodities and a developing infrastructure continue to provide the catalysts for solid returns on investment in Russia, even after Dmitry Medvedev swept to power as the country’s new president, analysts told CNBC.com.
Investors lined up 2 hours before the Apple shareholder meeting began here in Cupertino, California. It's a little unusual for them to be here so early, and I thought it might be related to the company's 40 percent plunge since the beginning of the year.
Today's disaster du jour comes from Intel, the world's largest chipmaker, reducing gross margin expectations for the first quarter by a couple of percentage points. The company now expects gross margins of about 54 percent, compared to its original forecast of 56 percent.
European stocks closed firmly lower Tuesday, with banking the technology stocks suffering heavy selling after Intel lowered its gross margin forecast for the current quarter.
Cramer makes the call on viewers' favorite stocks.
When it comes to Apple and the company's sagging stock price--and increasingly frustrated shareholders--it seems to me a solution is getting clearer by the day. Stock buyback.
As you might expect, my earlier post calling on Steve Jobs to announce a shareholder buyback at tomorrow's Apple spacer annual shareholder meeting, generated quite a bit of reader reaction. As we prepare to cover the meeting, I'm curious how many of you plan to attend...
Or at least it will be soon. That's why overseas telcos like Turkcell are practically printing money.
The New Zealand government on Friday turned down an amended separation plan proposed by Telecom Corp, saying the company would have to do more to implement rulings to boost competition.
Russia has all the growth the U.S. industry wished it had.
Deutsche Telekom confirmed its 2008 outlook on Thursday after restructuring costs caused a slight drop in 2007 core earnings and its CEO told CNBC Europe he was optimistic that the company will withstand a slowdown in the U.S.
Sprint Nextel posted a $29.45 billion quarterly loss Thursday due to a huge impairment charge and forecast that subscriber losses will deepen in the first quarter, pushing its shares down 10 percent.
Has the long, national nightmare for Apple investors finally come to an end? After reading comments from Apple chief operating officer Tim Cook addressing the crowd at the Goldman Sachs tech conference in Las Vegas yesterday, it appears so. And not a moment too soon for the Mac faithful.
European earnings failed to drive broader European markets higher, as disappointing numbers from bigger names and cautious guidance mostly pushed shares in reporting companies lower.
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