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
A funny thing has been happening to Google lately. Have you noticed? It's going up! And I'm not talking about the one-day pop it got from those surprisingly good earnings. I'm talking about the day to day creep-up, the steady momentum. The parallels to Apple are pretty striking.
Telecommunications, consumer goods, banking and the drinks business have quarterly earnings in common, as a flurry of companies, such as Deutsche Telekom, Unilever, UniCredit and Diageo all reported results Thursday.
A New York state judge said Wednesday a dispute over financing the $20 billion buyout of Clear Channel Communications would go to trial on a breach of contract claim filed against six banks, according to a court filing.
When Rene Obermann took over Deutsche Telekom at the end of 2006 he was tasked with the firm's struggling domestic operations. But his non-domestic challenges have been—and continue to be—plentiful.
Commerzbank had the most disappointing earnings results out of Europe Wednesday, as the German bank's first-quarter net profit fell 54 percent and it announced a 244 million euro ($377.9 million) writedown.
Sprint Nextel and Clearwire are close to announcing a $12 billion joint venture with major cable operators for high speed wireless Internet access for mobile phones and laptops, a source said.
Sprint Nextel is considering spinning off or selling its Nextel unit, The Wall Street Journal reported on Monday, quoting people familiar with the situation.
Deutsche Telekom fell 1.7 percent in Germany Monday following a weekend report that it is interested in buying Sprint Nextel.
BusinessWeek is finally subscribing to the thought process I, and others who follow Apple, put forth months ago: that as Apple opens development for the iPhone, and more enterprises start adopting it as a worthwhile alternative to the BlackBerry from Research in Motion, it stands to reason that more companies may also lean toward the Mac as well.
Nortel Networks posted a bigger first-quarter loss Friday as a series of charges weighed on results, but the telecommunications equipment maker reassured investors that it still expects to meet its full-year targets, which sent its shares higher.
The nation's largest cable provider, Comcast, reported its quarterly earnings in line with expectations. Better than expected gains of subscribers to high-speed Internet and digital phone services reassured Wall Street that Comcast is holding it own in competition with the likes of DirecTV and AT&T.
European shares rose on Wednesday, boosted by better U.S. economic data and a raft of bullish company updates, to register their best monthly performance in 4-1/2 years ahead of a key U.S. rate decision.
Earnings out of Europe were mixed Wednesday as telecom giant Alcatel-Lucent cuts its telecom market forecast and reported a bigger-than-expected first-quarter net loss.
Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Monday.
Verizon Communications reported Monday a higher quarterly profit on stronger-than-expected growth in wireless subscribers, showing resilience in the face of a U.S. economic slowdown.
European shares rallied on Friday to end the week in positive territory, led by technology stocks after Ericsson beat forecasts with its earnings, and as the banking sector stabilized.
Earnings news dominated Friday's European trade with Sweden's Ericsson's shares up more than 12 percent after the company reported better-than-expected results.
Chief executives from Europe discussed earnings, opportunities and challenges their companies face in 2008 with CNBC Europe Friday.
Don't be fooled by the Chinese government's attempt to stabilize the market. There are still a lot of pitfalls - but also some bright spots - in this volatile economy.
Some big companies report tomorrow that will give more clarity on the health of advertising and technology spending, and the health of the European jobs market
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