Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.» Read More
Dow Jones' institutional revenue fell by $11 million in the three months ended Sept. 30, according to the fiscal first quarter results of parent News Corp, which did not provide the total figure. Figures for the December quarter have not been disclosed ahead of News Corp's results report on Thursday.
Jan 30- Viacom Inc said on Thursday it expects advertising revenue from its cable networks like MTV, Comedy Central and Nickelodeon to improve this quarter, sending shares up 2.4 percent. Viacom is the first of the big media conglomerates to shed light on the U.S. advertising environment this year.
NEW YORK, Jan 27- Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, according to four people familiar with the matter. San Francisco- based private equity firm Genstar has asked Evercore Partners Inc to run an auction.
Jan 24- Shares in State Street Corp fell on Friday after the world's second-largest standalone custody bank reported operating results below expectations and said it could face rising regulatory costs.
Shares of the company, whose processors are used in Microsoft Corp's and Sony Corp's latest game consoles, were down about 11 percent after the bell. AMD has long competed against larger rival Intel Corp to supply chips for PCs, but as consumers buy fewer laptops and desktops, the company is looking at gaming consoles to drive revenue growth.
SAN FRANCISCO, Jan 16- Intel Corp's earnings missed expectations by a penny in the fourth quarter due to weak spending on servers, and the chipmaker gave a lukewarm forecast for first-quarter revenue that did little to dispel concerns about a slowing PC industry.
LOS ANGELES, Jan 15- Shares of video streaming service Netflix Inc fell more than 1 percent on Wednesday, a day after a U.S. court decision that could let broadband providers charge companies for faster access to content delivered over the Internet. The decision appeared to pressure Netflix stock, Standard& Poor's equity analyst Tuna Amobi said.
NEW YORK, Jan 13- The U.S. dollar dropped to its lowest level in four weeks against the yen and Treasuries prices rose on Monday, extending Friday's rally as investors reduced bullish expectations for economic growth after the weak December jobs report. The dollar hit a six-week trough against the yen, falling to 102.97, its lowest level since Dec. 18.
NEW YORK, Jan 13- A measure of world stock markets reversed early gains to trade slightly lower on Monday, weighed by a decline in U.S. stocks, while the dollar and bond yields fell as last week's surprisingly weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
*Merck up after FDA review, strategic options plans. "People are sitting on their hands, waiting for major results to figure out how strong this season may be," said Douglas DePietro, managing director at Evercore Partners in New York. DePietro was looking forward to results from JPMorgan Chase& Co and Wells Fargo& Co, both slated to report on Tuesday.
*Merck up after FDA review, strategic options plans. *Suntory Holdings to acquire Beam for $83.50 per share. "People are sitting on their hands, waiting for major results to figure out how strong this season may be," said Douglas DePietro, managing director at Evercore Partners in New York.
SEATTLE/ NEW YORK, Jan 8- Speculation over Microsoft Corp's succession plans refocused on internal choices on Wednesday, a day after the leading outside candidate, Ford Motor Co CEO Alan Mulally, took himself off the list of potential CEOs at the world's largest software maker.
Jan 7- Forest Laboratories Inc is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings Inc from private equity firm TPG Capital LP for about $3 billion, a person familiar with the matter said on Tuesday.
Dec 26- Specialty drugmaker Aptalis Holdings Inc, owned by private equity firm TPG Capital LP, filed with U.S. regulators to raise up to $500 million in an initial public offering of its common stock. Goldman Sachs, J.P. Morgan, Barclays and Evercore are underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus.
BlackBerry said it hoped to expand the fledgling relationship to its top-of-the-line smartphones. The deal is unconventional in that BlackBerry will no longer pay upfront for components used in the devices made on its behalf in Foxconn's Indonesian and Mexican factories.
BlackBerry said it has entered a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture handsets, starting with a low-end device built for Indonesia and other emerging markets. The deal means that BlackBerry will no longer pay upfront for components for devices produced by Foxconn on its behalf.
SAN FRANCISCO, Dec 10- Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.
Nov 27- Hewlett-Packard Co shares soared near their 52- week high on Wednesday after investors saw signs a turnaround plan was gaining traction, but Wall Street worried the improvement was coming at the expense of margins.
Nov 27- Signs that Hewlett-Packard Co's turnaround plan is finally yielding results put the company's stock on track for its biggest one-day jump in a year on Wednesday. Expectations were low for HP's fourth quarter following a disappointing third quarter and after rivals IBM and Cisco Systems Inc reported poor results.
Nov 27- Signs that Hewlett-Packard Co's turnaround plan is finally yielding results prompted at least one brokerage to raise its rating on HP shares and eight others to raise price targets, setting up the stock for a bounce on Wednesday.