Investors are paying close attention to this reporting season which will give insights into how profitability is holding up following the tax hike.» Read More
July 29- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd.. Apple is also reportedly planning to switch from using Gorilla glass to GT Advanced Technologies' Sapphire glass for its next iPhone.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
Hong Kong's Hang Seng inched up 0.2 percent to 24,483.85 while China's benchmark Shanghai Composite gained 0.1 percent to 2,180.52. Markets in India, Indonesia and Malaysia were closed for holidays. Asian tech heavyweights Samsung Electronics Co. and Sony Corp. will release their quarterly financial results on Thursday.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
2. "Hercules," MGM/ Paramount, $29,800,263, 3,595 locations, $8,289 average, $29,800,263, 1 week. 6. "Sex Tape," Sony, $6,052,050, 3,062 locations, $1,977 average, $26,953,582, 2 weeks. 7. "Transformers: Age of Extinction," Paramount, $4,702,553, 2,476 locations, $1,899 average, $236,455,028, 5 weeks.
TOKYO, July 29- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
LOS ANGELES— Luc Besson's "Lucy" proved mind can overpower muscle, topping a remake of "Hercules" by director Brett Ratner at the box office on the weekend. The Universal Pictures- released movie starring Scarlett Johansson as an accidental psychokinetic took in $44 million in North American movie theaters over the weekend, according to studio estimates Sunday.
BEIJING, July 25- China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said on Friday. Joanna Li, Microsoft's China spokeswoman, said the console would be offered exclusively to China Telecom's 30 million broadband customers.
BEIJING, July 25- China Telecom Corp Ltd will start selling Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said in a statement on Friday.
*Index heavy Fanuc contributes 27 points, or more than a quarter of Nikkei gains. TOKYO, July 25- Japan's Nikkei share average rose on Friday after the S&P 500 set another record closing high and as index heavyweight Fanuc Corp jumped after reporting strong profits.
TOKYO— World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.
NEW YORK— Many of the Amazon Fire phone's features are twists on apps and concepts tried in other devices. But in a number of cases, Amazon's technology is more comprehensive and reliable, showing that innovation is often about rethinking old ideas. On iPhones and Android devices, each icon takes you to a different app.
*Ukraine tension eases but Gaza worries keep investors risk averse- analysts. TOKYO, July 23- Japan's Nikkei share average was flat on Wednesday morning as investors avoided risk due to geopolitical concerns in the Gaza Strip, which offset upbeat sentiment from gains in U.S. and European markets overnight.
In the Gaza Strip, Israeli jets, tanks and artillery continued to pound Gaza as the death toll from a two-week conflict topped 500. Malaysia has reached an agreement with the leader of the separatist group to retrieve the bodies of the victims from last week's downing of a Malaysia Airlines passenger jet as well as the plane's two black boxes, Malaysian Prime Minister Najib Razak said on Tuesday.
1. "Dawn of the Planet of the Apes," 20th Century Fox, $36,254,310, 3,969 locations, $9,134 average, $139,207,154, 2 weeks. 3. "Planes: Fire& Rescue," Disney, $17,509,407, 3,826 locations, $4,576 average, $17,509,407, 1 week. 4. "Sex Tape," Sony, $14,608,152, 3,062 locations, $4,771 average, $14,608,152, 1 week.
*Swatch Group seen posting weak H1 results this week. ZURICH, July 21- Swatch Group chief Nick Hayek has already spent months playing down the likely impact of Apple Inc's long-rumored iWatch launch, but that may not deter further questions on the issue when the Swiss watchmaker delivers results this week.
July 21- CBS Outdoor Americas Inc said Monday it would buy the billboard business from Van Wagner Communications LLC, a privately held company with outdoor advertising in New York's Times Square and on buses on the Las Vegas strip, for $690 million in cash.
July 21- CBS Outdoor Americas Inc said it would buy some outdoor advertising businesses from privately held U.S. billboard company Van Wagner Communications LLC for $690 million in cash. CBS Outdoor, whose customers include Apple Inc, McDonald's Corp and Sony Corp, went public in late March.
Another new big release, Walt Disney Co's animated "Planes: Fire and Rescue," grabbed third place with $18 million, while the comedy "Sex Tape" took in $15 million for the No. 4 spot.
LOS ANGELES/ NEW YORK, July 20- Sci-fi sequel "Dawn of the Planet of the Apes" beat a horror flick, an animated family film and an adult comedy to keep its grip on the U.S. and Canadian box office title for a second straight weekend.