Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
General Electric and Comcast are now expected to announce a deal over GE's NBC Universal unit on Nov. 16, not next week as originally thought, people familiar with the situation told CNBC.
Thursday, 5 Nov 2009 | Source: The Associated Press
Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
Starbucksreported a quarterly profit that outstripped analysts' forecasts, and it provided a bright earnings outlook that helped push its shares higher in extended trading.
Video game publisher Activision Blizzard reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest "Guitar Hero" offering, and its shares rose 1.5 percent in after-hours trading.
CiscoSystems' first-quarter earnings results signaled the beginning of an economic turnaround—especifically in the US, where business was flat after three straight quarters of decline, CEO John Chambers told CNBC Thursday.
Thursday, 5 Nov 2009 | Source: The Associated Press
Shares of Hyatt Hotels traded higher Thursday in the iconic hotel chain's first day on the New York Stock Exchange, with investors dismissing concerns about infighting among its founder's heirs and tepid hotel reservations around the world.
Toyota Motor reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
Japan's benchmark stock index the Nikkei Average fell below the 10,000-level for the first time in three weeks last week, and has since had little success maintaining its upward momentum... Read More
Its tempting to suggest that the 'V'-pattern recovery seen on the Microsoft chart reflects the behaviour of the unpopular Vista operating system and the announcement of its replacement with the newly released Windows 7... Read More
The Australian dollar has hit a 14-month high against the U.S dollar, prompting investors to speculate once again, if the currency will reach parity with the greenback... Read More