GO
Loading...

Latest Business News Wires - Business Headlines

More

  • April 23- Xilinx Inc, a maker of programmable chips, forecast current-quarter revenue largely below analysts' estimates, sending the company's shares down 6 percent in extended trading. Xilinx said it expected first-quarter revenue to stay flat to rise 4 percent from the fourth quarter.

  • April 23- Videoconferencing equipment maker Polycom Inc reported a better-than-expected quarterly adjusted profit as cost cuts, including workforce reductions, boosted margins. The company posted a first-quarter loss of $4 million, or 3 cents per share, compared with a profit of $2.6 million, or 1 cent per share, a year earlier.

  • Texas Instruments' quarterly revenue rises Wednesday, 23 Apr 2014 | 4:40 PM ET

    April 23- Texas Instruments Inc reported a 3 percent rise in quarterly revenue due to improved demand for its chips used in cars, appliances, computers and industrial products and strong growth in its analog chips business.

  • SAN FRANCISCO, April 23- The city of San Francisco sued two landlords on Wednesday for allegedly evicting tenants to rent out rooms on such websites as Airbnb, opening a new front in a controversy over increasingly popular home-rental services.

  • *AT&T falls after results, but Boeing rallies. *Amgen drags biotech lower, but Gilead gains. NEW YORK, April 23- U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.

  • SAN FRANCISCO, April 23- Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

  • COLUMN-When the best offense is defensive stocks Wednesday, 23 Apr 2014 | 4:30 PM ET

    LONG BEACH, Calif., April 23- You've been on offense with your global stock portfolio for five years, running up the score in sectors like consumer discretionary and technology stocks that have outperformed the broad market. Jamie Doyle, co-manager of the Causeway Global Value Fund, is not ready to make a wholesale switch into defensive plays.

  • ServiceNow 1st-quarter revenue beats estimates Wednesday, 23 Apr 2014 | 4:27 PM ET

    April 23- ServiceNow Inc, which makes software to automate and manage IT services, reported better-than-expected first-quarter revenue, helped by the addition of new customers. The company's net loss narrowed to $43.3 million, or 30 cents per share, in the quarter ended March 31, from $13.4 million, or 10 cents per share, a year earlier.

  • Gates-backed TB drug to enter late-stage testing Wednesday, 23 Apr 2014 | 4:26 PM ET

    In a statement announcing the trial, Microsoft co-founder Bill Gates, co-chair of the Gates Foundation, said the treatment could "reduce the time required to cure drug-resistant TB from two years to just six months" and sharply cut the cost of a cure in low-income countries.

  • UPDATE 1-Qualcomm's 2nd-quarter revenue misses estimates Wednesday, 23 Apr 2014 | 4:26 PM ET

    SAN FRANCISCO, April 23- Qualcomm Inc posted fiscal second-quarter revenue on Wednesday that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower. Qualcomm had second-quarter net income of $1.96 billion, up 5 percent.

  • Angie's List posts smaller quarterly loss Wednesday, 23 Apr 2014 | 4:25 PM ET

    April 23- Angie's List Inc, which operates a website that allows users to review local businesses, reported a smaller quarterly loss as it signed up more paid customers for its services. The company's net loss narrowed to $3.8 million, or 6 cents per share, in the quarter ended March 31 from $7.9 million, or 14 cents per share, a year earlier.

  • U..S consumer bureau to test electronic mortgage closings Wednesday, 23 Apr 2014 | 4:22 PM ET

    WASHINGTON, April 23- Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.

  • April 23 (Reuters)- U.S. retirement savers are increasingly diversifying into international equities, but are still leaving much of what has to be considered a free lunch on the table.

  • SAO PAULO, April 23- Brazil's President Dilma Rousseff praised the United States on Wednesday for its decision to ease control over the Internet and called for a more democratic, transparent network following the U.S. National Security Agency spying scandal.

  • F5 Networks' quarterly revenue rises 20 pct Wednesday, 23 Apr 2014 | 4:13 PM ET

    April 23- Network equipment maker F5 Networks Inc reported a 20 percent rise in quarterly revenue due to higher demand for its software-defined application services and security software. The company's net income rose to $69.6 million, or 91 cents per share, in the second quarter ended March 31 from $63.4 million, or 80 cents per share, a year earlier.

  • April 23- Discount brokerage E* Trade Financial Corp's quarterly profit more than doubled, helped by a drop in provision for loan losses and a surge in trading activity. The company's net income rose to $97 million, or 33 cents per share, in the first quarter ended March 31, from $35 million, or 12 cents per share, a year earlier.

  • Zynga's Pincus withdraws further from operations Wednesday, 23 Apr 2014 | 4:10 PM ET

    SAN FRANCISCO, April 23- Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as Chief Executive Don Mattrick pushes through a restructuring plan.

  • SAN FRANCISCO, April 23- Qualcomm Inc, the leading mobile chipmaker, posted higher fiscal second-quarter revenue but missed analysts' expectations as it faces a smartphone market that is losing steam and shifting to China. The chipmaker on Wednesday reported second-quarter revenue of $6.37 billion, up 4 percent from the year-ago period.

  • NEW YORK, April 23- U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. Based on the latest available data, the Dow Jones industrial average fell 12.72 points or 0.08 percent, to end unofficially at 16,501.65.

  • *Heavy stop-loss orders possible if $1,275 support breached. NEW YORK/ LONDON, April 23- Gold prices edged up on Wednesday, holding above a technical stronghold at $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said.