SEOUL, South Korea— Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. Samsung's April-June net income was 5.8 trillion won, down 8 percent from 6.3 trillion won a year earlier. Sales fell 7 percent over a year earlier to 48.5 trillion won while operating...» Read More
Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak.
Stocks ended flat for the day as news of a Chrysler bankruptcy filing quashed the day's gains, but logged solid gains for the month of April.
Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.
Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
Plus, Cramer makes the call on Whirlpool.
It's no secret that talks between Sun Microsystems and IBM have collapsed; and it's no secret, based on my earlier reporting that Sun has re-approached IBM and that IBM has rebuffed the overture. Again. But what's the real reason behind IBM's decision to walk?
It's not often the CEO's comments can overshadow an entire earnings report, but that's what might be happening with Intel and the company's first quarter report.
This was going to be a dicey quarter no matter how you slice it for Intel, with analysts anticipating a paltry 2 cents a share in earnings and the very real possibility that the company could report its first loss in something like 87 quarters.
From the "Obama effect" to a rebound in consumer confidence, Research in Motion is tapping into several trends besides the technology inherent in its products in order to drive its stronger-than-expected earnings performance.
Even the business world's worst executives are making big money. So much for performance-based compensation.
Sheesh, suggest for a moment that Microsoft might have a winning message to deliver and wow does that burn you guys up!
For the first time, Microsoft is aggressively going after Apple in a new advertising campaign that will try to undo the damage it suffered from Apple's "I'm a Mac/I'm a PC" ads, from which Microsoft is still trying to recover.
It was just a couple of months ago that Google confirmed that it would be cutting 100 employee recruiters, its first layoffs, and so symbolic in the wake of the nearly 14,000 workers the company has hired over just the past three years.
It looks like Apple will be updating its iPhone operating system with the company scheduling an event on St. Patrick's Day next week. But the event itself might be more newsworthy than you think, especially given the current climate in Cupertino.
Everyone knows that construction companies are profiting from the stimulus bill, but tech firms are cashing in, too.
Apple's new line of Macs unveiled today signal an incremental "refresh" of the aging line of computers, but was hardly the redesign some Macophiles were hoping for.
Dell will release its fourth quarter earnings after the bell tonight, and despite some draconian cost cuts and a rock-bottom share price, it is an unattractive investment. And will be for the foreseeable future.
Apple will not be streaming the event to its website, a restriction it has historically used. Nor, I'm told, will Apple allow any communication devices into the event so those of us trying to cover it can live blog. No Blackberrys. No iPhones. No laptops of any kind.