Company News

  • Apple to return $200bn in cash to investors as iPhone sales boom

    Explosive iPhone sales among the middle class in China and other emerging economies propelled Apple ahead of Wall Street's forecasts for the fifth successive quarter, as it pledged to return another $70bn ...

    Financial Times
  • Apple reveals Q2 beat, ups share buyback

    Apple posted fiscal second-quarter profits and sales Monday that handily beat Wall Street's estimates, while also unveiling a sharp increase in its plans to return capital to shareholders.

    Yahoo Finance
  • Apple Rising: FYQ2 Rev $58B, EPS $2.33 Beat; Ups Capital Returns to $200B

    Apple (AAPL) this afternoon reported fiscal Q2 revenue and earnings per share that easily topped analysts' estimates, and expanded its capital returns program to $200 billion, sending its shares higher in late trading. Said CEO Tim Cook, "We are thrilled by the continued strength of iPhone, Mac…
  • Applied Materials, Tokyo Electron cancel merger plans

    What would have been a giant merger between two semiconductor equipment-making giants was canceled Monday by Applied Materials and Tokyo Electron. The two companies cited U.S. Department of Justice antitrust ...

    San Jose Mercury News
  • Barracuda Networks Slips Despite FYQ4 Beat

    Security technology vendor Barracuda Networks (CUDA) this afternoon reported fiscal Q4 revenue and earnings per share that topped analysts' expectations, though its shares slipped in late trading. Revenue ...
  • Overstock Rising 6%: Q1 Rev Beats, EPS Misses

    Shares of online retailer (OSTK) are down $1.57, or over 6%, at $23.50, after the company this afternoon reported Q1 revenue that topped analysts' expectations but missed on the bottom line. ...
  • Web firms await Supreme Court decision on inaccurate personal info

    The Supreme Court said Monday it will decide whether websites and other firms that collect personal data can be sued for publishing inaccurate information even if the mistakes don't cause any actual harm....

    San Jose Mercury News
  • BP shareholders need protecting from David Cameron

    Call that a national champion? BP is a curious business to receive such a flattering title, via government protection from takeover. Its standout achievements in recent years have been dumping 200m barrels ...

    Financial Times
  • Tullow reverses on mixed legal signals

    An intraday reversal for Tullow Oil left traders out of pocket on Monday. Tullow shares opened as much as 9 per cent higher after the International Tribunal for the Law of the Sea rejected a request from ...

    Financial Times
  • America's foremost bankruptcy lawyer dies

    Harvey Miller, the foremost US bankruptcy lawyer, whose cases included Lehman Brothers, General Motors, WorldCom and Continental Airlines, has died at the age of 82. Miller joined Weil Gotshal & Manges ...

    Financial Times
  • Five Stock Picks From Hedge Fund Sophrosyne Capital

    Sophrosyne Capital is a multi strategy hedge fund founded in 2005. The firm has about $200 million in assets under management and is based in New York, NY. Sophrosyne is the name of a goddess of self-control, temperance, restraint, and moderation in Greek mythology. She was one of the goddesses…

    Insider Monkey
  • Maritime Data Startup Windward Raises $10.8M To Track The Oceans

    Windward, which provides maritime data and analytics, has raised $10.8 million in funding led by Horizons Ventures, with participation from returning investor Aleph.This brings the company’s total raised so far to $15.8 million.The startup’s products currently include MARINT, which tracks vessel…

  • BHP Billiton faces A$522m Australian tax dispute

    BHP Billiton has revealed a A$522m (US$410m) dispute with tax authorities in Australia after the miner faced scrutiny from lawmakers in the country over whether a marketing hub in Singapore helps it to ...

    Financial Times
  • Safeway set to go public once again: Sources

    AB Acquisition, the holding company that operates Safeway, is planning an IPO for later this year, sources with knowledge of the matter told CNBC.

  • ESPN sues Verizon over customizable FiOS TV plan

    We knew ESPN wasn't happy with Verizon's recently announced flexible TV plans, and now it is ready to take legal action on the matter. According to CNBC, The Worldwide Leader in Sports is suing Verizon ...

  • ESPN sues Verizon for custom FiOS TV plans

    We knew ESPN wasn't happy with Verizon's recently announced flexible TV plans, and now it is ready to take legal action on the matter. According to CNBC, The Worldwide Leader in Sports is suing Verizon ...

  • ESPN sues Verizon over new cable plan

    ESPN has sued Verizon for an alleged contract breach over a new cable plan in which consumers choose smaller channel bundles.

  • EE pays £400m dividend to Orange and Deutsche Telekom

    Britain's largest mobile operator EE paid shareholders Orange and Deutsche Telekom more than £400m last quarter ahead of its sale to BT that is expected before the end of its financial year. EE needs to ...

    Financial Times
  • Applied Sinks 7%: Eteris No Longer Eternal; Stifel Disappointed, Needham Relieved

    CEO Gary Dickerson said Applied was disappointed, but "our existing growth strategy is compelling." "We are delivering results and gaining share in the semiconductor and display equipment markets, while making meaningful advances in areas that represent the biggest and best growth opportunities for…