Tag Archives: increased
Youku Swings Violently After Earnings Miss
NEW YORK (TheStreet) — Youku Tudou was swinging between gains and losses in after hours trading after the Chinese Internet TV company missed on the bottom line amid some confusion on comparisons to the prior year’s results. Youku reported a first-quarter loss of RMB1.42 (23 cents) per ADS, which was wider than the loss of RMB1.39 expected by analysts, on average, according to Thomson Reuters. Continue reading
Mexico sets shelters as volcano shakes, spews ash
Seismic activity has increased at the Popocatepetl volcano near Mexico City. Continue reading
IRS knew of Tea Party profiling in 2011, report shows
IRS officials knew two years ago that political groups were getting increased scrutiny. Continue reading
Metropolitan Bank & Trust 1Q Net Profit More Than Doubles to PHP11.4 Billion
Metropolitan Bank & Trust Co. (MBT.PH) said Thursday that net profit in the first quarter more than doubled from a year earlier due to improved interest margins, higher treasury income and gains from selling a stake in car assembler Toyota Motors Philippines Corp Continue reading
Groupon Surges on Revenue Beat
NEW YORK (TheStreet) — Groupon shares were surging more than 11.5% to $6.25 in extended-hours trading Wednesday after the company exceeded first-quarter revenue forecasts. “We are encouraged by our results, as our local revenues accelerated and our margins improved over the prior quarter,” said Eric Lefkofsky, Groupon’s co-CEO, in a statement Continue reading
China Inflation Posts Modest Gain As Food Prices Rise
PEKING (dpa-AFX) – Inflation in China increased modestly in April, data from the National Bureau of Statistics revealed Thursday. Though inflation was above expectations, it still remained subdued… Continue reading
Disney’s profit rises on parks, ‘Oz’ movie
By Lisa Richwine LOS ANGELES (Reuters) – Media giant Walt Disney Co reported a 32 percent increase in profit that beat Wall Street expectations, boosted by higher spending and attendance at U.S. Continue reading
US-INDUSTRY Summary
Disney’s profit rises on parks, ‘Oz’ movie LOS ANGELES (Reuters) – Media giant Walt Disney Co reported a 32 percent increase in profit that beat Wall Street expectations, boosted by higher spending and attendance at U.S. theme parks, and the movie box office success of “Oz the Great and Powerful.” Revenue for the company that operates cable networks, theme parks and a movie studio increased 10 percent to $10.6 billion. At the parks division, revenue gained 14 percent and operating income climbed 73 percent as resorts in Florida and California attracted more visitors and guests spent more Continue reading
Kraft’s profit beats Wall Street expectations
NEW YORK (AP) — Kraft Foods reported first-quarter results that beat Wall Street expectations as it increased sales and cut costs following its split from its global snack business. Continue reading
Icahn ups stake in Nuance to 10.72 percent from 9.27 percent: filing
Billionaire investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc from 9. Continue reading
