Stock Market

LinkedIn Reports Strong Quarterly Revenue

Business oriented social network LinkedIn Corp. reported stronger than expected number. The company reported loss during second quarter, but the results were better than expectations of market experts.

LinkedIn posted a quarterly loss of $1 million compared to profit of $3.7 million... read more

Zillow to Acquire Trulia in $3.5 billion all stock deal

The two biggest real estate websites in the United States, Zillow and Trulia have agreed to a deal which will have a massive impact on the market. Zillow has agreed to acquire Trulia in an all-stock deal for $3.5 billion. Zillow Inc. CEO Spencer Rascoff started serious talks with Trulia... read more

General Electric Reports 13 Percent Increase in Net Profit; Outlook Bullish

General Electric has registered 13 percent increase in the quarterly net profit as the company registered strong demand in jet engines and recovery in the oil & gas units. The company has announced bullish outlook for the coming quarters.

GE also announced that the private label... read more

Intel hikes revenue forecast as business demand picks up

Chipmaker Intel Corp. on Thursday raised its revenue forecast for the current year, saying it noticed a stronger-than-expected demand for personal computers used by businesses.

Buoyed by an improvement in demand for personal computers, Intel raised its revenue forecast for second quarter... read more

Best Buy hikes dividend by 12%

Electronics retail giant Best Buy Co. on Tuesday has confirmed that its board of directors has increased quarterly cash dividend on common shares by 12 per cent, from $0.17 to $0.19 per share.

The increase will take effect with the quarterly dividend which, if approved, would be payable... read more

There was no conspiracy to hide ignition switch issue: GM CEO

Incompetence and neglect led to General Motors' (GM's) long failure to recall millions of cars over ignition switch defect but there was no conspiracy to conceal the issue, the auto giant's CEO Mary Barra said in an internal probe report.

The report contains findings of the company's... read more

BoA said to be negotiating $12bn settlement over home loans

Bank of America Corp (BoA) is reportedly pursuing negotiations with government authorities to settle ongoing probes over the lender's alleged handling of shoddy mortgages that led to the 2008 financial crisis.

Citing anonymous sources, the Wall Street Journal reported that Bank of America... read more

Valeant’s higher bid for Allergan fails to sway shareholders

Pharmaceuticals giant Valeant International on Wednesday raised its unsolicited bid for Allergan, but even the higher bid fell short of analysts as well as shareholders' expectations.

Valeant yesterday raised its offer for Allergan to around $49.4 billion. The pharmaceuticals giant added... read more

U.S. and European equities ease on ECB hopes

The U. S. and European equities eased on Wednesday after U. S. economic data suggested an increase in strength of the world's biggest economy, while German data triggered expectations of monetary easing by the European Central Bank (ECB).

The Dow Jones industrial average shed 42.32 points... read more

The popular fast-food chain McDonald's has unveiled plans to return $18 billion to $20 billion to shareholders by 2016 through dividends or by buying-back shares.

The figure of $18-$20 billion that the company will return to shareholders during the period of 2014-2016 represents an... read more

Apple’s streaming push means smaller checks for recording artists

Many recording artists are concerned over Apple Inc.'s plan to acquire Beats Electronics as the Cupertino-based tech giant's push further into streaming could decrease their earnings.

Zoe Keating last year earned $38,196 by selling downloads on Apple's iTunes service, and around $34,000... read more


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