By Todd Haselton |
Best Buy released its first quarter 2013 earnings on Tuesday and noted a net earnings loss of $81 million, representing a loss of $0.24 per share. The big box retailer said international revenue of $1.4 billion declined 9.6 percent over the same quarter last year…
By Jacob Kleinman |
Apple CEO Tim Cook and CFO Peter Oppenheimer both testified in D.C. in front of the U.S. Senate Tuesday, but as of this morning the The New York Times didn’t let up in its assault on the company’s corporate tax practices. The news outlet recently reported that Congress has exposed a global web…
By Ron Duwell |
Philanthropist and former Microsoft CEO Bill Gates is once again the richest person on the face of the Earth. Despite leaving his former position, Gates still owns a large share in the company, and a five-year high in Microsoft’s stock pushed his fortune to an…
By Sean P. Aune |
The United States Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, and it will now move on to the House of Representatives where it is expected to meet more resistance. Sales tax on goods sold over the Internet is…
By Brandon Russell |
LinkedIn on Thursday revealed first-quarter figures, beating street estimates with revenue of $324.7 and 45 cents per share. Even with better than expected results, the 225 million member strong network’s shares fell roughly 11 percent after-hours because of weak forward-looking guidance. Wall Street estimates expected…
By Roy Choi |
Apple announced last week it could begin a $100 billion capital return program for shareholders through increased dividends and stock buybacks. Monday, the company has filed paperwork with the SEC and looks to be working with investment firms for its debt offering. Interestingly though, Apple will…
By Adriana Lee |
One of the perks of shopping online is the ability to get your goods tax-free at times. But that may be coming to an end soon. The U.S. Senate has agreed to move forward with a bill that would empower states to impose sales taxes…
By Adriana Lee |
I think this is one technology I could do without. Bank of America recently announced it was rolling out video ATMs — automated teller machines enabled to offer video chat with a live representative — starting with Boston and Atlanta, and eventually other markets. On paper, it’s…
By Adriana Lee |
Bitcoins are up! Bitcoins are down. There’s a bubble! The bubble’s bursting. No matter how you slice it, bitcoins have become something like media darlings lately, with numerous headlines fixed on it — from finance types trying to zero in on how seriously to take…
By Adriana Lee |
Bitcoin mania has rocked the finance world. Once the esoteric territory of techheads and shady dealers only, the digital currency has exploded onto the investment scene. This is partly due to quakes in real-world international finance, like Cyprus’ financial collapse sending citizens rushing to the…
By Sean P. Aune |
The HMV chain of music retail stores in the United Kingdom has been purchased, pulling it out of administration status. HMV filed for administrative protection – the U.K. equivalent of bankruptcy – this past Jan. while it went in a search of a buyer. Despite having closed…
By Adriana Lee |
So what are Bitcoins? If you’re like most people, you’ve probably bought something online. And chances are, you used PayPal, a credit card or some other means (like maybe a gift card or house credit). What most people don’t do is pay for the transaction…
By Sean P. Aune |
Richard Schulze, the founder of Best Buy, has ended his attempt to buyout the company and is returning to the company’s board of directors. The company announced on Monday that Schulze will be returning to the board of directors as “Chairman Emeritus,” and he has also…
By Sean P. Aune |
It appears that Apple is looking to improve its Maps product with its latest acquisition, WiFiSlam. Over the weekend The Wall Street Journal confirmed that Apple had acquired the two-year-old startup WiFiSlam for $20 million. The startup developed a method by which phones can detect…
By Sean P. Aune |
Blockbuster Video in the U.K. has been saved from bankruptcy thanks to acquisition by Gordon Brothers. It was announced in Jan. that the U.K. version of Blockbuster Video had filed for administration, the country’s version of chapter 11 bankruptcy. The day to day operations of…
By Todd Haselton |
Apple’s stock took a crushing last week after it revealed lower than anticipated earnings. Is the company in trouble over the long haul? Is Apple dead without Steve Jobs? No. In fact, the Los Angeles Times just revealed that Apple spent $1 billion in the December…
By Sean P. Aune |
AT&T has released its fourth quarter of 2012 results, and smartphones are ruling the roost. The latest results from AT&T show that the company sold 10.2 million smartphones for the quarter, the most ever sold by any U.S. carrier. This number represented 89 percent of…
By Todd Haselton |
Uh oh. Apple just released its earnings and the company missed several of the Street’s estimates. The company reported $54.5 billion in revenue for the quarter, below estimates of $54.58. That’s not pretty, considering Apple is best known for crushing what Wall Street expects of…
By Sean P. Aune |
The U.K. version of the Blockbuster chain has entered in to administration, the country’s version of Chapter 11 bankruptcy protection. While the U.S. version of the Blockbuster chain has been struggling for some time now, the foreign branches have been somewhat immune as most of…
By Sean P. Aune |
The HMV chain of music and DVD retailers in the U.K. has filed for administrative protection, the British equivalent of Chapter 11 bankruptcy. The first HMV store opened in London in 1921, and as of today the company is going in to what is known…
By Sean P. Aune |
There was some excitement around Dell’s stock today as a circuit breaker was tripped that halted trading when rumors began circulating that the company may exit the stock market. Dell hasn’t had the easiest of roads lately thanks to declining PC sales, but it has…
By Todd Haselton |
Apple’s stock price is currently floating in the $510 range, but analysts aren’t cutting back on estimates for that price to jump up again. Topeka Capital analyst Brian White sent a note to investors on Friday estimating that Apple’s price target will hit $1,111, largely…
By Todd Haselton |
Apple CEO Tim Cook will take home $4.17 million in 2012, a far cry from the $378 million he made last year. Why is there such a big difference in the exec’s compensation? Cook won’t take home stock rewards this year, Bloomberg said. Cook’s final compensation…
By Todd Haselton |
RIM just reported its third quarter 2012 earnings and noted a loss of $0.22 per share, which beat analyst expectations of a $0.35 loss per share. The company also reported $2.7 billion in revenue, down 5% from the second quarter and down an incredible 47%…
