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American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.
in Computer Security
via Yahoo! Singapore @ 23:22 8th Aug
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American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.
in Computer Security
via MSNBC @ 15:31 8th Aug
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With increased demand for smaller pickup trucks in the era of high gas prices, just how safe are some of these trucks?
in Computer Security
via CNBC @ 23:03 7th Aug
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American International Group (AIG) posts $0.51 second quarter adjusted loss per share, vs. $1.77 adjusted EPS a year ago. Net loss was $2.06, vs. $1.64 EPS, reflecting $11.6 billion in investment losses/write-downs largely tied to AIG's outsized mortgage exposure. AIG said the continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on its second quarter 2008 results. S&P maintains hold.
in Computer Security
via Business Week @ 17:11 7th Aug
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Freddie Mac (FRE) posts $1.63 second quarter loss, vs. $0.96 EPS a year ago, on 28% revenue drop. It notes other non-interest loss vs. gain last year and sharply higher credit-related expenses. Reaffirms its commitment to raise capital; expects to reduce dividend in third quarter from $0.25 to $0.05 or less per share, and pay full dividends at contractual rates on its preferred stock. S&P maintains sell.
in Online Auctions
via Yahoo! Singapore @ 20:07 7th Aug
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Freddie Mac (FRE) posts $1.63 second quarter loss, vs. $0.96 EPS a year ago, on 28% revenue drop. It notes other non-interest loss vs. gain last year and sharply higher credit-related expenses. Reaffirms its commitment to raise capital; expects to reduce dividend in third quarter from $0.25 to $0.05 or less per share, and pay full dividends at contractual rates on its preferred stock. S&P maintains sell.
in Online Auctions
via Business Week @ 17:44 6th Aug
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Addicted to your cell phone games? You’re not alone. Take a look at the 10 best-selling ones downloaded to mobile devices during the first quarter of 2008.
in Gadgets
via CNBC @ 22:44 29th Jul
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NEW YORK (AP) -- Shares of ArvinMeritor Inc. surged Tuesday after the auto parts supplier reported a fiscal third-quarter profit that beat Wall Street estimates and reiterated its fiscal-year profit guidance.
in Gadgets
via Business Week @ 22:44 29th Jul
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NEW YORK (AP) -- Shares of ArvinMeritor Inc. surged Tuesday after the auto parts supplier reported a fiscal third-quarter profit that beat Wall Street estimates and reiterated its fiscal-year profit guidance.
in Gadgets
via Yahoo! Canada @ 22:44 29th Jul
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NEW YORK (AP) - Shares of ArvinMeritor Inc. surged Tuesday after the auto parts supplier reported a fiscal third-quarter profit that beat Wall Street estimates and reiterated its fiscal-year profit guidance.
in Gadgets
via Forbes.com @ 22:44 29th Jul
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Merrill Lynch (MER) announces "substantial" sale of U.S. ABS CDOs to affiliate of Lone Star Funds for $6.7 billion. Also agrees to terminate ABS CDO hedges with SCA's XL Capital Assurance, et al. Also, MER announces that it plans to raise $8.5 billion through public offering of common stock. Temasek Holdings agrees to purchase $3.4 billion of common, MER's executive management team will purchase about 750,000 shares. Oppenheimer maintains underperform, but applauds MER's "purging" of assets. S&P upgrades to hold from sell.
in Top Tech
via Business Week @ 0:28 30th Jul
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NEW YORK (AP) — Shares of Google Inc. rose Friday as analysts remained upbeat on the online advertising leader's prospects despite disappointing second-quarter results.
in Search Engines
via Canadian Business Magazine @ 21:06 25th Jul
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NEW YORK (AP) -- Shares of Google Inc. rose Friday as analysts remained upbeat on the online advertising leader's prospects despite disappointing second-quarter results.
in Search Engines
via Business Week @ 21:06 25th Jul
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NEW YORK (AP) -- Shares of Google Inc. rose Friday as analysts remained upbeat on the online advertising leader's prospects despite disappointing second-quarter results.
in Search Engines
via Yahoo! India @ 19:57 25th Jul
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NEW YORK (AP) — Shares of Google Inc. rose Friday as analysts remained upbeat on the online advertising leader's prospects despite disappointing second-quarter results.
in Search Engines
via AP via MSN Money @ 19:57 25th Jul
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NEW YORK (AP) -- Shares of Google Inc. rose Friday as analysts remained upbeat on the online advertising leader's prospects despite disappointing second-quarter results.
in Search Engines
via Yahoo! Canada @ 19:57 25th Jul
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Amazon.com (AMZN) posts $0.37, vs. $0.19 a year ago, second quarter EPS on 41% sales rise. Sees third quarter sales of $4.2-$4.425 billion and operating income of $115-$160 million, or between 6% decline and 31% growth year-over-year. Sees 2008 sales of $19.35-$20.10 billion and operating income of $745-$920 million. S&P reiterates hold.
in E-commerce
via MSNBC @ 21:21 25th Jul
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EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.
in Online Auctions
via Yahoo! Singapore @ 11:15 21st Jul
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EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.
in Online Auctions
via MSNBC @ 11:16 21st Jul
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EBay (EBAY) posts $0.43, vs. $0.34 a year ago, second quarter non-GAAP EPS on 20% revenue rise. Non-GAAP operating margin decreased to 31.9% primarily due to EBAY's faster growing, lower-margin businesses, such as PayPal and Skype. Sees 2008 revenue of $8.8-$9.05 billion, non-GAAP EPS of $1.72-$1.77. For third quarter, sees revenue of $2.1-$2.15 billion, non-GAAP EPS of $0.39-$0.41. Thomas Weisel, Goldman reportedly downgrade.
in Online Auctions
via BusinessWeek via MSN Money @ 10:33 21st Jul
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CHICAGO (AP) -- Shares of Harman International Industries Inc. fell Friday as an analyst said the maker of audio gear and electronic systems would likely be affected by deterioration in the auto industry.
in Gadgets
via Boston Globe @ 19:36 18th Jul
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With consumers feeling the pain at the pump this summer, what states rank among the cheapest for a gallon of regular unleaded on average?
in Gadgets
via CNBC @ 19:38 18th Jul
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CHICAGO (AP) -- Shares of Harman International Industries Inc. fell Friday as an analyst said the maker of audio gear and electronic systems would likely be affected by deterioration in the auto industry.
in Gadgets
via Business Week @ 19:38 18th Jul
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