Profit News
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This week saw Facebook shares tumbled by more around 20 percent. Despite a rise in profits, the social media network's revenue and new user growth were short of investor expectations. However, the future looks strong, according to a leading analyst.
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Palo Alto -
Tesla has reportedly asked suppliers to help the company become profitable, asking for reduced prices for parts in the Model 3 program. Tesla shares are down 6.1 percent Monday.
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Processor manufacturer Qualcomm, the largest producer of the ARM-based chips used in smartphones, has announced a dramatic decline in its profit forecast. The company is being hit hard by an ongoing patent dispute with Apple, one of its largest customers.
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Sony Corp. posted a 33.5 percent jump in profit over the last quarter this week despite struggling to succeed in its smartphone and consumer electronics businesses. The PlayStation 4 led the sales as the console continues to prove popular.
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Apple is making some changes with iOS 9 that could make it harder to display some types of advert and may break existing ones. Google, one of the largest ad providers, isn't happy and has issued guidance to help developers get around the system.
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The Vaio computer brand has announced that it will be returning to the U.S. from October this year, unveiling a powerful high-end tablet as its launch device. The company used to belong to Sony but became independent after being sold off in 2014.
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Sony is continuing to show signs of a strong recovery from financial issues after announcing a year-on-year trebling of profits. The growth has been fuelled primarily by sales of the PlayStation 4 games console.
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Several Silicon Valley technology companies have stepped up to help Samsung win its ongoing patent dispute with Apple. The group has filed a "friend of the court" letter to help argue Samsung's case. Apple claims that it infringed on multiple patents.
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YouTuber PewDiePie made a massive $7.45 million in profit last year, according to a new report. PewDiePie gained such fame for his video game reviews, playthroughs, tutorials and vlogs that he has become the most successful YouTuber ever.
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Phone company BlackBerry has announced that it will be starting off a new wave of layoffs as it progresses into the next stage of its ongoing turnaround strategy. The company's success has fallen dramatically in the face of powerful smartphone rivals.
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The vast majority of websites rely on revenue from adverts displayed on their pages to be able to operate. Yet many consumers install ad blockers that hide them from sight, preventing websites from getting much needed money - and the trend is growing.
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The U.S. Congress must find a way to tax offshore profits stored by some of the world's largest corporations. Currently letting their earnings safely mount up abroad, lawmakers are considering a special "deluxe" tax rate to get money from the companies.
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Apple CEO Tim Cook has said that he plans to give much of his vast fortune away to charity in the near future, joining a list of tech executives including Bill Gates and Mark Zuckerberg who enjoy sharing their wealth with others.
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Rockstar Games have announced that they already "have some ideas" for the next major installment in the massive gaming franchise Grand Theft Auto. It appears as though GTA VI is beginning to enter early development.
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The previous record was $15.9 billion as set by ExxonMobil in the second quarter of 2012. Apple's figure stands at over $2 billion more than this figure.
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Sony has announced that its controversial comedy film about the assassination of North Korean leader Kim Jong-Un has raised over $15 million in revenue from online streaming services since it became available on Christmas Eve.
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Toronto -
Canadian smartphone manufacturer Blackberry has announced a larger-than-expected drop in revenue during the third quarter of 2014.
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Samsung Electronics is reporting another substantial profit loss for the third quarter of the year, developing an increasing trend that has continued for the past four quarters.
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Chipotle Mexican Grill is one of the largest, most popular restaurants around, intending to offer an authentic Mexican experience with open kitchens and attractive design. It's no surprise then that the company is thriving.
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Increasingly factories are moving to use automated welding equipment instead of manual human welders so could this actually significantly increase the productivity and so profit of the factory?
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You’ve spent the last year rehearsing in your garage with your bandmates and perfecting your sound. Now it’s time to get your band out from behind closed doors and into the public’s eye. But how do you go about doing this?
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Vancouver -
MP Don Davies (Vancouver Kingsway) discusses implications of the Canada-China Foreign Investment Promotion and Protection Agreement (FIPPA or FIPA), encourages transparency and consultation with Canadians and First Nations before it’s ratified.
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Air Canada on Thursday said it posted profits in its fourth quarter and full year last year, a reversal of its performance the previous year.
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It was a very good year for organizers of the IIHF World Championships, who made a healthy profit despite protests about skyrocketing ticket prices.
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The technology company Microsoft has recorded its first ever loss in its history, as the firm posted its quarterly accounts.
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The problems within the Eurozone have led to national governments spending less on healthcare. This has impacted upon the profits of the major pharmaceutical companies who have seen a decline in their share prices as a result.
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Washington -
Exxon Mobil CEO Rex Tillerson has labeled an attempt by US Senate Democrats to pass a bill that would repeal tax breaks for oil companies as counterproductive and has charged the undertaking as “misinformed and discriminatory.”
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Houston -
Royal Dutch Shell announced on Thursday its fourth quarter and 2010 annual results and thanks to increased production and rising oil prices, the company’s annual profits for 2010 were $18.6 billion, almost double the 2009 level of $9.8 billion.
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Exxon Mobil made an announcement on Monday, and said that the company's profits in the fourth quarter increased by more than 50 percent.
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Toronto -
Speaking at nextMEDIA in downtown Toronto, Newser.com founder Michael Wolff discusses digital media's impact and what the future holds for organizing the industry and generating profits. This is a liveblog of the nextMEDIA keynote address.
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Novelties at the UN: cash only, please!
Merck & Co. posted a revenue decline as generic competition and currency fluctuations hurt its results.
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