World stock markets rise modestly as Apple’s 2Q earnings power gains in technology shares

World stocks rise as Apple result aids tech sector
SEOUL, South Korea – World stock markets mostly posted mild gains Wednesday after better-than-expected earnings from Apple boosted technology stocks.
Oil prices, meanwhile, traded below $78 a barrel after a report showed U.S. crude supplies fell less than expected last week, suggesting demand for fuel is …. Original article on Gaea Times at  : World stock markets rise modestly as Apple’s 2Q earnings power gains in technology shares.

1975 Ford Bronco Traded For Porsche?

GLENDORA (GaeaTimes.com)- In what can only be called a dream trade off, a teenager from California has landed a 2000 Porsche Boxster after starting off with an old cellphone given by a friend. 17 year old Steven Ortiz has become a hero on the web after news came out about his incredible feat. After … Original article on : 1975 Ford Bronco Traded For Porsche?.

Asian stock markets modestly as Apple’s quarterly earnings power gains in technology shares

Asia stocks rise as Apple result lifts tech sector
SEOUL, South Korea – Asian stock markets mostly posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple and a rise on Wall Street.
Oil prices, meanwhile, traded below $78 a barrel after a report showed U.S. crude supplies fell less than expected last …. Source article on Gaea Times at  : Asian stock markets modestly as Apple’s quarterly earnings power gains in technology shares.

On the Call: Apple COO Tim Cook speaks to iPad adoption pattern and ongoing shortages

On the Call: Apple COO Tim Cook
Apple Inc. is selling out of its iPad tablet computer and its latest smart phone, the iPhone 4, as fast as it can make the new gadgets, defying ongoing doubts about the economic recovery.
The company said it sold 3.3 million iPads in the gadget’s first quarter on … Original article on : On the Call: Apple COO Tim Cook speaks to iPad adoption pattern and ongoing shortages.

Summary Box: iPhone, iPad sales push Apple’s fiscal 3rd-quarter net income up 78 percent

Summary Box: Apple 3Q net income up 78 percent
THE RESULTS: Apple’s net income rose 78 percent to $3.25 billion, or $3.51 per share, from $1.8 billion, or $2.01 per share a year ago. Revenue for the April-to-June period rose 61 percent from last year to $15.7 billion.
THE DETAILS: Apple sold 8.4 million iPhones, … Original article on : Summary Box: iPhone, iPad sales push Apple’s fiscal 3rd-quarter net income up 78 percent.

Yahoo turnaround effort wavers in 2Q as meager revenue growth eclipses 51 pct earnings gain

Yahoo’s lackluster 2Q revenue growth sinks stock
SAN FRANCISCO – Yahoo Inc.’s turnaround effort wavered in the second quarter as the Internet company’s paltry revenue growth overshadowed a surge in net income.
The results released Tuesday could cause some investors to doubt the strategy of Yahoo’s no-nonsense CEO, Carol Bartz, who was hired 18 months … Original article on : Yahoo turnaround effort wavers in 2Q as meager revenue growth eclipses 51 pct earnings gain.

Summary Box: Wireless broadband network set to launch next year

Summary Box: Wireless broadband network to launch

WHAT’S HAPPENING: A private-equity firm, Harbinger Capital Partners, is setting up a nationwide wireless broadband network. It will start next year in Las Vegas, Phoenix, Denver and Baltimore.
WHAT IT MEANS FOR CONSUMERS: If the new network, known as LightSquared, gets over some regulatory and financial hurdles, it could provide … Original source on Gaea Times at : Summary Box: Wireless broadband network set to launch next year.

Facebook fighting NY man’s lawsuit claims part ownership of social networking site

NY man’s Facebook ownership claim lands in court
BUFFALO, N.Y. – Facebook will try to get a New York man’s claim for majority ownership of the website thrown out of court, attorneys for the social networking site said Tuesday.
A complaint by Paul Ceglia of Wellsville claims that a 7-year-old contract he signed with … Read : Facebook fighting NY man’s lawsuit claims part ownership of social networking site.

Yahoo turnaround effort wavers in 2Q as revenue growth disappoints amid big earnings increase

Yahoo 2Q earnings climb 51 pct, but revenue modest
SAN FRANCISCO – Yahoo Inc.’s turnaround effort wavered in the second quarter as the Internet company’s lackluster revenue growth overshadowed a surge in net income.
The results released Tuesday could cause some investors to doubt the strategy of Yahoo’s no-nonsense CEO, Carol Bartz, who was hired …. Source article  : Yahoo turnaround effort wavers in 2Q as revenue growth disappoints amid big earnings increase.

Apple fiscal 3rd-quarter net income jumps 78 percent, boosted by iPad, iPhone 4 launches

Apple fiscal 3Q net income jumps 78 percent
SEATTLE – Apple Inc. blew past expectations with its latest quarterly report on Tuesday, selling almost as many of its new iPad tablets as it sold Mac computers.
Apple also gave higher revenue guidance than Wall Street was expecting, something the company rarely does. Investors sent shares … Original article on : Apple fiscal 3rd-quarter net income jumps 78 percent, boosted by iPad, iPhone 4 launches.

Yahoo turnaround effort gathers steam in 2Q as online ad rebound lifts earnings, revenue

Yahoo 2Q earnings climb 51 pct, revenue up 2 pct
SAN FRANCISCO – Yahoo Inc.’s turnaround effort picked up a little more steam in the second quarter, but revenue grew at a slower rate than analysts hoped.
The stock fell nearly 5 percent after the release of results Tuesday.
The results still marked Yahoo’s best performance …. Read the original article  : here.

SAP gets OK from European regulators for $5.8 billion Sybase acquisition

SAP gets European OK for Sybase takeover
NEW YORK – German business software maker SAP AG said Tuesday that European regulators have approved its $5.8 billion takeover of U.S. database software maker Sybase Inc.

SAP said clearance from the European Commission was the final regulatory hurdle.
The company has extended the deadline on its tender offer of $65 … Original source on Gaea Times at : SAP gets OK from European regulators for $5.8 billion Sybase acquisition.

China-based pork producer AgFeed agrees to buy US hog producer M2P2 for $16 million

China-based AgFeed to buy US hog producer M2P2

DES MOINES, Iowa – China-based pork and animal feed manufacturer AgFeed Industries Inc. said Tuesday it will buy U.S. hog producer M2P2 LLC for $16 million in cash and stock in a move to further modernize its farming methods and nearly triple its hog production by 2015.
With sow … Original source on Gaea Times at : China-based pork producer AgFeed agrees to buy US hog producer M2P2 for $16 million.

Green Dot and other IPOs expected this week could extend winning streak from Friday

This week’s IPOs could create hot streak
NEW YORK – The IPOs of debit card provider Green Dot, Chinese software services supplier Camelot Information Systems and clean technology company Ameresco, expected this week, could extend Friday’s strong performance into a hot streak.

Shares of RealD and Qlik Technologies both soared more than 20 percent in their market …. Source article on Gaea Times at  : Green Dot and other IPOs expected this week could extend winning streak from Friday.

Stocks head lower as weak revenues from Johnson & Johnson, IBM disappoint

Stocks slump as revenues from IBM, J&J disappoint
NEW YORK – Stocks retreated Tuesday after IBM and Johnson & Johnson reported revenue that was lower than expected and that raised questions about the strength of the economic recovery.
The Dow Jones industrial average fell almost 80 points in midday trading, recovering some of …. Original article on Gaea Times at  : Stocks head lower as weak revenues from Johnson & Johnson, IBM disappoint.

New wireless broadband network to launch next year, competing with Verizon and AT&T

New wireless broadband network to launch next year

NEW YORK – U.S. consumers and businesses are going to get more options in wireless service starting next year, with the launch of a new wireless broadband network that will provide competition to the incumbent phone companies.
Private-equity firm Harbinger Capital Partners on Tuesday revealed details of the launch … Original article on : New wireless broadband network to launch next year, competing with Verizon and AT&T.

Stocks head lower in early trade as revenues from Goldman Sachs and IBM disappoint

Stocks slump on weak revenues from Goldman, IBM
NEW YORK – Stocks are falling after revenues from Goldman Sachs and IBM came in lower than investors expected.
The miss from the leading investment bank early Tuesday was the latest sign of weakness in revenues in this corporate earnings season. Late Monday, IBM reported … Read : Stocks head lower in early trade as revenues from Goldman Sachs and IBM disappoint.

Lee Enterprises posts 3Q profit, reversing losses as ad market improves and costs fall

Lee Enterprises posts 3Q profit as ad drop eases

DAVENPORT, Iowa – Lee Enterprises, publisher of the St. Louis Post-Dispatch and other newspapers, reported a fiscal third-quarter profit Tuesday, thanks to falling expenses and a smaller drop in revenue.
Lee is still suffering through one of the worst advertising slumps the newspaper business has ever seen. Online … Read : Lee Enterprises posts 3Q profit, reversing losses as ad market improves and costs fall.

China’s 3G users hit 25.2 million by end of June: MIIT

NEW DELHI – China’s third-generation (3G) mobile phone service subscribers numbered 25.2 million at the end of June, up 40 percent from the first quarter.

Xinhua quoted Zhang Feng, a senior official with the Ministry of Industry and Information Technology (MIIT), as saying on Tuesday that direct investment … Read : China’s 3G users hit 25.2 million by end of June: MIIT.

Stocks headed for lower open after weaker revenues from Goldman, IBM disappoint

Stocks headed lower as Goldman, IBM revenues slip
NEW YORK – Stocks are headed for a lower opening after revenues from Goldman Sachs and IBM came in lower than investors expected.
The miss from the leading investment bank early Tuesday was the latest sign of weakness in revenues in this corporate earnings season. Late … Read more »»».