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Microsoft earnings beat Street expectations

REDMOND, Wash. (AP) — Microsoft Corp. posted flat revenue and a decline in net income for the January-March quarter. Revenue gains from its Windows operating system and cloud computing services like Azure were offset by the lack of special upgrade … Continue reading

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Touchscreen chip demand boosts Synaptics results, forecast

(Reuters) – Synaptics Inc reported better-than-expected third-quarter results as demand from mobile phone makers for its touchscreen chips surged, sending its shares up more than 12 percent in after-hours trading. Synaptics, which has gained market share as more and more … Continue reading

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Stocks close mostly higher on earnings; Apple up

NEW YORK (AP) — The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The markets gains were modest, however, as investors turned their eyes back … Continue reading

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Proxy advisers split backing in battle for Sotheby’s board

By Svea Herbst-Bayliss BOSTON (Reuters) – Two prominent proxy advisory firms on Thursday split their recommendations on how investors should vote in a battle between auction house Sotheby’s and activist investor Daniel Loeb. Institutional Shareholder Services backed two of Loeb’s … Continue reading

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Facebook Q1 revenue grows 72 percent on rising mobile ads

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street’s financial targets. Shares of Facebook were up nearly 3 percent … Continue reading

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Apple resets the clock as investors await next big thing

By Edwin Chan SAN FRANCISCO (Reuters) – Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had … Continue reading

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Berkshire’s Buffett says would buy few tech stocks currently: BBG TV

NEW YORK (Reuters) – Berkshire Hathaway Chairman and Chief Executive Warren Buffett said on Wednesday he would buy very few technology stocks at current levels and that the U.S. government should play a part in the housing market. “There’s very … Continue reading

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African Barrick Gold core earnings, revenue fall on lower prices

(Reuters) – Miner African Barrick Gold said revenue and core earnings for the first quarter fell as it realised lower prices for the yellow metal during the period. African Barrick, whose primary producing mines are located in Tanzania, said core … Continue reading

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US stocks edge lower after a six-day rise

NEW YORK (AP) — The stock market slipped Wednesday, after rising for six straight days, as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those announcing disappointed results. A worse-than-expected report on … Continue reading

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Gannett 1Q net profit falls 43 pct

MCLEAN, Va. (AP) — Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny. The media company, which publishes USA … Continue reading

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