Sun Microsystems posted a net loss on a slight decline in revenue for its fiscal third quarter and announced plans to cut up to 2,500 jobs. The company indicated that it was hit by a slowdown in tech spending in the U.S.
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Exxon Mobil’s earnings rose 17% to $10.89 billion, boosted by surging crude-oil prices. But lower margins, lower production volumes and higher operating costs kept the energy giant from setting a new profit record. (Conference call transcript)
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Exxon Mobil’s earnings rose 17% to $10.89 billion, boosted by surging crude-oil prices. But lower margins, lower production volumes and higher operating costs kept the energy giant from setting a new profit record. (Conference call transcript)
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MetLife said profit dropped 36% in the first quarter on investment losses amid the current credit crunch.
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Xerox is responsible for more than that copier in your office. There’s one place in Silicon Valley where Apple, Google, Yahoo, and any other modern computing or Internet company can trace its roots back to, and that’s
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Thursday was a tough day for the skeptics and this year has been tough so far for the Jacob Internet Fund. The fund was down 9.2% year-to-date heading into today, but still sports a healthy 22.2% return over the past five years.In the accompanying video,
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The optimism evident ahead of the Fed’s announcement resurfaced Thursday in a major way. Many news reports cited “better-than-expected” economic data as the catalyst for the Dow rising nearly 190 points.The headline numbers on consumer spending
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From Silicon Alley Insider, May 1, 2008:Steve Ballmer said there’s nothing new to report about
Microsoft-Yahoo!, but he did use today’s Town Hall conference call with Microsoft (MSFT) employees to
explain the motivation for going after Yahoo!, take some
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