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San Jose’s eBay Posts Higher 1Q Net Income And Revenue
SAN JOSE (CBS / AP) — EBay’s first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street’s...
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SF-Based Zynga Reports 1Q Net Loss, Higher Revenue
SAN FRANCISCO (CBS/AP) - Online games company Zynga reported a net loss in the first quarter because of stock-compensation expenses, but adjusted earnings were better than Wall Street expected. Zynga...
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Chevron 1st Quarter Profits Rise To $6.47 Billion
SAN RAMON (CBS/AP) — Chevron Corp. said Friday that profits rose 4.2 percent in the first quarter as it sold oil for higher prices. The San Ramon energy giant reported net income of $6.47 billion, or...
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Cisco Sober Forecast Overshadows Quarterly Profit Surge
SAN JOSE (CBS/AP) - Cisco raised the specter of a sharp slowdown in technology spending late Wednesday, rattling investors already fretting about the economy’s fragile condition. The red flag raised by...
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Oracle’s 4th Quarter Earnings Rise 8 Pct, Top Analyst Views
REDWOOD CITY (CBS / AP) — Oracle’s latest quarterly earnings climbed 8 percent, beating analysts’ expectations. The business software maker surprised investors by releasing the results Monday. The...
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Wells Fargo Earnings Up For 2nd Quarter
SAN FRANCISCO (CBS SF) — Wells Fargo has reported higher earnings for the second quarter thanks to a pickup in lending and a decline in the amount of bad loans. The San Francisco-based bank’s net...
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Yahoo 2nd Quarter Earnings, Revenue Flat
SAN FRANCISCO (CBS/AP) — Yahoo turned in another lackluster performance in the second quarter. The results announced Tuesday underscore the challenges facing Yahoo’s newly hired CEO Marissa Mayer as...
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Intel 2Q Earnings Fall Amid Economic Headwinds
SANTA CLARA (CBS SF) – Intel, the world’s largest chipmaker, says the weak global economy is slowing its growth, and revenue for the current quarter is likely to come in below Wall Street expectations....
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Apple’s Phantom Taxes Hide Billions In Profit
CUPERTINO (CBS/AP) – On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won’t reflect its...
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Facebook Stock Sinks To New Low, Who Should Buy It?
MENLO PARK (CBS/AP) – Investors are dumping Facebook’s stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months. Are they right? Only...
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Cisco’s 4Q Earnings Rise 56 Percent, Raises Dividend
SAN JOSE (CBS/AP) – Cisco’s earnings jumped 56 percent in the latest quarter compared with last year, when it was in the throes of a restructuring program. The results beat expectations, and the San...
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Hewlett-Packard Reports $8.9 Billion Loss; Biggest In Company History
PALO ALTO (CBS/AP) — Hewlett-Packard says it suffered an $8.9 billion loss during its most recent quarter as the technology company accounted for an acquisition that hasn’t panned out the way...
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Intel Cuts 3rd Quarter Revenue Outlook
SANTA CLARA (CBS/AP) — Intel is cutting its third-quarter revenue forecast due to softer-than-expected demand amid difficult economic conditions. Its shares fell more than three percent to $24.27 in...
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Hewlett-Packard Stock Dives After CEO Warns Of Earnings Slump
PALO ALTO (CBS/AP) – Coming off the biggest quarterly loss in Hewlett-Packard’s history, CEO Meg Whitman braced investors for even more trouble ahead as she methodically tries to fix a wide range of...
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Wells Fargo Posts Record 3Q Earnings, Revenue Disappoints
SAN FRANCISCO (CBS/AP) – Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees. Wells, the nation’s biggest mortgage lender, expanded its...
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EBay Posts Higher 3rd Quarter Earnings, Revenue
SAN JOSE (CBS/AP) – EBay said Tuesday that its third-quarter net income grew 22 percent, helped by higher revenue at its PayPal payments service and the marketplaces business that includes eBay.com....
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Sunnyvale’s AMD To Cut Nearly 1,800 Jobs
SUNNYVALE (CBS/AP) – Chipmaker Advanced Micro Devices Inc. has said it will cut nearly 1,800 jobs, about 15 percent of its workforce, by the end of the year in order to reduce spending in the face of...
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Google Stock Plunges After Earnings Report Released Early By Mistake; Trading...
MOUNTAIN VIEW (CBS/AP) – As far as unpleasant surprises go, Google hit Wall Street with a double whammy Thursday. The Internet search leader that prides itself of organizing the world’s information...
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Yahoo’s 3Q Earnings, Revenue Top Street’s Forecast
SUNNYVALE (CBS/AP) – Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The results announced Monday show Yahoo’s net revenue barely...
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Facebook Posts 3Q Loss, Revenue Jumps
MENLO PARK (CBS/AP) – Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street’s expectations. The world’s biggest social media...
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