Microsoft Profits Jumps 48 Per Cent in Fourth Quarter

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Microsoft company reported profit jumps at 48%, as strong sales of Windows 7 pushing quarterly earnings to $4.52-billion.
Windows revenue was up 44% and Office revenue up 15% in the fourth fiscal quarter, fueling $4.5 billion in net revenue.
On the other hand, Microsoft’s attempts to create newer technology trends, such as search and mobile phones, [...]

Apple iPhone raise AT&T Profit Up 26%

Since the new model of Apple iPhone has come on the market, AT&T Inc. reported a 26% increase in second-quarter earnings due to lower costs and fewer defections.
One of the largest telecommunications provider said they now expects a “strong” increase in earnings over last year, compared to its previous forecast of results.

AT&T shares rose 77 [...]

Amazon Second-Quarter Profit Jumps 45%

Amazon Inc. issued a statement on Thursday saying its second-quarter net income jumped 45%, below company’s analyst expectations, and its stock dove in after-hours trading.
For the April-June quarter, the revenues were $207 million, or 45 cents per share, meaning a 45 percent increase from $142 million, or 32 cents per share.
This time, expenses grew 40 [...]

Apple Stock Drops Since iPhone 4’s Antenna Issues

Since the iPhone 4 has been released, Apple’s stock dropped nearly eight percent as of Wednesday morning.
Despite the antenna issues, the new iPhone 4 buyers are said to be keeping their new iPhones without returning them at the same rates they normally do.
Apple is also expected not to recall the devices despite this widely reported [...]

Economy, immigration drive California governor race

REDWOOD CITY, California (Reuters) – California’s dismal economy and fears the nation’s largest population of illegal immigrants are stealing scarce jobs are dominating a suddenly tight race for the Republican nomination for governor.
With a week and a half to go before primary election, billionaire Meg Whitman, the former chief executive of eBay Inc, is betting that her [...]

Four Days on Profit Selling but Gold falls for the First Time

27-05-2010: Gold prices fell for the first time today, after three days of rallying prices. In future trading, from the then price of 1209.70 dollar an ounce, the price of gold fell by 5.60 dollar, 0.5 percent. James Moore termed it “as profit taking emerged” the prices fell.
However, he also stated that the steady influx [...]

Eurozone debt leads to global stock market tumble

The Global stock market on Tuesday witnessed a considerable fall with the eurozone debt fears becoming stronger. The Nasdaq and Dow Jones in the United States of America was down by 2.74% and 2.24%, respectively.
The FTSE dropped to 4,939.6 points and the Asian markets have fallen sharply.
The comments of the IMF, on Monday on Spanish [...]

Britain’s Economy will grow faster than Germany and Japan

UK’s economy seems to be recovering faster as the GDP growth is revised to nearly 0.3% within a span of three months. This gradual but phenomenal economic rise in first three months marks Britain’s economic recovery after having suffered the worst recession ever.
The industrial production has risen by 1.2 % in the first quarter, according [...]

President of the European Central Bank says Euro is not in danger

The euro is the currency  is not in danger remaining  a credible threat has said, today, the President of the European Central Bank (ECB), Jean-Claude Trichet,for the German daily Frankfurter Allgemeine Zeitung.
“It is absolutely clears. Euro is not in danger. The movements on the market are always a combination of investor perceptions and influence of [...]

Drastic measures for poor California

With a budget deficit of 19.1 billion dollars, California must apply drastic measures to reduce public expences.
Directly concerned in this regard are the poor and those with health issues, announced Wednesday.
In trying to cope with the degrading  economy and the state budget crisis in California , Governor Arnold Schwarzenegger announced that “sacrifices imposed are going to be  more [...]