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Investors hoping brand-new CEO Larry Page would pull a rabbit out of his hat were disappointed Thursday, when Google reported a quarterly profit that rose from year-ago results but missed Wall Street’s forecasts.
Shares of Google (GOOG, Fortune 500) dropped 5% after hours.
Google is still making gobs of money. The world’s online search leader […]
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Amazon.com wants to be more than a destination for shopping online _ it also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer.
The online retailer launched two new offerings late Monday: Amazon Cloud Drive and Amazon Cloud Player. The first lets you […]
Medco Health Solutions Inc., the country’s largest pharmacy benefits manager, said Tuesday its fourth-quarter profit rose 11 percent, reflecting record volumes in mail-order prescriptions.
The Franklin Lakes, N.J., company also reaffirmed its 2011 guidance.
For the October-December quarter, the company reported net income of $378.5 million, or 88 cents per share, compared with $341.5 million, or 70 […]
Sanofi-Aventis said Wednesday that hefty new restructuring costs caused its net profit to slump 64 percent in the fourth quarter, amid continued uncertainty over the fate of its nearly $20 billion bid for U.S. biotechnology firm Genzyme Corp.
The French pharmaceutical giant said in a statement that its net profit shrank to euro437 million ($596 million) […]
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Google plans to hire more than 6,200 workers this year in the biggest expansion yet by the Internet’s most profitable company.
While President Barack Obama is expected to encourage more hiring by businesses during his State of the Union address Tuesday night, it is not yet clear how investors will react.
Google Inc. work force grew by […]
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The number of Americans filing for initial unemployment benefits tumbled last week, the government reported Thursday, resuming a downward trend that could signal an improved job picture.
There were 404,000 initial jobless claims filed in the week ended Jan. 15, the Labor Department said.
That was down 37,000 from the 441,000 claims filed the week […]
Asian shares fell in early trading Friday, dragged again by concerns that China might take steps to cool its economic growth.
Japan’s Nikkei 225 stock average lost 0.9 percent to 10,344.43, and South Korea’s Kospi shed 1 percent to 2,086.34.
Australia’s S&P/ASX 200 declined 0.8 percent to 4,747.30. Resource-related companies, which rely heavily on Chinese demand, fell […]
Treasury prices lost some steam Monday, snapping what would have been a strong three-day upward trend, as most bonds ended slightly higher or stayed flat.
"We haven’t had a three-day streak all month," said Bill Larkin, portfolio manager at Cabot Money Management. "The market is getting ahead of itself, and North Korea was a tailwind […]
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