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Shareholders at Yukos Awarded $50 Billion

An international tribune located in The Hague awarded shareholders of Yukos, the now defunct oil company, nearly $50 billion. The ruling was on claims that the government of Russia illegally seized the oil company from one of the most powerful oligarchs in the country. The holding company that Mikhail Khodorkovsky the founder of Yukos created […]

Apple Tops Tablet Sales, But Losses Some Grip

The grip that Apple has in the tablet market is beginning to loosen, with its iPad giving up ground over the second three months of 2014 to Windows and Android tablets. At the same time, the total shipments of tablets dropped by over 1.5% from those of the first quarter. IDC research said however, they […]

Shares of Facebook Hit All Time High on Earnings

Facebook Inc shares hit their record high Thursday morning following a surge in revenue from mobile advertising helped the No. 1 social network in the world blast by the expectations on Wall Street for its quarterly revenue and profit. The share price was up 7.6% to reach $76.54 during early Thursday drawing on Nasdaq. The […]

Chipotle Sees Stock Soar Following Earnings Report

It might be better to purchase Chipotle stock than its tacos and burritos. Shares of Chipotle surged by over 11% in Tuesday premarket trading just a day after the chain released an impressive quarterly earnings report. Despite an increase in prices, customers still were lining up for more burritos. The burrito maker based in Denver […]

Sales Double but Xbox Still Loses Out to PS4

Microsoft’s created a new SKU for Xbox One at $100 less than its original $499 price, which put it in line with the latest PlayStation 4 by Sony, which had enjoyed a price edge up to that point. The Microsoft strategy paid off as in June sales doubled from those in May. However, only two […]

IBM Profit Helped by Cost Cutting, Revenue Still Soft

International Business Machines failed for a ninth consecutive quarter to increase its revenue, but the tech giant’s bottom line was helped by a recent round of cost cutting. IBM on Thursday posted a net gain during the second quarter of 28%, partly from a charge of restructuring that held down results from the same period […]

Abbott Profit Beats Estimate

Abbott Laboratories Inc on Wednesday reported quarterly earnings that were better than had been expected thanks to improved sales in its line of nutritional products along with profit margins that improved for other segments. Sales of its nutritional products, the biggest lineup of products the company has, which includes infant formula Similac and adult beverages […]

Tech Earnings Front and Center On Wall Street

Some of the largest technology companies in the U.S. will be front and center this week as they report their quarterly earnings, which will give investors the chance to re-evaluate the health of the sector. The technology sector holds the projection for the highest growth in earnings amongst the 10 sectors of the S&P for […]

Yahoo Acquires RayV Startup in Video Streaming

Yahoo acquired RayV an online video streaming business. The goal is to distribute content to even more people particularly through mobile devices. RayV was founded in 2005 and focuses on efficiently distributing video that is HD-quality to an audience that is global while focusing on mobile devices. The terms of the acquisition were not released. […]

Profits Falls at Family Dollar Stores

Family Dollar Stores said on Thursday that it was taking more steps to increase its profits, while reporting earnings for the fiscal third quarter had fallen by 33% due to higher costs offsetting a slight upswing in revenue. In April, the discount retailer said it would shutter nearly 370 of its stores and lower the […]