Money Matters - Simplified

First Quarter

Japanese economy shrinks post earthquake and nuclear crisis

The Japanese economy has plunged into a recession following the worst ever earthquake which was followed by a tsunami and a nuclear crisis at the Fukushima Daiichi plant, data for the first quarter of this year reveals.

Whirlpool Q1 earnings, sales rise

Whirlpool, world's leading manufacturer and marketer of major home appliances, announced first-quarter net earnings of $169 million, or $2.17 per diluted share, Wednesday.

Bed Bath & Beyond Inc. reports 53% rise in net earnings in Q1

Bed Bath & Beyond Inc. (Nasdaq: BBBY), a company operating chain of domestic merchandise retail stores across United States and Canada, has reported first quarter results.

The net income for the quarter ending May 29, 2010, increased $137.6 million compared to $87.2 million in the same period in the previous fiscal year.

Net sales for the quarter were around $1.923 billion, which is 13.5 percent jump from net sales of approximately $1.694 billion in the first quarter of 2009.

Inditex reports rise in Q1 profit as sales rebound

Benefiting from luxury sales recovery worldwide, Inditex, Europe’s largest clothes retailers, has posted double digit growth for the first quarter ended April 30.

Android sales surpass Apple's iPhone in Q1--report

In a news that is surely going to delight the Android smartphone users, Google’s operating system (OS) has outflanked Apple to gain the second place in the samrtphone market in the first quarter this year, stated the NPD Group, a leading market research company.

SAP reports 97% rise in net profit in Q1

Benefiting from global market recovery and rise in corporate spending on software, SAP AG (NYSE: SAP), a market and technology leader in business management software, reported rise in profit for the first quarter this year.

Sony Ericsson posts Q1 profit after string of losses

After reeling under the effects of recession for more than a year, mobile phone maker Sony Ericsson has finally recovered. Backed by market recovery and new product launches, the company has reported profit for the first quarter this year.

COL FB: Penn State 52, Eastern Ill. 3

University Park, Pa. -- Daryll Clark ran for a touchdown in the first quarter and threw for three more in the second Saturday, sending No. 12 Penn State past Eastern Illinois 52-3.

Clark completed 13-of-19 passes for 234 yards in helping the Nittany Lions improve to 5-1. Eastern Illinois lost its second straight and fell to 4-2.

Clark drove Penn State 80 yards in 10 plays the first time it had the ball and scored on a 1-yard run. He then threw scoring passes of 2 yards to Brett Brackett, 51 yards to Chaz Powell and 25 yards to Derek Moye.