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Yahoo sells back shares to Alibaba, bags huge profits

Tue, 23/10/2012 - 13:25 by Akshay Sharma

The company has revealed a spike in profits to the tune of $3 billion!

Motorola Mobility revenue dips in fourth quarter

Fri, 27/01/2012 - 19:00 by Sam Ross

Motorola Mobility registered dip in revenue in the fourth quarter due to the increased competition in Smartphone market.

Sears to shut down more than 100 US stores

Wed, 28/12/2011 - 14:04 by Sam Ross

Sears Holding Co., parent company of Sears and Kmart, has announced the closure of its more than 100 stores in United States next year.

GSV Capital buys 225,000 shares in FaceBook

Tue, 28/06/2011 - 12:56 by Anter Prakash Singh

Woodside, California based GSV Capital has bought 225,000 shares in Facebook at an average price of $29.28 per share.

Frontier Oil seeks voluntary delisting from New York Stock Exchange

Tue, 21/06/2011 - 16:27 by Anter Prakash Singh

The Frontier Oil Corporation announced on Monday that it has given a notice to the New York Stock Exchange informing about its intention to voluntarily delist from the common stock of the exchange till the closure of the merger of the company with Holly Corporation, the fourth largest refiner in the U.S.

Frontier, which was established as Wainoco Oil in 1949, has grown into a refining and marketing comp

RIM slashes profit forecast

Fri, 17/06/2011 - 12:00 by Anter Prakash Singh

Research In Motion (RIM), maker of the BlackBerry smart phone predicted that its profits may drop and the company may have to cut jobs.

Fiat buying remaining 6% US stake in Chrysler

Sun, 29/05/2011 - 16:16 by Anter Prakash Singh

Fiat is all set to buy the remaining 6 percent shares of the U.S. government in Chrysler, taking its stake above 50 percent in the Auburn Hills automaker.

US Treasury sells part stake in AIG

Wed, 25/05/2011 - 15:03 by Jamie Anderson

In a key move towards relinquishing its ownership in the American International Group Inc. (AIG), the U.S. Treasury sold 300 million shares in the financial services behemoth and garnered $8.7 billion from the offering.

Rising costs to eat into Gap’s profit

Sun, 22/05/2011 - 16:02 by Jamie Anderson

Shares of Gap, Inc. witnessed the biggest plunge in 10 years after the San Francisco, California based clothing and accessories retailer warned that its full-year profit forecast would fall short by 22 percent.

Apple and Android rise as Nokia and RIM fall

Tue, 08/02/2011 - 16:55 by Yasser Ali

We all saw it coming and now it’s true. Google’s Android, which was once dubbed as a simple experiment and predicted by some to be a failure, is now giving stiff competition to Nokia’s Symbian and RIM’s Blackberry OS.

Playboy to go private again

Tue, 11/01/2011 - 12:45 by Anter Prakash Singh

Hugh Hefner, who launched the legendary Playboy magazine in 1953 and converted it into a public venture in 1971, is going to buy back the Playboy Enterprises. The deal has been unanimously approved by the board of directors of the media company.

Goldman Sachs invests $450mn in Facebook

Tue, 04/01/2011 - 14:26 by Anter Prakash Singh

Goldman Sachs has decided to invest $450 million in the popular networking site Facebook along with Digital Sky Technology, a Russian investment firm, which will be investing $50 million.