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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: revenue

revenue stories: 21 news summaries

1 - 20 of 21 Stories | 1 2 Next >>

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Yahoo Triples Profits After Cost-Cutting

Revenue falls, but downsized company earns $186M

Oct 20, 09 4:11 PM CDT
(AP) - Yahoo’s third-quarter profit more than tripled even though the company's quarterly revenue fell in the double digits for the third consecutive time. The earnings improvement reported today was primarily driven by extensive cost-cutting that has eliminated more than 2,000 jobs in the past year. The company, however, is... More »

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Yahoo • profits • corporate earnings • revenue • downsizing

New York Times to Cut 100 Newsroom Jobs

Newspaper forced to reduce journalistic staff by 8%

Oct 19, 09 4:17 PM CDT
(Newser) - In an effort to continue cutting costs, the New York Times will eliminate 100 jobs from its 1,300-person newsroom. The paper will offer buyouts before instituting layoffs if necessary, executive editor Bill Keller said in an email to his staff. The move comes on the heels of an across-the-board... More »

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New York Times • journalism • buyout • revenue • newsrooms • newsroom cuts

Court Ruling Scuttles Del. Sports Gambling Plans

Grandfather clause doesn't apply to single-game expansion: judges

Aug 24, 09 4:29 PM CDT
(Newser) - A federal court quashed Delaware’s bid to legalize single-game sports betting today, ruling that the gambling expansion violated a 1992 federal law, the News Journal of Wilmington reports. State lawyers had argued Delaware was exempt from the Professional and Amateur Sports Protection Act under a grandfather clause, but a... More »

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sports • gambling • US Appeals court • casino • Delaware • revenue • sports betting


 Funny People Puts 
 Serious Pressure on Sandler 

Box office performance for latest flick a mystery

Jul 31, 09 2:22 PM CDT
(Newser) - Though it’s called Funny People, Adam Sandler’s latest film is a bit more serious than his fans are used to—and its opening-weekend performance is a mystery, Variety reports. Forecasts range from just over $20 million to more like $35 million, Audiences loved director Judd Apatow’... More »

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entertainment • film • comedy • Universal Studios • celebrity • box office • Adam Sandler • James L. Brooks • Judd Apatow • revenue • movies • Funny People

OPINION

Don't Celebrate Yet: Earnings Are Up, but Not Sales

Though first-quarter profit beat expectations, a growth story is absent

May 11, 09 12:05 PM CDT
(Newser) - The fact that 66% of American companies beat their first-quarter earnings expectations is good, writes Henry Blodget in Clusterstock, but not as good as it looks. A closer examination of the data shows that while profits increased, revenues did not, and “you can’t fire your way to prosperity.... More »

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profits • earnings reports • corporate earnings • Henry Blodget • revenue • profit margins • financial crisis • Jay-ZTV

New Orleans Builds on Hollywood-Friendly Rep

Films provide critical revenue to city

Apr 30, 09 11:20 AM CDT
(Newser) - Movie projects like The Curious Case of Benjamin Button have provided valuable revenue to beleaguered New Orleans, and new studio and soundstage developments aim to ensure the city has all the amenities filmmakers need to complete their projects. The city is getting 600,000 feet of soundstages—needed to shoot... More »

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entertainment • Hurricane Katrina • New Orleans • reconstruction • revenue • film studio • movie industry

 JPMorgan Posts 
 Better-Than-Expected 
 $2.1B Profit 

Or
JPMorgan Posts $2.1B Profits,
Beats Expectations

Apr 16, 09 8:27 AM CDT
(AP) - JPMorgan Chase earned $2.14 billion in the first quarter, it said today, thanks to a boost in trading activity and deposits. The profit was 10% lower than last year, but better than expected, boosting hopes for a turnaround. Like other banks, JPMorgan is still seeing loan defaults increase—credit... More »

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profits • revenue • JPMorgan Chase • first quarter earnings

(Newser) - The recording industry and radio-station owners are clashing in Washington over the issue of royalties, Bloomberg reports. Both sides have spent tens of millions on lobbying, and contributed to the campaigns of legislators of both parties. At present, radio stations pay royalties to songwriters and publishers, not artists. “This... More »

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Congress • royalties • RIAA • radio stations • testimony • revenue • recording industry • Billy Corgan • Smashing Pumpkins

'09 Airline Losses Likely Worse Than Post-9/11

Companies to lose $4.7 billion in economic crisis

Mar 24, 09 11:50 AM CDT
(Newser) - World airlines will lose $4.7 billion this year, and revenues will plummet $62 billion—worse than after 9/11, a top industry association said. The grim estimate is almost twice what it was in December and reflects “the rapid deterioration of the global economic conditions,” said the International... More »

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airline industry • profits • global economy • revenue • 9/11 attacks • economic crisis

United Technologies
Will Slash 11,600 Jobs

Tough commercial aerospace market drives cuts

Mar 10, 09 8:28 AM CDT
(AP) - United Technologies Corp, which owns Sikorsky Aircraft and Pratt & Whitney, maker of jet engines, will cut 11,600 jobs and has lowered its 2009 forecast in a crumbling commercial aerospace market. The moves, part of an expanded $750 million restructuring program, are fueled by a decline in anticipated revenue,... More »

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military • layoffs • aircraft • United Technologies • revenue • job cuts • Pratt & Whitney • engine

ANALYSIS

AT&T Layoffs Just the Beginning of Telecom Pain

Reduced consumer spending will result in cycles of layoffs and decreased capital expenditure

Dec 5, 08 1:59 PM CST
(Newser) - AT&T’s elimination of 12,000 jobs is just the beginning of cutbacks that will radiate throughout the telecom industry, BusinessWeek reports. As pinched consumers cut back on communication spending, job and capital-expenditure reductions will only continue. One surprising statistic shows how consumers are downsizing telecom budgets: The fastest-growing... More »

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cell phones • iPhone • telecom • subscription • revenue • AT&T • financial crisis

ANALYSIS

 Crisis Looms for Credit Cards 

Soaring defaults could fell normally resilient industry

Nov 14, 08 3:10 PM CST
(Newser) - Credit cards may be the next industry to be pummeled by the financial crisis, Time reports. The charge-off rate—money that lenders don't think they'll collect—is set to hit 10% in 2009. That's double the rate of the last decade and amounts to $96 billion in unpaid debt. Typically... More »

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credit card • interest rate • credit • credit crisis • revenue • default • savings • financial crisis

 Cowboys NFL's 
 Richest at $1.6B 

Average team worth over $1B

Sep 11, 08 11:37 AM CDT
(Newser) - The NFL is the richest pro sports league in the world, with the average value of each franchise topping $1 billion, reports Bloomberg. The combined value of the league jumped 7% from last year and has more than tripled since Forbes began ranking the teams 10 years ago. The jump... More »

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NFL • Indianapolis Colts • Houston Texans • Dallas Cowboys • New England Patriots • Washington Redskins • Chicago Bears • New York Giants • New York Jets • Philadelphia Eagles • Baltimore Ravens • Forbes • revenue • corporate sponsorship • stadia

Invisible Ink, Hidden Numbers Help Fuzzy Accounting

SEC complaint shows CFO used printouts to fool auditors

Jul 23, 08 5:59 PM CDT
(Newser) - Sometimes high-stakes fraud doesn’t have to be high-tech. The former chief financial officer at a company now called Voyager Learning allegedly cooked the company's books by entering figures as white text on white background—the equivalent of invisible ink, Adam Jones notes in a Financial Times blog. More »

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fraud • earnings reports • SEC • accounting • revenue • Microsoft Excel

 YouTube Trying Longer Videos 

Long-form is attractive to site, still looking for revenue and going after directors

Jun 18, 08 5:56 PM CDT
(Newser) - YouTube is testing some long-format videos for its site, anxious to increase the amount of ads they can display per view, CNN Money reports. The site has only a few videos longer than an hour, but is reaching out to independent directors at the Los Angeles Film festival this week. More »

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Google • Internet • YouTube • online advertising • Los Angeles • ad revenue • revenue

 IBM First Quarter Profits 
 Jump 26% 

US revenue up 6% despite slowdown

Apr 17, 08 4:39 AM CDT
(Newser) - Bellwether IBM posted a 26% spike in profits for the first quarter, proving that some tech companies are escaping the fallout from the economic downturn. The gains include a 6% increase in American revenue to $9.9 billion and are attributed to corporate customers buying products and services designed to... More »

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IBM • revenue • quarterly profits • economy • Mark Loughridge • Intel Corp

Take-Two Promises Solid 2008

Game maker upbeat despite losses; rebuffs EA takeover talks 

Mar 12, 08 8:25 AM CDT
(Newser) - Videogame maker Take-Two Interactive—owner of gamer favorites Grand Theft Auto and Bioshock—said first quarter losses jumped nearly 77% to $38 million while revenue fell some 13% to $240.4 million, reports the New York Times. But the company projected an upbeat 2008 with revenues growing 40% to $1.... More »

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acquisition • EA Sports • revenue • Take-Two Interactive Software • takeover bid • Soleil Hudson Square Research • Grand Theft Auto IV • Bioshock

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

Jan 18, 08 9:17 AM CST
(Newser) - IBM, already weathering the economic storm that’s bedeviled many other major US companies, said sales overseas, especially in Europe and developing nations, would help it overcome trying economic conditions at home in 2008, reports the Wall Street Journal. The computer services giant said it expects annual per share... More »

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IBM • corporate earnings • US economy • revenue

Best Buy
Profit Soars
52% in 3Q

Less discounting helps retail giant best expectations

Dec 18, 07 12:21 PM CST
(Newser) - A consumer hankering for big-ticket items—and a willingness to pay closer to full price for them—helped Best Buy's third-quarter profit rise 52%, reports the Wall Street Journal. Absent last year's discounting on flat-screen TVs, the country's largest electronics chain posted Q3 net income of $228 million, or... More »

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profits • retail sales • revenue • holiday shopping • Best Buy

Activision Profits Powered by Guitar Hero

2Q results foreshadow billions in future revenue from game

Nov 5, 07 10:14 PM CST
(Newser) - Activision turned a $24.3 million loss into a slender quarterly profit of $698,000 in just one year—thanks to its blockbuster musical simulation Guitar Hero. The video game is expected to produce revenue in the billions, the Wall Street Journal reports. Guitar Hero III was launched October 28—... More »

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Rolling Stones • revenue • Guns N' Roses • Activision • Guitar Hero III • Poison • Robert Kotick. • Call of Duty • video games

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