revenue

Stories 21 - 31 | << Prev 

AT&T Layoffs Just the Beginning of Telecom Pain

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

(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...

Crisis Looms for Credit Cards
 Crisis Looms for Credit Cards 
ANALYSIS
Nov 14, 2008 3:10 PM CST

Crisis Looms for Credit Cards

Soaring defaults could fell normally resilient industry

(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...

Cowboys NFL's Richest at $1.6B

Average team worth over $1B

(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...

Invisible Ink, Hidden Numbers Help Fuzzy Accounting

SEC complaint shows CFO used printouts to fool auditors

(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.

YouTube Trying Longer Videos
 YouTube Trying Longer Videos 
Jun 18, 2008 5:56 PM CDT

YouTube Trying Longer Videos

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

(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.

IBM First Quarter Profits Jump 26%

US revenue up 6% despite slowdown

(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...

Take-Two Promises Solid 2008
Take-Two Promises Solid 2008
Mar 12, 2008 8:25 AM CDT

Take-Two Promises Solid 2008

Game maker upbeat despite losses; rebuffs EA takeover talks

(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....

Strong Overseas Growth Buoys IBM Sales

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

(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 earnings...

Best Buy Profit Soars 52% in 3Q
Best Buy
Profit Soars
52% in 3Q
Dec 18, 2007 12:21 PM CST

Best Buy Profit Soars 52% in 3Q

Less discounting helps retail giant best expectations

(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 53...

Activision Profits Powered by Guitar Hero

2Q results foreshadow billions in future revenue from game

(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—...

eBay's $1.4 Billion Phone Bill
  eBay's $1.4 Billion Phone Bill
Oct 2, 2007 12:04 AM CDT

eBay's $1.4 Billion Phone Bill

Takes huge write down on overpriced Skype

(Newser) - eBay's $2.6 billion acquisition of phone service Skype looks like a wrong number, with profits on hold indefinitely. The Wall Street Journal reports eBay will take a $1.4 billion write down on Skype, which  accounts for $90 million of eBay's $1.83 billion in revenue in the third...

Stories 21 - 31 | << Prev