Latest Breaking Business News
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Amys Baking Company could face legal nightmare
(MoneyWatch) For those with a taste for reality TV, business or even disaster movies, Amy's Baking Company has become a sight to behold. A disastrous appearance on the show "Kitchen Nightmares" was quickly followed by ...
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Hewlett-Packards Q2 profit falls by $516 million
Hewlett-Packard Co. reported a second quarter profit of $1.1 billion, down $516 million, or 32 percent from the same quarter a year earlier. Palo Alto-based HP (NYSE: HPQ), led by ...
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US stocks fall as market eyes possible Fed retreat
Trader Kevin Lodewick works on the floor of the New York Stock Exchange in this May 2, 2013, file photo. US stocks Wednesday, May 22, 2013, ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve’s exceptionally loose monetary policy. AFP PHOTO/RICHARD DREW NEW YORK--US stocks Wednesday ended lower following a choppy day of trading as the ...
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Hewlett-Packard sees profit drop but beats expectations
A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California in this January 16, 2013, file photo. Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking PC sales in the second quarter ...
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ValueVision has first quarterly profit in seven years
Eden Prairie firm, better known as the TV channel and website ShopNBC, earned $1 million, or 2 cents a share, in the first quarter its first quarterly profit since 2006. "We cut costs and managed carefully," said Bill McGrath, chief financial officer, in an interview Wednesday. The firm reduced several lending agreements to one, and expanded its revolving line of credit to $50 million ...
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San Diego top Memorial Day destination
Expect a busy Memorial Day weekend as millions of Southern Californians hit the road, many of them opting to stay in San Diego, reports the Automobile ...
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Corero appoints high tech executive to lead worldwide sales
HUDSON, MA, May 21, 2013 – Corero Network Security, the First Line of Defense for enterprises globally against Distributed Denial of Service (DDoS) attacks and ...
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Wal-Mart Hires a New Chief Image Maker
The company, the nation's largest retailer, announced on Wednesday that Dan Bartlett, an adviser to President George W. Bush, would be its new executive vice president of corporate affairs, starting in late ...
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Jennifer Lopez to open cellphone stores
NEW YORK - "Jenny from the Block" wants the block to buy Verizon phones from her.Singer and actress Jennifer Lopez says she's opening a chain of cellphone stores and a website under the Viva Mobil brand. The aim is to sell Verizon phones and services to Latinos.The first store will open in New York on June 15. Lopez says the stores will have bilingual staff and provide a ...
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Confusion Ruled the Day at Microsofts Xbox One Reveal Event
In today's business world, disruption is a constant force that never lets up. At the annual WIRED Business Conference: Disruptive by Design, we celebrate the creative power of bold new ideas and the people that make them happen. See the event ...
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Electric carmaker Tesla pays off U.S. loan
Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont, California, June 22, 2012, as the car company began delivering its Model S electric ...
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Starbucks veteran Michelle Gass leaving for Kohls
SBUX.O ) executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp ...
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H-P earnings fall shares rally on beat forecast
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard on Wednesday posted a big drop in earnings for the second fiscal quarter, though the adjusted results beat Wall Street's and sent the stock on an after-hours ...
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Dell buyout group discounts companys dismal 1Q earnings
Billionaire investor Carl Icahn is part of an investor group competing with a group led by Dell Inc. CEO Michael Dell to buyout the companys shareholders. Dell Inc.s prospective buyout group is downplaying last weeks 79 percent decline in first-quarter profits. Tennessee-based Southeastern Asset Management Inc. wrote that Round Rock-based Dells (Nasdaq: DELL) performed well in the business ...
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Guess Whos Piling into Stock ETFs Central Bankers
The U.S. Federal Reserve's zero interest rate policy (ZIRP) and multiple rounds of quantitative easing (QE) have been rightly blamed on surging stock prices ...
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SeaWorld reports nearly $240M in sales in first earnings report
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HP profit down 32 percent shares up as results beat estimates
SAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending its stock 10 percent ...
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Court ruling gives mixed message in Unique Broadband Systems dispute
Granted, it ain't over till it's over, but there has been something of a mixed message delivered in the matter between Unique Broadband Systems and Jolian Investments Ltd., a private company controlled by Gerald McGoey, the former chief executive of UBS. In a 37-page ruling released Wednesday, Madam Justice Mesbur of the Ontario Superior Court of Justice outlined reasons why ...
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Fed uncertainty extinguishes rally
NEW YORK Stocks fell today on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve. The Dow Jones industrial average lost 80 points to 15,307, a loss of a half a percent. The release of minutes of the April 30-May 1 meeting reversed a 154 point surge in early trading after ...
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HPs second-quarter earnings fall 32 percent
SAN FRANCISCO Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. A quarterly earnings report released Wednesday provided the evidence of Hewlett-Packard Co.'s ...
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US Stocks Wall Street extends losses SP down 1
Sources said the provision would not only badly hit Indian IT cos, but also disrupt operational capabilities of a large number of key US cos as ...
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H.P. Earnings Are Higher Than Expected
SAN FRANCISCO ...
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Why Are Homeowners Being Jailed for Demanding Wall Street Prosecutions
May 22, 2013 3:00 PM ET A two-day long housing protest outside the Department of Justice this week has resulted in nearly 30 arrests and several instances of law enforcement unnecessarily using tasers on activists, according to eye-witnesses. The action – which was organized by a coalition of housing advocacy groups, including the Home Defenders League and Occupy Our Homes – called ...
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After Hours H-P shares jump after earnings outlook
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. shares soared after the computer maker reported second-quarter results and an outlook that topped Wall Street ...
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HP earnings sink 31 percent but surpass expectations
Hewlett Packard CEO Meg Whitman Hewlett-Packard Co. reported second quarter earnings today, showing earnings per share of $0.55 or $1.1 billion, a 31 percent decline in earnings from a year ago. Adjusted earnings came in at $0.87 a share or $1.7 billion, exceeding analyst expectations of $0.81 a share. Net revenue fell 10 percent to $27.6 billion, and cash flow came in at $3.6 billion, a 44 ...
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Target Cuts Full-year Forecast on Disappointing Earnings
Target Corp., like many other retail rivals, was laid low in its first fiscal quarter by cold spring temperatures that discouraged seasonal shopping and caused the chain to underperform by even its own metrics. The Minneapolis company said sales at stores open more than a year declined 0.6% in the three months ended May 4. That's after the retailer in April amended an earlier forecast ...
Atlanta in the Spotlight
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Stand fast Atlanta, but dont be selfish
Atlanta is the capital of Georgia, therefore it is the leader of the state, and the actions and decisions of city leaders will influence the stability, or lack thereof, of the state. It is a substantial responsibility and one that should not be taken lightly. Atlanta must weather the current recession in a manner helpful to the wider region as well as itself.
Atlanta is one of the fastest growing cities in the US. It is the beating heart of Georgia, and one of the main centers for economic activity with the head quarters of several major companies located in its CBD, including Coca Cola, Delta Airlines, and AT&T. Just behind Chicago and Minneapolis, it has one of the highest concentrations of Fortune 500 companies located within the greater Atlanta Metropolitan Area. Read more
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