Saks reports wider 2Q loss, shares tumble
August 19, 2008
Luxury goods retailer Saks Inc. reported a wider-than-expected loss for the second quarter on Tuesday and delivered a downbeat forecast for the year as its affluent customers cut back on apparel amid a slowing economy.
Thomson Reuters revenue growth slows
The newly merged Thomson Reuters has announced slower revenue growth for the second quarter, although the news and information publisher insisted it was on track to achieve full-year forecasts.
Time Warner to split AOL as revenue plummets
The box office success of Sex and the City failed to offset a 26 per cent fall in profits at Time Warner, which reported lower revenue from print and online.Macworld - Dell profit falls as revenue grows
Dell posted a decline in profit for its fiscal second quarter even as its revenue grew.
Macworld - AT&T income growth spurred by...
AT&T reports growth in its net income and revenue, driven by strong mobile numbers.
AT&T Income Growth Spurred by IPhone,...
PC World - AT&T reports growth in its net income and revenue, driven by strong mobile numbers.
New York Times quarterly profit,...
Reuters - New York Times Co reported
lower quarterly profit and revenue on Wednesday as newspaper
advertising revenue fell nearly 12 percent.
Macworld - Microsoft tops $60 billion in annual...
Microsoft Thursday announced it has topped $60 billion in yearly revenue for the first time in its history.
India Expects Software and Services...
PC World - India's revenue from software and services is expected to be slower this year, according to an industry body.
US newspapers face more bad news as advertising revenue drops
U.S. regional and national newspaper publishers, already staggering with a drop in ad revenue more severe than the industry has seen since the Great Depression, say the second half of 2008 may be even worse.
New Mexico enjoying revenue windfall from oil, gas (AP)
AP - New Mexico is reaping a revenue windfall because of high prices for oil and natural gas, and a debate is brewing about whether the extra cash should be spent on highways, schools, health care or tax rebates. 
Apple announces I accounted for 48%...
During yesterday’s conference call, Apple revealed that I (Dr. Macenstein) was responsible for 48% of the company’s revenues in Q4 2008. Due to Apple’s decision to report...
Revenue crackdown on offshore savers
The Revenue has fired the starting gun for a fresh crackdown on tax evasion as
it targets thousands of UK-based savers who have failed to declare they hold
offshore accounts.
HP Beats IBM In Server Revenue ...
TechWeb - InformationWeek - In surpassing IBM, HP had increases in both its ProLiant and HP Integrity brands, which offset some revenue declines in other brands, Gartner said.
Bank fee revenue growth driven by demand
Bank fee revenue rose faster in fiscal 2007 than 2006 on the back of strong demand for services rather than increased prices.
Sonic expecting revenue growth above 15%
Pathology and radiology group Sonic Healthcare expects revenue to grow by more than 15 per cent this year after lifting its annual profit by nearly 24 per cent.
08/21/08
Business news about Acquisition
Sonic expects revenue growth
Pathology and radiology group Sonic Healthcare expects revenue to grow by more than 15 per cent this year, after lifting its profit by nearly 24 per cent.
08/21/08
Business news about Acquisition
New Mexico enjoying revenue windfall from oil, gas
New Mexico is reaping a revenue windfall because of high prices for oil and natural gas, and a debate is brewing about whether the extra cash should be spent on highways, schools, health care or tax rebates.
Slow economy hits state sales tax revenue
State tax revenue rose slightly in the second quarter, but revenue from sales tax, fuel tax and property tax all dropped compared to a year ago, according to a report released Tuesday. The report warned that states and cities would be forced to cut spending as tax revenues dropped further.
Telstra jumps Optus in mobile revenue
Telstra Corp Ltd's mobile phone revenue has surged, extending Australia's biggest telecommunications company's lead over rival Optus in the segment.
Thomson Reuters revenue growth slows
Thomson Reuters reports slower revenue growth as the US credit crisis forces investment banks to cut budgets and lay off thousands of workers.
08/12/08
Business news about Acquisition
Napster quarterly loss increases,...
Reuters - Napster Inc posted a bigger quarterly
loss on Monday as the number of its paid subscribers declined,
and the online music service predicted revenue to be mostly ...
Clearwire posts wider loss, revenue...
Reuters - Clearwire Corp posted a wider
quarterly loss as costs rose, but revenue grew as the provider
of high-speed wireless Internet service added new subscribers.
DOT reports loss in revenue
Department of Transportation revenues from the state's gasoline tax and highway usage tax are down a combined total of $66 million from a year ago.
City law firms increase revenues but...
City law firms continued to defy the credit crunch by increasing revenues
again in the first three months of the financial year, but growth slipped to
less than half that of...