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Zynga takes axe to outlook, spooks Facebook investors

Top Finance News - Thu, 07/26/2012 - 12:10am
Game provider Zynga Inc slashed its 2012 outlook and quarterly results badly missed Wall Street targets, sending its stock plunging 35 percent and casting a chill over Facebook Inc on the eve of the social ...

Nomura CEO Watanabe to resign over trading leaks

Top Finance News - Thu, 07/26/2012 - 12:10am
Nomura Holdings Inc CEO Kenichi Watanabe and his top lieutenant, Takumi Shibata, will resign to take responsibility for leaks of insider information to the clients of its brokerage unit, people with knowledge ...

Exclusive: Man United plans IPO launch within days

Top Finance News - Thu, 07/26/2012 - 12:10am
Manchester United is planning to launch the marketing road show for its proposed $300 million U.S. initial public offering within days, after a delay earlier this week, sources familiar with the matter ...

Apple says Samsung patent royalty demands unfair

Top Finance News - Thu, 07/26/2012 - 12:10am
Apple Inc said Samsung Electronics Co Ltd is demanding from the iPhone maker a far higher patent royalty than Apple pays to other companies, at a rate the South Korean company has never sought from any ...

Time ticking on Shell's offshore Arctic drilling

Top Finance News - Thu, 07/26/2012 - 12:10am
Royal Dutch Shell's plans to drill exploratory wells in remote Arctic waters off Alaska are being hampered by its failure to secure key regulatory approvals and lingering sea ice, which have already led ...

Big media stocks' big run faces test this quarter

Top Finance News - Thu, 07/26/2012 - 12:10am
Big media companies' stocks have their swagger back. A boom in political ad spending and bigger checks from cable and digital providers have driven up the stocks of Comcast Corp, Walt Disney Co, News Corp ...

Wal-Mart sued by disabled over payment machine access

Top Finance News - Wed, 07/25/2012 - 8:20pm
Wal-Mart Stores Inc has been sued by disability rights advocates who accused the world's largest retailer of failing to make payment machines accessible to disabled customers who use wheelchairs and scooters. ...

New home sales tumble but upward trend intact

Top Finance News - Wed, 07/25/2012 - 7:15pm
New home sales recorded their biggest drop in more than a year in June and prices resumed their downward trend, dealing a setback for the budding housing market recovery. Single-family home sales tumbled ...

Exclusive: Man United plans IPO launch within days-sources

Top Finance News - Wed, 07/25/2012 - 7:15pm
British soccer club Manchester United is planning to launch the marketing road show for its proposed $300 million U.S. initial public offering within days, after a delay earlier this week, sources familiar ...

Zynga slashes outlook, denting its stock and Facebook's

Top Finance News - Wed, 07/25/2012 - 7:15pm
Zynga Inc, the social gaming company, slashed its 2012 earnings outlook after its second-quarter results badly missed Wall Street's targets, sending its stock plunging more than 40 percent to a record ...

Google, eBay, Amazon, Facebook back new lobbying group

Top Finance News - Wed, 07/25/2012 - 7:15pm
Google Inc, Amazon.com Inc, eBay Inc, Facebook Inc and other big Internet companies are starting a trade association to handle political and regulatory issues in Washington, a person close to the group ...

Apple says Samsung patent royalty demands unfair

Top Finance News - Wed, 07/25/2012 - 7:15pm
Apple Inc said Samsung Electronics Co Ltd is demanding from the iPhone maker a far higher patent royalty than Apple pays to other companies, at a rate the South Korean company has never sought from any ...

Big oil on the back foot in changing energy world

Top Finance News - Wed, 07/25/2012 - 7:15pm
It happens every time. Oil prices fall and the industry turns cannibal: big energy companies hunt out bargains among overstretched producers and promising explorers. It's the season for takeovers and asset ...

Aeromexico places $11 billion order with Boeing

Top Finance News - Wed, 07/25/2012 - 7:15pm
Mexico's largest airline Aeromexico on Wednesday placed an $11 billion provisional order with Boeing , in what the company said was the biggest aircraft investment by a Mexican airline in that country's ...

NBC sells record $1 billion ads for 2012 Olympics

Top Finance News - Wed, 07/25/2012 - 7:15pm
NBCUniversal, which runs the NBC broadcast and cable networks, said on Wednesday it had sold a record $1 billion of U.S. television and digital advertising for the 2012 London Olympics, but remained silent ...

How Facebook May Upset Wall St. Next

Top Finance News - Wed, 07/25/2012 - 6:10pm
In the wake of Facebook's botched initial public offering and subsequent stock decline, pressure is building for CEO Mark Zuckerberg to post solid results Thursday.

Visa Posts Third-Quarter Net Loss

Top Finance News - Wed, 07/25/2012 - 6:10pm
Visa, the world's largest credit and debit-card network, posted a third-quarter net loss as it set money aside to cover litigation costs, and the company authorized a new $1 billion share repurchase program.

House Passes Bill Increasing Scrutiny Over Fed

Top Finance News - Wed, 07/25/2012 - 6:10pm
The House voted Wednesday to give Congress greater scrutiny over the monetary policy decisions of the Federal Reserve, approving legislation sponsored by longtime Fed nemesis Rep. Ron Paul.The 76-year-old ...

Consumers Could Feel Hit to Food Budgets Next Year

Top Finance News - Wed, 07/25/2012 - 4:05pm
A severe summer drought and extreme heat across the Midwest has taken commodity prices higher, and could hit consumers' grocery bills next year.

RadioShack ‘Problem Began 30 Years Ago’: Analyst

Top Finance News - Wed, 07/25/2012 - 4:05pm
RadioShack had a brutal day Wednesday after posting an unexpected quarterly loss and suspending its dividend.

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