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Business News

Location American Business News for 25 October 2012
The Hershey Company (HSY) announced its quarterly dividend of 42 cents per share, an increase of about 11% over its prior dividend in August of 38 cents. The dividend is payable on December 14, 2012, to stockholders of r...
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How Will Dropbox Manage To Dish Out All The Free Space That Is Promised In The Space Race? They won't. Dropbox doesn't own datacenters for its data, since everything is actually stored on Amazon S3. Because of this, Dropbox only pays for the data that is actually stored on the service, and not the space that i...
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The Full Collection From The Maison Martin Margiela And H&M Collaboration In a little more than two weeks, November 15 to be exact, the highly-anticipated Maison Martin Margiela for H&M collection will hit the stores
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Game Boy: Billionaire William Ding Lei Has A Few Fantasies Of His Own Chinese billionaire William Ding Lei has a few fantasies of his own.
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With New Tablet, Microsoft Faces a Balancing Act

The New York Times - 25 Oct 2012 23:59
Microsoft, the world’s best-known software company, is set to begin selling a tablet computer on Friday, a move that is ruffling the feathers of its partners.
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Stocks Lurch to Small Gains

Wall Street Journal - 25 Oct 2012 23:54
Blue chips ended the day higher after seesawing between gains and losses, as investors tried to decipher middling readings on companies and the U.S. economy.
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SAN FRANCISCO (Reuters) - Apple Inc delivered another quarter of lackluster results and iPad sales fell well short of Wall Street targets, pushing its stock down more than 1 percent.
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Why Didn't Apple Sell More iPads In Q4?

Forbes - 25 Oct 2012 23:27
Why Didn't Apple Sell More iPads In Q4? In a fiscal fourth quarter that slightly missed profit expectations, Apple reported one figure that looks especially worrisome: It sold only 14 million iPads.
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Best Buy, Wynn and Zynga are making big moves in the U.S. session, while Apple and Amazon tickers trend on Twitter.
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The Next Commissioner: Adam Silver Strikes NBA Gold In announcing that Commissioner David Stern would step down on Feb. 1, 2014, the NBA also took the unusual step of naming his successor immediately.
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Amazon reports weak results, shares slip

Reuters - 25 Oct 2012 23:07
SAN FRANCISCO (Reuters) - Amazon.com Inc reported weak quarterly results on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe.
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Earnings Watch: Updates, advisories and surprises

Market Watch - 25 Oct 2012 23:01
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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NEW YORK (Reuters) - Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that ...
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Slide Show: 8 egregious expense report abuses

Market Watch - 25 Oct 2012 22:59
Lawyers may have a reputation for expensing every last thing, but they’ve got nothing on these politicians and executives.
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Apple Revenue Meets Forecasts, iPad Disappoints

The New York Times - 25 Oct 2012 22:54
The company reported quarterly revenue that met Wall Street expectations even as iPad sales were disappointing.
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Apple, Citing 'Prolific' Product Rollouts, Misses On Profit, Forecast Amid Higher Costs (Live Blog) Recap: Apple's 4Q profit missed estimates on fewer iPad sales. CEO Tim Cook said the company has been struggling to meet demand for the iPhone 5, but that Apple still expects to sell it in 100 markets this quarter -- inc...
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Apple Stores Around The World

Forbes - 25 Oct 2012 22:52
Apple Stores Around The World An around the world look at Apple's most noteworthy retail stores.
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DealBook: Rajaratnam's Lawyers Argue to Overturn Conviction

The New York Times - 25 Oct 2012 22:50
A lawyer for the former hedge fund manager argued before appellate judges that the government's request to secretly record Raj Rajaratnam's conversations was riddled with problems.
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Apple posts rare earnings miss

NBC News - 25 Oct 2012 22:48
Fresh off its much-anticipated iPad mini reveal, Apple reported quarterly earnings that missed Wall Street's forecasts on Thursday and an outlook that fell shy of estimates. Apple shares ended the regular trading d...
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Bleak European Christmas Threatens Amazon

Forbes - 25 Oct 2012 22:46
From McDonald's to Burberry and Ford, Europe has turned into a millstone. Amazon is no different - the main reason for its surprisingly weak Christmas quarter guidance is likely Europe. The revenue guidance is more than ...
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Coinstar Q3 Revs Miss; Q4 Outlook Light; Shrs Fall Coinstar shares are taking some heat after hours Thursday following a disappointing third quarter financial report from the parent of the Redbox video rental kiosk chain.
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Vijay Mallya Drops Out Of Billionaire Ranks

Forbes - 25 Oct 2012 22:43
Vijay Mallya Drops Out Of Billionaire Ranks Some more bad news for Vijay Mallya, the“King of Good Times” : he’s no longer a member of the billionaires’ club. The bad times Mallya’s been facing lately as he battles to save his debt-...
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