Earnings and Losses

Topic: Gerald E. Mccormick

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Intel cuts Q4 outlook on supply shortage

(Reuters) - Intel Corp warned on Monday that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply shortages.The world's largest chipmaker said quarterly revenue is now seen at $13.7 billion, plus or minus ...

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Verizon to pay $3.6 billion for cable spectrum

NEW YORK (Reuters) - Verizon Wireless agreed to pay $3.6 billion to buy wireless airwaves from a venture of cable companies Comcast Corp, Time Warner Cable Inc and privately held Bright House Networks.Comcast, owner of 63.6 percent of the SpectrumCo ...

Reuters US Online Report Internet News |

Thirteen charged in microcap kickback cases

(Reuters) - Federal officials in Boston said on Thursday they charged 13 people in connection with a kickback scheme involving microcap stocks.The defendants included corporate officers, lawyers and a stock promoter who allegedly used kickbacks and other tricks to gather investments for ...

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NY court allows lawsuit over bogus home appraisals

(Reuters) - New York's highest court allowed the state on Tuesday to proceed with a lawsuit that had accused First American Corp and its eAppraiseIt unit of colluding with the former Washington Mutual Inc to fraudulently inflate home values.The Court of ...

Reuters US Online Report Domestic News |

Clearwire shares plunge 31 percent on debt fears

(Reuters) - Shares in Clearwire Corp plummeted as much as 31 percent after a Wall Street Journal report quoted its CEO as saying that the company was considering skipping a $237 million interest payment due December 1.Shares in the cash-strapped high-speed wireless ...

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Aastrom's cell therapy shows promise in trial

(Reuters) - Aastrom BioSciences Inc said on Monday its cell therapy Ixmyelocel-T proved safe in a mid-stage clinical trial and helped delay some symptoms of critical limb ischemia, a severe form of peripheral arterial disease, in patients who have no real alternatives.Critical ...

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Walmart denies plan to build major health platform

(Reuters) - Reports suggesting that Wal-Mart Stores Inc plans to make a major splash in the healthcare industry are unfounded, the retailer said on Wednesday.National Public Radio and Kaiser Health News had reported that the world's largest retailer planned to offer ...

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JPMorgan, BofA Slammed With New Lawsuits

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors seeking to recover losses on $4.5 billion of soured mortgage...

FOX Business |

Citi reinstates quarterly dividend at 1 cent

Citigroup Inc C. N declared its first dividend in more than two years on Friday, announcing it will pay a penny per share on June 17, but analysts ...

Conde Nast Portfolio |

Cablevision Posts Higher Quarterly Profit

Cablevision Systems Corp posted higher quarterly profit Wednesday as it added more Internet and phone customers.. . Fourth-quarter net profit was...

FOX Business |