US Business Press Releases

Sweden’s Ericsson says Q4 profits dropped (AP)

STOCKHOLM – LM Ericsson, the world-leading wireless equipment maker in terms of market share, on Wednesday shocked the market by posting a much worse-than-expected fourth-quarterly result, mainly blaming operators for turning cautious due to the global financial turmoil. Shares in the company took a severe beating in the opening minutes of the Stockholm stock exchange, tumbling 13 percent to 8.95 kronor ($1.33)

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Yahoo delivers another listless performance in 4Q (AP)

SAN FRANCISCO – Yahoo slipped further behind in the online advertising race during the fourth quarter as the Internet company entered the fourth year of a revenue slump. The results announced Tuesday marked the latest in a succession of disappointing performances. The persisting malaise led to the firing of Carol Bartz as CEO four months ago.

US Business Press Releases Archives

New Yahoo CEO says company needs to "do better" (Reuters)
(Reuters) – Yahoo Inc Chief Executive Scott Thompson said reviving the company's flagging display advertising business was his "highest priority," even as he crafts a broader plan to bring ...
Apple doubles iPhone sales in 1Q (AP)
NEW YORK – The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the ...
Rising costs push Kimberly-Clark 4Q profit lower (AP)
NEW YORK – Kimberly-Clark Corp., the maker of Kleenex tissues, Huggies diapers and other household goods, is still waging a battle against rising costs that pushed its fourth-quarter profit ...
Press Releases
Lukoil’s Q3 profit drops 20 pct to $2.2 billion (AP)
MOSCOW – Russia's second-largest oil producer Lukoil said Friday that its third-quarter profit dropped 20 percent because of higher taxes and a slump in the ruble. The Moscow-based company ...
Deere 4Q profit up 46 percent on strong sales (AP)
Deere & Co. See the original post here: Deere 4Q profit up 46 percent on strong sales (AP)
Summary Box: Deere 4Q net income jumps 46 percent (AP)
SOLID SUCCESS: Agricultural equipment maker Deere & Co. Go here to see the original: Summary Box: Deere 4Q net income jumps 46 percent (AP)
Agricultural demand fuels Deere results, outlook (Reuters)
(Reuters) – Deere & Co (DE.N) reported a 46 percent rise in quarterly earnings and projected "substantial growth" for 2012 amid strong global farming conditions and higher prices, sending ...

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