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AOL Announces  $550M Stock Repurchase Authorization As Dutch Auction Offer Expires AOL Announces $550M Stock Repurchase Authorization As Dutch Auction Offer Expires

AOL announced on Friday, the expiration of its modified “Dutch Auction” tender offer for the repurchase of up to $400 million in common stock. It expired on 5:00 P.M. (Eastern) on Thursday evening. Additionally, the company’s Board approved a $550 …

LinkedIn Earnings: Revenue Up 89% YoY LinkedIn Earnings: Revenue Up 89% YoY

LinkedIn has released its Q2 earnings report. Revenue is up 89% year-over-year at $228.2 million. Net income, on the other hand, was down to $2.8 million for the quarter, from $4.5 million the same period last year. The company beat …

Yelp Stock Up On Upbeat Q2 Earnings Report Yelp Stock Up On Upbeat Q2 Earnings Report

Yelp has released its Q2 earnings report. The company managed to beat Wall Street expectations with revenue of $32.7 million for the quarter, up 67% from the same quarter last year. At the same time, Yelp’s cumulative reviews grew by 54% …

30-Year Mortgage Rates Continue To Hit New Lows, According To Freddie Mac 30-Year Mortgage Rates Continue To Hit New Lows, According To Freddie Mac

30-year fixed-rate mortgages are averaging record-breaking lows, according to Freddie Mac. The company has released results of its Primary Mortgage Market Survey showing that a streak of lows is continuing. According to the survey, the mortgages averaged 3.49%, which is …

Amazon Earnings: Q2 Sales Up 29% (But Not Good Enough) Amazon Earnings: Q2 Sales Up 29% (But Not Good Enough)
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Amazon has released its Q2 financial results, missing analysts’ expectations. The report includes net sales of $12.83 Billion, a 29% increase year-over-year. At the same time, net income decreased by 96% to $7 million. The quarter included a net loss of …

Netflix Stock Continues Downward Spiral Netflix Stock Continues Downward Spiral
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Netflix stock has been taking a beating today, following the company’s earnings release on Tuesday. The following graph (via Google Finance) will give you an idea of today’s performance: And this follows Wednesday, when Netflix stock plunged by as much …

iPhone 5 Rumors Mean Lower iPhone Sales For Apple iPhone 5 Rumors Mean Lower iPhone Sales For Apple

Apple released its quarterly earnings report on Tuesday, and included in that were slower than usual iPhone sales. The latest rumor is that the iPhone 5 (and possibly the iPad Mini) will be released in September. This piece of rumorformation …

AOL Slows Its Revenue Decline To Lowest Rate In As Much As 7 Years AOL Slows Its Revenue Decline To Lowest Rate In As Much As 7 Years

AOL released its quarterly earnings report this morning for Q2. The company’s revenue declined by 2%, which AOL points out is the lowest rate of decline in 7 years. The company managed to beat Wall Street expectations. Ad revenue grew …

S&P 500 Constituent L-3 Communications Spins Off Engility, Changes Come To S&P SmallCap 600 Index S&P 500 Constituent L-3 Communications Spins Off Engility, Changes Come To S&P SmallCap 600 Index

L-3 Communications announced in June that its Board of Directors had approved the spin-off of systems engineering company Engility Holdings. It has now been announced that Engility will replace Savient Pharmaceuticals in the S&P SmallCap 600 index after the close …

Google To Get Biggest Fine In FTC History? Google To Get Biggest Fine In FTC History?
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It looks like Google is about to pay the biggest fine ever to be issued to a company (at least one company) by the FTC. That is if a Wall Street Journal report is correct. The publication is citing officials …

Samsung Predicts Record Second Quarter Earnings Samsung Predicts Record Second Quarter Earnings
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Samsung is planning to announce their earnings for the second quarter on July 27th, but like an eight-year-old a week before Christmas, they couldn’t quite wait for the big day. In a statement released late Thursday night, they gave a …

Apple Announces Third Quarter Earnings Call Apple Announces Third Quarter Earnings Call

Apple has announced the details for their third quarter earnings call. According to a post on their Investor Relations website, Apple’s quarterly conference call will take place on July 24th at 2 PM Pacific Time, 5 PM Eastern. Apple’s past …

Demand Media President Charles Hilliard Steps Down Demand Media President Charles Hilliard Steps Down

Demand Media President and CFO Charles Hilliard is stepping down. He will be replaced, at least in the CFO role, by Senior Vice President, Finance and Treasurer Mel Tang, effective August 16. Hilliard will become Special Advisor to Demand Media’s …

Local Search Platform Yext Secures $27 Million In Funding Local Search Platform Yext Secures $27 Million In Funding

Yext has secured a new $27 million Series E round of funding. The company says it will use the capital to expand its platform. Yext is in the business of “Amazing Local Search Results,” with its PowerListings product promising to …

HP Job Cuts: Company Announces 27,000 HP Job Cuts: Company Announces 27,000
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HP announced a massive restructuring today, which it says will generate annual savings of $3.0 to $3.5 billion (exiting fiscal year 2014). These savings will be reinvested back into the company, HP says. The restructuring comes at the cost of …

Facebook IPO: Company Raises $16 Billion At $104 Billion Valuation Facebook IPO: Company Raises $16 Billion At $104 Billion Valuation

Facebook announced the IPO this afternoon, offering 421,233,615 shares of its common stock at a price to the public of $38 per share, putting it at about $16 billion, and valuing the company at over $104 billion. Facebook says shares …

Demand Media: Everything Looking Good For eHow After Deleting 600K Articles Demand Media: Everything Looking Good For eHow After Deleting 600K Articles

As previously reported, Demand Media released its Q1 earnings report today, beating estimates. During the company’s last earnings call, the company indicated that eHow had not been impacted by a Google algorithm change since July. It would appear that this …

Demand Media Earnings: $86.2 Million In Revenue Demand Media Earnings: $86.2 Million In Revenue

Demand Media just released its first quarter 2012 results, posting record first quarter revenue and raising 2012 guidance. For the quarter, ended March 31, total revenue was up 8% year-over-year, to $86.2 million CEO Richard Rosenblatt said, “Driven by continued …

Google Earnings: Revenue up 24%, Cost-Per-Click Down 12%, Dividend Announced Google Earnings: Revenue up 24%, Cost-Per-Click Down 12%, Dividend Announced
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Google just released its Q1 earnings report. One of the big concerns about this report (since the last one) is that Google’s mobile business is growing too fast for its mobile ad revenue to keep up with it. Last quarter, …

Google Dividend Provides Two-For-One Stock Split Google Dividend Provides Two-For-One Stock Split

Google released its Q1 earnings report today, and along with it, the company announced that its Board of Directors unanimously approved a stock dividend proposal, which Google says is “designed to preserve the corporate structure that has allowed Google to …

Google Finance Adds TPE, CNSX Realtime Quotes Google Finance Adds TPE, CNSX Realtime Quotes

Google announced the addition of realtime quotes from Canada and Taiwan to Google Finance today. “Here at Google, we get excited by bringing our users relevant information at blazing speeds. So, why would we want to make users wait 15 …