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Best Buy Earnings: Net Income Down 90% Best Buy Earnings: Net Income Down 90%

Best Buy just released its earnings report for the second quarter, a day after announcing its new CEO. Of course, this transition is happening as Founder Richard Schulze has been trying to buy back the company. Last week, he sent …

Barnes & Noble Q1 Earnings Released, Digital Sales Up 46% Barnes & Noble Q1 Earnings Released, Digital Sales Up 46%

Barnes & Noble released its Q1 earnings report this morning, a day after the company announced its first international expansion, with plans to launch its Nook line in the UK. The company reported a 46% increase in digital content sales, …

Apple Stock: Shares Soar Ahead Of iPhone 5 Release Date Apple Stock: Shares Soar Ahead Of iPhone 5 Release Date
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The rumored iPhone 5 release date is getting closer, and as investors anticipate the device’s launch, Apple’s stock continues to soar. Now, the company has even managed to become the most valuable company in the history of companies. Apple’s market …

Facebook Stock Takes A Pounding As Lockup Ends Facebook Stock Takes A Pounding As Lockup Ends
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When Facebook went public, its IPO included a “lockup” agreement that meant some shareholders were required to hold their stock for a predetermined amount of time. For Facebook insiders held to this agreement, that lockup ended today, and as a …

Groupon Shares Hit Their Lowest Ever Groupon Shares Hit Their Lowest Ever
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Groupon shares have reached their lowest point since the company has been public. As of the time of this writing, shares are sitting at $5.55, down 26.49%‎. The nosedive occurred, following the company’s earnings release on Monday, despite the company’s …

E*Trade Gets A New CEO (At Least Temporarily) E*Trade Gets A New CEO (At Least Temporarily)

E*Trade has ousted CEO Steven Freiberg about halfway through is 4-year contract, as customer trading has not been where the company needs it to be. The company announced that its Board of Directors has appointed Chairman Frank Petrilli (pictured) interim …

Best Buy Offer: Founder Wants To Buy His Company Back For $24 To $26 Per Share Best Buy Offer: Founder Wants To Buy His Company Back For $24 To $26 Per Share
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Best Buy founder Richard Schulze has made an offer to buy Best Buy back, and to take it private. The offer, estimated at $8 billion, is for a price of $24.00 to $26.00 per share in cash. Best Buy stock …

LinkedIn Stock: Look How Well It’s Doing LinkedIn Stock: Look How Well It’s Doing
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It’s really quite remarkable how well LinkedIn stock is performing, especially considering that Facebook’s (the world’s biggest social network) hit its all time low last week. That’s not to say LinkedIn is worth more than Facebook, by any means, but …

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 …