Ford reported healthy profit gains in the third quarter and announced that its was paying down debt at a faster clip than earlier planned. The U.S.-based auto company reported net earnings of $1.7 billion, or 43 cents per share for the third quarter ending September 10, compared with last year’s profits of 29 cents per [...]
The National Association of Realtors said existing home sales increased 10% in September, but subdued prices and ongoing scrutiny over the foreclosure practices of America’s largest mortgage lenders make it likely the housing market is still scraping along the bottom. September’s seasonally-adjusted reading showed 4.53 million existing home sales on an annual basis, up 10% [...]
On Wednesday, Apple unveiled a range of new products: a new operating system called Lion, an App Store for Mac OS X widgets, and FaceTime on the Mac. But perhaps the most hotly-followed announcement concerns an update to the MacBook Air laptop, which had remained relatively unchanged since its launch in 2008. So what are [...]
Fannie Mae and Freddie Mac, the mortgage-finance companies operating under U.S. conservatorship, may need as much as $363 billion in Treasury Department aid through 2013, the Federal Housing Finance Agency said. FHFA, which oversees the government-sponsored entities, offered the estimate as a worst-case scenario in an analysis modeled on the stress tests conducted on the [...]
Two biggest and most profitable products that Microsoft offers are Office and the Windows operating system. The company has announced this week that it is set to start testing a new cloud-based online version of Office that will battle directly against Google Docs in the business market for productivity software. The new service is called Office [...]
Microsoft on Monday announced its initial arsenal of handsets built around the new Windows Phone 7 mobile operating system, in what many believe is the company’s last-ditch attempt to regain traction in the mobile handset arena that’s fallen into the hands of rivals like Apple and Google. The Redmond, Wash.-based software giant is pitching the [...]
Motorola hit Apple with two patent lawsuits on Wednesday alleging the wireless used in the Mac, iPhone, and iPod touch violate 18 different patents it owns. The company also filed a complaint against Apple with the U.S. International Trade Commission in hopes of blocking the import of any Apple products that infringe on Motorola patents. [...]
Verizon Wireless announced more concrete plans Wednesday for this year’s launch of its speedier, next-generation internet service for mobile devices. The carrier has been retooling its cellular infrastructure to cover 38 U.S. cities with its 4G data network before the end of the year. Major cities will include New York; Los Angeles, California; Chicago, Illinois; [...]
NEW YORK Shares of Microsoft Corp. slid Monday after a Goldman Sachs analyst downgraded the software company, saying it needs to change its course for the shares to release their intrinsic value. THE SPARK: Analyst Sarah Friar downgraded Microsoft to “Neutral” from “Buy” and lowered her target price to $28 from $32 after reducing earnings [...]
Chicago, IL (PRWEB) September 29, 2010 Since the start of the internet era in the early nineties the number of online businesses and transactions has exploded. The market for websites started to grow in early 2000, when the first business owners started to sell their businesses. Since then the number of websites being offered for [...]