HispanicBusiness

Business

Revenue Misses Add Up Early in Earnings Season

With analysts having already ratcheted down their earnings-per-share growth projections compared to a year ago, the likelihood of companies topping those lowered expectations is high. That's the good news.

Microsoft Beats Profit Estimate

Microsoft (NASDAQ: MSFT) exceeded analysts' predicted estimates for profit, but fell just slightly short of revenue forecasts in its latest quarterly results -- a quarter that also saw a sharp decline in PC sales worldwide.

SeaWorld IPO Priced at $27 a Share

SeaWorld Entertainment Inc. announced the pricing of an initial public offering of 26 million shares of its common stock at $27 per share.

Q1 Sales Flat at PPG

PPG Industries said first-quarter adjusted profit from continuing operations was $235 million, or $1.58 per share, beating analysts' estimates by two cents a share.

ECB Still Has Room to Cut Interest Rates

The European Central Bank could still cut interest rates to spur growth in the recession-plagued eurozone, IMF chief Christine Lagarde said Thursday.

Highest-paid Internships Not on Wall Street

A recent survey found that the highest-paid interns work for tech and oil companies. Wall Street didn't even make the top 10.

Crude Oil Inventories Drop Modestly

U.S. crude oil inventories fell modestly in the week ending Friday, the Energy Information Administration said.

No Quota for Women in German Boardrooms

Germany's parliament said no on Thursday to a plan to set a quota for women on corporate boards, an issue that has forced Chancellor Angela Merkel to reverse her position in the middle of an election campaign.

Nokia Reduces Losses, Remains in Red

Finnish mobile phone maker Nokia posted a first quarter net loss of $355 million Thursday as it continued to face stiff competition from rivals.

Norwegian to Lease Planes While Awaiting Dreamliner

Norwegian Air Shuttle said it would lease planes for long-haul flights while the delivery its new Boeing 787 Dreamliner jets is pending, the company said Thursday.

Nestle Not at Its Very Best in Q1

Revenues at Swiss food giant Nestle rose 5.4 percent year-on-year to $23.7 billion in the first three months of 2013, the company said Thursday.

Peabody Posts Loss as Coal Markets Cool

Peabody Energy Corp. reported a net loss of $23.4 million net loss in the first quarter on weaker U.S. coal sales and lower coal prices in Australia.

Loss-leader Ban May Be Struck Down in Okla.

While arguing in favor of repealing a ban on loss leaders, Oklahoma House Majority Leader Dennis Johnson, a small business owner, said price flexibility is important, especially when some customers "try to Jew me down."

Jobless Claims Up by 4,000

The U.S. Labor Department said first-time jobless benefits claims rose by 4,000 to 352,000 in the week that ended last Saturday.

Apple Stock Briefly Drops Below $400

Apple's high-flying stock dropped below $400 a share on Wednesday over a potential drop in profits.