Oct 23, 2015

Business News Roundup, Oct. 23 - SFGate

Thursday’s report indicated that the Mountain View company is making significant strides in the mobile market, with its earnings surging 45 percent to nearly $4 billion ($5.73 per share). Alphabet, which replaced Google as a publicly traded stock this month, won extra credit by announcing plans to spend nearly $5.1 billion buying its own shares over an unspecified period. The gains also...

Proceed to the page: http://linkis.com/c72c2

Similar Articles Added Earlier

  • Amazon's birthday present: Surprise 2Q profit

    NEW YORK (AP) — Investors helped Amazon celebrate its 20th birthday, pushing the online retailer's stock up 17 percent in aftermarket trading Thursday after it reported a surprise second-quarter profit. If the jump holds in Friday trading, Amazon's stock-market value could surpass that of its...

  • Galaxy S6 fails to reverse profit decline at Samsung

    SEOUL, South Korea (AP) — Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. The company's overall earnings drop during the April-June quarter was 8 percent but it reported a much bigger...

  • Fannie Mae posts $4.6B profit in 2Q; paying $4.4B dividend

    WASHINGTON (AP) — Mortgage giant Fannie Mae reported net income of $4.6 billion from April through June, up from $3.7 billion a year earlier. Rising interest rates enabled Fannie to post gains on the investments it uses to hedge against swings in rates. The second-quarter results released Thursday...

  • Google forms a new holding company, 'Alphabet'

    SAN FRANCISCO (AP) — Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some — like building self-driving cars and researching ways to prolong human life — that are known more for their ambition than for turning an...

  • 21 of 23 Obamacare insurance co-ops are losing money. | PJ Tatler

    Obamacare non-profit co-op insurance organizations in Colorado and Oregon are shutting down, making it 7 out of 23 non profits to have closed in the last year.The Hill:The news comes after announcements on Wednesday that Tennessee’s co-op is shutting down and last Friday that Kentucky’s co-op would...

Similar Articles Added Today

Most Recent sfgate.com Articles

Latest Links Processed

0/120