Profile of The Associated Press ~ staff OBJ

All articles of The Associated Press ~ staff OBJ

• Best Buy's Q2 profit drops 90%
  Its second-quarter results missed analyst estimates by about 11 cents per share. The company also withdrew its earnings guidance for the year and ...
• Apple, Samsung head to jury after 3-week trial
  Apple is demanding Samsung pay it $2.5 billion and pull its most popular smartphones and computer tablets from the U.S. market after accusing the ...
• Apple sets record for company value
  Apple's stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a ...
• Best Buy takeover talks halted as chain names new CEO
  The announcement, made Monday, comes after the nation's largest electronics chain announced Sunday that its offer to advance talks with company ...
• Apple stock hits new high
  Already the world's most valuable company, Apple Inc. saw its stock hit $644.13 in morning trading Friday, before retreating to $642. The ...
• Facebook shares hit new depths as lockup period ends
  Firms ranging from Accel Partners to Goldman Sachs, Zynga CEO Mark Pincus and Facebook board members James Breyer, Peter Thiel and Reid ...
• Best Buy will have private equity investment: CEO
  Ten days after he made a public bid to take the business private, Schulze told Best Buy's board in a letter that he'd like to create a group and ...
• Wal-Mart's Q2 profits up 5.7%
  The discounter also said Thursday that it's raising its full-year profit outlook. But quarterly revenue that came in short of expectations ...
• Target reports flat Q2 profits on higher sales
  Like most retailers, Target's challenge has been luring shoppers into stores during an uncertain economic climate that has them scrutinizing ...
• Greece holds largest debt sale in years
  Athens will now avoid having to ask for emergency funding to pay off a C3.2 billion ($3.9 billion) bond that matures Aug. 20 and is held by the ...
• Groupon Q2 profit beats estimates
  Although the online deals site beat Wall Street's profit estimates in the latest quarter, its stock fell sharply because of the dual concerns ...
• Home Depot issues rosier outlook
  The world's biggest home-improvement retailer says that better sales in the U.S. and demand for its mainstay home-improvement products helped its ...
• FedEx to offer buyouts to U.S. employees
  The world's second largest package delivery company hinted at cutbacks earlier this summer when it said that slowing economic growth would crimp ...
• Google to cut 4,000 jobs at Motorola Mobility
  The leading search engine company says two-thirds of the reductions at Motorola Mobility will be outside of the United States but Google didn't ...
• HP to take record quarterly loss
  The charge is the result of a writedown of the value of its services business, reflecting that the company overpaid for when it bought Electronic ...
• Best Buy founder offers to buy electronics retailer
  Richard Schulze also served as the Minneapolis-based company's chairman until resigning in June amid a scandal involving its CEO. Schulze said he ...
• U.S. economy adds 163,000 jobs in July
  The Labor Department said Friday that the unemployment rate rose to 8.3 per cent from 8.2 per cent in June. July's hiring was the best since ...
• Opening arguments begin in Apple, Samsung case
  After a jury was selected Monday, lawyers for both sides were set to deliver their opening arguments Tuesday morning in a San Jose federal ...
• HSBC takes US$700M hit to cover money laundering...
  The provision was announced as Europe's biggest bank reported an 11 per cent advance in pretax profit in the first half of the year following ...
• Apple, Samsung face off in US court over patents
  Apple Inc. filed a lawsuit against South Korea's Samsung Electronics Co. last year alleging the world's largest technology company's smart phones ...
• Facebook's first public quarter proves solid
  Facebook reported stronger-than-expected revenue and a gain in user numbers Thursday. But investors weren't impressed and after a brief ...
• Alcatel-Lucent to slash 5,000 jobs
  The Franco-American telecommunications equipment maker, which has a presence in Ottawa, unveiled a restructuring plan that it said would take ...
• LG Q2 profit falls as mobile business sinks
  The South Korean company said Wednesday its April-June net income totalled 159 billion won ($138 million) on revenue of 12.9 trillion won. ...
• UPS cuts forecast on weakness in Asia and Europe
  It predicts global trade will grow even slower than the world's economies – a trend not seen since the recession. It's making cuts in its ...
• Murdoch resigns from News Corp. subsidiary boards
  Murdoch stepped down this past week as a director of NI Group, Times Newspaper Holdings and News Corp. Investments in the U.K., said Daisy ...
• Yahoo CEO to receive US$59M in compensation
  Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million. She's also eligible for a $2 million ...
• Microsoft reports first quarterly loss as public...
  The software company had warned two weeks ago that it would take a $6.2 billion charge in the April-June quarter because its 2007 purchase of ...
• GE to split up energy infrastructure business
  The restructuring will affect operations that currently employ 100,000 people and generates about $50 billion in annual revenue. The three new ...
• Windows 8 to go on sale Oct. 26
  Microsoft announced the date in a blog post and at its annual sales meeting Wednesday. The software company had said earlier that Windows 8 would ...
• Struggling American Airlines posts Q2 loss
  AMR Corp. said Wednesday that it narrowed its second-quarter loss to $241 million, mostly because of $230 million in costs tied to its bankruptcy ...