McDonald’s Corporation (NYSE:MCD) has released its monthly sales figures for February. The company narrowly beat estimates for its fourth quarter earnings, which were reported in January. According to USA Today, the fast food chain has reported a 1.5 percent decline in sales during February, although it noted that last year was a leap year, so there was an extra day in the month. If that extra day is taken into account, then McDonald’s Corporation...
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Best Buy reported a loss of $409 million for the last quarter; the company said restructuring charges and weak sales are to blame for the significant loss. The fourth Quarter results come a day after the company ended talks with its largest shareholder and its founder. Best Buy Co., Inc. (NYSE:BBY)revealed that it has received no offers from the Richard Schulze for the takeover and will continue working on its turnaround. Thursday was the...
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Fortress Investment Group LLC (NYSE:FIG) is the next alternative investment firm to post solid profitability. Earlier, KKR & Co. L.P. (NYSE:KKR), The Blackstone Group L.P. (NYSE:BX) and Apollo Global Management LLC (NYSE:APO) announced strong earnings in the last three months of 2012. The fourth quarter profits of Fortress rose 114 percent to $107 million or 20 cents per dividend-paying share from $50 million in the same period a year ago. Analysts were expecting 14 cents per...
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Wal-Mart Stores, Inc. (NYSE:WMT), the world’s largest retailer increased its quarterly dividends as the company recorded a strong financial performance during the fourth quarter. According to the retail giant, its board of directors approved the payment of an annual cash dividend of $1.88 per share for the fiscal year 2014. The annual dividend payment represents an 18 percent increase from the $1.59 per share distributed by Wal-Mart Stores, Inc. (NYSE:WMT) during the fiscal 2013. Wal-Mart...
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Apollo Global Management LLC (NYSE:APO) announced Friday a 95 percent increase in its fourth quarter earnings to $697 million or $1.69 per share. The alternative investment firm said that gains from private equity holdings more than compensated for weaker performances in other businesses. The earnings were reported as economic net income that includes unrealized gains. Analysts polled by Bloomberg were expecting an average of 93 cents in earnings. The New York-based Apollo Global Management earned...
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The Blackstone Group L.P. (NYSE:BX) reported stronger-than-expected fourth quarter earnings on Thursday. The alternative investment giant’s earnings rose 43 percent from a year earlier to $670 million. Blackstone Group CEO, Stephen A. Schwarzman, said all the company’s business units showed gains for the quarter. For the full year, earnings grew 30 percent to $2 billion in 2012. The Blackstone Group L.P. (NYSE:BX) reports its quarterly profits as economic net income, which includes unrealized gains...
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In the fourth quarter, worldwide tablet shipments reached a record total of 52.5 million units as per the information gathered through the preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Tablet tracker. The demand for tablets shot by 75.3 percent year over year in the fourth quarter of 2012, an increase over 29.9 million units. The market expanded due to lower average selling prices (ASPs), variety of new product offerings and increased...
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Wells Fargo & Company (NYSE:WFC) is a San Francisco, California based financial services company with $1.3 trillion in assets. It was established in 1852 and currently is second largest bank in the United States by deposits and largest by branches. On an average, Well Fargo serves one in three houses in the U.S. It offers a broad range of financial products ranging from banking and insurance to mortgages and commercial finance. Wells Fargo & Company...
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Yahoo! Inc. (NASDAQ:YHOO) reported earnings of 32 cents per share after the market closed on Monday. The firm’s revenues for the last three months of 2012 came in at $1.21 billion. The earnings are seen as a barometer of the performance of the company’s new CEO Marissa Mayer. The market reacted well to the beat in expectations. shares in Yahoo! Inc. (NASDAQ:YHOO) rose by around 4% in early after market trading. Analysts had expected...
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Google Inc (NASDAQ:GOOG)’s stronger than expected fourth quarter earnings compelled over two dozen analysts to upgrade their price targets for the stock Wednesday. Analysts who raised questions about the company’s slow advertising growth a few months ago, are now saying that Google Inc (NASDAQ:GOOG) is well-positioned to generate more revenues from mobile ads in the future. The company posted $2.9 billion or $10.65 in earnings on revenues of $12.16 billion for the fourth quarter. Analysts...
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Intel Corporation (NASDAQ:INTC)’s fourth quarter results and first quarter outlook for 2013, which was largely anticipated, reflected the weak PC market. A research report from BAML, still gives a ‘buy’ rating to the stock, expecting its “2+ years in chip manufacturing to help in its transition to faster growth markets such as tablets, convertible tablet-Ultrabooks, smartphones and specialized foundry services.” The new markets, which are significantly more competitive, will witness a battle between Intel,...
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