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Oracle sales miss forecasts, shares plunge

(Reuters) - Technology giant Oracle Corp's profit and sales missed Wall Street forecasts, sending its shares plunging 9 percent and raising concerns that a global economic slowdown will hurt tech spending.The company also posted an unexpected sequential decline in the revenue ...

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Government, AT&T ask judge to stay merger fight

WASHINGTON (Reuters) - The Justice Department and AT&T asked the judge hearing a lawsuit aimed at stopping the telecommunications giant from buying T-Mobile USA to stay the court fight on Monday, another blow to an already troubled deal.The two companies gave ...

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American Eagle names Levi's exec CEO

(Reuters) - Teen apparel retailer American Eagle Outfitters Inc on Tuesday named Levi Strauss executive Robert Hanson as chief executive, replacing Jim O'Donnell, who is retiring.Hanson, 48, had been global president of the Levi's brand.O'Donnell announced his decision ...

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Apple names Levinson chair; Disney CEO joins board

(Reuters) - Apple Inc named long-serving director Arthur Levinson chairman of its board, filling a seat vacated by co-founder Steve Jobs, who died in October after a years-long struggle with cancer.Walt Disney Co CEO Bob Iger, who had a strong relationship with ...

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Dell revenue slightly lower than Street view

(Reuters) - Dell Inc reported revenue that was slightly lower than Wall Street expectations, hurt by lower sales to consumers.The world's No. 3 maker of personal computers said revenue in its fiscal third quarter was essentially flat at $15.36 billion ...

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Online coupon company WhaleShark raises $150 million

(Reuters) - Online coupon company WhaleShark Media has raised $150 million in financing from JP Morgan and Institutional Venture Partners.The new shot of cash brings the company's total funding to almost $300 million and values it at roughly $750 million, according ...

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Cisco Q1 earnings beat Street

(Reuters) - Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings per share that beat estimates, signaling that efforts to revive growth are beginning to pay off.The company on Wednesday reported adjusted earnings of 43 cents per share ...

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Las Vegas Sands revenue beats Street view

(Reuters) - Las Vegas Sands Corp , the world's largest casino operator, posted a better-than-expected 26 percent rise in revenue, driven by its Macau and Singapore operations.The company run by billionaire Sheldon Adelson, which derives the bulk of its income from Asia ...

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KFC Parent Yum Meets Profit Forecast

KFC parent Yum Brands Inc reported a quarterly profit that met Wall Street's expectations, helped by another quarter of strong sales in China.....

FOX Business |

LinkedIn 2Q Results Beat Expectations

LinkedIn booked a surprise profit after quarterly revenue more than doubled, as the professional networking site sets off to prove it can fulfill...

FOX Business |