SAN FRANCISCO - EBay Inc has said on Wednesday it had a strong quarterly performance in auctions, masked by a large net loss due to a write-down, and that its full-year earnings would be at the top end of expectations.
NEW YORK - Boston Scientific Corp has said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.
NEW YORK - The Securities and swap Commission has opened an informal probe into stock sales by Countrywide Financial Corp Chief Executive Angelo Mozilo, the Wall Street Journal has said on Wednesday.
SAN FRANCISCO - Rupert Murdoch, hailed as the smartest media executive when he bought MySpace, now faces questions over his next move in the digital world as the social network tries to fend off growing rival Facebook.
SAN FRANCISCO - EBay Inc on Wednesday posted a sharp net loss due to a $1.39 billion writedown on the purchase of Web-based phone service Skype, but has said it could meet Wall Street’s most bullish full-year forecasts.
NEW YORK - Allstate Corp on Wednesday reported third-quarter net that missed analysts’ estimates, hurt by higher catastrophe losses from hail and wind storms.
NEW YORK - The Nasdaq index rose 1 percent on Wednesday, propelled higher on enthusiasm about the outlook for technology profits after strong results from bellwether companies Intel Corp and Yahoo Inc.