Archive for October 18th, 2007

“Halo 3″ drives September United States video game sales

Thursday, October 18th, 2007

SAN FRANCISCO - United States sales of video game hardware and software jumped 75 percent in September, driven by Microsoft Corp’s “Halo 3″ and Nintendo Co Ltd’s Wii console.

Google quarterly profit jumps 46 pct, costs capped

Thursday, October 18th, 2007

SAN FRANCISCO - Web search leader Google Inc reported on Thursday a 46 percent rise in profit that topped analysts’ expectations, as revenues grew 57 percent and comfortably outpaced expense growth, reassuring investors.

Market finishes flat as tech offsets banks

Thursday, October 18th, 2007

NEW YORK - United States stocks were little changed on Thursday, as optimism about technology profits helped cancel out worries about how much the credit crunch has hurt the economy, after disappointing earnings from Bank of America.

BP plans layoffs, transfers at Chicago-area offices

Thursday, October 18th, 2007

NEW YORK - Oil major BP Plc told its 3,300 office workers in the suburbs of Chicago on Thursday that many staff will be relocated to Houston while others may be laid off, a BP spokesman has said.

Capital One posts third quarter net loss

Thursday, October 18th, 2007

NEW YORK - Capital One Financial Corp , a credit card issuer and banking company, posted a third quarter net loss, hurt by charges from shuttering its GreenPoint Mortgage business.

Microsoft plans smaller deals, ‘independent’ path

Thursday, October 18th, 2007

SAN FRANCISCO - Microsoft Corp Chief Executive Steve Ballmer has said on Thursday the company aims to pursue an independent path, focusing on up to 20 smaller acquisitions of $50 million to $1 billion each annually rather than mega-deals.

CBOE 3rd-qtr income soars

Thursday, October 18th, 2007

CHICAGO - The Chicago Board Options swap, the largegest United States options market, has said on Thursday that third-quarter profit more than doubled, helped by a rise in record trading volume and new product offerings.

Google quarterly profit swells 46 percent

Thursday, October 18th, 2007

SAN FRANCISCO - Web search leader Google Inc reported on Thursday a 46 percent rise in profit that topped Wall Street expectations, fueled by accelerating market share gains and tighter cost controls.