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‘financial’ Stories

Carriers will now provide high bill alerts, says FCC

, Apr 18th 2013 Discuss [0]

The FCC has announced that ahead of yesterday's deadline, carriers have instituted an alert system that will give subscribers a heads up when they're nearing what will be a large bill. This follows many stories about unsuspecting consumers who have gone about their daily mobile usage, only to be faced with a massive bill at the end of the month for exceeding their limits. Read The Full Story

Google boasts $3.35 billion net income in Q1 2013 earnings

, Apr 18th 2013 Discuss [0]

Google is out with their first quarterly earnings report for 2013, and things are looking high and mighty for the Mountain View-based company. They ended up raking in a revenue of $14 billion during the three months, and ended up netting $3.35 billion. Compared to last year at this time, revenue is up a whopping 31%. Read The Full Story

Microsoft posts $20.5 billion revenue in Q3 2013 earnings

, Apr 18th 2013 Discuss [0]

Microsoft has just reported its fiscal Q3 2013 quarterly earnings, and things are looking adequate for the company, which reports a revenue of $20.5 billion for the quarter, with a net income of $6.06 billion. The company also posted an operating income of $7.61 billion, which is up from $6.37 billion during this time last year. Read The Full Story

Nokia reports $196 million loss in Q1 2013 earnings

, Apr 18th 2013 Discuss [0]

It seems that Nokia has returned to the land of unprofitability this past quarter, as the company as posted a loss of €150 million ($196 million), with a total revenue for the quarter reaching €5.85 billion ($7.65 billion), which is down from €7.35 billion ($9.6 billion) during the same time last year. Read The Full Story

Verizon boasts $4.8 billion profit in Q1 2013 results

, Apr 18th 2013 Discuss [0]

Verizon didn't do so hot during Q4 2012, but the company is back posting up their Q1 2013 results, and things are looking mighty good for the company. Verizon profited a whopping $4.8 billion during Q1 2013, and that's mostly thanks to the addition of 677,000 new subscribers throughout the quarter, with 7.2 million smartphone activations. Read The Full Story

Apple stock falls below $400 for first time since 2011

, Apr 17th 2013 Discuss [0]

Apple seems to be having some rough times stock-wise lately, as the company's stock fell below $400 today for the first time since December 2011. Specifically, the stock hit $398.11 earlier in the day, which is the lowest level that Apple's stock has been in a year and a half. The highest that the company's stock has ever been was in September 2012 when they surpassed $700. Read The Full Story

AAA: It costs $9,122 a year to own a car

, Apr 17th 2013 Discuss [0]

The price tag fixed to a car is only part of what you'll spend for the vehicle, with the sale being followed shortly by licensing fees and taxes. Beyond that, there's the cost associated with properly maintaining the vehicle and fixing the occassional problem that arises, and then there's the daily cost, primarily in the form of filling the tank up. Most of these costs were used in AAA's "Your Driving Costs" report, which pegs the yearly price of owning a car at $9,122. Read The Full Story

Yahoo publishes first-quarter 2013 financial data

, Apr 17th 2013 Discuss [0]

Yahoo has reported the results of 2013's first quarter, which came to an end on March 31. The numbers show a revenue of about $1.07 billion, a rate that Yahoo calls flat in comparison to the same quarter in 2012. Still, the company that has been struggling to regain its foothold has beat out expectations despite an 10-percent drop, pulling in $425 million in GAAP revenue. Read The Full Story

Facebook wants advertisers to pay $1m a day to display their video ads

, Apr 16th 2013 Discuss [0]

Facebook is gearing up to launch video ads on its network come this summer. The ads are expected to arrive in June or July, and Ad Age reports that there will be 4 slots, each slot costing around $1 million daily for advertisers to use. While Facebook has yet to decide on what video ad format it wants to use, sources have told Ad Age that Facebook has conferred with 3 executives about the new product. Read The Full Story

Intel reports $12.6 billion revenue in Q1 2013 earnings

, Apr 16th 2013 Discuss [0]

Intel just reported their quarterly earnings for Q1 2013, and while there's big money to be called out, things are down for the company compared to last quarter. Intel brought in a total revenue of $12.6 billion for the quarter, which is down 7% from $13.5 billion in Q4 2012. The company's biggest drop was their operating income, which took a 20% dive down to $2.5 billion for the quarter. Read The Full Story

MetroPCS encourages shareholders to vote for amended T-Mobile offer

, Apr 15th 2013 Discuss [0]

MetroPCS is once again encouraging its investors to vote in favor of its upcoming merger with T-Mobile, especially now that Deutsche Telekom has improved its offer terms. The improved terms reduces the amount of debt the merged companies would have to pay back by $3.8 billion. It also reduces the debt's interest rate by 0.5%. DK also promised that it won't be selling shares of the combined company for at least 1 year. Read The Full Story

Kodak reaches deal to sell Document Imaging business to Brother Industries

, Apr 15th 2013 Discuss [0]

Kodak has been attempting to sell many of its businesses in hopes of paying creditors back and emerging from bankruptcy. Today, it has entered into agreements to sell one of its businesses, its Document Imaging business, to Brother Industries, one of the leading global manufacturers of fax machines, sewing machines, as well as laser, label, and multi-function printers, for the price of $210 million. Read The Full Story
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