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Thursday, April 24, 2014

Daily Investor Briefing: Microsoft beats Wall Street profit...

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04/24/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Microsoft beats Wall Street profit estimate
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal third-quarter profit fell slightly as sales of personal computers continued to slide, hurting its consumer business, but it still managed to beat Wall Street's pessimistic forecasts.
Amazon posts higher-than-expected first-quarter revenue
SAN FRANCISCO (Reuters) - Amazon.com Inc reported a 32-percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent.
Apple lifts S&P 500, Nasdaq; Dow ends flat
NEW YORK (Reuters) - U.S. stocks ended mostly higher in a choppy session on Thursday, powered by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine limited gains.
Visa's quarterly profit rises 26 percent
(Reuters) - Visa Inc , the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network.
Apple, Google agree to settle lawsuit alleging hiring conspiracy
SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin.
Strong durable goods orders buoy growth outlook
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter.
Alstom shares jump on report of $13 billion GE bid
PARIS (Reuters) - Shares of Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.
GM posts lower profit after recall; outlook for rest of year trimmed
DETROIT (Reuters) - General Motors Co's first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trimmed.
Trend-setter Apple's stock split could bring out the copycats
NEW YORK (Reuters) - Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street.
GM says facing multiple probes into recent recalls
WASHINGTON (Reuters) - General Motors is facing five different government probes in connection with its recent recalls, the automaker said in a regulatory filing on Thursday.
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