Comcast revs beats Street; records big boost in video customers
NEW YORK Comcast Corp posted better-than-expected fourth-quarter revenue and added the most video customers in any quarter in eight years, even as viewers gravitate toward online offerings.The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider said on Wednesday it also raised its annual dividend by 10 percent to $1.10 per share and earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program.Shares of Comcast were up 2.4 percent to $55.88 in morning..>> view originalCEO Marissa Mayer gets a chance to make one last stand at the less-than-OK Yahoo Corral
CEO Marissa Mayer’s efforts to save Yahoo (YHOO) are almost assuredly doomed. That was as true from the start of her tenure as it is now. But for the moment, it appears Mayer may have been underestimated by many of her critics on Wall Street and in Silicon Valley. The pressure from external investors leading up to the earnings call yesterday seemed to be building toward an announcement of an outright sale of the company’s business. And there were apparently many on the board who felt the same, ..>> view originalMichael Kors Holdings Ltd (NYSE:KORS) announced its financial results for the fiscal 2016 third quarter
Retail net sales increased 11.1% to $766.2 million driven primarily by e-commerce sales from the Company's digital flagships and 114 net new store openings since the end of the third quarter of fiscal 2015. Comparable store sales decreased 0.9%.>> view originalChina Sets 6.5% to 7% Growth Target, First Range Since 1990s
China set a range for its economic growth target for the first time in two decades, saying the world’s second-largest economy would expand 6.5 percent to 7 percent this year, slower than last year’s goal of about 7 percent.While downward pressure on the economy is “relatively big” in the first quarter, China can meet the goal, National Development and Reform Commission Chairman Xu Shaoshi said Wednesday at a briefing in Beijing. The country also plans to take steps to curb excess industrial cap..>> view originalToyota kills ailing Scion brand
The Scion C-HR concept car is presented at the 2015 Los Angeles Auto Show(Photo: Getty Images)Toyota confirmed on Wednesday that it has killed its ailing Scion brand, which was spun off as a separate lineup of vehicles in 2003 but slumped in recent years after critical flops and slumping car sales.The brand's vehicles will be re-badged as Toyota models beginning with the 2017 model-year.“This isn’t a step backward for Scion; it’s a leap forward for Toyota," Toyota North America CEO Jim Lentz sai..>> view originalThese Companies Have the Absolute Best Employee Perks
Four out of five workers today would actually prefer better benefits to a raise, and perks are a top consideration for almost 60% of job seekers. As the labor market improves, companies — especially in fields like technology where competition for workers is growing — are recognizing that these are top priorities for employees and are stepping up their game accordingly. Workers say that the most important benefits are still the basics, according to employer review and job search site Glassdoor...>> view originalWall St. turns negative after weak services data
U.S. stocks gave up early gains and turned negative on Wednesday after data showed that the economy's service sector expanded at a slower-than-expected rate, raising concerns that weakness in manufacturing is spreading to other sectors.The Institute for Supply Management (ISM) said its index of non-manufacturing activity fell to 53.5 in January from 55.8 in December. The reading was below expectations of 55.1.Falling oil prices, tepid U.S. growth and fears regarding a China-led global slowdown..>> view originalMeet Mark Zuckerberg, the World's Fourth Richest Man
By David Ramos/Getty Images.A young man has an idea in his college dorm room. He drops out of Harvard to focus full time on building that dream. In less than a decade, that spirals into the world’s biggest social network, and the company goes public. A few years later, soon after the man enters his third decade, the idea becomes the fourth-most-valuable company in the world, and that man becomes the fourth richest. It’s the new American dream, and for Mark Zuckerberg, millennial dad, it’s a new..>> view originalUPDATE 1-Scientists' path to usable Zika vaccine strewn with hurdles
LONDON The world is once again asking scientists and drugmakers to come up rapidly with a vaccine for a viral disease that, in the latest case, few people had heard of until a few weeks ago, and even fewer feared.Making a shot to generate an immune response against Zika virus, which is sweeping through the Americas, shouldn't be too hard in theory. However, producing a safe, effective and deliverable product to protect women and girls who are at risk is not easy in practice.For a start, scient..>> view originalSyngenta Board Seeks Approval of ChemChina's $43 Billion Offer
Continue reading the main story Video Syngenta Chairman on ChemChina Deal Michel DemarĂ©, chairman of one of the world's biggest manufacturers of agriculture chemicals and seeds, defended the deal ahead of a possible political storm. By CNBC on Publish Date February 3, 2016. Photo by Michael Buholzer/Agence France-Presse — Gett..>> view original
Wednesday, February 3, 2016
Comcast revs beats Street; records big boost in video customers and other top stories.
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