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Large charges sink earnings at pharma giant J&J
Jul 17th, 2012
Second quarter earnings fell by half to $1.41 billion at pharmaceuticals giant Johnson & Johnson after it took more than $2.0 billion in special charges and writeoffs, the company said Tuesday. (Source: AFP) -
BEIRUT (AP) - Activists are reporting the heaviest fighting in months in the northern Syrian city of Aleppo. (Source: Associated Press)... [Full Article]
LONDON (Reuters) - Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest rates. Hayes, 33, was arrested by police and the Serious Fraud Office last December as part of an inquiry stretching from the U.S.... [Full Article]
TORONTO (Reuters) - BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre Ferragu said he expected disappointing results from the smartphone maker, other analysts hav... [Full Article]
MUMBAI (Reuters) - Sun Pharmaceutical Industries shares rose more than 3 percent on Wednesday after it reported net profit rose more than expected and after management guided for robust sales growth in FY14. The Mumbai-based company said consolidated net profit rose 23 percent to 10.12 billion rupees for the January-March quarter. The company also ... [Full Article]
May was a big month for big tech as sales of Samsung's Galaxy S4 kicked into high gear, Google held its annual I/O conference and Microsoft finally took the wraps off of its next-generation Xbox One video game console. Last month was big indeed, but June is shaping up to be even bigger. Computex kicked off on Monday and we're already seeing a flood... [Full Article]