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Granada Group, which won control of leading British hotelier Forte 10 months ago, on Wednesday reaped the fruits of its victory when it posted a 37 percent rise in annual profits to 480 million pounds ($806 million).
Media and leisure group Granada said that it was on target to keep a promise made in the heat of the ta... | 21 |
A $22 billion deal between British Telecom and MCI Communications Corp. that would create the world's second largest telecoms group looked set to be announced Sunday, sources close to the talks said.
BT said it had scheduled a news conference for 8 a.m. EST Sunday at its Central London headquarters following an earlier... | 21 |
Glasgow-based Stakis Plc and Saudi billionaire Prince al-Waleed bin Talal are the likely purchasers of the Metropole and Princess hotel chains from Lonrho Plc, analysts said on Wednesday.
British conglomerate Lonrho, in the throes of a demerger, said last month it had received interest from potential buyers of the hote... | 21 |
Shares in British Sky Broadcasting (BSkyB) rose strongly on Monday after the pay television operator cleared a key regulatory hurdle and amid reports it planned to push ahead and launch digital services in Britain next year.
BSkyB shares added 19p to 495-1/2p by early afternoon, reversing a downward pattern which has s... | 21 |
A $22 billion takeover of MCI Communciations Corp would mark a spectacular end to Sir Peter Bonfield's first year as chief executive of British Telecommunications Plc.
BT was this weekend locked in talks with MCI, the second largest U.S. long-distance phone company, about buying the 80 percent of MCI it does not own.
T... | 21 |
British media and leisure firm Pearson, awaiting the arrival of a new chief executive, enjoyed a stock market rally on Wednesday after a trading statement which analysts said contained no nasty surprises.
Pearson shares had gained 25p to 714 1/2p by 1300 GMT as a steady trading statement confounded the pessimists who h... | 21 |
A $22 billion deal between British Telecom Plc and MCI Communications Corp that would create the world's second largest telecoms group looked set to be announced on Sunday, sources close to the talks said.
BT said it had scheduled a news conference for 1300 GMT on Sunday at its Central London headquarters following an ... | 21 |
Merchant banking and Madame Tussaud's could be deemed surplus to requirements as a new management team at Britain's Pearson Plc mould a media company for the next millennium, analysts said on Wednesday.
The Pearson empire contains prize brands such as the Financial Times newspaper and Penguin books but Marjorie Scardin... | 21 |
Britain's Ladbroke Group and the U.S. Hilton Hotels Corp (HHC) on Thursday unveiled an alliance to reunite the famous Hilton hotel brand around the world for the first time since 1964.
"We have been separated but now our companies are engaged," said Steve Bollenbach, HHC's chief executive officer.
"This will make Hilto... | 21 |
United News & Media on Tuesday emerged with the winning hand after a lengthy poker game over the future of international exhibitions group Blenheim.
United, which has interests in British national newspapers and commercial television, trumped its rivals with an agreed offer valuing Blenheim at 592.5 million pounds ... | 21 |
Britain's Granada Group, which won control of hotel and catering empire Forte in January, Wednesday reported a 37 percent surge in full-year profits to 480 million pounds ($804 million).
The media and leisure group said that it would deliver on its promise to improve profits at Forte by over 100 million pounds ($167.5 ... | 21 |
British mobile telephone company Cellnet on Friday reported strong growth in its customer numbers, confirming the British cellular market is healthy, already indicated by figures from rival Vodafone Group.
Cellnet, jointly owned by British Telecom and Securicor Group, said it had 2.68 million UK customers at the end of... | 21 |
Executives from British Telecom Plc and MCI Communications Corp were on Saturday attempting to stitch together a $22 billion merger that would turn BT into the world's second largest telecoms group.
MCI, the number two U.S. long-distance phone company, sent shock waves through the global communications industry on Frid... | 21 |
Britain's commercial television watchdog on Thursday invited applications to run terrestrial frequencies which will multiply the number of channels available to viewers in the new digital age.
"This is a very important day for UK viewers...as many as 35 or 36 channels could be available on digital terrestrial televisio... | 21 |
Premier League Sunderland, one of the great names in the history of English soccer, said on Thursday that they hoped to raise up to 12 million pounds ($20 million) through a flotation on the London Stock Exchange.
The north-east club, which won the league title for the sixth and last time in 1936, joins a growing numbe... | 21 |
Investors on both sides of the Atlantic applauded the planned $20 billion merger of British Telecom Plc and MCI Communications of the United States Monday, boosting their shares in stock market trading.
British, European and U.S. regulators will subject the deal to close scrutiny amid strong opposition to it from rival... | 21 |
Wembley, England's home of soccer since the 1920s, will be the site of a new national stadium, the country's Sports Council announced on Tuesday.
The government-backed Council selected the north London venue ahead of the northern city of Manchester as the preferred location. Some 120 million pounds ($200 million) in Na... | 21 |
Shares in English premier league soccer club Sunderland Plc got strong support on their market debut on Tuesday, trading up to 740 pence to score a 25 percent premium to the offer price of 585p.
The traditional combination of solid defence and star striker is no longer enough to gain success in English soccer and Sunde... | 21 |
The $22 billion takeover of MCI Communications Corp marks a spectacular end to Sir Peter Bonfield's first year as chief executive of British Telecommunications Plc.
BT and MCI, the second largest U.S. long-distance phone company, confirmed on Sunday that BT would buy the 80 percent of MCI it does not own.
The deal, if ... | 21 |
Marjorie Scardino, set to become Pearson chief executive in January, rejects the tag of company insider and has vowed to carry out radical change at the British media firm "if needed".
Selecting an American woman to head a top British company was certain to raise a few eyebrows in the City of London. But initial doubts... | 21 |
English football champions Manchester United extended their outstanding recent stock market form on Monday as renewed bid speculation sent the share price soaring by over 10 percent for the second straight session.
The latest gains were by a weekend report in the Sunday Express that American Mark McCormack's IMG market... | 21 |
The planned $20 billion merger of British Telecom and MCI is certain to shake up the global telephone business, officials and analysts said Monday, as regulators started digging in for a close look at the deal.
British Telecommunications Plc and MCI Communications Corp. on Sunday announced the largest trans-Atlantic ta... | 21 |
Shares in EMI Plc, one of the world's five music majors, climbed on Tuesday after the company said that long-term prospects for the stuttering global music market were positive.
EMI, which demerged from rentals company Thorn Plc three months ago, said profit before tax and exceptional items rose 9.4 percent to 112.5 mi... | 21 |
Shares in English soccer champions Manchester United powered to record highs on Friday after the club's chief executive said the club was a likely bid target.
"Any successful company is an attractive takeover prospect. People are going to look at it, so it could well be the subject of more takeover proposals," chief ex... | 21 |
Shares in British media and leisure firm Pearson Plc recovered on Wednesday following a trading statement which calmed market jitters about the outlook for the company.
Pearson had dipped to a two-month low on Tuesday but bounced back after the company said trading in the second half of the current year was in line wit... | 21 |
United News & Media on Tuesday secured victory in a battle for control of international exhibitions group Blenheim with an agreed offer valuing the company at 592.5 million pounds ($935 million).
The deal will create the world's largest trade exhibition group with a turnover of more than 500 million pounds, based o... | 21 |
Shares in Pearson Plc fell on Thursday as the stock market gave an initial thumbs-down to the appointment of an American woman publishing executive as chief executive of the British media group.
Marjorie Scardino, 49, chief executive of The Economist Group that is half owned by Pearson -- which publishes the Financial ... | 21 |
Britons will shortly learn how much they will be asked to pay to help fund the expansion of British Broadcasting Corporation (BBC) radio and television services in the multi-channel future.
The BBC has been lobbying the government to grant it an above-inflation increase in the annual licence fee, arguing that more mone... | 21 |
The purchase of British TV group Westcountry Television by Carlton Communications Plc slots another piece into the ITV jigsaw but analysts said on Monday it could be some time before the picture is complete.
"Westcountry was one which was on the table and Carlton have done well to snatch it but I am not convinced that ... | 21 |
Britons will shortly learn how much they will be asked to pay to help fund the expansion of British Broadcasting Corporation (BBC) radio and television services in the multi-channel future.
The BBC has been lobbying the government to grant it an above-inflation increase in the annual licence fee, arguing that more mone... | 21 |
Shares in Pearson Plc slipped on Thursday as the stock market reacted negatively to the appointment of a relatively little-known insider as chief executive of the British media group.
Marjorie Scardino, currently chief executive of The Economist Group that is half owned by Pearson, will succeed Frank Barlow as chief ex... | 21 |
British media company Carlton Communications Plc, boosted by a 20 percent annual profit rise, said on Wednesday that it planned a drive into pay television.
Carlton, the country's largest commercial television (ITV) company, said it aimed to build on its broadcasting strengths in the multi-channel future.
"We want to b... | 21 |
Satellite broadcaster BSkyB, the dominant force in British pay television, on Tuesday reported a 66 percent rise in full-year profit to 257.4 million pounds ($398.1 million).
Annual turnover climbed to more than one billion pounds as the number of subscribers in Britain and Ireland rose to 5.5 million for BSkyB, in whi... | 21 |
Britain's Ladbroke Group. and the U.S. Hilton Hotels Corp (HHC) on Thursday announced a worldwide alliance that will reunite the famous Hilton hotel brand after 32 years of separation.
HHC owns the Hilton name in the United States while Ladbroke holds the rights everywhere else through its Hilton International (HIC) su... | 21 |
Britain's Granada Group, which won control of hotel and catering empire Forte in January, on Wednesday reported a 37 percent surge in full-year profits to 480 million pounds ($804 million).
The media and leisure group said that it would deliver on its promise to improve profits at Forte by over 100 million pounds per a... | 21 |
Britain's commercial television watchdog on Thursday invited applications to run terrestrial frequencies which will multiply the number of channels available to viewers in the new digital age.
"This is a very important day for U.K. viewers...as many as 35 or 36 channels could be available on digital terrestrial televis... | 21 |
British pay television operator BSkyB said on Friday that it was considering further investment in Germany and would beam its second pay-per-view sports event into Britain later this month.
The satellite broadcaster said pre-tax profit had risen by 31 percent to 66 million pounds ($107.5 million) in the three months to... | 21 |
United News & Media on Tuesday secured victory in a battle for control of international exhibitions group Blenheim with an agreed offer valuing the company at 592.5 million pounds ($935 million).
The deal will create the world's largest trade exhibition group with a turnover of more than 500 million pounds, based o... | 21 |
Tottenham Hotspur chairman Alan Sugar said on Thursday that English soccer clubs could face financial ruin if they follow the example of big spenders such as Newcastle United.
Sugar was speaking after Premier League club Tottenham posted a record pre-exceptional profit of 10.2 million pounds ($16 million) for the 14 mo... | 21 |
Political opposition to the BBC's call for more public funding lent added urgency on Monday to joint venture talks between the corporation and two rival pay television groups.
The two rivals for the BBC's hand are U.S.-controlled cable and satellite programmer Flextech and satellite broadcaster BSkyB, in which Rupert M... | 21 |
The head of British public television broadcaster Channel 4 urged the government on Monday to reject moves to privatise the service.
Channel 4 chief executive Michael Grade said that privatisation was "on the political agenda" and called on the government to "dispel this nonsense".
"The board of Channel 4 is going to f... | 21 |
Shares in Britain's newly-demerged EMI Group Plc rose on Tuesday as the stock market applauded the company's resilience to tougher conditions in the music market.
EMI, which split from rentals company Thorn Plc three months ago, said profit before tax and exceptional items rose nine percent to 112.5 million pounds ($18... | 21 |
French radio group NRJ SA is aiming to break into the UK market by winning the fierce battle for a key London FM licence currently up for grabs.
NRJ, a group which has some 500 stations spread across six European nations, has focused its attention on the capital's youth, who it says are poorly served by existing statio... | 21 |
British media company EMAP said on Monday it expected to bring a damaging boardroom row to a swift conclusion and build on a strong first-half profit performance.
Finance director David Grigson told Reuters that he believed that an extraordinary general meeting next month would resolve the boardroom battle that has und... | 21 |
The director-general of the BBC called on Friday for an increase in the British television licence fee to protect what he said was "the most successful cultural institution in the world".
Speaking at the Edinburgh International Television Festival, John Birt said the fee -- payable by all television set owners -- had f... | 21 |
The Office of Fair Trading (OFT) on Thursday launched a probe into the way travel companies sell foreign package holidays to millions of sun-seeking Britons.
The director-general of the consumer watchdog body, John Bridgeman, called a Monopolies and Mergers (MMC) inquiry into ownership links between leading tour operat... | 21 |
Shares in Premier Farnell dipped on Monday after the newly enlarged electronic components distributor posted half-year profits slightly below expectations.
Premier Farnell was created in April when Britain's Farnell Electronics completed a $2.8 billion takeover of America's Premier Industrial Corp -- a company twice it... | 21 |
British-based exhibitions group Blenheim is seen as an ideal fit with rumoured suitor United News & Media, share analysts said on Monday.
United News & Media and Anglo-Dutch group Reed Elsevier have long been seen as rivals for the hand of Blenheim. However, industry sources said Reed was thought to be out of t... | 21 |
British National Lottery operator Camelot LOTT.CN on Tuesday posted lower interim profits as income from scratchcard sales fell by over 450 million pounds ($750 million).
Camelot chief executive Tim Holley also told Reuters that the planned second weekly National Lottery draw would be launched on February 5 and be hel... | 21 |
British media group EMAP Plc on Monday ended a damaging boardroom row when its shareholders voted to oust two rebel non-executive directors, who had contested changes to the company's articles.
Shareholders backed the board and voted overwhelmingly in favour of resolutions seeking the removal of dissidents Ken Simmonds... | 21 |
Be Inc., a private software company which Apple Computer Inc. is eyeing as a possible acquisition target, will announce Tuesday that it will license software to an Apple rival, Be executives said.
Be will license its BeOS operating system -- a type of programme that controls the basic functions of a computer -- to Powe... | 25 |
At this year's Comdex computer trade show, the most sought-after people are not Microsoft Corp.'s Bill Gates or Intel Corp.'s Andy Grove, but corporate computer buyers.
Personal computer makers and software vendors are relying heavily on their corporate customers this year to make up for disappointing sales to consumer... | 25 |
Apple Computer Inc executives on Thursday showcased products and technology geared toward business computer users, reaffirming its committment to corporate markets.
Apple Chief Operating Officer Marco Landi, in a speech at at a software trade show, also said Apple will put much of its resources into making the Macintos... | 25 |
Internet search firm Yahoo! Inc. Wednesday reported a smaller-than expected third quarter loss, reflecting sharply higher revenues from Internet advertising.
The Santa Clara, Calif.-based company reported a loss of $1.2 million, or 4 cents a share, for the quarter ended in September compared with a loss of $371,000, or... | 25 |
Most U.S. software publishers are expected to report only modest increases in their third-quarter earnings, reflecting a seasonal slowdown and a lack of new products this quarter.
"For the behemoths of the industry, like Microsoft (Corp) and Oracle (Corp ), business is still good," said Marshall Senk, an analyst at Rob... | 25 |
Database software company Informix Corp. said Friday it filed a lawsuit against Oracle Corp., accusing its bigger rival of stealing trade secrets by hiring away its employees.
Oracle hired 11 Informix employees from Informix's Portland, Ore., research and development centre. All 11 workers quit on Wednesday morning, sa... | 25 |
Apple Computer Inc. will unveil Monday a new family of portable PowerBook computers to fill a critical gap in its product line.
The new PowerBook 1400 family, scheduled to be sold in mid-November with prices starting at $2,500, will feature a built-in CD-ROM drive and a bigger screen. The models are designed to appeal ... | 25 |
Apple Computer Inc. Wednesday reported a $120 million loss in the first quarter of fiscal 1997 and warned investors it did not expect to return to profitability until September.
The troubled computer maker attributed the loss to slow sales of its its consumer-oriented Performa desktop computers during the normally robu... | 25 |
Apple Computer Inc. Friday agreed to acquire NeXT Software Inc. for $400 million, a stunning move that reunites the computer company with its co-founder, Steven Jobs.
The acquisition will give Apple the software technology it needs to revamp the Macintosh personal computer, which has lost much of its technological lust... | 25 |
Apple Computer Inc.'s expected loss of $100 to $150 million in its fiscal first quarter is a serious setback to the company's unfolding comeback plan, industry analysts said on Saturday.
Apple was banking on a strong Christmas season this year to convince potential customers there are still plenty of people using the M... | 25 |
A motto of Bill Gates, chairman of Microsoft Corp., has been: "A computer on every desk running Microsoft software."
With that goal almost accomplished, Microsoft executives have set their sights on other flat surfaces, such as the kitchen counter, the living room's entertainment console and the back of airline seats.
... | 25 |
Bay Networks Inc., keeping up with rivals in the computer networking business, said Wednesday it paid $99 million in cash and stock to buy closely held NetICs Inc.
The acquisition gives Bay Networks a line of devices called Fast Ethernet switches that are becoming increasingly popular with computer technicians for spee... | 25 |
Apple Computer Inc. stunned investors Wednesday by reporting an unexpected $25 million fourth quarter profit, stemming a year of management turmoil and swelling red ink.
The Cupertino, Calif.-based computer maker, which had been expected to report a loss of 30 cents a share, posted a profit of 20 cents a share for the ... | 25 |
Macromedia Inc. shares plunged to a two-year low Friday after the software company reported an unexpected third-quarter loss and said it could face weak sales for another quarter.
Some analysts said they also were concerned that Apple Computer Inc.'s declining sales could hurt Macromedia's revenue from sale of software... | 25 |
Microsoft Corp said on Monday it had sent the final version of Office 97 -- a product that is expected to be its biggest revenue generator in 1997 -- to factories and will have it in stores within weeks.
The product, a package of Microsoft's top-selling business programs, is Microsoft's biggest new product since the re... | 25 |
Apple Computer Inc.'s unexpected fourth quarter profit initially impressed Wall Street, but some analysts said Thursday that the computer maker was not out of the woods yet.
Apple on Wednesday reported a profit of $25 million for its fiscal fourth quarter, defying Wall Street's expectations for a loss. But analysts sai... | 25 |
Apple Computer Inc. said Thursday it will cut U.S. prices of its Power Macintosh personal computers by as much as 30 percent to make the machines more competitive with those from rival PC makers.
The price cuts are part of Apple's effort to make its machines as attractive as so-called Wintel PCs -- machines based on In... | 25 |
Synopsys Inc. said Thursday it agreed to buy Epic Design Technology Inc. for about $428.1 million in stock to gain expertise in a hot niche of the semiconductor design business.
Synopsys, which writes software to help engineers design computer chips, said it will issue 0.7485 of its shares for each of Epic's 13.7 milli... | 25 |
Apple Computer Inc. Wednesday reported a $120 million loss in its fiscal first quarter and warned investors it did not expect to report a profit until September.
The troubled computer maker, based in Cupertino, Calif., also said it expected revenue for the current fiscal year, which ends next September, to drop about 1... | 25 |
When Apple Computer Inc. fired co-founder Steven Jobs in 1985, Apple employees did not know whether to cry or to rejoice.
Through the early 1980s, Jobs had inspired Apple engineers to create a computer called the Macintosh which would change the world. At the same time, though, Jobs and his mercurial temper burned out ... | 25 |
Apple Computer Inc. ( stunned investors Wednesday by reporting an unexpected $25 million profit for the last three months of its fiscal year.
The Cupertino, Calif.-based computer maker, which had been expected to report a loss of 30 cents a share, posted a profit of 20 cents a share, its first quarterly profit this yea... | 25 |
Microsoft Corp. Monday will unveil a set of software technologies that lets programmers more easily create software for sharing information through corporate and public computer networks.
Microsoft executives, including Chairman Bill Gates, also will discuss at an event in Los Angeles development plans for the company'... | 25 |
Apple Computer Inc is expected to report on Wednesday that it had a loss in its fiscal fourth quarter ended in September amid declining sales of its Macintosh computers, but a turnaround may be at hand.
Apple's management is likely to tell investors that the beleagured company is getting closer to resuming profitabilit... | 25 |
Apple Computer Inc. Chairman Gilbert Amelio said Tuesday the computer maker's three-year turnaround plan was still on track despite its statement last week that it will report a first-quarter operating loss of as much as $150 million.
Amelio, speaking to thousands of Macintosh computer enthusiasts at the MacWorld trade... | 25 |
Macromedia Inc. shares plunged to a two-year low Friday after the software company reported an unexpected third-quarter loss and said it could face weak sales for another quarter.
Some analysts said they also were concerned that Apple Computer Inc.'s declining sales could hurt Macromedia's revenue from sale of software... | 25 |
Apple Computer Inc. said Tuesday it plans to to work with a restaurant operator to open cybercafes in the United States and Europe starting late next year.
The third-biggest maker of personal computers licensed its name and famous half-eaten apple logo to London-based Mega Bytes International BVI, a developer of theme ... | 25 |
The stock of Vantive Corp. plunged as much as 24 percent Friday after the software company said it expects slowing revenue growth in the next two quarters because of a shortage of sales staff.
The warning came one day after the company reported better than expected third-quarter earnings.
Vantive, based in Santa Clara,... | 25 |
Synopsys Inc. said Thursday it agreed to buy Epic Design Technology Inc. for about $428.1 million in stock to gain expertise in a hot niche of the semiconductor design business.
Synopsys, which writes software to help engineers design computer chips, said it will issue 0.7485 of its shares for each of Epic's 13.7 milli... | 25 |
Tandem Computer Inc on Wednesday will become the latest maker of high-end, proprietary computers to introduce a line of machines based on personal computer technology.
Tandem, which specializes in making transaction-processing computers for banks and stock exchanges, said it will unveil a line of servers based on Intel... | 25 |
A warning about weak Christmas sales from personal computer retailer CompUSA Inc. Thursday raised concerns that the entire computer industry may have a weak fourth quarter, sending PC stocks lower.
CompUSA, tradionally one of the healthier PC retailers, said it expected a disappointingly small rise in sales in the four... | 25 |
The lean times for the video game software industry appear to be over.
Three of the largest game developers on Thursday reported results for the crucial December quarter that were better than Wall Street expected.
Electronic Arts Inc., Activision Inc. and Spectrum Holobyte Inc. said strong sales of games for personal c... | 25 |
Apple Computer Inc.'s rehiring of company co-founder Steve Jobs and purchase of NeXT Software Inc. will give it a much-needed operating system, but analysts warned Monday the deal might not be enough to boost the computer maker's market share or bottom line.
"(The move) has a lot of PR value, but it looks to me that th... | 25 |
Apple Computer Inc. Wednesday reported a $120 million loss in the first quarter of fiscal 1997 and warned investors it did not expect to return to profitability until September.
The troubled computer maker attributed the loss to slow sales of its its consumer-oriented Performa desktop computers during the normally robu... | 25 |
Intuit Inc., Microsoft Corp. and Checkfree Corp. said Thursday they jointly developed a software standard to make it easier to bank online.
The companies said their Open Financial Exchange -- a set of technical specifications -- will make it easier for depositors' personal computers to communicate with bank computers. ... | 25 |
Database software company Informix Corp. said Friday it filed a lawsuit against Oracle Corp. accusing its bigger rival of stealing trade secrets by hiring away its employees.
Oracle hired 11 Informix research and development employees from Informix's Portland, Ore., research and development centre. All 11 workers quit ... | 25 |
At this year's Comdex computer trade show, the most sought-after people are not Microsoft Corp.'s Bill Gates or Intel Corp.'s Andy Grove, but corporate computer buyers.
Personal computer makers and software vendors are relying heavily on their corporate customers this year to make up for disappointing sales to consumer... | 25 |
Apple Computer Inc. Chairman Gilbert Amelio will outline a long-awaited plan Tuesday to revamp the Macintosh personal computer with the help of recently acquired Next Software Inc.
At the Macworld trade show here next week, Apple and dozens of other vendors also will unveil new products that could help boost the Macint... | 25 |
Novell Inc. said Tuesday it will license one of its key technologies to other software companies in a move to expand its sources of revenue.
Novell, which publishes computer networking programmes, wants to establish the technology, Novell Directory Services, as a software foundation for letting people easily find other... | 25 |
Novell Inc. said Tuesday it will license one of its key technologies to other software companies in a move to expand its sources of revenue.
Novell, which publishes computer networking programs, wants to establish the technology, Novell Directory Services, as a software foundation for letting people easily find others ... | 25 |
This year's Comdex, the world's most influential computer trade show, will be the showcase for some unusual computers, including machines the size of paperback books.
A host of companies will introduce second-generation handheld computers, about the size of paperbacks, which can do much of the work their desktop counte... | 25 |
Apple Computer Inc., struggling to remain the teacher's pet among computer makers, is turning a modified version of its handheld Newton organizer into an inexpensive portable computer for students.
The computer maker on Monday will unveil the Apple eMate 300, an $800 machine that looks like a grown-up's laptop with a k... | 25 |
Intuit Inc. shares jumped 24 percent Wednesday amid market speculation that American Express Co. is about to buy the struggling financial management software company.
Shares of Intuit, which publishes the best-selling Quicken personal finance computer program, surged $7 to close at $36.50 on Nasdaq. American Express ro... | 25 |
Cisco Systems Inc. said Tuesday its fiscal first quarter profit from operations rose 77 percent, reflecting strong sales of its computer networking equipment.
The company, which makes devices that control the flow of information between computers in a network, said earnings before gains and charges rose to $320.8 milli... | 25 |
Apple Computer Inc. stunned investors Wednesday by reporting an unexpected $25 million profit for the last three months of its fiscal year.
The Cupertino, Calif.-based computer maker, which had been expected to lose around 30 cents a share in the quarter, posted a profit of 20 cents a share, the first time Apple was in... | 25 |
The semiconductor industry's key indicator of computer chip demand rose in September to its highest level this year, reflecting a stronger-than-expected increase in new orders.
The Semiconductor Industry Association said Tuesday the North American book-to-bill ratio, which measures the value of orders against shipments... | 25 |
Jilted once, financial software company Intuit Inc appears unlikely to return to the merger altar any time soon.
Buyout speculation has swirled around Intuit since May 1995, when Microsoft Corp. dumped its plans to buy the maker of popular personal finance software like Quicken and TurboTax. Last week, Intuit shares su... | 25 |
Most software publishers are expected to report only modest increases in their latest earnings, reflecting a seasonal slowdown and a lack of new products this quarter.
"For the behemoths of the industry, like Microsoft and Oracle, business is still good," said Marshall Senk, an analyst at Robertson Stephens & Co. i... | 25 |
Apple Computer Inc. plans to release a new line of computers as early as 1998 that will run an operating system written from scratch, Chief Executive Gilbert Amelio said on Wednesday.
The new operating system -- the fundamental software that controls the basic functions of the computer -- will leapfrog Microsoft Corp.'... | 25 |
Apple Computer Inc. stock tumbled Monday after the company said it expected a loss of up to $150 million in the latest quarter, prompting even some of the company's most loyal customers to question its survival.
Apple shares fell $3.875 to $17.875, the lowest level since mid-July, as more than 16.8 million shares trade... | 25 |
When Apple Computer Inc. fired co-founder Steven Jobs in 1985, Apple employees did not know whether to cry or to rejoice.
Through the early 1980s, Jobs had inspired Apple engineers to create a computer called the Macintosh which would change the world. At the same time, though, Jobs and his mercurial temper burned out ... | 25 |
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