Shares of Facebook Drop as the Social Networking Company Fails to Match Expectations

Shares of Facebook Drop as the Social Networking Company Fails to Match Expectat

On Wednesday, Facebook reported its quarterly earnings for the initial three months of the year and surprisingly, Facebook failed to surpass the expectation of the analysts for the very first time since early months of 2013. After the announcement, the shares of the company, based in Menlo Park, California dropped two percent or more during the afterhours trading.

First Quarter Profits of Discover Financial Services Drops but Surpasses Analysts’ Expectations

First Quarter Profits of Discover Financial Services Drops but Surpasses Analyst

On Tuesday, Discover Financial Services announced its earnings for the first quarter which beat the expectations of the analyst's. Still, the company's profits fell seven percent due to the company's raised reserves for likely loan losses and higher expenses.

Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and Raised Earnings Guidance for the Year

Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and

Owing to the strong drug sales, on Tuesday Amgen Inc. reported its first quarter results that surpassed the analysts' expectations. The company also raised its earnings guidance for the current year. The profit surged by fifty one percent for the company based in Thousand Oaks, California.

Magnificent, Perfect100-carat Diamond Sells for $22Millon in Sotheby’s Jewelry Auction in New York

Magnificent, Perfect100-carat Diamond Sells for $22Millon in Sotheby’s Jewelry A

According to the Sotheby's auction house, a spectacular 100-carat diamond sold for $22.1 million on Tuesday in New York. The diamond was the highlight of the sale of magnificent jewels by the auction house.

Kraft Revamping Its Iconic Macaroni and Cheese Meal by Removing Synthetic Colours

Kraft Revamping Its Iconic Macaroni and Cheese Meal by Removing Synthetic Colour

On Monday, the Kraft Foods Group Inc. said that it plans to revamp its macaroni and cheese meal by taking out the preservatives and the synthetic colors from the food products, making the well-liked boxed dinner more appealing to the health conscious people.

San Juan Capistrano’s Tiered Rates for Water-Use Thrown Out by Appeals Court

San Juan Capistrano’s Tiered Rates for Water-Use Thrown Out by Appeals Court

When the officials are trying to invent ways to encourage less water in drought stricken California, on Monday an appeals court handed a decision that put the efforts of tired water charges and conservation into question.

Morgan Stanley Announces Better than Expected First Quarter Profits

Morgan Stanley Announces Better than Expected First Quarter Profits

Morgan Stanley posted its first quarter profits that surpassed the analysts' expectations. The firm is moving in line with a number of its peers posting a high profit, as the firm gained from demanding markets and a spell of mergers among various corporate.

In the mid day trading, the shares of Morgan Stanley increased by 1.3% to $37.21.

Shrimp Ban in the Gulf of Maine has Increased Imports from Canada

Shrimp Ban in the Gulf of Maine has Increased Imports from Canada

The ban put by the regulators for catching shrimp in the Gulf of Maine, which was mostly dominated by Maine fishermen has increased the inflow of the soft crustaceans from Canada. The ban came into effect over the worries of low population of the species.

Oil Prices Increase as U.S. Oil Drilling Rig Count drop

Oil Prices Increase as U.S. Oil Drilling Rig Count drop

On Monday, the price of crude oil saw an increase yet again as an extension to the gains achieved last week. The main reason for the price increase is attributed to the fall in the number of U. S. oil drilling rigs. That signals at a lower supply in the later months of this year. The recent monetary stimulus measures in China also underpinned the market.

Mylan says Speculations of an Acquisition by Teva is a Rumour

Mylan says Speculations of an Acquisition by Teva is a Rumour

On Friday, Mylan, the Dutch generic drug making company said that speculation which says that that company may be acquired by Teva Pharmaceutical is just a rumour and it doubts whether the regulators would even approve this kind of a deal. The drug makes said that it decides to remain a stand-alone company.

Latest News

Shares of Facebook Drop as the Social Networking Company Fails to Match Expectat
First Quarter Profits of Discover Financial Services Drops but Surpasses Analyst
Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and
Magnificent, Perfect100-carat Diamond Sells for $22Millon in Sotheby’s Jewelry A
Kraft Revamping Its Iconic Macaroni and Cheese Meal by Removing Synthetic Colour
San Juan Capistrano’s Tiered Rates for Water-Use Thrown Out by Appeals Court
Morgan Stanley Announces Better than Expected First Quarter Profits
Bombardier Aerospace secures contract from Air Niugini
Blue Cross and Blue Shield of Alabama and Alfa Insurance Are Expanding their Par
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$275 Million Profit for Q3 Reported by Blackstone
Blackstone purchases Centro's U.S. property assets for a sum of $9.4 billion
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