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Jan 31, 2014

Amazon warns of possible loss, mulls Prime fee-hike

SEATTLE (Reuters) – Amazon.com Inc missed Wall Street’s estimates for the crucial holiday period and cautioned investors about a possible operating loss this quarter as shipping costs climb, pushing its shares down more than 5 percent.

The world’s largest online retailer faced lofty expectations going into one of the most heavily competitive holiday seasons in years, with retailers vying to out-do each other with steep discounts. It was a contest that many retail industry executives have blamed on Amazon.

Jan 28, 2014

Apple’s iPhone sales, revenue forecast fall short; shares slide

Jan 27 (Reuters) – Lower-than-expected holiday iPhone sales
and a weak revenue forecast by Apple Inc renewed fears
about Chinese demand and a tepid global market, wiping 8 percent
off company stock.

This year was to have been Apple Inc’s watershed moment in
China, when a long-awaited deal with the nation’s largest
carrier was to have propelled it back toward the top ranks of
its most crucial market, clawing back ground from rival Samsung
Electronics.

Jan 28, 2014

Apple’s iPhone sales and outlook lag targets, shares slide

By Bill Rigby

(Reuters) – Apple Inc missed Wall Street’s lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.

The world’s most valuable technology company sold a record 51 million iPhones in the quarter, but that was shy of the 55 million or so analysts had expected, reflecting intense competition from arch-foe Samsung Electronics during the crucial period.

Jan 27, 2014

Apple’s iPhone sales lag Wall Street, shares dip

By Bill Rigby

(Reuters) – Apple Inc missed Wall Street’s target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 6 percent after hours on Monday.

The world’s most valuable technology company sold a record 51 million iPhones in the quarter, below the 55 million or so analysts had expected, reflecting intense competition from arch-foe Samsung Electronics during the crucial period.

Jan 24, 2014

Apple set to report record holiday, but China doubts stay

Jan 24 (Reuters) – Apple Inc may notch its most
successful holiday shopping season yet when it reports quarterly
results on Monday, setting records for sales of its
gift-friendly iPhones and iPads.

It will, however, continue to draw investor scrutiny over
sales in ultra-competitive China, its No. 2 market but a drag on
revenue and margins in recent quarters. The iPhone maker has
been ceding ground to Samsung Electronics and other
rivals there, but has now sealed a long-awaited deal to sell
iPhones through China Mobile that could bear fruit in
2014.

Jan 24, 2014

Apple set to report record holiday but China doubt persists

By Bill Rigby

(Reuters) – Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads.

But it will continue to draw investor scrutiny over sales in ultra-competitive China, its No. 2 market but a drag on revenue and margins in recent quarters. The iPhone maker has been ceding ground to Samsung Electronics and other rivals there, but has now sealed a long-awaited deal to sell iPhones through China Mobile that could bear fruit in 2014.

Jan 24, 2014

Microsoft profit beats forecasts, no word on new CEO

SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its software and services for businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.

The world’s largest software company did not say anything about its five-month search for a new chief executive to replace Steve Ballmer, who said in August he would retire within a year.

Jan 23, 2014

Microsoft profit beats Wall Street, no word on new CEO

SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its Office software to businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.

The world’s largest software company did not say anything about its unexpectedly long five-month search for a new chief executive to replace Steve Ballmer, who said in August he would retire within a year.

Jan 16, 2014

Amazon.com workers reject unionization in Delaware vote

SEATTLE, Jan 15 (Reuters) – A small group of Amazon.com Inc
technicians at a distribution center in Delaware voted
on Wednesday not to join a union, marking a victory for the U.S.
online retailer which is strongly opposed to any kind of
third-party representation for its employees.

A group of equipment maintenance and repair technicians
voted 21 to 6 not to join the International Association of
Machinists and Aerospace Workers (IAM), in results published
late on Wednesday.

Jan 10, 2014

Boeing machinist campaigns to replace national union leaders

SEATTLE (Reuters) – A Seattle-area Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) worker is one of two men campaigning to replace national leadership of the International Association of Machinists in the wake of bitter infighting over the planemaker’s latest labor contract.

Boeing’s IAM members narrowly approved the contract last week, effectively sacrificing their pensions for guaranteed work on the new 777X jet.

    • About Bill

      "Bill Rigby is Reuters' chief correspondent in Seattle, reporting on Microsoft and Boeing and overseeing coverage of general news in Washington state, Oregon and Alaska. He has been a Reuters journalist since 1998, reporting on banks, insurers, stock markets, defense companies and airlines from Reuters bureaux in London, New York and Seattle."
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