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Nov 3, 2011

MGM Resorts’ Q3 fails to inspire, shares slide

Nov 3 (Reuters) – MGM Resorts International
narrowed its losses, but failed to live up to heightened
expectations as gambling and spending on the Las Vegas Strip
recovered, sending its shares down nearly 6 percent.

The operator of the Bellagio, CityCenter and MGM Grand
reported a smaller third-quarter loss and a slight revenue
beat. But rival Las Vegas Sands Corp comfortably
surpassed Wall Street’s expectations last week.

Oct 27, 2011

Las Vegas Sands’ Q3 impresses Street, eyes Asia

LOS ANGELES (Reuters) – Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz) posted better-than-expected revenue in Asia and rode a rebound in U.S. growth on Thursday, calming fears that economic weakness would discourage leisure travel and gaming.

Sands’ numbers helped dispel fears its Asian cash cow — Macau — would suffer if China slows or chokes off a lucrative flow of gamblers from the world’s second largest economy.

Oct 25, 2011

IBM taps Rometty to succeed Palmisano as CEO

By Jim Finkle and Edwin Chan

(Reuters) – IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today.

In taking the helm of the storied industry icon, she makes it the largest U.S. corporation by value to be headed by a woman.

Oct 21, 2011

Love him or hate him, Groupon’s Mason makes a splash

SAN FRANCISCO, Oct 21 (Reuters) – Goofball, visionary,
opportunist, maverick: Andrew Mason invites all manner of
description but the one thing all agree on is that the Groupon
CEO is one shrewd customer.

The music-studies major who says he started Groupon to get
his business partners off his back is now the central figure in
a $540 million IPO that has drawn scrutiny from regulators,
harsh criticism from Silicon Valley, and occasional derision
from the investment community.

Oct 19, 2011

Wait for new iPhone hits Apple Q4

SAN FRANCISCO, Oct 18 (Reuters) – Apple Inc stunned Wall
Street with quarterly results that missed expectations for the
first time in years as customers held off buying iPhones until
the October launch of the latest version.

Shares of Apple fell 7 percent in extended trading on
Tuesday, wiping some $27 billion off the value of the world’s
largest technology company.

Oct 19, 2011

Apple blames iPhone rumors for disappointing results

SAN FRANCISCO (Reuters) – Apple Inc stunned Wall Street by reporting results that missed expectations for the first time in years, blaming rumors of the new iPhone for hurting demand in the September quarter.

Shares of Apple fell 7 percent in extended trading on Tuesday, wiping some $27 billion off the value of the world’s largest technology company.

Oct 18, 2011

Apple stuns Wall St. with rare miss, shares dive

SAN FRANCISCO, Oct 18 (Reuters) – Apple Inc
reported a rare miss in quarterly results after sales of its
flagship iPhone fell well short of Wall Street expectations,
hammering its shares.

Shares of the world’s most valuable technology corporation
dived more than 5 percent to below $400 after it said it sold
17.07 million iPhones — well short of the roughly 20 million
expected by analysts.

Oct 13, 2011

Apple’s new iPhone features Qualcomm, Toshiba

Oct 13 (Reuters) – Apple Inc’s fifth-generation
iPhone uses chips from Qualcomm Inc , Toshiba
and a host of smaller semiconductor companies, according to
repair firm iFixit, which cracked the device open on Thursday.

The new iPhone, which goes on sale Friday at 8 a.m. in
seven countries, looks similar to the previous iPhone 4 but has
new hardware, including a faster processor, better camera and a
voice-activated personal assistant feature dubbed “Siri” that
has been well-reviewed.

Oct 12, 2011

After iPhone’s debut, Cook must reposition Apple brand

Oct 12 (Reuters) – Apple Inc debuts its fifth
generation iPhone this week minus its visionary leader for the
first time. But CEO Tim Cook may already be thinking ahead to
his greatest challenge: repositioning the company’s fabled
marketing apparatus to safeguard the brand.

With Google Inc Android phones gaining momentum,
Cook is likely sticking to established battle plans at this
critical juncture. But longer term, he may be better off moving
the company out from under Jobs’ gargantuan shadow. The Apple
co-founder bequeathed a mystique and cachet to the brand that
will be near-impossible to replace, cultivating a community of
fans hooked on ease of use and rich content.

Oct 6, 2011

Apple’s Steve Jobs, visionary leader, dead at 56

SAN FRANCISCO (Reuters) – Steve Jobs, who transformed the worlds of personal computing, music and mobile phones, died on Wednesday at the age of 56 after a years-long battle with pancreatic cancer.

The co-founder of Apple Inc, one of the world’s great entrepreneurs, was surrounded by his wife and immediate family when he died in Palo Alto, California. Other details were not immediately available.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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