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Aug 25, 2011

Investors undaunted as Apple’s Jobs steps aside

SAN FRANCISCO/LOS ANGELES, Aug 25 (Reuters) – Apple Inc
(AAPL.O: Quote, Profile, Research, Stock Buzz) began a new era on Thursday without Steve Jobs as
chief executive, a momentous shift that surprised investors,
but barely dented confidence in the near-term outlook for the
stock.

In announcing that he could no longer fulfill his duties,
Jobs stepped away from his CEO duties and cleared the way for
Tim Cook to take over leadership of one of the world’s best
known and valuable companies.

Aug 25, 2011

Apple shares under pressure after Jobs resignation

SAN FRANCISCO/LOS ANGELES, Aug 25 (Reuters) – Shares in
Apple Inc were marked lower by investors on Thursday as
the company faced a future without its founder and visionary
Steve Jobs at the helm.

Jobs resigned as as CEO on Wednesday and passed the reins to
his right-hand man Tim Cook, saying he could no longer fulfil
his duties, but making no mention of the poor health that has
forced him to take a back seat this year.

Aug 25, 2011

Steve Jobs quits as Apple CEO, Cook takes over

SAN FRANCISCO/LOS ANGELES, Aug 24 (Reuters) – Steve Jobs
resigned as CEO of Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) on Wednesday and passed
the reins to his right-hand man Tim Cook, saying he could no
longer fulfill the duties in a bombshell announcement that
raised fears his health has deteriorated further.

Jobs, who fought and survived a rare form of pancreatic
cancer and revolutionized the technology arena with the iPhone
and the iPad in the past four years, is deemed the heart and
soul of a company that this month briefly became the most
valuable in America.

Aug 25, 2011

Steve Jobs resigns from Apple, Cook becomes CEO

SAN FRANCISCO (Reuters) – Silicon Valley legend Steve Jobs relinquished the reins at Apple Inc to right-hand man Tim Cook on Wednesday, after 14 years in command at a company he brought back from the brink and turned into the world’s largest technology corporation.

Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone in 2007, is deemed the heart and soul of a company that started in a garage and is today neck-and-neck with Exxon Mobil in the race to become the largest U.S. corporation.

Aug 17, 2011

HP, Dell hammered as tech-spending outlook darkens

BANGALORE/SAN FRANCISCO (Reuters) – Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed.

Investors had hoped for a rebound in public and enterprise spending on hardware upgrades this year to offset stubborn consumer weakness, but it has yet to fully materialize.

Aug 5, 2011

LinkedIn follows up IPO with strong 2011 outlook

NEW YORK/LOS ANGELES (Reuters) – LinkedIn Corp projected faster-than-expected 2011 revenue growth after chalking up a surprise second-quarter profit, as the professional networking site sets off to prove it can fulfill the promise of its monster IPO and rich valuation.

Shares of the company — whose services are used by professionals seeking jobs or contacts and companies hoping to fill vacancies — climbed almost 5 percent in after-hours trade, recouping some of their 9.6 percent loss during the regular session in which markets tanked.

Aug 4, 2011

LinkedIn expects strong 2011 after doubling sales

NEW YORK/LOS ANGELES (Reuters) – LinkedIn Corp is banking on faster-than-expected revenue growth in 2011, as the professional networking site sets off to prove it can fulfill the promise of its splashy IPO and rich valuation.

LinkedIn — used by professionals seeking jobs or contacts and companies searching for qualified applicants to fill slots — was the first prominent U.S. social networking site to make its public debut. Shares of the company more than doubled its initial public offering price on its first day of trading on the New York Stock Exchange in May, whetting the appetite of investors for a Facebook IPO.

Aug 4, 2011

Google cries foul on Apple, Microsoft mobile gang-up

LOS ANGELES (Reuters) – Google Inc, fresh from losing a bid to buy thousands of patents from bankrupt Nortel, lashed out at its biggest rivals on Wednesday and accused them of banding together to block the Internet giant in the red-hot smartphone arena.

In a rare public outburst, Google Chief Legal Officer David Drummond blasted Microsoft, Apple, Oracle and “other companies” for colluding to hamper the increasingly popular Android mobile software by buying up patents, effectively imposing a “tax” on Android cellphones.

Aug 1, 2011
via MediaFile

Apple’s store of the future, just across the street from Store No. 1

By Mary Slosson

To the legions of Apple fans, any new store from the consumer electronics giant is cause for celebration. But the company’s latest, in Glendale California, is special for two reasons: it’s being touted as Apple Store 2.0, a model for others to come … and it happens to be just across the street from the very first outlet to carry the corporate logo.

Already inviting comparisons to Starbucks — notorious for opening outlets within a stone’s throw of each other — the latest addition the now-331-strong network drew hundreds of devotees to the Americana at Brand mall just north of downtown Los Angeles on Saturday. 

Jul 26, 2011

Baidu sees strong third quarter on China ads

LOS ANGELES/SHANGHAI (Reuters) – China’s top search engine Baidu Inc forecast revenue well ahead of Wall Street’s expectations as large advertisers increased spending, sending its shares up around 7 percent.

Baidu, which has increased its focus on online video and e-commerce, has steadily grown its search market share since Google Inc curtailed its operations after a fallout with Beijing over censorship.

    • 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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