LOS ANGELES/SAN FRANCISCO (Reuters) – A rare Wall Street downgrade stoked fears that Apple Inc’s torrid pace of growth is slowing, sending shares in the world’s largest technology company sliding for the second straight day.
Apple lost about $13 billion of value in Wednesday trade after JMP Securities’ Alex Gauna downgraded the stock, citing also uncertainty about how the aftermath of the largest earthquake to hit Japan — which accounts for 6 percent of Apple’s sales and is a major source of electronic components — will affect it.
LOS ANGELES (Reuters) – Natalie Portman won the Oscar as best actress on Sunday for her role as an unhinged ballerina in the thriller “Black Swan,” while fellow nominee Annette Bening went home empty-handed for the fourth time in her career.
The 29-year-old Israeli-American actress, considered the leading favorite after dominating other film awards shows leading up to the Oscars, was visibly overwhelmed as she expressed her gratitude in a trembling voice, and occasional stammer.
Searching for Apple’s secret sauce? Perhaps you need look no further than Hollywood for the key to their runaway success over the past decade.
According to the advertising mavens at brandchannel.com, the consumer electronics titan’s products — Macs, iPods, iPhones — cameo-ed in almost a third (10) of the 33 movies that topped the U.S. box-office charts in 2010, ranking first among all product placements last year. Nike, Chevrolet and Ford tied in second place.
Apple’s COO and — many say — CEO-in-waiting Tim Cook has presided over a near-doubling of Apple’s margins over the past decade. Known as a supply chain maven and operations specialist, Cook has stepped up to the plate during CEO Steve Jobs’ three medical absences.
On Wednesday, Cook is expected to face questions about the company’s succession plan during Apple’s annual shareholders’ meeting at 1 Infinte Loop.
BOSTON/LOS ANGELES (Reuters) – Is Steve Jobs really worth just $6 billion?
Apple Inc’s revelation that its visionary CEO is taking his third medical leave of absence, this time for an indefinite period, sent shares in the world’s most prominent tech company barely 2 percent south, or roughly the same amount higher or lower on any other day.
There may never be a better time for Jobs to take a bow.
The company is kicking off 2011 on a roll, a cash-generating machine with surging sales of its iPad and iPhone. Wall Street has prognosticated a rise of more than 50 percent in quarterly revenue to $24.4 billion after a bumper holiday season.
LAS VEGAS (Reuters) – Nvidia Chief Executive Jen-Hsun Huang learned firsthand how pervasive — and demanding — mobile devices can be.
When he tried to demonstrate a tablet computer at the Consumer Electronics Show on Wednesday, so many people in the audience had their devices connected to the Web that the network collapsed and his presentation short-circuited after a few minutes.
LOS ANGELES/NEW YORK, Dec 9 (Reuters) – Community Health
Systems Inc (CYH.N: Quote, Profile, Research, Stock Buzz) has offered to buy Tenet Healthcare Corp
(THC.N: Quote, Profile, Research, Stock Buzz) for $3.3 billion and create the country’s largest
hospital chain, but Tenet rejected its larger rival’s
unsolicited bid as “opportunistic” and “inadequate.”
Shares in Tenet soared nearly 50 percent in extended trade.
Including debt, the deal is valued at some $7.3 billion,
Community Healthcare said in a statement.
Google gave the world its first look at PCs featuring its Chrome operating system on Tuesday. But amid all the hoopla over the slick, Web-browsing machines, we noticed that there appears to have made two subtle changes to the Chrome campaign.
The first involved what the new-fangled devices are actually called. When Google first announced plans to develop the Chrome PC operating system in July 2009, it said the first devices using the software would be netbooks, a genre of low-cost, miniaturized laptops that were all the rage at the time but have since lost their luster. (According to research firm Gartner, netbook shipments posted their first ever year-over-year decline in the third quarter)
By Sarah McBride
Stadium owners dragging their heels on finding greener ways to power up their high-definition scoreboards and retractable roofs just got a kick in the pants from their league commissioners.
Major League Baseball, the National Football League, the National Basketball Association, the National Hockey League, and Major League Soccer have dished out letters to their teams and facilities asking them to embrace solar power.
Facebook has engineered its latest micro-acquisition, buying little-known travel recommendation start-up Nextstop in what it calls a “talent acquisition”.
“We’ve admired the engineering team’s efforts for some time now and we’re excited to have them join Facebook,” a company spokesman said. The spokesman did not say if Facebook had any other plans for the site.