Sept 23 (Reuters) – Apple Inc sold 9 million new
iPhones during their first three days in stores after China
joined the list of launch countries for the first time,
prompting the company to issue a rosier financial forecast.
Shares in the company closed up 5 percent at $490.64 on
Monday after the company said revenue in the fiscal fourth
quarter would gravitate towards the high end of its previous
forecast for $34 billion to $37 billion.
(Reuters) – Apple Inc said it sold 9 million iPhone 5s and iPhone 5c models in their first three days on the market, the most successful iPhone launch ever.
Apple shares rose more than 5 percent to $493.47 in early trading on Monday following the news.
Sept 23 (Reuters) – Apple Inc said it sold 9
million iPhone 5s and iPhone 5c models in their first three days
on the market, the most successful iPhone launch ever.
Apple shares rose more than 5 percent to $493.47 in early
trading on Monday following the news.
Sept 19 (Reuters) – The New York Times Co board of
directors has initiated a quarterly dividend, ending a nearly
five-year dry spell for its investors and the family that
controls one of the world’s most prestigious newspapers.
The company announced on Thursday that it would pay 4 cents
per share on Oct. 24 to Class A and Class B stockholders as of
the close of business on Oct. 9.
Sept 16 (Reuters) – Pandora Media Inc warned on Monday
that its business is slowing and proposed a follow-on offering
of 10 million shares for capital expenditures, according to a
The online streaming music company also said an additional 4
million shares will be offered by Crosslink Capital Inc, a
venture capital firm.
(Reuters) – Tina Brown is leaving Barry Diller’s IAC/InterActivecorp to start a media venture after five years with the company, where she launched the news and culture website Daily Beast.
Brown said her new company, Tina Brown Live Media, will be devoted to summits, salons and debates, according to a memo that she sent out on Wednesday about her exit.
(Reuters) – Pandora Media Inc on Wednesday named former Microsoft Corp executive and venture capitalist Brian McAndrews as president, chairman and CEO.
McAndrews, 54, replaces Joe Kennedy who announced in March he was leaving the online streaming music company.
NEW YORK (Reuters) – A federal judge threw out a lawsuit accusing Bloomberg LP of discriminating against dozens of pregnant employees, saying the Equal Employment Opportunity Commission’s mishandling of the case effectively cost the plaintiffs their day in court.
Monday’s decision in the six-year-old case, by Chief Judge Loretta Preska of the U.S. district court in Manhattan, is the latest win for the financial news and information company, whose majority owner is New York City Mayor Michael Bloomberg.
(Reuters) – Rupert Murdoch’s News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) said on Tuesday that it has sold Dow Jones Local Media Group to a unit of Fortress Investment Group for an undisclosed sum.
The sale includes the former Ottaway newspaper chain of eight daily and 15 weekly community newspapers such as the Cape Cod Times in Hyannis, Massachusetts, and The Pocono Record in Stroudsburg, Pennsylvania.
NEW YORK Aug 20 (Reuters) – Magazine publisher Conde Nast
announced a major partnership with Amazon.com Inc on
Tuesday in which the Internet retailer will handle print and
digital subscriptions for glossy publications such as Vogue,
Wired and Vanity Fair.
Conde Nast is the first magazine publisher to collaborate
with Amazon on this type of service, a move that will simplify
and eventually save money on its subscription process and give
it access to a huge new customer base. Currently, subscriptions
involve direct mail and stacks of magazine insert cards.