Profit at Honeywell Rises 10%, Exceeding Analysts’ Forecasts
The company said that new products and growth in emerging markets offset weakness in Europe.
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Intel Lowers Forecast Because of Shortages
The chip maker Intel Corp. said Monday that its fourth-quarter revenue would be lower than expected because of shortages of hard drives. Its shares tumbled more than 3 percent in early trading. Intel, a technology bellwether, said it now expected fourth-quarter revenue of $13.4 billion to $14 billion. It had previously forecast revenue of $14.2 billion to $15.2 billion for the holiday quarter. Analysts polled by FactSet were expecting revenue of $14.65 billion. Intel is the world’s largest maker of microprocessors, the brains of computers. The company said it expected personal computer sales to be up from the previous quarter. But it said computer makers are reducing inventories and microprocessor purchases because of hard drive shortages.Read Full Article -
BlackBerry Outages Recur
BlackBerry users experienced technical glitches with their smartphones for a second day after an unexplained problem cut off Internet and messaging services in Europe, the Middle East, Africa and Latin America. The new round of troubles on Tuesday involved the BlackBerry’s popular messaging service which was not fully operational, with multiple users reporting issues in sending and receiving messages. Angry smartphone users posted on Twitter to vent frustration with the company and bemoan the loss of their messaging capabilities, questioning why the company took so long to restore services. A spokeswoman for Research in Motion, which makes the BlackBerry devices, was not immediately able to comment.Read Full ArticleMentions: Europe -
Sprint’s Shares Fall on News It Lacks Money for Upgrades
The struggling wireless carrier Sprint Nextel said Friday that it would need to raise additional money to build a higher-speed data network, a move that sent its stock down 20 percent. Sprint also said it would stop selling phones and other devices compatible with Clearwire’s current network at the end of next year, after it switches on its own higher-speed, fourth-generation data network. Shares of Clearwire fell 32 percent after Sprint disclosed details of its new network. Sprint is Clearwire’s largest customer and majority owner, but does not control it. On Tuesday, Sprint’s stock was buoyed by the news that it would carry the new iPhone 4S as investors hoped that the phone would help the company recruit and keep customers. AT&T and Verizon Wireless have been able to lure people with the iPhone, which Sprint was not able to offer until now. Sprint started taking ...Read Full Article -
Japanese Regulator Approves Google-Yahoo Deal
Japan’s anti-monopoly watchdog approved on Thursday a tie-up between Google and the Yahoo Japan Corporation, but warned that it would keep checking for possible violations. The regulator, the Fair Trade Commission, said Thursday that it did not see any problems as long as the two companies continued to be separate and offered distinctive services. Yahoo Japan has said it planned to start a search service using Google’s search and advertising technology by the end of this year. The online shopping site Rakuten Inc. had asked the Fair Trade Commission to look into the deal, which was announced in July, to see if the partnership might hinder competition and growth in the Japanese Internet.Read Full ArticleMentions: Google
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