By THE ASSOCIATED PRESS
NEW YORK (AP) — JPMorgan Chase & Co. said Wednesday its fourth-quarter profit fell 34 percent after its exposure to subprime mortgages — though much smaller than at banking peers like Citigroup Inc. — devalued its portfolio by $1.3 billion.
CEO Jamie Dimon also attributed the profit decline at the nation’s third-largest […]
Posted on January 16th, 2008 by admin
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By LAURIE J. FLYNN
SAN FRANCISCO — Intel reported record fourth-quarter revenue on Tuesday, but the chip maker’s shares dropped sharply after hours as its earnings and its first-quarter projections disappointed an already jittery Wall Street.
The company reported revenue of $10.71 billion, up 10.5 percent from the quarter a year earlier, but below the midpoint […]
Posted on January 16th, 2008 by admin
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By Miguel Helft
As Yahoo narrows its focus on a few key priorities, it’s not surprising to see those whose projects fall outside those areas leave the company. And Yahoo’s media group, whose once lofty mission to produce original, Hollywood-style content has been scaled back significantly over the past year or so, has seen its share […]
Posted on January 16th, 2008 by admin
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By MATT RICHTEL and BRAD STONE
SAN FRANCISCO — Steven P. Jobs is rebooting Apple’s digital movie effort and putting the company squarely in the middle of an intensifying industry battle to download movies and Internet content to high-definition televisions.
On Tuesday at Macworld Expo, an annual trade show, Mr. Jobs announced that the […]
Posted on January 16th, 2008 by admin
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By JOHN MARKOFF
SAN FRANCISCO — Steven P. Jobs, Apple’s chief executive, took several big gambles Tuesday, betting that he could repeat his success in selling digital music by persuading Hollywood to allow Apple to rent digital movies, while at the same time returning to his original Macintosh roots with an elegant — but limited […]
Posted on January 16th, 2008 by admin
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By IAN FISHER
ROME — Pope Benedict XVI, in a rare papal acquiescence to protest, has canceled a speech at the prestigious Sapienza University here amid opposition by professors and students who say he is hostile to science.
“Following the well-known events of recent days,” said a Vatican statement released Tuesday, “it seems opportune to delay […]
Posted on January 16th, 2008 by admin
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