Qualcomm’s quarterly revenue growth dwindles, shares fall
SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.
Wall Street snaps six-day run; Apple to split stock
NEW YORK (Reuters) – U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
Ex-Nvidia manager settles U.S. SEC charges on illegal tips
NEW YORK/WASHINGTON (Reuters) – A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of Wall Street analysts …
Facebook first-quarter revenue grows 72 percent on rising mobile ads
SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street’s financial targets.
Japan attack on wireless ‘oligopoly’ awkward for SoftBank’s U.S. plans
TOKYO (Reuters) – For Japanese billionaire Masayoshi Son, who wants to build the world’s largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.
Buffett says abstained from voting on Coca-Cola’s compensation plan: CNBC
(Reuters) – Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday he thinks Coca-Cola’s controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders vote.
U.S. regulators to propose new net neutrality rules in May
WASHINGTON (Reuters) – U.S. regulators are expected to vote on May 15 on a new set of so-called “net neutrality” rules aimed at making certain that broadband providers do not slow down or block consumers’ access to legal Internet content.
U..S consumer bureau to test electronic mortgage closings
WASHINGTON (Reuters) – Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.
U.S. new home sales hint at prolonged housing weakness
WASHINGTON (Reuters) – Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
Zynga’s Pincus withdraws further from operations
SAN FRANCISCO (Reuters) – Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes through a restructuring pla…
