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The Industry Standard (Free subscription) | 13 hours ago
Infosys Technologies, India's second largest outsourcer, Friday reported slower growth in revenue and profits for the quarter ended September 30, reflecting the impact of the economic crisis in the U.S., its largest market. Infosys also revised its US dollar revenue guidance, citing the current economic situation and the drastic depreciation of major global currencies against the US...
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eWeek (Free subscription) | yesterday
The iSuppli research firm is now trimming its worldwide semiconductor revenue forecast for 2008, citing plummeting prices for DRAM memory chips and a possible economic slowdown due to the financial crisis on Wall Street. While revenue from processors might decrease throughout the rest of the year, which could hurt Intel, AMD, Samsung and other companies, iSuppli analysts remained confident...
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Boston Globe (Free subscription) | 5 hours ago
Compuware Corp. on Friday said that for the recently ended quarter, it expects to report substantially lower revenue, sending its stock diving.
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Roth & Company, P.C. (Free subscription) | 6 hours ago
Iowa has avoided much of the current economic storminess, but that is ending. The state's revenue estimators project weak revenues...
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Arizona Republic (Free subscription) | 12 hours ago
Phoenix will make its largest budget cuts in history over the next several months as it copes with a precipitous decline in tax revenue that shows no signs of reversing.
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The Star-Ledger (Free subscription) | yesterday
If the president of the Borgata Hotel Casino and Spa is right, Atlantic City casinos experienced their biggest revenue decline in history in September. Revenue figures for September are due out on Friday from the state Casino Control Commission, but...
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The Atlanta Business Chronicle (Free subscription) | 10/08/2008
Sales tax revenue picked up in September, helping boost Georgia’s overall tax revenue for the month by 4.5 percent.
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Paidcontent (Free subscription) | 2 hours ago
The Associated Press, source of so much of today's financial news, is doing a little in-house education on its own finances. In a memo to staff sent out yesterday and posted today on Romenesko, AP assured staff it's on a "solid financial footing" with a positive cash flow but is taking steps to keep spending "in line" including a company-wide strategic hiring freeze, which we will re-examine regularly."...
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Market Watch (Free subscription) | 9 hours ago
LONDON (MarketWatch) -- Chinese meat and food processing company Zhongpin Inc. on Friday raised its earnings and revenue guidance for 2008, helped by lower pork prices and additional capacity at a new plant. The group said it now expects 2008 earnings of $1.15 to $1.19 a share, compared to its previous forecast of 98 cents to 41.07 a share. The group also said it is forecasting revenue...
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Reuters (Free subscription) | 8 hours ago
Broker Center sponsored linksGE revenues meet expectationsFri Oct 10, 2008 6:51am EDT(Reuters) - General Electric Co on Friday reported third quarter earnings of $0.45 a share, in line with analyst expectations.* GE reports third quarter 2008 earnings of $4.5 billion; revenues of$47.2 billion, up 11%; infrastructure orders of $23 billion, up 9%; on trackto earn about $20...
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Between the Lines (Free subscription) | 18 hours ago
Facebook CEO Mark Zuckerberg says he’s more focused on growing the social networking site than he is in finding a way to monetize it - at least for now. In a Q&A interview with German blog Netzökonom, Zuckerberg has basically given himself and the company three years to come up with a revenue plan that [...]
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Techdirt (Free subscription) | yesterday
It always surprises me when I hear about various tech startups that eventually resorted to outright scamming. I can understand the pressures of running a startup as things get tough, but I can't ever imagine resorting to outright making up revenue. Yet, whenever an economic downturn hits, these stories start popping up. You may recall back in 2001 when the hot startup Critical Path was caught...
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Russia News Net (Free subscription) | 14 hours ago
According to the Nevada Gaming Control Board, gambling growth is down for a record eighth straight month in August. Casinos won $934 million in August, that is compared to just over $1 billion the sam...
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Pol Watchers (Free subscription) | yesterday
The state's revenue was down 4.6 percent last month compared to September 2007 in the wake of what Gov. Steve Beshear described as "unsettling and tumultuous" economic times.Overall, after a month of growth in August and a drop in September, Kentucky's government revenue has grown by 0.9 percent so far in the fiscal year, which ends June 30, 2009.Beshear repeatedly told reporters Thursday...
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Red Orbit (Free subscription) | yesterday
He said, "Corporate Profit Centers include placement fees from consumers, monthly key word reservations from business, business will pay for value-added services, advertising revenue and eventually a transaction fee. These are just some of the profit centers that will produce exceptional revenue that are projected to be positive in the Fourth Quarter of 2009. Gross Profits are expected...
