Technology today. A Landmark Partnership to develop apps and Business Software for use by corporate employees on iphones and ipads. Both stocks moving higher in early post market trading. Well have more on this once unthinkable deal in just a moment. We begin tonight with after the bell earnings from two tech bellwethers, intel and yahoo. First up the computer chip maker intel. It reported better than expected revenues and earnings, net profit up nearly 3 billion on Strong Demand for personal computers and the chips inside them. Excludeing certain items, intel pulled down 55 cents a share, thats three cents better than analysts estimates. Revenue nearly 14 billion topped the forecast. Shares of the dow component rose as much as 3 in after hours trading. Seema mody join us us from the nasdaq marketplace with more on the results. Seema, when what is the take away from intel . Tyler, investors are talking about showing signs of growth in an industry that at some point was telling investor
Untile markets closed friday, february 7, which means they wont be buying gold. Beanywhere you go there will a lot of Chinese Tourists because they have the entire week off. A year of the horse. Year of the doughnut . That is every day for you, tom. Not a year. Wow. Check. S get a data dunkin donuts, krispy kreme a straight data check. Belowr yield, breaking 2. 67 . A lot of them inflation dynamics in the debate over the weekend. The euro well under one point 36. The next screen showing emergingmarket stability. Ok, i will call it midpoint. Weaker. Is a and you can see the stability. Gain and gold, stable we scour the papers this morning. The super bowl. His the front page good the front page story, the only one i am looking at on bloomberg. Com is microsoft making its decision. At the board is expected to name Satya Nadella as the next ceo. He is an internal guy. He heads up enterprise and cloud at microsoft and has been with the company for more than two decades. The flipside to this
Are economic warfare. The eu has accused jpmorgan and other banks of colluding to rig interbank lending rates. Agricole weret also accused. Taking on the ipad. Microsoft is going to take on the ipad mini. Satya nadella expected to unveil a smaller version of the today with a qualcomm processor. Cory johnson is in new york. If you fail to make an ipad killer, try to make an ipad mini killer . Go small or go home. Microsoft has failed in the marketplace with the surface. The push of a push of a push and are trying to the corporate deals and big sales in a large institution. They are spending a fortune on marketing and getting this out there in the public eye. They are getting Product Placement and every possible tv show they can get it into. To make it seem like people are using it but in reality people are not. Fundamentally is it not a good product . One of the things we see havening is market leaders this experience with certain apps and they want to stay with them. The product has no
Revenue. The ads will appear in the mobile twitter feed and direct them to a mobile app store where they have to be downloaded. Ads have boosted revenue at other social media companies. Demand for Electronic Devices over the holidays posted a record profit at foxconn. Sales growth was strongest in two years. It is driven by demand for the apple ipad and iphone sprint apple is foxconns top customer accounted for 40 of its revenue. Charter communications is not throwing in the towel on its hopes of buying Time Warner Cable. It is urging Time Warner Cable investors to reject the takeover offer by comcast. Charter says the comcast bid is vulnerable to regulatory issues. The 37 billion dollar offer by charter was rejected earlier this year in favor of comcasts 35 billion dollar offer. Newton blackberry Fourth Quarter earnings showed small signs of Product Sales were down 64 in the first quarter. It is the first time it slipped below 1 billion since 2007 but profit jumped 532 . It is much be
Strengthened either franchise law. Other states like texas and new jersey have banned tesla direct sales. Microsoft is once again changing its policy for accessing user email. The company will not investigate the private content and will turn the matter over to Law Enforcement if it suspects wrongdoing. It said it would consult with an attorney beforehand. This stems from a case where microsoft admitted to scanning any mail to see if he was receiving trade secrets. Charter communications is not going to let comcast get time warner without a fight. It is urging shareholders to reject the takeover offer saying it is vulnerable to regulatory issues. Its 37 billion dollar offer to buy time warner was rejected this year in favor of comcasts 45 billion offer. Blackberrys earnings showing some small signs of progress, sales were down 64 in the fourth quarter. The first time it slipped below one billion cents 2007, but profits dropped 532 . Much better than a 4 billion net loss. Yes, but it is