Earnings News

A most popular Instagram page is displayed on a mobile device screen in Pasadena

Facebook's Instagram adds new photo sizes to keep users, attract ads

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Instagram has added new layout options in addition to its signature square for pictures and videos in a bid to attract more advertisers and to stop users defecting to more flexible services such as Snapchat. The move is the first major alteration to the photo-sharing, social media service since Facebook Inc bought it for $1 billion in 2012, and addr…

  • The shadow of an attendee is cast below a logo of Franco-Dutch technology firm Gemalto during a news conference in Paris
    Gemalto says mobile revenues in second … Reuters - Wed, 26 Aug, 2015

    Mobile chip and smart card maker Gemalto said the closure of its U.S. mobile payment service Softcard in the second half would limit its mobile revenue growth as it posted … More »Gemalto says mobile revenues in second …

    The shadow of an attendee is cast below a logo of Franco-Dutch technology firm Gemalto during a news conference in Paris

    Mobile chip and smart card maker Gemalto said the closure of its U.S. mobile payment service Softcard in the second half would limit its mobile revenue growth as it posted a 33 percent rise in first-half profit from operations.

  • Alberta in recession this year, ATB's Todd Hirsch says
    Alberta in recession this year, ATB's … CBC - Wed, 26 Aug, 2015

    Alberta's most optimistic economist has capitulated. Todd Hirsch, chief economist with provincially owned ATB Financial, says Alberta is in a mild recession this … More »Alberta in recession this year, ATB's …

    Alberta in recession this year, ATB's Todd Hirsch says

    Alberta's most optimistic economist has capitulated. Todd Hirsch, chief economist with provincially owned ATB Financial, says Alberta is in a mild recession this year.

  • Military and police personnel walk past tourists as they patrol near the Grand Palace in Bangkok
    Bomb takes toll on Thai tourism; govt … Reuters - Wed, 26 Aug, 2015

    By Pairat Temphairojana BANGKOK (Reuters) - Thailand's worst-ever bombing has caused a 17 percent fall in tourist arrivals, putting pressure on revenues vital to the … More »Bomb takes toll on Thai tourism; govt …

    Military and police personnel walk past tourists as they patrol near the Grand Palace in Bangkok

    By Pairat Temphairojana BANGKOK (Reuters) - Thailand's worst-ever bombing has caused a 17 percent fall in tourist arrivals, putting pressure on revenues vital to the military government's moves to resuscitate a struggling economy. Average daily arrivals to Thailand fell from 85,000 before the deadly Aug. 17 attack to …

  • Visitors attend the ZTE stand at the Mobile World Congress in Barcelona
    China's ZTE first half profit jumps … Reuters - Wed, 26 Aug, 2015

    HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp on Wednesday posted a 43 percent rise in first-half net profit as 4G growth in China and improving margins … More »China's ZTE first half profit jumps …

    Visitors attend the ZTE stand at the Mobile World Congress in Barcelona

    HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp on Wednesday posted a 43 percent rise in first-half net profit as 4G growth in China and improving margins in its global equipment business offset weaker smartphone sales at home. Profit reached 1.6 billion yuan ($249 million) in January-June, matching a preliminary …

  • Guatemalan President Otto Perez Molina talks to reporters after an event in Zacapa
    Guatemala court approves bid to impeach … Reuters - Tue, 25 Aug, 2015

    By Enrique Pretel and Sofia Menchu GUATEMALA CITY (Reuters) - The Guatemalan Supreme Court on Tuesday approved a request by the country's attorney general to impeach … More »Guatemala court approves bid to impeach …

    Guatemalan President Otto Perez Molina talks to reporters after an event in Zacapa

    By Enrique Pretel and Sofia Menchu GUATEMALA CITY (Reuters) - The Guatemalan Supreme Court on Tuesday approved a request by the country's attorney general to impeach President Otto Perez over his suspected involvement in a racket to siphon customs revenue from the government, and passed the matter to Congress for approval. …

  • Uber, Airbnb here to stay so get rules … CBC - Tue, 25 Aug, 2015

    The Ontario Chamber of Commerce is urging the province and the federal government to get legislation in place to handle the sharing economy and head off conflict over … More »Uber, Airbnb here to stay so get rules …

    The Ontario Chamber of Commerce is urging the province and the federal government to get legislation in place to handle the sharing economy and head off conflict over services such as Uber and Airbnb. Chamber of Commerce CEO Allan O'Dette hailed the economic opportunity presented by ride-sharing services such as Uber, …

  • Customers walk into a Sears store at Fair Oaks Mall in Fairfax
    Sears looks to boost Kenmore and Craftsman … Reuters - Mon, 24 Aug, 2015

    Sears Holdings Corp named a former Johnson & Johnson executive to a new position as president of "hardlines" as the struggling retailer tries to stem the declining … More »Sears looks to boost Kenmore and Craftsman …

    Customers walk into a Sears store at Fair Oaks Mall in Fairfax

    Sears Holdings Corp named a former Johnson & Johnson executive to a new position as president of "hardlines" as the struggling retailer tries to stem the declining market positions of the Kenmore, Diehard and Craftsman brands. The new executive, Lynn Pendergrass, previously held senior positions at Johnson & Johnson, …

  • Genetic test maker RainDance withdraws … Reuters - Mon, 24 Aug, 2015

    RainDance Technologies Inc, a maker of gene-based tools to detect cancer and inherited diseases, said it planned to withdraw its initial public offering due to adverse … More »Genetic test maker RainDance withdraws …

    RainDance Technologies Inc, a maker of gene-based tools to detect cancer and inherited diseases, said it planned to withdraw its initial public offering due to adverse "market conditions." The move by RainDance, which filed for an IPO of up to $60 million in February, comes on the day of a sell-off in global equities following …

  • Mobile language apps help millions learn … Reuters - Fri, 21 Aug, 2015

    By Eric Auchard FRANKFURT (Reuters) - Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established … More »Mobile language apps help millions learn …

    By Eric Auchard FRANKFURT (Reuters) - Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany's …

  • Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in Madrid
    Uber seen reaching $10.8 billion in … Reuters - Fri, 21 Aug, 2015

    By Shu Zhang and Gerry Shih BEIJING (Reuters) - Uber Technologies Inc's [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year … More »Uber seen reaching $10.8 billion in …

    Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in Madrid

    By Shu Zhang and Gerry Shih BEIJING (Reuters) - Uber Technologies Inc's [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in …

  • An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in Chicago
    HP revenue falls on weak PC sales, lower … Reuters - Thu, 20 Aug, 2015

    Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Chief Executive … More »HP revenue falls on weak PC sales, lower …

    An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in Chicago

    Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Chief Executive Meg Whitman said the factors pressuring the PC market were expected to continue through the fourth quarter and well into the next fiscal year. HP is nearing …

  • The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York
    Gap profit falls again due to strong … Reuters - Thu, 20 Aug, 2015

    (Reuters) - Apparel retailer Gap Inc reported a fall in quarterly profit for the second consecutive quarter, hurt by a stronger dollar, shipment delays and weak sales … More »Gap profit falls again due to strong …

    The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York

    (Reuters) - Apparel retailer Gap Inc reported a fall in quarterly profit for the second consecutive quarter, hurt by a stronger dollar, shipment delays and weak sales at its flagship brand. A series of fashion misses, particularly in women's merchandise, have turned shoppers away from the Gap brand toward competitors …

  • Ashley Madison hack unlikely to dissuade cheating spouses, says researcher
    Canadian public servant email addresses … The Canadian Press - Wed, 19 Aug, 2015

    The apparent email addresses of hundreds of Canadian federal, provincial and municipal government employees are contained in a massive leaked list of names purported … More »Canadian public servant email addresses …

    Ashley Madison hack unlikely to dissuade cheating spouses, says researcher

    The apparent email addresses of hundreds of Canadian federal, provincial and municipal government employees are contained in a massive leaked list of names purported to be users of Ashley Madison, a matchmaking website for cheating spouses.

  • Rousseff waves during a meeting with governors at Alvorada Palace in Brasilia
    Brazil's Rousseff suffers fiscal … Reuters - Tue, 18 Aug, 2015

    By Anthony Boadle BRASILIA (Reuters) - Brazil's Senate put off a vote on a key austerity bill on Tuesday and the lower house of Congress voted to increase the cost of … More »Brazil's Rousseff suffers fiscal …

    Rousseff waves during a meeting with governors at Alvorada Palace in Brasilia

    By Anthony Boadle BRASILIA (Reuters) - Brazil's Senate put off a vote on a key austerity bill on Tuesday and the lower house of Congress voted to increase the cost of a workers severance fund, two setbacks for President Dilma Rousseff's efforts to fight a gaping fiscal deficit. A bill rolling back payroll tax breaks was …

  • A taxi driver drives past a Wal-Mart store in Mexico City
    Wal-Mart's drug problem: pharmacy … Reuters - Tue, 18 Aug, 2015

    Wal-Mart Stores Inc said on Tuesday that lower margins in its pharmacy business had emerged as a drag on profits, as it gets paid less by drug plan managers and as fewer … More »Wal-Mart's drug problem: pharmacy …

    A taxi driver drives past a Wal-Mart store in Mexico City

    Wal-Mart Stores Inc said on Tuesday that lower margins in its pharmacy business had emerged as a drag on profits, as it gets paid less by drug plan managers and as fewer customers pay in cash, since Obamacare has increased the ranks of insured Americans. The company warned that the margin squeeze would continue for at …

  • The exterior of Ryan Field, home field for the Northwestern University football team, is seen while athletes voted to determine if they want to form a union in Evanston

    By Joseph Ax and Ben Klayman NEW YORK/DETROIT (Reuters) - Football players at Northwestern University may have lost a bid to unionize on Monday, but a broader legal challenge has targeted the practice of excluding college athletes from sharing in the multibillion dollar bonanza they help generate. Alleging the current …

  • A man walks past a logo of KFC, outside a restaurant in Shanghai

    Yum Brands Inc announced on Tuesday new leadership for its China division as investor activists lobby for the owner of the KFC and Pizza Hut brands to spin off that business, which is its biggest driver of revenue and profit. Yum said company veteran Micky Pant, 60, would replace retiring Sam Su, 63, as chief executive …