| Jul 26, 2012
| 1:31 PM
Facebook's first-ever earnings came in on target Thursday, with revenue of $1.18 billion on profit of 12 cents a share.
Facebook posted a second-quarter loss of $157 million, or 8 cents a share. But on an adjusted basis, after accounting for restricted...
| Jul 26, 2012
| 2:15 PM
Facebook's shares plummeted as much as 11% in after-hours trading after the social network released its first-ever earnings report that showed it met revenue expectations but was spending heavily.
The Menlo Park, Calif., company reported quarterly...
| Jul 27, 2012
| 9:01 AM
The sunny weather in July isn’t doing much for consumer sentiment – confidence is at the lowest level of the year, according to a new index compiled by Thomson Reuters and the University of Michigan.
All sorts of factors are to blame: The...
| Mar 7, 2013
| 8:16 AM
Americans went about their shopping with a “meh” attitude in February, fretting about delayed tax refunds and higher payroll taxes while giving retailers a middling boost in sales.
Three separate measures of same-store sales at locations...
| Feb 7, 2013
| 8:11 AM
Shoppers trod carefully in January, lured into stores by retailers dangling post-holiday clearance deals but spending sparingly to balance out higher payroll taxes and lingering economic uncertainty.
Same-store sales at major retailers such as...
| Feb 1, 2013
| 4:54 PM
The national economy remains sluggish — but don't tell the auto industry.
Auto sales showed surprising strength in January, with all three domestic manufacturers — General Motors Co., Ford Motor Co. and Chrysler Group — reporting...
| Jan 18, 2013
| 10:34 AM
Venture capital funding shriveled for the first time in three years in 2012, with investors funneling $26.5 billion to companies over 3,698 deals, according to a new report.
That’s a 10% drop in dollars and a 6% slide in deal volume, according...
| Dec 11, 2012
| 8:54 AM
American small business owners are in a sour mood, with optimism at one of its lowest levels since 1986, but don’t blame Superstorm Sandy.
It’s the fiscal cliff’s fault, according to a new report from the National Federation of...
| Apr 8, 2013
| 9:03 AM
Macy’s Inc. and J.C. Penney Co. Inc. are back in court Monday after a month-long mediation effort in their dispute over Martha Stewart merchandise appeared to have failed.
The department store chains are tussling over the rights to sell the...
| Apr 11, 2013
| 7:22 AM
Consumers shopping during a chilly March gave retail sales for the month a half-hearted push, with spending weighed down by the bitter weather, sequestration worries, ongoing economic weakness and an earlier Easter that shaved off a full selling day....
| Oct 10, 2011
| 4:34 PM
The U.S. venture capital industry raised its lowest amount of money in eight years, stymied by a recent panoply of economic bad news. Firms raised $1.7 billion in the third quarter, said the National Venture Capital Assn. That's 53% less than the $3.5...