August 14, 2001 |
Microsoft Chairman Bill Gates plans to invest $100 million in Mario Gabelli's $26-billion mutual fund management business, helping finance the firm's push into Europe. Gates' personal investment company, Cascade Investment, agreed to buy a 10-year convertible note in Gabelli Asset Management Inc. (ticker symbol: GBL), Gabelli said. If the note is converted into stock, Cascade will own 6% of the money management firm, whose stock rose $1.35 on Monday to $45.13. . . .
December 28, 2002 |
U.S. corporate profits grew at the fastest pace in more than two years this quarter, as consumers spent more on cars and household goods and companies reduced expenses by firing workers. Earnings for companies in the Standard & Poor's 500 index rose an average of 13% in the fourth quarter, according to a report Friday by Thomson First Call, which compiles analysts' earnings forecasts. Profits had not risen that much since the third quarter of 2000.
October 4, 2005 |
Could digital music sales be the recording industry's salvation? Not yet, not by a longshot. But legal downloads are way up, according to domestic and international numbers released Monday. Over the last six months, sales of music over the Internet and via mobile phone downloads have tripled internationally and grown by 169% in the United States compared with the same period a year earlier, the Recording Industry Assn.
May 24, 2006 |
After years of suffering from illegal downloads and competition from other forms of entertainment, the music industry is singing a new song: A rebound may finally be near. On Tuesday, London-based EMI Group became the latest major record company to post significantly higher profit, as well as its first annual sales increase in five years. That follows recent upbeat releases by rivals Universal Music Group and Warner Music Group.
October 27, 1999 |
Compaq Computer Corp. said Tuesday its profit was little changed in the third quarter as it wrestled with slowing demand and lost market share to competitors. The personal computer maker posted operating profit of $117 million, or 7 cents a share, compared with $115 million, or 7 cents, in the year-earlier period. Sales grew 5% to $9.21 billion. The Houston-based company sold fewer PCs in the U.S. than Dell Computer Corp.
February 12, 1999 |
The robust appetite for new Internet stocks continued Thursday, but non-Net initial public offerings struggled in the increasingly stratified IPO market. Shares of profitable Los Angeles-based Korn/Ferry International, the world's largest executive search firm, fell during their first trading day even as stocks of several unprofitable Internet firms soared in their debuts.