 | Good afternoon Bit |  |  | Intel forecast quarterly revenues well above Wall Street's estimates despite a hiccup in sales of its Sandy Bridge processors after the discovery of a chipset design flaw and defying fears the world's top chip maker is struggling to find its footing as personal computer sales growth wanes.
IBM raised its profit forecast as the tech giant released quarterly earnings ahead of Wall Street projections, citing strong sales of its mainframe computers and brisk business in emerging markets.
Yahoo posted quarterly earnings that topped Wall Street targets amid threats to the No. 1 provider of online display ads in the U.S. from Facebook and continuing pressure from search leader Google.
RIM's PlayBook tablet launched in almost empty stores, in a far cry from the frenzy that accompanies the debut of anything from rival Apple. AT&T said it will not support the BlackBerry Bridge function that lets the PlayBook mirror a BlackBerry smartphone. But analysts say RIM should stay in the hunt with the PlayBook despite a likely slow start, as it overhauls its creaky platform with the QNX operating system it acquired last year. RIM expects large businesses to buy PlayBooks in "the tens of thousands."
Seagate acquired Samsung's loss-making hard disk drive business for $1.4 billion, pitting it head-to-head with Western Digital in an industry that has been dogged by price wars and facing longer-term threat from wireless tablet devices such as Apple's iPad that use more power-efficient solid state drives.
| | | LATEST NEWS | | Sony Ericsson battles for parts after Japan quake | | April 19, 2011 10:46 AM ET | | STOCKHOLM/HELSINKI (Reuters) - Cellphone maker Sony Ericsson is suffering component shortages following the Japanese earthquake and has roped in its bigger parents to give it more muscle in the fight for supplies with bigger rivals. | Full Article | | Royal Wedding to be streamed live on internet | | April 19, 2011 11:35 AM ET | | LONDON (Reuters) - The wedding of Britain's Prince William to university sweetheart Kate Middleton will be streamed live on the internet via an official royal channel -- the first time a British royal wedding will be covered in this way. | Full Article | | Apple sues Samsung, says stop copying us | | April 19, 2011 07:30 AM ET | | SAN FRANCISCO/SEOUL (Reuters)- Apple Inc sued Samsung Electronics claiming the South Korean firm's Galaxy line of mobile phones and tablets "slavishly" copies the iPhone and iPad, according to court papers, a move analysts say is aimed at keeping its close rivals at bay. | Full Article | | | BUSINESS NEWS
| | Goldman profit drops as trading revenue falls | | April 19, 2011 11:42 AM ET | | NEW YORK (Reuters) - Goldman Sachs Group Inc posted a 72 percent decline in quarterly earnings as trading revenue dropped, and the bank warned there were fewer opportunities to make money in the current environment. | Full Article | | Home building rises, foreclosures a threat | | April 19, 2011 11:36 AM ET | | WASHINGTON (Reuters) - U.S. home building and permits for future construction rebounded strongly last month from February's weather-depressed levels, but a glut of housing on the market will make further gains difficult. | Full Article | | Nasdaq, ICE line up funds for rival bid for NYSE | | April 19, 2011 09:05 AM ET | | NEW YORK (Reuters) - Nasdaq OMX Group and Intercontinental Exchange Inc said on Tuesday they have lined up commitments to fund their proposed takeover of the New York Stock Exchange's parent company and have offered to pay a reverse breakup fee if a deal fails to go through. | Full Article | | Geithner: no risk U.S. will lose AAA credit rating | | April 19, 2011 09:51 AM ET | | WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Tuesday said there was "no risk" that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving. | Full Article | | With much at stake, Asia voices confidence in U.S. debt | | April 19, 2011 11:32 AM ET | | TOKYO (Reuters) - Some of the United States' biggest creditors moved to shore up confidence in its sovereign debt Tuesday after Standard & Poor's threatened to cut its credit rating on the world's top economy, touching a nerve among big holders of Treasuries. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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