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Google says RR Donnelley filed draft earnings statement without authorization

Google Inc said its financial printer RR Donnelley filed a draft of its third quarter earnings statement without authorization on Thursday morning.

 

Microsoft Profit Falls as PC Sales Shrink

Microsoft

Microsoft is on the verge of releasing Windows 8, its biggest software product in years — and the company's lackluster financial results on Thursday underscored how badly the company needs it to deliver.

 

Google’s 3rd-quarter earnings leak early, send stock plunging as profit misses Street

Google

Google Inc.’s stock plunged suddenly on Thursday afternoon after a contractor released the search company’s third-quarter earnings report early, by mistake. The stock fell $68.19, or 9 percent, to $687.30 before trading was halted to give investors a chance to digest the news. Google’s report had been slated for release after the close of regular trading Thursday.

 

PepsiCo keeps 2012 outlook despite quarterly beat

PepsiCo Inc stood by its full-year forecast on Wednesday despite beating earnings expectations in the third quarter as it pours money back into its business.

 

J.P. Morgan, Wells Fargo: Housing on Mend

Housing Market

Two of the nation's largest banks released third-quarter results that suggest the U.S. housing market, a key factor in the nation's economic performance, is bouncing back as mortgage rates hit record lows and home refinancings surge.

 

DealBook: JPMorgan Quarterly Profit Rises 34%

Finally moving beyond a trading debacle that has stained his once-stellar reputation, Jamie Dimon, JPMorgan Chase’s chief executive, on Friday trumpeted a strong quarter of earnings stemming from a surge in mortgage lending.

Senh: Further proof that the housing market is starting to rebound.

 

Pandora Founder Reveals Big Earnings And High Fees For Musicians Online

Pandora pays over 2,000 artists more around $10,000 a year, and over 800 make $50,000. Top-tier artists like Adele are in the $1 million range, while others are tripling that sum. Not bad, in other words, especially since this is only taking into account Pandora payments, not those from Rhapsody, Spotify, or any other online streaming service. In fact, Pandora only accounts for about 6.5% of all online radio.

 

Walgreen's Profit Slides 55%

Walgreen's fiscal-fourth-quarter earnings fell 55% as less customer traffic at the drugstore chain contributed to a steeper-than-expected sales decline.

 

Blackberry maker posts $235m loss

Research In Motion shares rise in after-hours trading as the maker of the Blackberry posts a smaller-than-expected quarterly loss.

 

Factory, jobless claims data signal weakness

Jobless Claims

U.S. manufacturing closed out its weakest quarter in three years this month and the number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting the economic recovery is failing to gain traction.

 

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