Weak ad revenue pulls down Google
Friday, October 19, 2012 - 06:11 y of the Google offices in Berlin, Germany. Although the American company holds 95% of the German search engine market share and already has offices in Hamburg and Munich, its new offices on the prestigious Unter den Linden avenue are its first in the German capital. The Internet giant has been met with opposition in the country recently by the former president's wife, who has sued it based on search results for her name that she considers derogative. The European Commission has planned new data privacy regulations in a country where many residents opted in to have their homes pixeled out when the company introduced its Street View technology. (Photo by Adam Berry/Getty Images) Yesterday Google gave investors a double surprise. First, the company accidentally fired off its earnings announcement three hours ahead of schedule -- while markets were still open. Then, those profits fell quite short of expectations. Marketplace Morning Report for Friday, October ...
adam
american
announcement
berlin
berry
commission
european
expectations
german
germany
getty images
google
hamburg
horwich
internet
jeff
linden
marketplace
munich
office
opposition
privacy
regulations
story
street
technology
type
unter
PODCAST: Nobel for matchmaking and Sprint Nextel for the taking
Monday, October 15, 2012 - 09:26 Scott Olson/Getty Images Brick and mortar retailers have an idea to compete online rivals like Amazon. They are going to match their prices during the holiday shopping season. This year's Nobel Memorial Prize in Economics goes to Americans Alvin Roth and Lloyd Shapley . The Nobel committee honored them today for their work in quote,"the theory of stable allocations and the practice of market design." Sounds obscure, but it actually turns out to be pretty practical. U.S. retail sales rose 1.1 percent last month . We were spending more on cars, gas and iPhones. Sales of the iPhone 5 helped to juice spending in the electronics category, which grew 4.5%. Citigroup shares are way up in early trading after the bank reported much smaller third-quarter profits but still beat Wall Street expectations. Pardoxically, perhaps, investors may be celebrating the reason for those smaller profits: Citi took a big fat write-down this quarter for selling off its share of ...
acquisition
advance
allocation
alvin
amazon
american
americans
angostura
association
barney
bitters
brennan
calabrese
center
citi
citigroup
curacao
election
expectations
feature
france
gannet
gannett
getty images
guinness
halloween
horwich
international
iphone
iphones
japan
japanese
jeff
justice
legacy
lloyd
london
marketplace
memorial
microsoft
mid-day
morgan stanley
nextel
nobel
olson
olympics
pardoxically
playboy
podcast
practices
roth
salvatore
scott
service
shapley
smith
softbank
sprint
station
story
street
subscription
syndication
technology
title
type
update
wall
windows
xbox
PODCAST: Adele goes Bond, Federal Reserve goes beige
Wednesday, October 10, 2012 - 10:12 LEON NEAL/AFP/Getty Images British singer-songwriter Adele accepts the British Female Solo Artist award at the BRIT Awards 2012 in London on February 21, 2012. This morning global markets are digesting the fact that the head of China's central bank will be a no-show at this week's meeting of the International Monetary Fund. The problem seems to be that that meeting is in Japan -- and China and Japan right now are facing off over disputed island territories. CostCo says profits jumped 27 percent last quarter. Whatever other problems there are in the global economy, American demand for 84-packs of toilet paper remains strong. Wal-Mart says sales on layaway are looking strong in advance of the holidays. YUM Brands says KFC is doing just fine in China, thank you very much -- the company raised its financial outlook for the year -- from "good" to "finger lickin' good." Later today the Federal Reserve rolls out the much anticipated "50 Shades of Beige" -- ...
action
adele
admission
advance
afp
agency
american
arabia
artists
awards
beige
bond-song
brit
british
brown
charlie
china
christmas
consideration
costco
court
decision
donations
energy
entertainment
european
feature
federal reserve
fox
getty images
hollywood
horwich
international
iraq
james
japan
jeff
justice
kfc
leon
london
lord
marketplace
mid-day
neal
podcast
reaction
russia
saudi
shades
skyfall
spain
story
supreme
syndication
theorganization
times
title
toyota
twentieth
type
update
wal-mart
yum
PODCAST: A green thumb and earnings ho-hum
Tuesday, October 9, 2012 - 11:16 David McNew/Getty Images A retired couple from the London suburb of Bedford unknowingly tended to a marijuana plant they bought at a flea market. The parade of quarterly earnings announcements begins later today, ceremoniously led as always by aluminum giant Alcoa . Alcoa's expected to show a profit of perhaps just a penny-a-share, compared with 15-cents this time last year. Markets are down this morning on earnings mood, and on a very gloomy report from the IMF forecasting slower global growth ahead. The U.S. is the lone bright spot where the IMF thinks there will be decent growth, but that's no comfort on Wall Street. There are rumors of trouble this morning with a major aerospace merger in Europe. British defense company BAE is declining to comment on reports that merger talks with EADS -- the parent company of Airbus -- have collapsed. The boards of both companies are meeting today, trying to figure out how they can put the two together in a way that ...
airbus
alcoa
american
angela
announcement
athens
atlantic
austerity
bae
bedford
ben bernanke
bluebird
british
ceo
chancellor
cheesecake
comments
conference
david
eads
east
europe
express
feature
fed
geithner
german
germany
getty images
greek
greeks
horwich
imf
india
jeff
location
london
marketplace
mcnew
merkel
mid-day
minister
podcast
poking
police
policy
prime
secretary tim
situation
story
street
syndication
title
treasury
type
update
wall
walmart
The Cheesecake Factory to launch in Middle East
Tuesday, October 9, 2012 - 08:11 Photo courtesy of The Cheesecake Factory Casual dining chain, The Cheesecake Factory, is expanding abroad with 22 new locations in, of all places, the Middle East. Aside from a few parts of the U.S., odds are you live within close range of a Cheesecake Factory, and no casual dining restaurant sells more per location. Now, if you're a CEO in that situation, you'd consider expanding to markets beyond the U.S. For the Cheesecake Factory, that means 22 new locations in, of all places, the Middle East. David Overton started the restaurant in 1978 as a place to retail his parents' cheesecakes, today he remains the CEO. He says more the idea sprang from a visit to the Middle East, "We were invited over...and when we saw the American brands over there doing so well, we thought it was a good idea...They do surveys quarterly and everytime they ask the question, 'what American restaurant would you like to see over here?', Cheesecake Factory for the last five years was ...
america
american
ceo
cheesecake
choice
david
east
efficiency
horwich
jeff
location
marketplace
operations
overton
portion
questions
section
situation
story
type