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Facebook Loses Money Despite 30% Increase in Revenue

Posted July 26th, 2012 at 5:15 pm (UTC-5)
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Facebook, the world’s most popular social network website, says it lost money during the second quarter of the year, despite higher than expected revenue. In its first earnings report since its initial public offering of stock last May, Facebook posted a net loss of $157 million on revenue of $1.18 billion — up more than […]

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Caterpillar, GE, & McDonald’s Report Rising Profits

Posted July 22nd, 2011 at 11:35 am (UTC-5)
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The world’s largest construction and mining equipment company, Caterpillar, reported a 44 percent increase in profits Friday. While second quarter earnings grew, they fell short of Wall Street expectations and the stock price declined after the report. Caterpillar said its expected sales and profits were hurt by Japan’s multiple disasters and slowing demand in China. […]

Tags: , , , Posted in Economy

Caterpillar, GE Report Rising Profits

Posted July 22nd, 2011 at 10:35 am (UTC-5)
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The world’s largest construction and mining equipment company reported a 44 percent increase in profits Friday. While earnings grew, they fell short of Wall Street expectations and the stock price fell after the report. Caterpillar said its expected sales and profits were hurt by Japan’s multiple disasters and slowing demand in China. GE saw its […]

Tags: , Posted in Economy

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