It’s not yet certain whether the Internal Revenue Service (IRS) will go along with Yahoo’s plans to spin-off its Alibaba shares into a separate company but Yahoo! Inc. (NASDAQ:YHOO) investors appear uncertain about Yahoo’s tax-saving stratagems. Yahoo shares have lost 30 percent since May as the maneuvers continue and Yahoo recently announced that the IRS declined to issue a ruling on its request.
Tax Read more […]
Warren Buffett’s Berkshire Hathaway Inc. reported a 37% fall in 2Q2015 profits, including a loss of $38 million in insurance underwriting operations.
Berkshire Hathaway reported net income of $4.1 billion in the second quarter, or $2,442 per share, compared to $6.4 billion, or $3,889 per share, a year earlier. The diversified Berkshire group has interests across insurance, railroads, utilities Read more […]
Google Inc (NASDAQ:GOOG) has reported increase in revenues, GAAP operating income, and GAAP net income for the 2Q2015, under new CFO Ruth Porat.
Google reported revenues of $17.72 billion and revenue growth of 11% year over year and on a constant currency basis, revenue growth of 18% year over year. Net of Traffic Acquisition Costs (TAC) of $3.37 billion, Google’s revenues were $14.35 billion. Read more […]
The 2Q2015 results of eBay Inc (NASDAQ:EBAY) showed slowing growth even as it beat estimates. This is the final time eBay’s earnings results include PayPal as they’ll start trading as two separate companies from Monday.
PayPal (Payments Business Unit)’s revenue increased 16% to reach $2.26 billion while Net Total Payments Volume reached almost $66 billion, an increase of 20% from 2Q2014 but Marketplaces Read more […]
Netflix, Inc. (NASDAQ:NFLX) added 3.28 million paying subscribers net with international subscribers making up more than twice the number of domestic subscribers. Netflix’s future growth substantially depends on international growth.
Netflix’s next target markets are Japan, Portugal, Italy and Spain and it continues to study China and look for a partner there even as Crouching Tiger And Hidden Read more […]
Carl Icahn took to Twitter this morning to announce that his company had sold the remainder of its stocks in Netflix.
The billionaire activist investor believes Apple now offers the same opportunity that Netflix offered “several years ago.”
Mr. Icahn’s Icahn Enterprises owned about 1.4 million Netflix shares according to Securities Read more […]