Archive: 21/07/2011

Ericsson reports profit leap, shares slump

Swedish telecom equipment maker Ericsson reported Thursday a 65 percent jump in second quarter net profit on strong sales but this still fell short of expectations and its shares slumped.

dateJul 21, 2011 in Business
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Australia mulls Facebook 18+

Australia on Thursday said it was considering upping the restrictions placed on Facebook, giving parents access to their children's pages and requiring proof of age at sign-up.

dateJul 21, 2011 in Internet
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NY Times Co. posts 2Q loss weighed by writedown

(AP) -- The New York Times Co. reported a second-quarter net loss Thursday because of an accounting adjustment it made for the declining value of its smaller newspapers. But early results from its flagship paper's paid digital ...

dateJul 21, 2011 in Business
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Google's lobbying bill tops $2M for 1st time in 2Q

(AP) -- Google Inc.'s quarterly lobbying expenses surpassed $2 million for the first time during the spring and early summer amid U.S. government scrutiny that hatched a wide-ranging investigation into the Internet search ...

dateJul 21, 2011 in Business
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