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Time Warner 4Q earnings up, raises dividend 11 pct

Time Warner is reporting a 51 percent increase in fourth-quarter earnings even as revenue was largely unchanged. Rising fees from cable and satellite companies and higher ad revenue at the TV networks offset revenue declines ...

Philips loss shrinks in Q4; sheds division (Update)

Royal Philips Electronics NV Tuesday said it will sell the entertainment division which contains many of the consumer products for which it is best known, such as audio and video equipment, to Funai Electric Co., Ltd., of ...

'Gangnam Style' a YouTube ad hit: Google

Google on Tuesday touted YouTube video "Gangnam Style" by South Korean rapper Psy as an advertising success that has reaped more than $8 million in ad revenue.

Apple's profit rocket hits air pocket

Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines.

Verizon Communications 4Q loss widens

Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.

Wipro profits up 18 pct on strong demand

Wipro reported an 18 percent rise in December quarter profits Friday, beating expectations as global cost-cutting drives global businesses to Indian outsourcing companies.

Sharp shares soar in Tokyo on profit report

Sharp shares jumped nearly 13 percent in Tokyo trading on Friday after a Japanese media report said the embattled electronics giant logged an operating profit in the last quarter of 2012.

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