revenue news stories on Newser

So What's in the Debt Deal?

Matt Cantor — Mon, 01 Aug 2011 10:51:05 CDT

No revenues, big budget cuts—what exactly is in the debt-ceiling deal? Ezra Klein sums it up in the Washington Post : $1 trillion in immediate cuts with at least $1.5 trillion more to come; a vote on a balanced budget amendment; and an immediate $900 billion increase to the...

Facebook Pulled in $800M in '09

Kevin Spak — Fri, 18 Jun 2010 10:28:33 CDT

Facebook made a lot more money last year than it let on. The company’s actual revenues were close to $800 million, sources tell Reuters , which translates into tens of millions in profits. Facebook had forecast $500 million in revenue, and analysts had assumed the actual number was in that vicinity.

Ticket-Crazed Virginia Hands Out 6,996 in One Weekend

Harry Kimball — Thu, 11 Mar 2010 09:12:00 CST

In the olden days, cops handed out traffic tickets to keep us safe; in our brave, new, cash-strapped world, states and municipalities are pushing police to hand out as many as possible—for the money they bring in. Just look at Virginia, where last weekend police wrote 6,996 tickets...

McDonald's Will Offer Free Wi-Fi

Nick McMaster — Wed, 16 Dec 2009 14:23:26 CST

McDonald's will stop charging for Wi-Fi starting early next year at most of its locations. The chain currently charges $2.95 to connect to the Internet for 2 hours, but will drop the fee at 11,000 of its 14,000 US restaurants. The chain is likely hoping to lure...

Yahoo Triples Profits After Cost-Cutting

Tue, 20 Oct 2009 16:11:16 CDT

Yahoo’s third-quarter profit more than tripled even though the company's quarterly revenue fell in the double digits for the third consecutive time. The earnings improvement reported today was primarily driven by extensive cost-cutting that has eliminated more than 2,000 jobs in the past year. The company, however, is still...

New York Times to Cut 100 Newsroom Jobs

Nick McMaster — Mon, 19 Oct 2009 16:17:12 CDT

In an effort to continue cutting costs, the New York Times will eliminate 100 jobs from its 1,300-person newsroom. The paper will offer buyouts before instituting layoffs if necessary, executive editor Bill Keller said in an email to his staff. The move comes on the heels of an across-the-board...

Court Ruling Scuttles Del. Sports Gambling Plans

Nick McMaster — Mon, 24 Aug 2009 16:29:01 CDT

A federal court quashed Delaware’s bid to legalize single-game sports betting today, ruling that the gambling expansion violated a 1992 federal law, the News Journal of Wilmington reports. State lawyers had argued Delaware was exempt from the Professional and Amateur Sports Protection Act under a grandfather clause, but a three-judge...

Funny People Puts Serious Pressure on Sandler

Evann Gastaldo — Fri, 31 Jul 2009 14:22:02 CDT

Though it’s called Funny People , Adam Sandler’s latest film is a bit more serious than his fans are used to—and its opening-weekend performance is a mystery, Variety reports. Forecasts range from just over $20 million to more like $35 million, Audiences loved director Judd Apatow’s prior efforts—which were...

Don't Celebrate Yet: Earnings Are Up, but Not Sales

Clay Dillow — Mon, 11 May 2009 12:05:25 CDT

The fact that 66% of American companies beat their first-quarter earnings expectations is good, writes Henry Blodget in Clusterstock, but not as good as it looks. A closer examination of the data shows that while profits increased, revenues did not, and “you can’t fire your way to prosperity.” Earnings show...