DENVER (AP) - Chipotle Mexican Grill Inc.'s earnings soared more than 61 percent in the second quarter but its shares plunged in Thursday after-hours trading after the popular restaurant chain's revenue growth missed expectations. The Denver-based company has been a market darling for some time as consumers have flocked to its growing chain of fast-casual restaurants for tacos, bowls and burritos. <p ...
SUNNYVALE (AP) - Trouble in the global economy dragged Advanced Micro Devices Inc.'s net income down 40 percent in the second quarter, and the world's second-biggest chipmaker warned that revenue will continue to be hurt through the rest of the summer. "Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe ...
SAN JOSE (AP) - EBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites.
FDA APPROVES HIGHLY ANTICIPATED WEIGHT-LOSS PILL: WASHINGTON (AP) - The Food and Drug Administration on Tuesday approved a new weight loss drug from Vivus Inc. that many doctors consider the most effective therapy in a new generation of anti-obesity pills designed to help patients safely shed pounds.
CUPERTINO (AP) - A published report says the new iPhone will have a thinner screen. That could leave more room for a larger battery. The Wall Street Journal is citing unnamed people familiar with the matter in reporting that the new iPhone will have a screen that can sense touches without the need for a separate, touch-sensitive layer. <p style="line-height: 18pt; background: ...
LOS ANGELES (AP) - Viacom has decided to let new episodes of "The Daily Show with Jon Stewart" and "The Colbert Report" be shown on its websites, easing a blockade of online viewings that it imposed last week in a fee dispute with DirecTV. Tuesday's move came a day after both shows resumed new episodes following a two-week hiatus. The blockade had ...
SANTA CLARA (AP) - Intel, one of the pillars of Silicon Valley, is following its traditions and promoting an insider to the job of CEO. The world's largest chipmaker is tasking Chief Operating Officer Brian Krzanich with steering it through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers. <p class="MsoNormal" style="line-height: 18pt; margin: 0in 0in ...