NEW YORK (AP) - Darden Restaurants' third-quarter net income dropped 18 percent, as it dealt with soft sales at Red Lobster but the performance still beat Wall Street's expectations. The Orlando, Fla., company said Friday that sales at its Olive Garden, Red Lobster and LongHorn Steakhouse restaurants open at least a year fell a combined 4.6 percent. This ...
NEW YORK (AP) - Pepsi is rolling out a new shape for its 20-ounce bottle for the first time in about 17 years. The new bottle has a contoured bottom half that appears easier to grip, and the wraparound label is shorter so that more of the drink is exposed. The change follows a number of splashy moves in the past year ...
HP HIKES QUARTERLY SHAREHOLDER PAYOUT 10 PCT: PALO ALTO (AP) - Personal computer maker Hewlett-Packard Co. says its will raise the quarterly dividend it pays shareholders by about a penny to 14.5 cents per share.
SUNNYVALE (AP) - Yahoo has bought Silicon Valley startup Jybe so it can bring back five of its former engineers to help the Internet company build better mobile applications. The deal announced Wednesday marks Yahoo's fourth acquisition of a small startup during the past five months. In each instance, Yahoo been more interested in obtaining the startups' brainpower than the services that ...
LOS ANGELES (AP) - Researchers at Hewlett-Packard Co. have developed a way to put glasses-free 3-D video on mobile devices with a viewing angle so wide that viewers can see an object more fully just by tilting the screen. Glasses-free 3-D is not unique. Nintendo Co. Ltd.'s 3DS handheld allows video game play in 3-D without glasses, but it requires players to ...
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 ...