Latest financial news.
Time Warner sees profit dip; may restate AOL figures, 11/03/04
Time Warner reported revenue growth of 5% for its third quarter, but net income declined and the company may have to restate its financial results for 2002 in connection with the investigation of accounting practices at its AOL division, the company said Wednesday. It has set aside $500 million to cover its expected legal costs.
https://www.nwfusion.com/news/2004/1103timewarne.html?nl
Report: AOL to cut 700 jobs, 11/02/04
America Online plans to lay off 700 employees, about 5% of its U.S. workforce, by the end of the year, several news organizations reported Tuesday.
https://www.nwfusion.com/edge/news/2004/1102aoljobs.html?nl
Oracle ups bid for PeopleSoft in ‘final’ offer, 11/01/04
Oracle extended what it called its “best and final offer” for rival PeopleSoft Monday, increasing its bid from $21 a share to $24 a share and at the same time eliminating some of the conditions.
https://www.nwfusion.com/news/2004/1101oraclup.html?nl
Oracle CEO Ellison looking to buy sports team, 10/29/04
Larry Ellison is passionate about more than America’s Cup sailing. The billionaire Oracle CEO is in the market for a U.S. basketball or football team, he said Friday.
https://www.nwfusion.com/news/2004/1029oraclceoe.html?nl
Ricoh withdrawing from optical disk drive business, 10/29/04
Ricoh is withdrawing from the optical disk drive business, citing price competition and declining sales in Japan and internationally, the company said Thursday.
