Facebook said Chief Financial Officer David Ebersman is leaving as sales and profit blew past analysts' estimates. Ebersman is stepping down later this year, to be succeeded by David Wehner, who joined from Zynga in 2012, the California-based company said today in a statement.
US stocks declined, halting the Standard & Poor's 500 Index's longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.The S&P 500 fell 0.2 per cent to 1,875.39 at 4pm. in New York. .
Local stocks are poised to open little changed on a neutral lead from Wall Street.
Shares in Australian pharmaceutical firm QRxPharma have plummeted 80 per cent in a major shareholder revolt after the company failed to win regulatory approval for its painkiller drug MoxDuo to be released in the US.
Wednesday's March quarter consumer price index result is a get-out-of-jail card for the markets, the Reserve Bank and the Australian government as it prepares a budget for 2014-15 that will walk a razor's edge.
Unilife, the retractable syringe maker headed by colourful Irishman Alan Shortall, has finally hit back at ''malicious blogs'' by ''short sellers'' who accused it of hiring PR companies to write glowing articles about the company.
After leaving investors in the dark for almost two weeks, iron ore tiddler Padbury Mining has confirmed Roland Bleyer and his ''private equity'' network of companies are the mystery funders behind its $6.4 billion deal to finance the stalled Oakajee port and rail project.
A weaker than expected rise in consumer prices over the first three months of this year has sparked a sharp fall in the dollar and pushed back expectations of an increase in interest rates.
The sharemarket has hit post-financial-crisis highs after a surprisingly low inflation report and a rally in the big banks' stocks continued.
SCHOOL holidays are not just for the young ones so Port News has put together a list of ...