Category: Business

Research in Motion Earnings Up 31%, Stock Plummets 11%

Canada’s Waterloo, Ontario based Research in Motion, maker of the best selling Blackberry devices, announced today that fourth quarter profit rose 31%.  Sounds good when you say it like that.  Unfortunately, for shareholders, RIMM didn’t meet analyst expectations, and the stock is currently trading down 11% in after hours trading. [ad#Google Adsense] The company reported

Microsoft Kinect Devices and Kinect Games Sales Top 10 Million Units Each

In Microsoft Corps quest to take over the gaming world, things are looking exceptionally good.  Yesterday, Microsoft Corp announced incredible new sales milestones for it’s Microsoft Kinnect motion controller for Xbox 360, as well as for Kinnect games.  Microsoft says they hit the ten million unit mark on the ultra popular Microsoft Kinnect controller that

Walmart Raises Dividend a Whopping 21%

Citing increased sales, profits, and cash flow from last fiscal year, Walmart (symbol: WMT) announced an impressive dividend raise of 21% today.  Walmart is raising it’s annual dividend from the current $1.21 to an annual $1.46 payout.  That translates to an annual dividend yield of 2.73% based on todays closing price of $52.01.  After the