News Corporation’s first-quarter profits down 30% after drop in television advertising revenue

News Corporation, parent company of The Times, reported a 30 per cent drop in first-quarter profits, as falling revenues from television advertising and declining film studio sales hit the bottom line.

Google grows profit and revenue in Q1 (InfoWorld)

InfoWorld - Google posted solid growth in its revenue and profit during 2008's first quarter and exceeded Wall Street expectations in both categories amid widespread concern that the search engine giant's results would be weak.

The beat goes on

The right numbers are up. But momentum? That's another thing. A look back at last year's business events and trends and how they impacted the biggest 500 companies in Canada

HP surprises Wall Street with size of EDS job cuts

When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company.

Melbourne IT on track for profit growth

Online services provider Melbourne IT Ltd says it is on track to deliver growth in revenue and profit, after booking a 20 per cent lift in half year profit.

Social-networking sites work to turn users into profits (USATODAY.com)

USATODAY.com - SAN FRANCISCO - Facebook, MySpace and other social-networking sites have been the rage of the tech industry for more than a year. Following investments by Microsoft and News Corp., the companies are valued in the billions of dollars and are considered blueprints for how to build a website. Yet a deeper question lingers: How are they going to consistently produce profits to match their soaring valuations?