The online search giant shows 26% rise in profits despite worsening economic conditions in the country. The announcement became a cause of 7% increase in the company’s shares in after-hours trading. During the 3Q of the 2008, Google minted $1.35bn and beaten the analysts expectations quite easily. The company said in an announcement that its Read more
According to the Columbus, Ohio-based company Limited Brands Inc., its profit dropped by more than half during the 2nd quarter. The company said that difficult retail environment was the basic factor behind drop in its profit. However, the results of the 2nd quarter beat the expectation of the company as it kept a tight hold Read more
On Tuesday, Saks Fifth Avenue chain reported huge loss for the 2Q. According to the report, Saks’ well off customers cut back on apparel in the course of a sluggish economy and it was basic factor behind that wider-than-expected loss. The operator of luxury goods retailer also predicted lackluster in activity during the rest of Read more