Wednesday, 21 January 2009
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Business News & Wrapup Of The Day
- Mastercard, Visa Warn Security Breach May Compromise Data - Visa and MasterCard have begun notifying member banks around the nation to contact patrons whose card accounts may have been compromised in the Heartland Payment Systems data breach.
- Apple Profits Beat Expectations, Shares Jump - SAN FRANCISCO (Reuters) - Apple Inc's quarterly profit beat expectations on strong iPod and Mac computer sales, and the company gave an outlook that cheered investors, sending its shares up 9.5 percent on Wednesday.
- Intel to Layoff 5,000, Close Five Plants - Amid speculation it may be close to reporting its first quarterly loss in 22 years, Santa Clara computer chip maker Intel Wednesday said it will lay off at least 5,000 employees — including an undetermined number in the Bay Area — and shut five manufacturing plants.
- Richard Parsons is Named Citigroup Chairman - Richard D. Parsons swatted down talk last November that he might become the chairman of Citigroup, the struggling financial giant. “I have every confidence that we have the right team on the field to pull this thing out,” Mr. Parsons, then chairman of Time Warner and a Citigroup director, said in an interview with CNBC.
- eBay Falls After Forecast Misses Analyst's Estimates - Jan. 21 (Bloomberg) -- EBay Inc., the world’s biggest Internet auctioneer, tumbled in late trading after giving a first-quarter forecast that missed analysts’ estimates and saying the value of goods sold on its site dropped.
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