Yahoo! Finance News – John Idol, Apple, Sprint Nextel Corp, Netflix Inc., SoftBank, Well-Heeled Buyers Give Michael Kors Another Profit Beat
High-end clothing and handbag designer Michael Kors provided further evidence that global consumers appear to be rather happily spending on extravagant goods. One day after jewelry seller Tiffany topped analysts’ expectations for its most recent quarter, Michael Kors showed impressive numbers to end its first full year as a publicly traded company.
Apple Promises “Incredible” New Products. Again.
Fresh from his triumph in Washington D.C., Apple (AAPL) CEO Tim Cook took the stage at All Things D’s D11 Conference and assured an increasingly skeptical world that his company hadn’t lost its step creatively. Cook said: “We have some incredible plans that we’ve been working on for a while.”
Sprint, SoftBank Agree to National Security Deal with U.S
Sprint Nextel Corp and Japan’s SoftBank Corp entered into an agreement with U.S. authorities on the national security aspects of the Japanese company’s pending .1 billion deal to win control of the wireless carrier.
Netflix Stock Sinks on Mixed Reviews of “Arrested Development”
The hoopla surrounding the return of “Arrested Development” on Netflix’s Internet video service has quickly dissolved into a letdown on Wall Street. Netflix’s stock fell by more than 6%, as investors reacted to critics’ mixed reviews over the weekend of the first new “Arrested Development” episodes since Fox canceled the TV series seven years ago.
Sprint, SoftBank Reach Deal With US Over Security Concerns
Sprint Nextel and Japan’s SoftBank reached an agreement in principle with the U.S. government to address national security concerns arising from the Japanese company getting control of the U.S. telecom carrier.