Walt Disney Co.'s fiscal first-quarter net income showed a net profit of $844 million, down slightly from a year earlier, but revenues were up 1% to $9.7 billion -- in part because the parks' New Year's Week revenue was added to Q1 this year.

Continue reading Disney Reports Flat Earnings But Sees Conditions Improving

Disney Reports Flat Earnings But Sees Conditions Improving originally appeared on DailyFinance on Tue, 09 Feb 2010 18:23:00.

Filed Under: Columns, Investing, Earnings, Walt Disney

Web giant Google unveiled a new social-networking product called Google Buzz, but initial reactions to this souped-up version of its Gmail service were not positive. Some wonder whether Google's new offering may be too little, too late to stem the explosive growth of Facebook and Twitter.

Continue reading Google's Bad Buzz: Microsoft, Yahoo Mock New Social Product

Google's Bad Buzz: Microsoft, Yahoo Mock New Social Product originally appeared on DailyFinance on Tue, 09 Feb 2010 18:15:00.

Filed Under: Google , Microsoft, Facebook, Twitter

In a chat with Warren Buffett, former Treasury Secretary Henry Paulson called on Congress to allow a special authority to wind down troubled financial institution without taxpayer-funded bailouts. He also predicted bailout money given to banks would be recovered -- with a profit.

Continue reading Paulson Predicts U.S. Will Recover 'Every Penny' of Bank Bailout Cash

Paulson Predicts U.S. Will Recover 'Every Penny' of Bank Bailout Cash originally appeared on DailyFinance on Tue, 09 Feb 2010 17:30:00.

Filed Under: People, Berkshire Hathaway

The Dow surged Tuesday on reports the European Union is hatching a plan to end the Greek debt crisis. But just because the blue-chip index sits above 10,000 again doesn't mean the latest threat to equities is over. Investors should brace themselves for more tremors to come.

Continue reading The Dow's Jump Doesn't Mean All's Well in Europe

The Dow's Jump Doesn't Mean All's Well in Europe originally appeared on DailyFinance on Tue, 09 Feb 2010 16:20:00.

Filed Under: Economy, Investing

Take a stroll up Madison Avenue and one will see a number of vacant storefronts with "for lease" signs in the windows that are too numerous to count. But that isn't stopping Hermes, which will open its first store dedicated to men's ready-to-wear, accessories on Wednesday. $8,500 handcrafted baseball mitt, anyone?

Continue reading Hermes Opens Store Just for Men

Hermes Opens Store Just for Men originally appeared on DailyFinance on Tue, 09 Feb 2010 16:10:00.

Filed Under: Company News, Retail

Investors hope to see "more of the same" when PepsiCo reports fourth-quarter earnings on Thursday morning: sports/health drink and snack sales holding their own in developed markets, and increased carbonated beverage sales in key emerging markets in Latin America and Asia.

Continue reading PepsiCo Earnings Preview: Company Is a Mirror of the Economy

PepsiCo Earnings Preview: Company Is a Mirror of the Economy originally appeared on DailyFinance on Tue, 09 Feb 2010 15:51:00.

Filed Under: Company News, Earnings, Pepsico

Already besieged by two recalls this year, Toyota Motor (TM) said Tuesday it is recalling 7,300 of its 2010 Camry sedans for possible braking problems, raising the number of cars the world's largest automaker has recalled to more than 8.5 million since last fall.

Continue reading Toyota Adds Some 2010 Camry Models to Recall; Feds Looking into Corolla Steering

Toyota Adds Some 2010 Camry Models to Recall; Feds Looking into Corolla Steering originally appeared on DailyFinance on Tue, 09 Feb 2010 15:50:00.

Filed Under: Company News, Technology, Toyota, Autos

Salaried employees hoping their 2010 annual raise will provide some relief as they attempt to recover from the worst economic downturn in 80 years are likely to be disappointed: Raises for U.S. workers may barely keep pace with inflation this year. The average company will budget just 2.8% of its salary pool for wage increases -- the first time in more than two decades that number has fallen below 3%.

Continue reading The Wages of Recession: Average 2010 Raises Will Barely Cover Inflation

The Wages of Recession: Average 2010 Raises Will Barely Cover Inflation originally appeared on DailyFinance on Tue, 09 Feb 2010 15:10:00.

Filed Under: Economy

With results lagging, the software giant just replaced its CEO. That means a hard look at costs might be unavoidable because expenses are way out of line compared to those of rivals such as Microsoft and Google. And that means layoffs may be looming.

Continue reading The Tough Choice Facing SAP's New Leaders: How to Cut Costs

The Tough Choice Facing SAP's New Leaders: How to Cut Costs originally appeared on DailyFinance on Tue, 09 Feb 2010 15:00:00.

Filed Under: Company News, Technology, IBM, Google , Microsoft, Apple, SAP

Fed Chairman Ben Bernanke and a panel of top economists will go before a House committee to discuss the right way to remove the crutch of government stimulus from the economy so that it doesn't knock the nation back into recession.

Continue reading House Panel to Ask Experts About Unwinding Stimulus

House Panel to Ask Experts About Unwinding Stimulus originally appeared on DailyFinance on Tue, 09 Feb 2010 14:18:00.

Filed Under: Economy, People, Investing, Credit