News Update

Procter & Gamble (NYSE:PG) topping profit estimates for the fourth quarter. The consumer products company's net income rose 45% to $3.63 billion or $1.24. Excluding some items, total EPS came in at $0.84, above the $0.77 cen

From Fnno.com, this is the Financial News Network, your source for the latest business news. Here's a few things to watch for in the financial world today August 3.

Zynga, the company behind games like "Farmville" and "Words With Friends", hopes to stir consumer interest with today's "Unleashed" event in San Francisco. At the event, Zynga is unveiling a spate of new games.
The company

Lanai, Hawaii's sixth-largest island, was once famous for its pineapple fields. Now, it's more famous for its luxury resort life. Software mogul Ellison, the third richest person in America, has bought the island from previous own

Prepare to be jealous: Wednesday night, Hawaii's governor Neil Abercrombie announced that Oracle Corporation CEO Larry Ellison has bought 98% of the Hawaiian island Lanai.

The boost, however, was short lived. Spanish banks came back to the worry zone. The borrowing costs in Spain soared and the question is how would the government find additional money to bail out its troubled banks.

Euro fell under 1.25, marking its weakest day since June 2010. The currency got a boost earlier in the day after polls in Greece showed that there are more voters supporting politicians who back the nation’s bailout ahead of the

Michael Weiss, Chairman, President and Chief Executive Officer stated: "Our Board believes that at the current price our stock is undervalued based on many criteria, including the long-term growth prospects for the Company, and th

Just after its earnings release this week, Express (NASDAQ:EXPR) announced a new $100 million share repurchase program to use the firm's available cash over the next 18 months.

The company released its finances for 2011, saying their sales jumped tenfold to $100 million. Since its release of Angry Birds back in 2009, Rovio has remained at the top of the charts with more than 800 million downloads and ov

The company behind on of the most successful mobile games to date is planning on an initial public offering. Rovio Entertainment, the company behind the highly successful "Angry Birds" announced its business is strong enough for

Internationally, the movie made $151.5 million in 52 markets over the weekend, adding to the abroad total of $441.5 million.

Superheroes are apparently better than wizards. "The Avengers", from Walt Disney's Marvel Studios, beat the box office weekend record by taking in an estimated $200.3 million domestically, greatly surpassing the previously held r

This is what's in the news for Monday, May 7, 2012. The Wall Street Journal reports wireless carriers are beginning to change the terms of smartphone deals that have mostly benefited phone makers like Apple (NASDAQ:AAPL), in a mo

Each share of the 163.9 million being sold will be at a price of $30.50 each. This is below the closing price Friday May 4th of $32.83 a share. The sale will bring the government's stake down to 63% of the company from 70%.

This is the third offering the government has made of AIG in the past couple years.

The U.S. government is continuing to sell its stake in companies after the 2008 bailout. The U.S. Treasury Department agreed to sell $5 billion of American International Group shares in a stock offering, with AIG buying $2 billio

The company will drop its $10, 1,000-message plan, but it will keep its unlimited messaging plan for $20.

They also have an unlimited plan for families of up to five lines for $30 per month.

AT&T (NYSE:T) has a potential upside of 11.7% based on a current price of $29.17 and an average consensus analyst price target of $32.58.

AT&T (NYSE:T) is trimming its individual messaging packages on August 21.