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SAN FRANCISCO Workday Inc. on Wednesday reported a third-quarter loss of $ 41.5 million, or 67 cents a share, compared with a loss of $ 19.8 million, or 66 cents a share, for the year-earlier period. Revenue was $ 72.62 million, up from $ 36.45 million. On an adjusted basis, the company reported a loss of 39 cents a share. Analysts were expecting the company to report a loss of 49 cents a share, on revenue of $ 64.05 million, according to a consensus survey by FactSet. For the current quarter, the company said it expects revenue in the range [...]

Jim O’Neill: The U.S. fiscal cliff now a greater market concern than the eurozone crisisSituation in Washington risky “because we’re not sure which way the politics are going to go”While eurozone debt crisis continues, markets appear more confident the euro will hold”When the markets press them … these guys are going to do things to keep the euro alive” Despite the long, drawn-out debt dilemma in the eurozone — or in way, because of the prolonged worries there — the looming fiscal cliff in the U.S. is now the top concern of Goldman Sachs’ Jim O’Neill.”I think the U.S. thing [...]

SAN FRANCISCO Shares of Trulia Inc. fell sharply on Thursday, after the online real estate-listing company reported a bigger loss in the third quarter. Trulia stock was down 13% to $ 18.70. However, Needham analyst Kerry Rice kept a buy rating on the stock saying in a note that the company’s results and fourth-quarter guidance were “above expectations.” Trulia reported revenue of $ 18.54 million, up sharply from $ 10.53 million in the year-earlier period. “The upside was driven by mobile monetization and high engagement levels,” Rice wrote. “We expect these trends to continue in the fourth quarter.” Trulia stock [...]

SAN FRANCISCO Trulia Inc. on Wednesday reported a third-quarter loss of $ 1.69 million, or 19 cents a share, compared with a loss of $ 1.5 million, or 22 cents a share, for the year-earlier period. Revenue was $ 18.54 million, up from $ 10.53 million. Analysts were expecting the online real-estate listing company to report a loss of 11 cents a share, on revenue of $ 17 million, according to a consensus survey by [...]

TOKYO Japan’s Sharp Corp, the struggling maker of Aquos TVs, increased its full-year operating loss forecast to 155 billion yen ($ 1.94 billion) from a previous 100 billion yen loss forecast. At a net level, it almost doubled its full-year loss forecast to 450 billion yen. Sharp said, however, it expects to post an operating profit in the current October-March second half, after losing 168.9 billion yen ($ 2.11 billion) in the first half year – a target that will allow its banks to justify a $ 4.6 billion bailout of the TV maker. Sharp has secured fresh loans from [...]

Apple Inc’s (AAPL) new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to safeguard its edge over rivals like Samsung Electronics Co Ltd and Google Inc (GOOG). The iPhone 5 fulfilled many of the expectations laid out by gadget geeks and technology analysts ahead of its Wednesday unveiling but offered few surprises to give Apple shares — already near record highs — another major kick. “There is not a wow factor because everything you saw today is evolutionary. I do think they did enough to satisfy,” said Michael Yoshikami, chief [...]

There was lively debate among Business 360 readers on question posed by Friday’s post China slowdown bigger worry than eurozone?The heart of Friday’s post was the conversation CNN’s Richard Quest had with Jim O’Neill, chairman of asset management for Goldman Sachs, that the slowdown of developing economies such as China was more worrisome than the eurozone crisis.Many of the dozens of comments from Business 360 readers can be summed up in two words: What slowdown?Jon B: “Im an American and Ive been living in China for 5 years. Yes, businesses are hurting and prices are rising, but Chinas people are [...]

Hong Kong – Will China’s economy have a hard landing, soft touchdown or slow ascension?The lack of strong action Thursday from the European Central Bank on Europe’s spiraling debt crisis – coupled with similar inaction from the U.S. Federal Reserve on the slowing U.S. economy earlier this week – has ratcheted global investor stress on how China will handle its own slowdown.The question percolated throughout interviews on CNN International business shows this week.“It is quite disturbing that Brazil and India have slowed down so much, obviously there’s this huge debate going on about China’s slowdown,” Jim O’Neill, chairman of asset [...]

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