Amazon profits hit by increased competition October 26, 2005 Amazon, the online bookseller, last night unveiled a $30m (£16.8m) profit for the third quarter. Some of the gloss was taken off increased sales, however, as it admitted that a patent dispute had cost it $20m. Seattle-based Amazon made a one-off payment to settle a patent lawsuit in the third quarter. Its profit, otherwise, would [...]
Suisse is on a roll November 3, 2005 After suffering more than most when the dotcom bubble burst in 2000, Credit Suisse has pulled itself back into profitability, says Laurie Laird Just five years after the financial world was shaken by the collapse of the dotcom bubble, Credit Suisse First Boston (CSFB) has hauled itself back to profitability and respectability. Net income jumped [...]