William Brannick's List: Business Class

• Driven in part by a 21% gain in its digital advertising business,
• quarterly revenue of $589.6 million, a 1.2% increase from the same period last  year
• print advertising, however, dropped 6.1%, which was the same percentage decrease  the company saw the previous quarter, indicating continued erosion of the print  ad market.
• But despite the company's growth in digital advertising Ms. Robinson said the  Times will launch a paid-for app for the iPad sometime soon, though she did not  indicate a date.
• Online advertising represented one of the company's biggest gains on the balance  sheet, currently representing 26% of the Times' overall advertising income.

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• Growth in mobile customers’ average monthly bills “is the potential driver of  future revenue growth for the company as a whole.”
• Revenue fell less than 1 percent to $26.8 billion. The net loss was $198  million, or 7 cents a share, after a profit of $1.48 billion, or 52 cents, a  year ago
• Verizon rose 48 cents, or 1.8 percent, to $27 in New York Stock Exchange  composite trading yesterday. The shares had lost 13 percent this year before  today.

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• BP expects to have a new seal on the gushing well sometime within the next seven  days and it will take two to three weeks to connect all the surface vessels  involved to the wellhead.

  • This is important