United Online profits up, to buy Classmates Online
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NEW YORK--Low-cost Internet service provider United Online on Monday reported a higher quarterly profit despite slowing subscriber growth, and said it agreed to buy Classmates Online for $100 million in cash.
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Corinthian Colleges Inc. (COCO.O: Quote, Profile, Research) on Wednesday reported higher quarterly earnings as a jump in revenue from acquisitions offset a rise in costs, and its
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HARTFORD, Conn.  -- United Technologies Corp., citing growth in commercial aerospace and construction, reported second-quarter profits of nearly $1.15 billion Wednesday, up 4 percent from the same quarter last year.
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Insurer UnitedHealth Group Inc.   said on Thursday that second-quarter profit rose,  helped by higher premium revenue and favorable operating  margins.
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Market research firm reports online spending was strong this holiday season, up 19 percent from last year.
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Diversified manufacturer United Technologies Corp.  expects profit to grow by 10 percent to 14 percent next year, as strength in aerospace and commercial construction offsets the effects of a slowing U.S. housing market.
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United Online Inc., one of the country&#39;s largest Internet service providers, Monday said it agreed to buy Classmates Online Inc.
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United Online Inc. , a low-cost Internet service provider, on Monday reported disappointing growth in quarterly revenue and subscribers, and cut its full-year subscriber target for the second time in three months, sending shares as much as 7 percent lower.
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Shares of online retailers rose nearly 80 percent last year, among the best performances in the entire stock market.
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United Online Inc., a California-based provider of low-cost Internet subscription services, has agreed to buy Internet networking company Classmates Online Inc.
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CHICAGO - United Airlines parent UAL Corp. said Thursday it posted a profit from operations of $51 million in July in a report required by its bankrupt status.
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Diversified manufacturer United  Technologies Corp. UTX.N posted a 13 percent rise in  quarterly profit on Wednesday and lifted the low end of its  full-year earnings forecast range, helped by strong demand for  Otis elevators and aerospace equipment.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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U.S. buyers shopped aggressively online on Monday and Tuesday of this week, spending significantly more than they did on the comparable days last year, according to comScore.Online retail spending hit $700 million on Monday, up 33 percent from last year, and $670 million on Tuesday, up 25 percent, the Web-monitoring company said Thursday.During the first 48 days of the holiday shopping season -- Nov. 1 to Dec. 18 -- U.S. shoppers have spent almost $25 billion in online retail purchases, up 19 percent from the same period last year, according to comScore.As Christmas day approaches, the intensity of online shopping will ease up, although late-shipping deals, in-store pickup options and price reductions should keep growth rates strong in the remainder of the holiday season, comScore said.The company expects online spending during the holidays to reach $29.5 billion, which would represent a 20 percent increase over the 2006 season.Meanwhile, Nielsen Online said Wednesday that a majority of online shoppers it surveyed reported being either &quot;very satisfied&quot; or &quot;somewhat satisfied&quot; with the customer support they received from online shopping Web sites.Nielsen Online&#39;s survey found that of the 46 percent of respondents who had posted or planned to post reviews about their online shopping experience, 88 percent said those reviews were, or would be, positive.Netflix topped the survey&#39;s customer satisfaction list, having been rated &quot;very satisfied&quot; by 90.3 percent of respondents, and was followed by comparison-shopping site NexTag.com (87 percent), giant e-tailer Amazon.com (86.6 percent), Yahoo Shopping (84.3 percent) and Kohls.com (84.1 percent). Rounding out the top 10 were Barnesandnoble.com, HomeDepot.com, Circuitcity.com, eBay.com, and JCPenney.com.On the other end of the spectrum, sites that in recent days have been flagged for buckling under the strong holiday-season traffic include Mastercard.com and Macys.com.Macys.com&#39;s home page faced slowdowns throughout Tuesday, taking, at its worst, about 38 seconds to load, compared with the usual 2 seconds, according to Web site uptime and availability tracker Gomez.Apparently, while experiencing availability problems, Macys.com has been serving up a page telling shoppers that the site is crowded and that they have to wait until traffic decreases in order to be let in. An apparent screenshot of this page was posted by The Consumerist blog on Tuesday.Meanwhile, Mastercard.com has racked up downtime of almost five hours between Nov. 9 and Dec. 20, equivalent to uptime of 99.5 percent for that period, according to Pingdom, which also tracks Web site performance. As such, Mastercard.com has performed significantly worse than sites from competing credit-card companies like Discover, Visa, Diners Club, and American Express, all of which have had uptime above 99.9 percent during this period, Pingdom said Thursday.Neither Macy&#39;s nor MasterCard immediately responded to requests for comment.
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Classmates Online founder Randy Conrads was feeling good yesterday after the company he started nine years ago in the basement of his Kent home was sold for $100 million in cash to United Online Inc.
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Diversified manufacturer United Technologies Corp.  posted a rise in quarterly profit, helped by strong infrastructure demand and a recovery in its aerospace business, the company said on Wednesday.
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Internet service provider United Online Inc. on Monday posted a 42 percent surge in third-quarter profit  --  helped by expanding margins and lower telecommunications costs  --  and raised its earnings outlook for 2004.