Discover Financial Services 4Q net income rises

LOS ANGELES (AP) — Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.Even so, the Riverwoods, Ill.-based company's results fell short of Wall Street expectations, and investors sent its shares down over 3 percent Thursday.Discover, the nation's sixth-largest...

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Oracle beats outlook, shrugs off fiscal debate

BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street...

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RIM shares fall at the open after earnings

TORONTO (Reuters) - Research In Motion Ltd fell in early trading on Friday following the BlackBerry maker's Thursday earnings announcement, when the company outlined plans to change the way it charges for services.RIM, pushing to revive its fortunes with the launch of its new BlackBerry 10 devices next month, surprised investors when it said it plans to alter its service revenue model, a move that...

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Syrian president to give speech Sunday

BEIRUT (AP) — Syrian President Bashar Assad will deliver a speech on Sunday in a rare address to the nation, state media said, as rebels fighting to topple his embattled regime pressed ahead with an offensive on the capital.The official SANA news agency said in a brief statement Saturday that Assad will speak about the latest developments in Syria. The speech would be the first by the leader since...

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Iran parliament seeks full probe in blogger death

Iran parliament seeks full probe in blogger deathTEHRAN, Iran (AP) — Iran's parliament is urging the judiciary to thoroughly investigate the death of a blogger in custody and monitor police stations to prevent further abuses.A parliamentary committee statement read during a Sunday session of the legislature called for a "special" investigation into the November death of Sattar Beheshti.It is not clear...

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Israel leader appeals for right-wing votes

JERUSALEM (AP) — Israel's Prime Minister Benjamin Netanyahu appealed in a rare interview on Sunday to his right-wing base to cast ballots for his list, rather than hawkish alternatives, to prevent his being unseated by a potential center-left coalition.His appeal reflects developments in recent weeks that have left Netanyahu more vulnerable ahead of Jan. 22 elections: the emergence of a charismatic...

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Oracle beats outlook, shrugs off fiscal debate

BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street...

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