Crowdsourced online review site Yelp — a favored destination for consumers looking for restaurants, nail salons or plumbers — has company. Internet giants Google (GOOGL) and Facebook (FB) continue to expand in offering user reviews as they look to reel in more local, small-business advertisers. And for the past two quarters, Yelp (YELP) has failed to sign up as many new local business accounts as Wall Street expected, hurting its stock. Social
Big-cap biotech Amgen (AMGN) beat Wall Street’s third-quarter estimates and guided full-year earnings a bit above consensus Monday, sending its recently hot stock up 1% in after-hours trading. Amgen’s earnings excluding one-time items rose 19% over the year-ago quarter to $2.30 a share, beating analysts’ consensus by 19 cents, according to Thomson Reuters. Sales increased 6% to $5.03 billion, about $70 million ahead of estimates. On the conference
For the first time, a Nielsen rating will count viewership beyond traditional television, likely spurring more streaming-only options. Already, CBS (CBS) and Time Warner’s (TWX) HBO separately this month said that they will offer a la carte TV streaming services for cable cord cutters. The moves mark a significant step in TV’s evolution. More such services could come to a TV audience wondering what’s taken the industry so long. “(It’s an)