For Viacom, losing both Stephen Colbert and Jon Stewart is no laughing matter. One of Viacom’s (VIA) jewels has been its popular and critically acclaimed Comedy Central channel, boasting the dynamic satirical duo of Stewart’s “The Daily Show” and Colbert’s “The Colbert Report.” Viacom, which also owns BET Networks, Nickelodeon, MTV and Paramount Pictures, is losing two of its biggest stars as the company and its industry undertake a major
SanDisk, a leading maker of flash memory in smartphones, late Wednesday posted Q1 earnings that missed Wall Street expectations, as did its revenue outlook for the current quarter, and the company promised job cuts to boost its bottom line. The company’s stock was down 5% in after-hours trading, after a financial report that its CEO labeled “unacceptable.” In the regular session Wednesday, shares rose 1% to close at 71.12, down 35% from their
Epam Systems appears to be almost bulletproof. The tech services provider, which does some of its business in civil war-ravaged Ukraine, managed to beat analyst Q4 estimates despite volatile foreign exchange and Ukraine issues while continuing to cash in on ongoing contracts with large customers that include Google (GOOGL) and SAP (SAP). Epam Systems (EPAM) is now positioning itself to compete with much larger rivals, including Accenture and