first quarter

Earlier this week Apple released their earnings report for the first quarter of FY2012. As we reported then, the company had its best quarter ever, bringing in $46.33 billion dollars in revenue, beating estimates by more than $8 billion.

After a sizzling first quarter, the weakening economy and an array of worrisome global events have Wall Street planning for big revenue drops and new rounds of layoffs.

Shares in Chinese auto and battery maker BYD Co. jumped 44 percent in their debut on the Shenzhen Stock Exchange on Thursday, despite news that the company's profit fell by 84 percent in the first quarter.

U.S. economic growth was revised modestly higher in the first quarter to account for a slightly faster pace of restocking by businesses and a smaller increase in imports.

AT&T Inc said its $39 billion plan to buy T-Mobile USA remains on track for approval in the first quarter of 2012.

In a recent release by IDC regarding the worldwide server market in the first quarter of 2011, HP came out on top with a 31.5% market share.

Japan's government says the economy shrank at an annualized rate of 3.7 percent in the first quarter.

Venezuela's economy expanded 4.5 percent for the first quarter, confirming a growth trend after nearly two years of recession, officials said Tuesday.

Casino operator MGM Resorts International said Wednesday that it lost slightly less money in this year's first quarter than last year's and its overall revenue rose slightly, even with a 5 percent drop in gambling revenue.

Korean Air's net profit in the first quarter jumped 49 percent on investment and foreign currency gains.