HP Inc. released a surprise increase in quarterly revenue after the company's personal computer outweighed pressures facing its printing operations.
Most analysts expected HP's top line to shrink in the period as it had for the past seven straight quarters when the net income declined by 63%. The company's earnings excluding those items came in higher-than the year-earlier period but slightly below analysts' average estimates.
The Palo Alto, Calif., company gets the biggest share of its revenue from PCs, a market where it is the No. 2 supplier behind Lenovo Group Ltd. But HP earned most of its profit from selling printers and the more lucrative ink and toner used with them.
Both businesses have faced headwinds when consumers have shifted spending to mobile devices and fewer people print documents, however HP has shown some success by taking a bigger share of the declining market and focusing on models that command higher prices abd profit margins.
HP announced a deal in September to buy the printer business of Samsung Electronics Co., a deal that should help the company sell multifunction printing and copying systems. HP reported net income for the fourth period ended Oct. 31 of $492 million and revenue rose to $12.51 billion from $12.27 billion.
Meanwhile, Madison Square Garden Co., whose venues include New York City's Madison Square Garden and Radio City Music Hall, said hackers may have captured personal information on credit and debit cards used at some of its venues over the span of nearly a year.
The company said cards whose data may have been captured were swiped in person at food and beverage locations from Nov. 9, 2015, through Oct. 24 of this year at Madison Square Garden, the Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre in New York and the Chicago Theatre in Illinois.
Criminals, the company said, installed a program that allowed them to read and capture data on cards' magnetic stripes, including cardholder names, card numbers, expiration dates and verification codes.
CHINA- Earlier this year, a Shanghai couple with a newborn daughter got divorce in order to buy their fourth home. The couple wanted to live near Shanghai Jiangning School, in the city's Putuo Disctrict. Ms Li, who works in internet operations in Shanghai, and her husband hoped to enroll their daughter there one day.
Ms. Li, who declined to disclose her full name said that divorce is not some great thing nut we needed to buy before it got more expensive.