Computer security software maker Symantec Corp. has posted a disappointing 58 percent drop in profits from a year ago in its fiscal first-quarter report, blaming the situation on the softening of demand on the part of corporate customers. In response to the company’s report, shares slid more than 7 percent to $15.90 in late trading.
 
Symantec took in $1.43 billion in revenue this quarter, down from $1.65 billion, and posted earnings of 34 cents per share, excluding special items. Analyst expectations had the software company doing somewhat better, predicting $1.49 billion in revenue and 35 cents per share. Symantec CFO James …read more

The Business Coalition for Innovative Climate and Energy Policy (BICEP) announced today that three new members would be joining this organization, which was started four months ago by Ceres. Joining founding companies Timberland, Nike, Sun Microsystems, Starbucks, and Levi Strauss are Gap, eBay, and Symantec.
The new members were introduced at a business breakfast and policy forum, hosted by Ceres at the Willard Hotel in Washington, D.C. The group hopes that by joining forces, they’ll have a louder voice in calling for strong U.S. climate and energy policies over the next year. EPA administrator Lisa Jackson opened the forum today, saying,
“Leadership …read more