Internet entrepreneur Brad Greenspan said Dow Jones could be worth $100 a share if it accepted his proposal to invest in the company instead of selling to Rupert Murdoch's News Corp.
A surprise jump in hiring and operating expenses shook investor confidence in Google for the second time in its three years as a public company, sending its shares down 6 percent on Friday.
I'm blogging from a Barnes and Noble which is readying for Harry Potter's final book going on sale at midnight. Handmade, full-size "magic" brooms are hanging from the ceiling and anxious Potter fans are rereading the past books in line for wristbands for tonight's pre-Potter party. This book is a pricey 35 dollars, five dollars more than the last book's listed price, and it's going to make several companies very, very happy.
Tech earnings for the week are in the books and we now all get to look ahead to Apple Inc.'s earnings next Wednesday. But reading the tea leaves from some of the biggest names reporting this week may signal a pretty good uptick in tech. And despite NASDAQ's declines today, some positive trends are developing that may signal a nice opportunity for investors.
Google reported its second quarter results after markets closed Thursday, posting a 28 percent rise in quarterly profit that fell short of consensus expectations -- despite rapid international growth and market share gains. Eric Schmidt, chief executive of Google, cited a "seasonally slow quarter.”
Earnings misses by tech darling Google and Caterpillar, one of the Dow's power drivers, are adding to a wobbly opening on Wall Street. Citigroup though is a bright spot with a better than expected 18 percent profit gain and record revenues from investment banking and overseas business.
Web search leader Google said Friday that it would participate in an upcoming wireless spectrum auction if the U.S. Federal Communications Commission added a key condition.
Social networking isn't enough. Now there's a new online technology called "social broadcasting". A company called Now Live (nowlive.com) allows you to host an Internet based interactive talk show. Using a regular phone line--Google Talk, or Skype--you can broadcast (or simulcast) a talk show or conversation over the Internet--depending on who's doing the talking. And, all the other Now Live users you invite in can share pictures and video as well. I suppose it's like a super high-end version of video conferencing.
With all the talk about the “Fake Steve Jobs” at www.fakesteve.blogspot.com, (including on this blog), followed by the "Fake Gene Munster," the Piper Jaffray analyst who covers Apple, at www.fakegene.blogspot.com (Jim Goldman alerted us to this one yesterday), it seems to me all the attention goes to the fakes. So, what if there was a “Fake Jane”? I mean, I’m kinda fake already, but what about someone pretending to be me--an evil, bitter, insecure version of me? Ok. Me.
An interesting email came into the Realty Check mailbox yesterday, an offer really. “Our company, 1-800-CashOffer, is a nationwide network of professional real estate investors. Our investors (including ourselves in our local market) help homeowners in financial trouble by providing them with a quick way to sell their homes for cash, often avoiding foreclosure and the associated damage to their credit rating.
So, earlier today, I delved into the drama gripping the blogosphere: Fake Steve Jobs and the efforts to unmask him. Now we have a fake Wall Street analyst purporting to be one of the key voices covering the company.
Amazing how a soap opera turns into a saga when lawyers get involved, but such is the case with the ongoing web mystery swirling around Fake Steve Jobs. Have you been following this? If you have, you may have seen my colleague Jane Wells' blog post yesterday about the Fake Steve Jobs, where she pointed out some of his "ramblings."
Wal-Mart is test marketing religious action toys, hoping there's a Goliath-like appetite out there for something other than Bratz dolls or Dragon Ball Z. The toys are being made by One2believe in California, and they'll be rolled out in August at 425 Wal-Mart stores. The test stores are not just in the Bible Belt, but in places like California. The action figures include a 3" tall figure of Daniel in the lion's den, and a foot-tall talking Jesus. What would Jesus do? Ask him! He talks!
EBay on Wednesday posted second-quarter earnings per share of $0.34 on revenue of $1.83 billion, topping Wall Street expectations and its own outlook.
Whoever writes www.fakesteve.blogspot.com says he (she?) isn't the Apple CEO, he just plays him on the internet. The true author is the object of much speculation inside the tech circle. The only clue we have is that "Fake Steve" claims he (she??) "invented the friggin iPod," a jab at the real Steve Jobs. On the blog Fake Steve rips on everyone.
Google said Tuesday it is expanding its Print Ads program to allow online advertisers nationwide to place print advertisements in 225 newspapers, serving half of U.S. newspaper readers.
Yahoo on Tuesday posted second-quarter earnings of $0.11 per share -- in line with estimates -- and flat with earnings per share of of $0.11 in the same period a year ago. Revenue for the three months ended in June rose 8% to $1.244 billion, compared with $1.123 billion in the second quarter of last year.
The Final Table of the World Series of Poker begins today at 3 p.m ET. You can order it on ESPN.com for $19.95 and watch it live if you want. I’m not going to talk about specific names, so there’s no need to turn away if you don’t want to know who made it the finals. Enough of the disclaimers. Now let’s get to the point.
Google owns YouTube, the hottest platform for parodies. Here's my favorite take on Apple, and its new "eyePhone"...
Hackers stole information from the U.S. Department of Transportation and several U.S. corporations by seducing employees with fake job-listings on ads and e-mail, a computer security firm said on Monday.