Martin Franklin, Jarden executive chairman, provides a look at the consumer-led recovery. The consumer is relatively healthy, Franklin says.» Read More
Everyone's talking about Facebook's new CFO, Gideon Yu, snatched from YouTube, where he helped negotiate YouTube's sale to Google. Yu clearly knows how to find a buyer for a hot property, and Facebook is hot, it's been valued as high as $8 billion. But Facebook has some other serious business going on today.
It's a weird Wednesday as we anticipate earnings news from Apple after the close later today. Weird because we got this hint into Apple's numbers from AT&T yesterday when the company disclosed 146,000 iPhone subs that first weekend the phone went on sale. We'll get a far better picture from Apple as far as iPhone sales are concerned today; but AT&T's news didn't stop Apple shares from suffering their worst, one-day point decline in seven years.
So there I was at the National Association of Realtors headquarters this morning, ready for the usual press conference on the monthly existing home sales numbers, but before the 'spiel' and the charts, the PR team passed out two interesting papers: “Fact Sheet” they each blared across the top in bold print.
Gideon Yu, 36, became chief financial officer of video-sharing sensation YouTube in September of last year, shortly before the company was acquired by Google in a $1.65 billion deal.
Shares of Amazon.com soared more than 26 percent on Wednesday, a day after the Web retailer reported its second-quarter profit more than tripled on strong sales of books, music and electronics.
Cisco Systems CEO John Chambers says we're about to enter "the second phase of the internet." He has Cramer very, very excited.
Sporadic power outages cascaded across San Francisco on Tuesday afternoon, affecting widespread areas throughout the city, including the downtown financial district, and halting its famous cable cars on the city's steep hills.
Netflix, the popular online movie rental company, confirmed to CNBC that the company's Web site has been down for several hours because of an "unanticipated outage" that occurred some time last night.
Amazon.com reported earnings of 19 cents a share for its second quarter, better than Wall Street estimates. Analysts forecast that Amazon would report a profit of 16 cents a share on sales of $2.81 billion, according a consensus estimate from Thomson Financial.
Ever wanted to meet the Woz? I DO! Change the world? Eh, not so much. Now you can do both. Apple co-founder Steve Wozniak is attending the upcoming IdeaFestival being sponsored by Best Buy's Geek Squad. It's an annual gathering of idea people--not Madison Avenue idea people, you know, the guys who brainstorm about putting monkeys in commercials--but people with ideas for changing the world! Through technology!
Too much hype? Or not enough? It's clear, from AT&T's earnings news this morning, that Apple iPhone projections were way ahead of reality. That "popping" noise could be Apple shares. I wrote earlier today that Apple's highly hyped iPhone performed nowhere near Wall Street expectations during its first 30 hours on sale: AT&T reports 146,000 activations during its first weekend on sale.
It's nice being able to pay someone else to mow the lawn. Now a company in Memphis is taking it a step further. You can pay a little more, and a crew of lawn mowing women will arrive at your house--wearing bikinis. The company is www.tigertimelawncare.com, a three-month old firm using the gimmick to get attention. It's worked.
Expedia, the online travel agency controlled by Barry Diller, said it is cutting its plan to buy back its own shares by almost 80 percent, blaming a lack of attractive financing available in credit markets.
AT&T reports earnings Tuesday and while the company's NYSE trading symbol is "T," in this case, "t" stands for telegraph, as in telegraphing what to expect from Apple which reports on Wednesday. In AT&T's case, the Street is looking for 67 cents on $29.61 billion in revenue. Rather than looking at the company's entire financial picture, I want to focus on the wireless sector since I'm really more interested in what all this could mean for Apple a day later.
The sound of marching military cadets is not normally considered the Democratic theme song. That makes the scene here in Charleston,SC, hours before the Democratic presidential candidates debate on the campus of The Citadel, decidedly out of the ordinary. But then there's nothing ordinary about this debate. In an attempt to link an old political format to new technology, questions will be posed to the candidates via YouTube.
On the heels of fakesteve.blogspot.com (the fake Steve Jobs), and my own fakeJane (the fake me, see below), it turns out everything, EVERYTHING, is fake. Even the story about the Chinese buns made out of cardboard. Or is it? That's the problem with China these days. You believe the bad news, then when they tell you the bad news was a lie, you don't believe that either.
As "Harry Potter" fans await the final installment of the popular series, CNBC’s Maria Bartiromo sat down with George Jones, chief executive of Borders Group, on “Closing Bell.” “'Harry Potter' is an important part of our business. It’s not that we make a whole lot of money on each of the books we sell, but it draws a lot of people into the stores and gives us a chance to sell other things and maybe in some cases, reintroduce them to Borders,” said Jones.
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.