Rackspace, the cloud computing player that has been for sale since May, says it intends to remain independent, Re/code reports.» Read More
If you went to bed and woke up this morning thinking the world was quiet and that today was going to be a light day at the office, you may want to call in, instead of relying on your BlackBerry. Research in Motion confirms a massive, system wide blackout affecting all its 8 million subscribers that began around 8 p.m. ET Tuesday, and while service is being restored, it is still sporadic and may take much of the day to get back on line completely.
If you believe everything you read, you would have thought that San Diego Chargers running back LaDainian Tomlinson was just lucky enough not to get the Madden cover endorsement. Electronic Arts officially announced last night that Tennessee Titans quarterback Vince Young would grace the cover of the next version of the jinxed popular video game. "Vince was the guy all along," EA's director of marketing Chris Erb told the San Diego Union-Tribune today.
Stocks are heading for a lower opening as some weak tech earnings worry investors. The dollar continues to fall against major currencies. Asian markets were higher overnight, but European stocks are lower. There are no big data items today but earnings could sway direction.
It was 18 years ago today -- April 17, 1989 -- that CNBC went on the air for the very first time. For those of us who were here both then and now, we realize that the world is a very different place. The Dow closed that day at 2337.79 -- roughly 10,000 points below where it is now. Alan Greenspan was less than two years into his Fed chairmanship, and the position hadn’t yet become one of financial celebrity. ... We couldn’t "google" anything because there was no Google...
The Internet's ruling triumvirate has a big week: Yahoo! reports quarterly earnings Tuesday, eBay reports on Wednesday and Google on Thursday. What should cyber-stock investors expect? Mark Mahaney, Citigroup's Internet research director, and Scott Kessler, the director of Standard & Poor's information technology research group, gave "Morning Call" their views.
Guest blogger Jeff Mishlove is back with his contest picks for today. Let's get right to them. Here's Jeff: Monday’s closing prices revealed that all of my recommendations for purchase on Friday were quite profitable for a single day, although none of them were at the exhilarating level one would like to see to become a weekly winner. The chart below, taken from my blog of last Thursday, April 12, tells the story:
Here's our look at the stocks making our best and most active lists. Small caps seem to be the main focus among contest traders. And Freemont General is back strong--not only as a most active but as a best performer. It hasn't played itself out yet as news about selling some of the company's subprime loans had an affect. Also--news on Sallie Mae had an impact on more than just iteself. Take a look...
Stocks are set to open higher, reversing an early negative trend, after consumer inflation data showed muted increases in core inflation. However, the CPI rose at a 0.6% rate when including food and energy, its highest rise since last April. Housing starts rose 0.8%, beating analysts expectatons but below February's increase.
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
In case you missed it, here's a video portion of Friday night's "How To Win" program on the million dollar portfolio challenge. The show got right to the picks from the analysts, so I will do the same. Notice a bit of a theme--earnings reports coming out this week. Also, there are a couple of "bigger" names like Google and McDonald's to chose from.
Internet media company Yahoo said on Monday it expanded an advertising partnership with U.S. newspapers, including the addition of leading publisher McClatchy.
Here's our look at contest stocks from Thursday's close to Friday's close. Old stand by Freemont General brought owners/sellers some new gains. The most active and widely held stocks remained pretty much the same as they have been. One of the best performers Cott, was up on consolidation news involving Cadbury. Here's the breakdown:
Good morning all. Parker Robinson and James Kraber maintain the top two spots on the overall leaderboard. As the leaders begin to amass more capital, they are starting to make less risky trades and diversify more. Parker's portfolio value stands at $2,826,461.09 up only $2,950 including $3,000 in bonus bucks.
The stock market enters the week boosted by a merger-driven buzz. Asian stock markets closed higher, and merger activity is helping European markets there gain. Earnings news, retail sales for March, and the Empire state manufacturing survey could all influence trading. Retail sales for March were up 0.7%, more than expected.
Internet and media rivals to Google, fearing an unprecedented consolidation of power in the online advertising market, are expected to urge regulators to closely scrutinize the Web search leader's $3.1 billion deal to buy DoubleClick.
Web advertising leader Google agreed to acquire DoubleClick , a top online advertising network, for $3.1 billion, beating out other major Internet players with its bid. The deal represents the largest acquisition in Google's history and comes just six months after Google paid $1.65 billion to acquire video-sharing site YouTube.
Could Google possibly dominate the Internet ad world any more than it will after this acquisition? Just announced: Google is buying DoubleClick, a top online advertising network for $3.1 billion, beating out some other major bidders.
It’s Friday, and that means it’s time to huddle up for Cramer’s plays for next week. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Web advertising leader Google said on Friday it has agreed to acquire DoubleClick , a top online advertising network, for $3.1 billion, beating out other major Internet players with its bid. The deal represents the largest acquisition in Google's history and comes just six months after Google paid $1.65 billion to acquire video-sharing site YouTube.
Rep. Barney Frank (D-Mass.) said Thursday that he is pushing to lift the ban on online gambling within the next few weeks. Lawrence Walters, attorney specializing in Internet gambling law, and Barrett Duke, board member of the National Coalition against Legalized Gambling, joined “Morning Call” to debate whether the U.S. ban on online gambling should be lifted.