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Stocks struggled for direction at the open Monday, as investors took a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns the Federal Reserve may begin to taper off its quantitative easing program sooner than expected.
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Stocks struggled for direction at the open Monday, as investors took a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns the Federal Reserve may begin to taper off its quantitative easing program sooner than expected.
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May 20- Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue.
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U.S. stock market index futures were slightly lower Monday, after major averages finished higher for the fourth-consecutive week, amid ongoing concerns the Federal Reserve may begin to taper off its quantitative easing program sooner than expected.
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The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how the company plans to reposition itself as the technology industry makes a headlong rush into social media, the NYT reports.
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BRIDGEPORT, Conn., May 19- Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday.
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Cloud computing remains a major secular trend in technology, but investors may not fully appreciate the benefits for Amazon and Google.
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WASHINGTON, May 17- The technology industry and organized labor are locked in a fight that threatens to complicate the U.S. Senate's immigration bill. At the heart of the debate is whether there is a shortage of Americans with the math and science skills needed for work at technology firms like Facebook Inc, Google Inc and Microsoft Corp..
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Jim Cramer is determined not to let the avarice of a few spoil the stock market for you.
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Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are upping the menu innovation to produce items that stray from the gastronomic norm.
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Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic reports.
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Discussing the future of the social network, with CNBC's Julia Boorstin; Roger Kay, Endpoint Technologies Associates; and David Pearl, Epoch Investment Partners.
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Today, Facebook rings in its first year as a public company. CNBC's Kayla Tausche reports.
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Facebook needs to be careful about protecting the user experience. The way it handles ads, watch privacy issues, and avoid the "ice" factor when ads feel *so* targeted.
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Gene Munster, Piper Jaffray, and Ken Sena, Evercore Partners, discuss the future of Facebook. It's the worst-performing stock on the Nasdaq since its IPO a year ago.
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One year ago tomorrow, as the social media giant went public, CEO Mark Zuckerberg's signature hoodie was a big talking point, with CNBC's Julia Boorstin. She describes the company's strategy for making money.
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In the past few months several new names have come into the spotlight. Here are a few of them...beyond the big three to watch.
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Applied Materials Inc. rose 1.1 percent to $14.82 with 14,452,500 shares traded. Aruba Networks fell 26.7 percent to $12.91 with 35,494,700 shares traded. Autodesk Inc. fell 7.4 percent to $36.83 with 11,966,600 shares traded.
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SAN FRANCISCO, May 17- Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains.
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Facebook CEO Mark Zuckerberg would have earned "a generous B-minus" this year, Yale's Jeffrey Sonnenfeld says.
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The company, which was making zero dollars via its mobile-ad platform a year ago, turned things around.