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.» Read More
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.
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.
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.
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.
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.
Cloud computing remains a major secular trend in technology, but investors may not fully appreciate the benefits for Amazon and Google.
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..
Jim Cramer is determined not to let the avarice of a few spoil the stock market for you.
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.
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.
Discussing the future of the social network, with CNBC's Julia Boorstin; Roger Kay, Endpoint Technologies Associates; and David Pearl, Epoch Investment Partners.
Today, Facebook rings in its first year as a public company. CNBC's Kayla Tausche reports.
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.
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.
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.
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.
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.
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.
Facebook CEO Mark Zuckerberg would have earned "a generous B-minus" this year, Yale's Jeffrey Sonnenfeld says.
The company, which was making zero dollars via its mobile-ad platform a year ago, turned things around.