Small investors are scooping up securities that will benefit from higher gold prices as market volatility sets off a flight to safety.» Read More
Nov 1- Professional social network LinkedIn Corp topped Wall Street's third-quarter profit and revenue targets, as advertising rates increased and sales from its hiring services nearly doubled.
Nov 1- Professional social network LinkedIn Corp beat Wall Street's third-quarter profit and revenue targets on Thursday and raised its full-year revenue forecast. LinkedIn said it posted net income of $2.3 million, or 2 cents a share, during the three months ended Sept. 30, compared with a net loss of $1.6 million, or 2 cents a share, in the year-ago period.
SEATTLE, Nov 1- Days after launching Windows 8, Microsoft Corp is mounting a strong campaign to win over the software developers it needs to kick-start its new operating system. A lack of apps is Microsoft's Achilles heel as it attempts to catch Apple Inc and Google Inc in the rush toward mobile computing.
NEW YORK, Nov 1- When the National Hurricane Center declared Sandy a ``post-tropical storm'' just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money.
NEW YORK, Nov 1- When the National Hurricane Center declared Sandy a ``post-tropical storm'' just before it made landfall, a lot of homeowners a c ross New Jersey, New York, Connecticut and Maryland may have saved a lot of money.
In the wake of Sandy’s aftermath, startups based on New York City have had to relocate to keep operations running. With so many Silicon Alley offices located in Lower Manhattan, where power has been out for days, finding a remote hideout with wifi has been critical.
There are three things to think about when calamity strikes: can you make a phone call? Can you keep tabs on the latest information? And will your battery last? So, what's the best phone for this?
*Dow off 0.1 pct, S&P 500 up 0.02 pct, Nasdaq off 0.4 pct. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged lower in a session with slightly less than average volume.
So why is Carl Icahn buying Netflix? Shares of the streaming giant soared 14% after the billionaire investor disclosed a 10% stake in the Los Gatos, California based company.
*Dow off 0.2 pct, S&P 500 down 0.2 pct, Nasdaq off 0.5 pct. Traders made it through the darkened streets of downtown Manhattan before sunrise to the New York Stock Exchange at 11 Wall Street, one of the only buildings with any electricity in that area after Sandy crippled power supply and disrupted mass transit throughout the New York metropolitan region.
Oct 31- Facebook Inc shares fell nearly 4 percent in busy trade on Wednesday as the company allowed employees to start selling roughly 230 million shares less than six months after its rocky market debut.
*Ford, Home Depot among the biggest gainers. *Apple shares fall, weighing on Nasdaq index. Ford Motor Co rallied 5 percent to $10.83 as the most-traded stock on the New York Stock Exchange after reporting strong results during the market closure.
Oct 31- Facebook Inc shares fell 4 percent in busy trade early on Wednesday as the company allowed employees to start selling some stock. As a result, Facebook staffers were able to sell their vested shares on Monday.
The lockup period expired on 229 million shares, which caused the stock to drop more than 4 percent, on higher-than-average volume, though it has recovered a bit.
For the first time Facebook employees can sell stock, reports CNBC's Julia Boorstin.
Oct 31- Facebook Inc shares fell 4 percent to $21.07 in busy early trade on Wednesday morning on the company's approval to let employees sell some stock. As a result, Facebook staffers were able to sell their vested shares on Oct. 29.
Oct 31- Facebook Inc shares fell 4 percent to $21.07 in busy early trade on Wednesday morning on the company's approval to let employees sell some stock. The world's largest social network waived a provision that prevented employees from selling shares until Nov. 14. As a result, Facebook staffers were able to sell their vested shares on Oct. 29.
Still hobbled by power failures and waterlogged transit, the New York region struggled to return to the rhythms of daily life on Wednesday, while facing the reality of a prolonged and daunting period of recovery.
*NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. ``We have a green light,'' the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview.
NEW YORK, Oct 30- As residents and businesses clean up from one of the worst storms to hit the U.S. East Coast in memory, investors are preparing for the stock market reaction by betting on or against insurers, casino companies and home improvement stores.