Facebook’s innovation engine may have stalled, but Mark Zuckerberg has been revamping the way it creates and distributes new services. NYT reports.» Read More
SAN FRANCISCO, April 16- Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.
April 16- Yahoo Inc's Chief Executive Marissa Mayer is working on a plan to persuade Apple Inc to ditch Google as its default search engine in favor of Yahoo, technology news site Re/code reported, citing sources within Yahoo. Mayer's effort is in advanced stages, with a detailed pitch already prepared for Apple executives, the website said.
SAN FRANCISCO, April 16- Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.
WASHINGTON, April 16- The U.S. Navy on Wednesday said it would delay the commissioning of the North Dakota, a new Virginia-class submarine that was due to enter active service on May 31, to carry out more design work and resolve quality problems with certain components.
Headlines after the bell Wednesday: GOOG, AMEX, IBM
SAN FRANCISCO— Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas. Google's Class A stock shed $17.10, or 3 percent, to $546.80 in extended trading.
Analysts had expected the company to report earnings excluding items of $6.40 a share on $15.52 billion in revenue.
Cisco Systems Inc. rose. 6 percent to $23.03 with 30,873,300 shares traded. Comcast Corp. rose 1.6 percent to $49.17 with 20,014,400 shares traded. Facebook Inc. rose 1.1 percent to $59.72 with 76,473,700 shares traded.
Matrix Asset Advisors' David Katz has simple advice for investors: don't time the market, and don't chase momentum stocks when the markets rally.
Facebook's latest moves in mobile have demonstrated how messaging is shifting from SMS texts to full-blown content sharing, including money.
SAN FRANCISCO, April 15- Yahoo Inc again posted anemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer's comeback effort.
April 16- Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo's shares ahead of Alibaba's IPO filing, expected next week.
NEW YORK— Yahoo soared 8 percent in trading before the opening bell Wednesday after quarterly results showed an aggressive push into Asia and a slight pickup in advertising revenue. Still, some analysts that follow the company say they need to see evidence that CEO Marissa Mayer is developing Yahoo's core business, with an IPO for Alibaba imminent.
April 16- Alibaba Group Holding Ltd's surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc's shares, analysts said. Yahoo's shares, which have jumped 43 percent in the past year as CEO Marissa Mayer pushed ahead with her turnaround plan, were up 7 percent at $36.70 in premarket trading on Wednesday.
Ex-Galleon trader Turney Duff offers an insider's view of how learned about Wall Street's dirty little secret: insider trading.
LONDON, April 16- British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.
VIENNA, April 16- Hypo Alpe Adria, the state bank whose woes will swell Austria's debt and deficits this year, is morphing into a national bogeyman for a country fed up with the lender's chronic need for support and policymakers' failure to resolve the issue.
Chinese e-commerce giant Alibaba is the "hottest thing" in high tech right now, former Apple CEO John Sculley told CNBC on Wednesday.
*Shares in Alibaba shareholders Yahoo, Softbank jump. SAN FRANCISCO, April 15- Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering.
Chinese e-commerce giant Alibaba Group is expected to file the prospectus for its U.S. initial public offering next week, sources said on Wednesday.