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EBay stock got a pop in afternoon trading amid rumors that the online marketplace was planning to spin off its payment service PayPal but sources close to the matter smacked down the rumors.
Struggling Australian steelmaker BlueScope Steel's nearly $1.4 billion joint venture with Japan's Nippon Steel signals the company is on the path to recovery, its CEO Paul O'Malley told CNBC on Monday after the deal was announced.
Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.
Best Buy founder and former chairman Richard Schulze offered to buy the struggling retailer for $24 to $26 a share in cash, or about $8.6 billion.
The trading snafu heard round the world – cheekily dubbed the “Knightmare on Wall Street” – has cast new doubts on the automated systems that dominate global exchange trading.
The former CEO of Knight Trading offered a bullish outlook for the battered company, saying it could rebound within weeks even though it needed to restore investor confidence.
Two airline analysts turned cautious Wednesday, citing higher oil prices and tepid demand.
Macquarie holds an "Outperform" rating on Royal Dutch Shell and BG Group. Despite geopolitical uncertainty, Jason Gammel, head of European oil and gas research at Macquarie, said that these oil stocks are ripe for investment as winter approaches.
Everyone freaked out over the weekend, when talk popped up of Apple investing in Twitter. It's not happening for one very simple reason: Apple doesn't need to.
Middle market companies survived the recession but now face an uncertain future, and an environment of mixed signals and uncertainty. And so many firms are paused at an economic crossroads unsure of which road to take: One road leads to the Growth Expressway, the other to the safety of the parking lot and wait and watch from the sidelines.
Stocks closed out a volatile week with sharp gains Friday, with the Dow crossing above 13,000 for the first time since May, amid optimism that the Federal Reserve and the ECB may provide further stimulus to prop up the global economy.
U.S. stock index futures held modest gains Friday after the latest GDP report showed a slowing economy in the second quarter, fueling expectations for further action from the Federal Reserve.
Second quarter GDP Friday could be a game changer for markets that are anxious for any clues as to the depth and duration of the current soft patch.
Stocks finished sharply higher Thursday following a pair of better-than-expected economic reports and after ECB President Mario Draghi said the central bank would do whatever it takes to support the euro.
U.S. stock index futures added to sharp gains Thursday following a batch of better-than-expected economic news and after encouraging remarks by the ECB President.
Stocks finished mixed in a choppy trading session Wednesday, as Apple weighed on the tech sector following the iPhone maker's rare earnings miss. But the Dow finished higher, snapping a three-day losing streak.
U.S. stock market futures jumped Wednesday, following three days of sharp declines, as a batch of stronger-than-expected earnings reports helped offset disappointment from Apple's results and worries over the euro zone.
Stocks quickly clawed back in the final hour of trading Tuesday but still ended lower, with the Dow logging its third-consecutive triple-digit loss, pressured by ongoing worries in the euro zone.
The story of VirnetX is like so many battleground stocks: The bulls hang on every piece of apparent good news and the bulls attempt to pierce it with logic and fact.
U.S. stock market futures turned flat Tuesday as investors digested a handful of mixed earnings and worries over the euro zone against an improving manufacturing report from China.