CNBC's Jon Fortt speaks to Oracle CEO Mark Hurd, about consolidation in the sector and using M&A as a way to grow. We need to focus on execution, says Hurd.» Read More
Futures turned negative Thursday following ECB's President Jean-Claude Trichet's grim economic outlook at a news conference after the bank's Governing Council left its benchmark interest rate unchanged at 1.5 percent.
Computer buffs and admirers of technology rushed to Apple shops from New York to Australia on Thursday to mourn Steve Jobs, praising him as a visionary who transformed the daily activities of countless millions.
Sony has secured financing from Abu Dhabi’s investment fund for EMI as second-round bids for the UK music company came in before a deadline last night, people close to Citibank’s $3.5bn-$4bn auction said. The FT reports.
“He was the most passionate leader one could hope for, a motivating force without parallel,” wrote Steven Levy, author of the 1994 book “Insanely Great,” which chronicles the creation of the Macintosh. “Tom Sawyer could have picked up tricks from Steve Jobs.”
The “Fast Money” traders discuss how likely such a deal is, and whether either stocks are a buy.
Stocks rallied sharply in the final minutes of trading to finish near their highs in another volatile session Wednesday, buoyed by a handful of better-than-expected economic news and amid optimism over the euro zone.
Four companies are rumored to be interested in buying Research In Motion, the "Fast Money" traders said, but how likely is such an acqusition?
Futures pared some of their gains ahead of the open Wednesday, even after a better-than-expected private sector employment report and despite optimism that a solution will be found to protect Europe's banks from the effects of the Greek crisis.
Stocks rebounded during the final hour of trading in a roller coaster ride on Wall Street Tuesday, following a report that EU finance ministers are examining possible ways to recapitalize banks and after Fed Chairman Ben Bernanke said he is prepared to help the economy.
The global economy may look ugly from the outside, but internally there are signs of life, particularly in deal making and lending.
Futures declined Tuesday amid growing concerns that the threat of a Greek default will lead to another banking crisis in Europe.
Stocks kicked off the new month and quarter with a thud Monday, led by financials, as worries over Greece continued to spook investors and overshadowed a pair of better-than-expected economic news. The Dow and S&P closed at their lowest levels in over a year.
Futures slipped Monday as European shares tanked following news that Greece will miss a budget deficit target for this year that was set only months ago.
Some entrepreneurs question the value of pitting frugal customers against merchants hoping for loyalty, the New York Times reports.
Bank of America Merrill Lynch is doing surprisingly well, earning $3.7 billion in the first half of 2011. But bankers and traders are unhappy as the stock has plunged this year and jobs are being cut. The New York Times reports.
As confidence in the soundness of some of the world’s biggest banks has fallen in recent weeks, investors have been selling off their shares of one financial institution after another. Now, the fears about Morgan Stanley are becoming especially acute, reports the New York Times.
Stocks closed out the worst quarter in almost three years amid fears over the global recovery and finished near session lows for the day as investors were reluctant to stay long ahead of the weekend.
People will “continue to smoke, eat, and need healthcare,” so stocks in these areas will feel less economic pressures on their sales and profits,” Stuart Reeve, director and portfolio manager at BlackRock spacer, told CNBC Friday.
Futures were lower Friday, the final trading day of the third quarter, following a weaker-than-expected personal income news in addition to a dismal manufacturing report from China and as investors continued to keep an eye on the euro zone.
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