In fact, Alibaba came in at #3. Find out which companies beat it.» Read More
Salesforce.com, a leader in customer-relationship software, is a poster child of positioning itself as a non-GAAP company. Wall Street obliges by valuing the stock on earnings excluding options and such things as the accretion of debt. These are, after all, non-cash expenses—as if they just vanish into thin air. (Sarcasm, intended.)
Citigroup is embarking on a multi-year multi-billion dollar IT investment to integrate its consumer branches and products all over the world, Manuel Medina-Mora, the bank's executive in charge of consumer banking operations, told CNBC.
There are still a lot of opportunities for investors to make money right now, said Eric Thorne, senior portfolio manager and investment advisor at Bryn Mawr Trust Wealth Management, and Paul Simon, CIO of Tactical Allocation Group.
By all accounts a group of private equity firms led by Apollo are working hard to submit a bid for Sara Lee, but there are plenty of question marks about whether such a deal will get to the finish line.
Jim McCaughan, CEO of Principal Global Investors, also said that developing countries have underperformed in the last few weeks amid concerns over inflation—but are still a “buy.”
Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.
Rare earth proxy Molycorp was halted righted after opening for News Pending; it has resumed trading. The lockup period for its IPO is now expiring; the company is offering a mandatory convertible preferred stock offering and an offering of common stock by some stockholders. Also: Food inflation rears its head at McDonald's.
Political instability and business corruption make these markets risky, but they have a place in the portfolios of investors looking for explosive growth.
Stocks extended modest gains as tech stocks rose and lifted the Nasdaq for the first time in several sessions. Alcoa and IBM rose, while BofA fell.
Here's why you should keep a close eye on these six stocks.
If you're looking to profit from rising world food prices or simply want to diversify your portfolio to hedge against inflation, the number of products offered continues to mushroom.
In his State of the Union Address, President Obama will ask for political comity. Quite a switch from two years ago, when he pronounced elections have consequences and used his majorities in Congress to push through new regulatory and spending initiatives with few concessions to Republicans.
In the case of Travelers, many investors are betting that its massive book of bonds, much of which is composed of municipal credits, will soon see impairments—hence the stock trading at a discount to its book value.
Also: Radio Shack down over 10%. CEO Julian Day plans to retire as chairman, chief executive officer around May 16, 2011, on or about the scheduled shareholders meeting. And Rock Tenn will buy packing from Smurfit Stone Container.
U.S. stock futures traded flat to slightly higher at the start of a week featuring dozens of major earnings reports, as well as a Federal Reserve statement and a slew of macroeconomic data.
See what's happening, who's talking and what will be making headlines on Monday's Squawk on the Street.
Stocks are seeing some of their loftiest gains deflate, and that could continue as investors weigh dozens of major earnings reports and a fresh series of economic news in the week ahead.
Stocks closed mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and AmEx rose, while BofA fell.
Nielsen Holdings (prospective ticker: NLSN) will try to float 71.4 m shares at $20-$22 next week. That's $1.5 billion, a rare event. How rare? Last year, there were 153 IPOs, and only one — GM's $15.8 billion IPO — was over a billion. If only the excitement level were as high as the deal value.
If it comes next week as planned, Demand may be the first $billion-plus Internet IPO since Google. But Google's crackdown on so-called content farms could affect the company.