Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.» Read More
Is there no end in sight for Google and its shares? Last week when the company was oh-so-close to $600, I wrote that price targets would be on the move now that the company was teasing investors with yet another key milestone on its journey to the stratosphere, and sure enough, Bear Stearns revised its 52-week target to $700 just two days later.
Shares in Google surged past a new benchmark of $600, fueled by investor confidence that the Web search leader's advertising technology will capitalize on new areas of the media industry.
As Oracle dashed around snapping up companies, SAP remained an aloof spectator. CEO Henning Kagermann insisted they would hold on to their number one spot in the business software market by growing organically. Today that policy has changed, and Kagermann is now chasing customers through acquisition.
Microsoft said Friday that Bungie, the crown jewel of its video game unit that was behind its hit "Halo" franchise, will become an independent company.
So close, but so far yesterday, and now it appears investors will have to wait a little longer for Google to hit that magic, $600 a share milestone. This isn't quite "Dow 10,000," but the numbers are nothing short of staggering.
Internet choices are dizzying -- but Fetchback says its technology can bring customers back to your Web site. Chad Little, Fetchback founder, tells CNBC's Bill Griffeth how it works.
Sales of flash memory chips used in digital cameras and music players surged 48% in August. The experts at CNBC's "Fast Money" tell how to play this boom.
I remember when eBay bought Skype for that staggering $3.1 billion and scratching my head, wondering what the connection was. I remember talking to CEO Meg Whitman soon after the deal was announced, listening to her tell me that Skype would make as much sense and be as important to eBay as PayPal was. I remember nodding, listening.
It's a consumer electronics invasion here at the Javitz convention center in New York City. 50,000 consumers will attend what's being billed as the biggest electronic expo FOR shoppers. Unlike the massive Consumer Electronics Show in Las Vegas, open only to the industry, everyone is welcome at DigitalLife.
Electronic Data Systems has agreed to pay nearly $500,000 to settle an investigation into accounting irregularities alleged to have occurred from 2001 to 2003.
I made the trek cross-country yesterday to front our exclusive Halo 3 release coverage from this Best Buy store at the corner of 44th and 5th Avenue in midtown Manhattan. This is one of 10,000 retailers nationwide that'll be hosting midnight-madness sales tonight to launch Halo 3 onto store shelves.
Inside of a week now to the year's most anticipated entertainment event. Not Shrek. Spider-man. Even Pirates. Nope, I'm talking Master Chief, Cortana. The Covenant. I'm talking "Halo 3."
Microsoft has launched a campaign behind the scenes to persuade internet companies, advertisers and regulators to oppose Google's planned $3.1 billion acquisition of online advertising group DoubleClick, the Wall Street Journal reported.
Billionaire investor Carl Icahn said on Friday that a sale of BEA Systems to a strategic acquirer would maximize the value of its shares and that he might seek to nominate directors to the software maker's board.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Adobe Systems, the world's largest marker of design software, reported quarterly results and current-quarter targets ahead of Wall Street expectations on strong sales of its updated suite of design products, sending shares up 4%.
The headlines seemed dire enough: Microsoft Smacked; Microsoft Dealt Severe Blow; Microsoft Crackdown. All of it stemming from a European court's decision earlier today to uphold the $605 million fine levied against the world's largest software maker back in 2004 when the company lost its anti-trust case with the European Union.
First Data Corp. plans to consolidate data centers and shift work overseas as it prepares for its purchase by private equity firm Kohlberg Kravis Roberts, the payment processing company said Monday in a regulatory filing.
Shares in Business Objects rose sharply on Monday following a weekend newspaper report that the Franco-American software group was for sale and had retained Goldman Sachs as advisers.
When Europe's second-highest court rules Monday on Microsoft's appeal of its landmark antitrust conviction, more will be at stake for regulators than just the behavior of the world's largest software company.
Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.