The Dow industrials moved higher, backing away from bear-market territory, as oil prices pulled back.
Stocks limped to the finish of an ugly week on Wall Street, with the Dow touching bear territory and the broader market continuing to be battered by a double dose of surging oil and a fresh round of banking troubles.
Sony's CEO Howard Stringer has unveiled the company's three year plan and one key to its growth strategy is a new video service called the PlayStation Network. Stringer said at a news conference: "Our mission is simply to be the leading global provider of networked consumer electronics and entertainment."
This might be more a leap of faith, but it's a leap worth considering for both Intel and Apple, especially after the blogs have been awash this week about speculation over Intel's resistance to upgrade 80,000 employee computers to Microsoft's Vista.
What's the smartphone trade ahead of Research In Motion earnings Wednesday after the bell?
What follows below is an unofficial transcript of my interview last night with James Hackett. Mr. Hackett is the president & CEO of Anadarko Petroleum. He also happens to be an incredibly bright man whose thoughts and ideas on energy are right on the money.
Seems that last post about Oxford University Prof. Jonathan Zittrain and his worry about Apple's iPhone -- as well as other technology derailing our creativity -- struck a bit of a nerve. Several of you have written in, deriding his claims, calling him a Luddite, and more importantly, calling into question the basis on which he forms his opinions.
What am I missing here? That was the polite version of what went through my mind after reading Oxford University's professor Jonathan Zittrain wax philosophic about how the increasing adoption of Apple's iPhone, Research in Motion's Blackberry, and Microsoft's Xbox threaten to derail our very creativity.