Tech executives and industry professional at South by Southwest Interactive all say that virtual currency is here to stay.» Read More
Yahoo Inc's attempt to form an alliance with Google Inc to stave off Microsoft Corp could run into more trouble with antitrust regulators than Microsoft's unwelcome takeover bid. While Yahoo is seeking a business partnership with Google legal experts say any deal will draw heavy scrutiny.
The rocky ride for the U.S. stock market may intensify this week if earnings reports from JPMorgan Chase, Merrill Lynch, Citigroup and other large banks and financial services companies rattle investors already concerned about a U.S.-led economic slowdown.
Wall Street should brace for a round of profit warnings from U.S. technology companies this results season, as consumers and businesses rein in spending amid a weaker economy and record energy prices. The world's largest microchip company, Intel Corp spacer , kicks things off for the sector Tuesday, followed by top computer services provider IBM spacer Wednesday and Web search leader Google Inc spacer Thursday.
Microsoft Corp wants to stick with its original takeover offer for Yahoo Inc , but is not ruling out News Corp joining its bid or other options, a source close to the company said on Friday.
Stock fell sharply Friday, led by industrials and techs, as General Electric's earnings miss cast a gloomy haze over earnings season. The Dow finished down 2.3 percent for the week, while the S&P shed 2.7 percent and the Nasdaq lost 3.4 percent.
A double helping of economic data and first-quarter earnings reports will flood the zone next week, but it's the corporate earnings that will drive stocks and give a better picture of where the economy is going. If GE's bombshell earnings miss is an indicator, the news will be as nasty as traders expect.
The floodgates of earnings are about to open. Get all your trades right here!
This is the second of my two part blogs on Bon Jovi. Make no mistake: Bon Jovi is big business, as we discovered during the band's recent stopover here in Silicon Valley in the middle of its 100 city, global "Lost Highway" tour. Just ask the band's manager, Paul Korzilius.
For the week ending Friday, April 11, 2008 the US Markets ended the week in negative territory. There was not a lot of movement in the markets for most of the week, as the major indices traded on a mix of news including same store sales, record highs in oil, flight cancellations from major airlines, and disappointing first quarter results from Alcoa (AA). The markets tumbled on Friday on General Electric's (GE) disappointing earnings.
...isn't GE. It's this credit-services company.
Yahoo's board is meeting by conference call Friday afternoon and the big topic of course, is Microsoft's $42.2 billion dollar bid. The clock is ticking. Microsoft's Steve Ballmer threatened to stage a proxy fight to get the acquisition if the board doesn't take the bid, which it rejected as too low.
If you think options are a good indicator of future stock movements, you may want to keep an eye on the big cap techs and financials, according to two experts.
The battle over Yahoo is creating a feeding frenzy among the media and Internet giants. Nearly two months after Microsoft made its $44.6 billion dollar bid for Yahoo, Yahoo is considering partnering with AOL while outsourcing search ad sales with Google to counter the Microsoft bid.
Microsoft believes it has made a fair offer to acquire Yahoo and is committed to bolstering its digital advertising capabilities irrespective of the outcome, its chief operating officer said.
The Dow rose Thursday after the semiconductor sector received an upgrade and Wal-Mart reported higher sales for March. What's the "Word on the Street?"
The Dow and S&P 500 snapped a two-day losing streak Thursday, led by technology stocks after an upgrade on the chip sector.
Stocks advanced Thursday, helped by an upgrade on the chip sector and increased forecasts from two Dow components.
Yahoo may have played its top two cards by pulling out possible deals with AOL and Google, but it does not seem to have changed Wall Street's view that Microsoft will eventually win the takeover battle.
This is the first of two posts on my "exclusive" interview with Bon Jovi. Be sure and come back tomorrow for more. Bon Jovi's tour continues through the United States today, but it was at a visit to Silicon Valley earlier this week that I got a taste of the phenomenal technology the band is using during the show.
Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.