Stocks climbed on Wednesday after the Federal Reserve continued to taper, and said the economy is rebounding.» Read More
Anaylsts Kevin Landis and Oscar Schafer say the ongoing volatility in the tech sectors leaves investors with prime buying opportunities. Here are their picks.
Apple, Google, Intel and Adobe argued that any no-hire agreements between the companies were reached independently, and were not part of an overarching conspiracy. An Intel spokesman said the company is studying the ruling.
SAN JOSE, Calif., March 27- Apple Inc, Google Inc and two other Silicon Valley companies are making progress toward settling a closely watched lawsuit where tech workers allege the companies conspired to avoid competing for each other's employees in order to drive down wages.
SAN FRANCISCO, March 24- Facebook Inc has emerged as one of the biggest Silicon Valley companies to have resisted rivals' entreaties to stop poaching each other's employees, according to emails between the No. 1 social network and Google Inc released in court filings.
*KB Home rallies after results, Adobe Systems falls. NEW YORK, March 19- U.S. stocks barely budged on Wednesday as investors paused after a two-day rally and looked ahead to comments from Federal Reserve Chair Janet Yellen.
Shantanu Narayen, Adobe Systems president and CEO, discusses Adobe's better-than-expected Q1 earnings led by a surge in its creative cloud subscriptions which increased by 400,000 subscribers. CNBC's Jon Fortt reports.
*Oracle falls after results, but KB Home rallies. The S&P 500 was within striking distance of all-time highs, though an Oracle Corp selloff weighed on tech shares, and economic bellwether FedEx Corp sounded a sour note in its outlook.
*FedEx and Oracle fall after results, Adobe higher. *The S&P 500 looked to open near record levels despite sour notes sounded by weak results from FedEx Corp, an economic bellwether, and Oracle Corp.. *FedEx posted third-quarter results that were below expectations and gave a weak full-year profit forecast, saying it had been significantly hurt by winter storms.
*Tech shares in focus following Oracle, Adobe results. *Russian President Vladimir Putin has signed a treaty to make it part of Russia, and while no violence was reported as pro-Russian forces took control of part of a Ukraine naval base, investors are concerned that tensions in the region could escalate.
*Forecasts 2nd- qtr adjusted profit $0.26- $0.32/ share vs est. March 18- Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter profit and revenue above analysts' estimates, citing strong demand for its Creative Cloud suite and digital marketing software.
March 18- Adobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly results, helped by strong demand for its Creative Cloud suite and digital marketing software.
Oracle is among the companies making headlines after the bell Tuesday:
Adobe Systems forecast profit and revenue above analysts' estimates, citing strong demand for its Creative Cloud suite and digital marketing software.
March 18- Adobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly earnings and revenue, helped by strong demand for its digital marketing software. The company's net income fell to $47 million, or 9 cents per share, in the first quarter, from $65.1 million, or 13 cents per share, a year earlier.
CNBC's Jon Fortt reports a surge in Adobe's creative cloud subscriptions up around 400,000 to 1.84 million.
Janet Yellen takes center stage in the week ahead, chairing her first FOMC meeting amid market skittishness over events in Ukraine.
Investors have been selling stocks, sometime with abandon. Jim Cramer thinks there could be opportunity ahead.
A cybersecurity firm said it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets.
SAN FRANCISCO, Feb 13- A previously unknown flaw in a recent version of Microsoft Corp's Internet Explorer web browser is being used to attack Internet users, including some visitors to a major site for U.S. military veterans, researchers said Thursday.
Dubbed "The Mask," the campaign had operated undetected since 2007 and infected more than 380 targets before it stopped last week, Moscow- based Kaspersky Lab said on Monday. The firm declined to identify the government suspected to be behind the cyber spying, but said it had been most active in Morocco, followed by Brazil, the United Kingdom, France and Spain.