The Revolution Growth fund, started by the former AOL chairman, will invest $22 million in the restaurant chain.» Read More
NEW YORK, Nov 17- New media websites from BuzzFeed to Business Insider are on a roll lately, showered with dollars from venture capitalists betting that they will crack an advertising market that has stymied traditional media companies.
Corporate America has been announcing share buybacks at a near record pace, supporting richer stock prices for companies with low earnings growth.
Nov 5- AOL Inc reported higher-than-expected third-quarter revenue on increased advertising sales, but earnings fell sharply because of challenges at its network of community news websites known as Patch.
A jump in advertising sales powered AOL's third quarter results past Wall Street's expectations, the company said on Tuesday.
U.S. stock index futures pointed to a lower open on Wall Street for Tuesday, as uncertainty over the next moves by international central banks weighed on investor sentiment.
The digital media and entertainment company said on Tuesday it took a pre-tax restructuring charge of $19 million and an impairment charge of $25 million, both related to Patch, sending operating income down 61 percent to $16.7 million.
Some of the names on the move ahead of the open.
Nov 5- Online media group AOL Inc reported a 6 percent rise in third-quarter revenue, helped by a rise in advertising sales. Net income attributable to AOL fell to $2 million, or 2 cents per share, from $20.8 million, or 22 cents per share, a year earlier. The latest results include a $17.5 million goodwill impairment charge and $19 million in restructuring costs.
It looks like next week could be a big week in the market. Are you ready?
What began as a public relations predicament for technology companies has evolved into a crisis that threatens the foundation of their businesses.
We had a lot of fun on Halloween this year, and it's worth another look! "Talking Squawk" also looks at Apple's new iPad Air and Go Daddy driver Danica Patrick's new sponsor.
Cybercrime requires almost no overhead or experience. Some did it from store parking lots and some did it before they were old enough to buy beer.
Take a look at some of Wednesday's midday movers:
President Obama has appointed his adviser Jeffrey Zients to the task of fixing the website for the Affordable Care Act, known as "ObamaCare".
Wall Street pros have all but written off this stock. Cramer thinks they're making a mistake.
Oct 10- Silicon Graphics International Corp, a supplier of servers based on the Linux operating system, estimated first-quarter results below expectations, citing uncertainty related to the completion of IT projects funded by the U.S. government. Silicon Graphics shares fell about 15 percent in extended trading.
Cramer has identified 7 companies that may pounce if stocks swoon due to fears of a debt default.
Talking Squawk, the official "Squawk Box" blog, looks at the auto showroom battle of the sexes, the latest black-eye for BlackBerry, and how the super-rich prepare for the worst.
The 10th-annual "Advertising Week" gathering looks like a big one. The week kicked off with traditional ad giant CBS making a huge deal with Twitter.
The impromptu and public firing of an AOL employee in August could have been handled differently, AOL CEO Tim Armstrong said, but it was justified.