Stocks ended higher for a third session a day before investors get a better glimpse of the economy's health in the August jobs report. Alcoa rose, Merck fell.
Stocks extended gains Thursday afternoon, although were still up modestly, amid subdued trading ahead of the August jobs report on Friday. Home Depot rose, American Express fell.
What follows is a roundup of corporate earnings reports for Wednesday, Aug. 4.
Following are moves you might have missed. Find out why shares of Mylan and AOL popped while McAfee dropped.
The G4s are landing in Idaho and the Sun Valley resort is rolling out the red carpet for the biggest names in media, technology and private equity. Boutique investment bank Allen & Co is readying for its annual conference, nicknamed "summer camp for moguls." Media and tech titans and the private equity players drawn to them will arrive this afternoon for a week of activities and networking.
Today AOL made it official: it's sold Bebo to Criterion Capital Partners. After buying the social network for $850 million in March 2008, the company said in an 8K SEC filing today "it will treat the common stock of Bebo as worthless." While that may be a big win from a tax perspective — the company expects to record a $275 million to $325 million tax benefit in the second quarter — it acknowledges a total disaster.
After a disappointing jobs report sent stocks tumbling Friday, is 1105 the ceiling in this market?
Google shares have dropped almost 11 percent in the last month. So should investors still consider buying the search engine giant? Steve Weinstein, senior analyst at Pacific Crest Securities shared his insights.
Following are moves you might have missed. Find out why shares of Tyco Electronics and UPS popped while AOL and Panera dropped.
As Google prepares to close and exit its China search engine operation, how should investors be playing the company’s stock? Clayton Moran, senior vice president and Internet analyst at The Benchmark Company, shared his insights.
Online dating isn't just about making love connections, it's about making lots and lots of money.
Sure Steve Jobs commands the news, but while the jury might still be out on Apple's next big thing, that other "jobs" is beginning to enjoy some momentum.