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NEW YORK— Good economic and corporate news helped the stock market stage a rebound at the end of a turbulent week of trading. Nike jumped after turning in higher profits, leading the Dow Jones industrial average higher.
Yahoo's move to extend its hold on its Alibaba stake was no help to the search giant's stock, which dropped nearly 2 percent in early trading Thursday.
SAN FRANCISCO— Yahoo may be losing some appeal on Wall Street now that U.S. investors can buy directly into Alibaba. The sell-off came even though Yahoo reaped more than $9 billion last week from selling some of its stake in Alibaba, as the Chinese e-commerce company held a record-setting initial public offering of stock.
Yahoo is making amends for years of blundering with one smart move: An investment in China's Alibaba that has turned into a multibillion-dollar boon.
SAN FRANCISCO— Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.
The digital age is shattering the traditional learning model. Now VC-backed tech start-ups are revolutionizing teaching methods.
Check out which companies are making headlines after the bell Tuesday: Concur, Helen of Troy, Guidewire & more.
Ten years after the search giant's IPO, CNBC looks at where some high-ranking Googlers have landed in the tech industry and beyond.
Facebook is now able to track how ads impact consumer spending across multiple devices, the company said Wednesday.
Take a look at some of Wednesday's midday movers:
BuzzFeed just closed a new $50 million investment, bringing the value of the company to about $850 million, the NYT reports.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
*Time Warner posts higher-than-expected profit, sets buyback. Aug 6- Time Warner Inc will not have to worry about any overtures from Twenty-First Century Fox for the foreseeable future. We have no plans to pursue any other third party content company as an alternative to Time Warner. "
Thanks to Rupert Murdoch's recent overture, Time Warner shares have traded more on drama than fundamentals. That may be about to change.
Some of Wednesday's midday movers:
Aug 6- Time Warner Inc Chief Executive Jeff Bewkes opened his remarks during the company's second quarter earnings call on Wednesday vowing he would not discuss Twenty-First Century Fox's stunning turnabout to pull its offer to buy Time Warner.
AOL reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
Aug 6- Digital media and entertainment company AOL Inc reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform. AOL, whose shares were up nearly 4 percent in premarket trading, also said it approved a $150 million share buyback program.
What people really want and love is the mega-trend of sight, sound and motion, says AOL's Tim Armstrong, revealing where he is seeing user growth.