Asia Stocks Lower; Nikkei Off Multi-Year Highs
Cisco Systems Inc
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Take a look at some of Friday's midday movers:
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The computer networking company reported fiscal second-quarter earnings of 33 cents a share, excluding one-time charges, beating analysts' forecasts.
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This morning on "Squawk on the Street" Mark Haines and Erin Burnett spoke to Jon Hilsenrath of The Wall Street Journal about his stocks of the week. This is part of our regular "Five for Five" segment, where we give you, the investor, a list of five stocks to keep your eye on.
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If you’re someone who hates when it gets dark early, you’ll be relieved to know Daylight Saving Time is coming earlier this year. It starts on March 11th – nearly two weeks before the first day of Spring. But don’t do the happy dance, yet. Your PC doesn’t know, and neither do the computers that run the airlines or the trains or just about anything else.
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"Does the World Economic Forum have a reason to exist? And two portfolio managers offer investment ideas if an equity pullback occurs.
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Cisco Systems lawsuit against Apple over the use of the name iPhone is a "minor skirmish" that could have been avoided if Apple had been willing to negotiate, the International Herald Tribune reported.
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Where there's international tension and headlines, there's sometimes fire...and sometimes not. Traders were quick to jump on rumors of an Iranian naval engagement just before 9 a.m. ET today. The rumor carried some pretty graphic details about a U.S. Navy ship being hit by an Iranian anti-ship missile in the Persian Gulf.
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The Dow closed at a record for the third straight session and Nasdaq fell slightly as investors bought selectively ahead of earnings reports and on a steep drop in oil.
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Lots of corporate headlines are already getting attention ahead of the open. Stocks in the U.S. are lining up to open higher at this point, and earnings will be the big focus. After making gains yesterday, European stocks are mixed with a flattish performance, and Japanese stocks were little changed to the downside.
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The Dow scored its second record close in a row and the Nasdaq had its best week in four months as buyers snapped up oil, financial and technology stocks ahead of next week's earnings reports.
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December U.S. retail sales, oil prices and earnings news should help direct the market today. Stocks look mixed after yesterday's big move up on tech buying and a continued slide in oil. The Dow's strong runup yesterday took it to a new high, its first of the New Year.
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For the third consecutive day--investors are talking about Apple’s iPhone. This time the buzz is about a lawsuit. California based Cisco Systems is suing Steve Jobs and company for trademark infringement, claiming they’ve owned the name iPhone since 2000. Who knew Cisco had an iPhone? CNBC’s Jim Goldman did, he first reported it weeks ago, and on today's “Squawk on the Street” he revealed more about the potential fist fight brewing in the Bay area.
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The Dow climbed to a new record and the Nasdaq finished at a six year high as falling oil prices drove buyers into consumer, health care and technology stocks.
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Cisco is asking the court to forbid Apple from using the name iPhone, which Cisco has held a trademark on since 2000 and attached to a series of phones and communications devices, reported CNBC's Jim Goldman.
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What a stunning turn of events for two of the best known names in technology, squaring off over the same name: iPhone. Weeks ago, I covered the naming controversy surrounding the impending announcement of Apple Inc.'s long-anticipated mobile device. For the past year, just about everyone referred to Apple's cell phone as the "iPhone." Go to Google, and the "i's" are certainly in Apple's favor: type in "Apple" and "iPhone" and you get 8.7 million results. Do the same with "Cisco" and "iPhone" and you only get 1.7 million results. Seems just about everyone is reaching the same connection that iPhone and Apple go together like chips and salsa.
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Cisco Systems said it sued Apple for infringing its "iPhone" trademark, after Apple unveiled a multimedia phone of the same name.
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Apple shares are jumping higher this afternoon--up around 6.5% after the company unveiled it's new iPhone. “We’re gonna make some history today,” said Steve Jobs, the inconic head of Apple during his annual presentation at the MacWorld conference in San Francisco. “This is a day I’ve been looking forward to for two and a half years. Every once in a while, a revolutionary product comes along that changes everything.”
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Just a few days away now from what promises to be an absolutely blockbuster week in the world of electronics, beginning with the massive Consumer Electronics Show in Las Vegas ... CES will be attended by 145,000 registered guests, 2,600 exhibiting companies spread across 35 football fields. But this year's show gives us pause to look back since CES celebrates its 40th anniversary.Ironic since this past December 28, I celebrated my 40th birthday as well. Ironic still since my wife took me away to a decidedly low-tech, nature-infused Calistoga Ranch in California's Napa Valley. As I absorbed the phenomenal scenery, the extraordinary attention to every detail, the attentive service, the wine, the spa, the food, all the relaxation gave my mind a chance to wander: preparing for the electronics extravaganza ahead while letting my mind drift to my first CES in 1994 ...
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Who's the best CEO in the country? Morningstar knows what separates the best from the rest. On CNBC’s “Morning Call” Pat Dorsey, Morningstar's Director of Stock analysis revealed Morningstar’s CEO of the Year!
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Top U.S. network equipment maker Cisco Systems said on Thursday it will buy Web messaging and e-mail security firm IronPort Systems for $830 million to tap growing demand for anti-virus and anti-spam software.
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This could get confusing. We just heard from someone who likes small caps for 2007 but what's the view on large caps? Will they still hold investor interest this year or will small caps rule? George Foley is First Vice President, Portfolio Manager at Glenmede Large Cap Value Fund . He appeared on "Squawk on the Street" to give his forecast.