Sotheby's is laying off some of its staff and moving a portion of them to other jobs as part of a broader overhaul, CNBC has learned.» Read More
Investors will know more about the health of tech's Intel, Google, eBay and Yahoo as analysts expect to see Q2 earnings for the sector next week.
*Wells Fargo falls, more banks' earnings due next week. Shares of Wells Fargo& Co., down 0.5 percent at $51.54, were in the spotlight as the biggest U.S. mortgage lender was the first major U.S. bank to report earnings. Wells Fargo's results will be followed next week by earnings from Citigroup, Goldman Sachs, JPMorgan Chase and Bank of America.
WASHINGTON— Commerce Department releases retail sales data for June, 8:30 a.m.; Commerce Department releases business inventories for May, 10 a.m.. BERLIN— Germany's ZEW institute releases its monthly index of investor confidence in Europe's biggest economy.
eBay rose $1.20 or 2.4 percent, to $51.54. Groupon Inc. rose$. 06 or. 8 percent, to $6.55. LinkedIn Corp. rose$. 35 or. 2 percent, to $156.66.
*Wells Fargo falls, but revenue tops forecasts. Wells Fargo& Co reported revenue that beat expectations, though for the first time since 2009, the bank did not increase its earnings-per-share from the preceding quarter. Fastenal Co slumped 4.6 percent to $45.92 after revenue missed expectations.
eBay rose $1.30 or 2.6 percent, to $51.63. Groupon Inc. fell$. 09 or 1.3 percent, to $6.42. LinkedIn Corp. rose$. 77 or. 5 percent, to $157.08.
eBay fell$. 52 or 1.0 percent, to $50.41. Groupon Inc. fell$. 04 or. 6 percent, to $6.54. LinkedIn Corp. fell $1.91 or 1.2 percent, to $157.65.
eBay fell $1.02 or 2.0 percent, to $49.91. Groupon Inc. fell$. 04 or. 6 percent, to $6.54. LinkedIn Corp. fell $4.86 or 3.0 percent, to $154.70.
SAN FRANCISCO, July 9- Braintree, the payments gateway owned by eBay Inc, is trying to remove a hurdle for e-commerce companies by making it easier for customers to pay for products on their smart phones.
NEW YORK, July 9- The man accused of creating Silk Road, which U.S. authorities said was an online drug marketplace, lost his bid on Wednesday to dismiss a federal indictment accusing him of conspiring to deal illegal narcotics and launder money.
Spring, a company co-founded by former Techstars NYC head David Tisch and his brother Alan, has raised a Series A investment of $7.5 million.
Following news that Crumbs has closed all of its stores, one seller has listed a Crumbs birthday cupcake on eBay for $250.
Mobile-pay start-ups have yet to offer a compelling experience that would cause consumers with bank accounts to leave their cards behind.
NEW YORK, July 2- The year's best performing large-cap growth fund is run by a Charlotte, North Carolina- based manager who is more likely to bargain-hunt than chase the latest hot stock. He's done that by adding companies such as Apple Inc, Halliburton Co and Akamai Technologies Inc after the shares of each suffered a short-term drop.
NEW YORK, June 25- Like a lot of American couples in the late 1950 s, my parents got a set of sterling silver flatware for their wedding. And also like many, they have not used it for many years.
Payments startup Stripe and China's Alipay struck a deal to allow Chinese buyers to pay for purchases on the U.S. service.
What do Elon Musk and Stephen Hawking, two of the great minds of our time fear? The rise of the machines. Their warnings are chilling.
"Dilbert" creator Scott Adams tells CNBC he doesn't see a way to get around the problem of everyone's hyper-dependence on email.
Some of the names on the move ahead of the open.
*Rocket Internet building online empire outside US, China. Rocket Internet is bidding to create the largest internet empire outside the United States and China, seeking to replicate the success of Amazon and Alibaba in markets the U.S. and Chinese e-commerce groups have yet to dominate, such as Africa, Latin America and Russia.