WNBC's Jonathan Dienst reports seven people have been charged in a nearly $62 million insiders trading scheme; eBay shares soar on earnings news; AT&T is raising prices for data plans; and two dozen people are still unaccounted for in the deadly Costa Concordia cruise disaster.
Discussing the trade on eBay's better-than-expected Q4 earnings, with the Fast Money traders, and Frederick Moran, Benchmark Company analyst, weighs in with the outlook for the internet company. Also the after hours trade on Xilinx, and Linear Tech.
The online retailer reported quarterly earnings of 60 cents a share on revenue of $3.4 billion, topping analyst expectations. However, the company’s outlook fell short. The stock wavered in after-hours trading.
Stocks closed near highs of the session Wednesday with the S&P finishing at its highest level since July 2011, buoyed by an optimistic report on Greece, which added fuel to an earlier rally after a better-than-expected housing market report.
The battle over Internet piracy bills, soon to be voted on in Congress, has reached a fever pitch, drawing a web-wide protest, and fierce opposition from the tech industry, among others involved in online business, the New York Times reports.
Stock index futures cut their gains to turn flat Wednesday following a handful of tepid economic news and amid fears over the ongoing European debt crisis, but Goldman Sachs earnings helped limit losses.
Of all the earnings reports coming this week, we’re hearing eBay may warrant close attention.
The start-up boom means there are more freshly minted millionaires looking to manage their wealth. And Wall Street firms are happy to help, for a fee. The New York times reports.
It's already up 8% this month; why are Jon Najarian, Steve Grasso and top tech analyst Colin Gillis so bullish on Microsoft ahead of earnings?
Take a look at some of Monday morning's early movers:
The Dow and S&P clawed back into positive territory at the close Wednesday, adding to the sharp rally from the previous session, but gains were limited over renewed fears over the euro zone debt crisis.
Yahoo confirmed it is tapping Scott Thompson, president of eBay's PayPal division, as its new CEO.
Futures pulled back Wednesday, after a strong start to the New Year, as investors turned their focus once again to the euro zone's debt concerns.
If you want exposure to the ongoing migration from brick-and-mortar retailers and toward online retailing, it may be wiser to seek out more attractively valued names other than Amazon.com.
Shopping while drinking has long benefited high-end specialty retailers; now the popularity of Internet sales has opened alcohol-induced buying to the masses, the New York Times reports.
From the entire S&P 500, which stocks are analysts expecting to have the biggest pops? Click to find out.
In his new book, “The Power of Storytelling: Captivate, Convince or Convert Any Business Audience Using Stories from Top CEOs" Jim Holtje shares the stories of those corporate legends who inspired their employees with their deeds and with their tales.
The issue at the heart of a heated Capitol Hill debate: how much companies should be held accountable for policing pirated material to which they might inadvertently link.
Moose Toys, the Australian toy company that was behind the Mighty Beanz craze several years ago, invented the Trash Pack and has sold more than 15 million “trashies” worldwide since the product hit the shelves in September. The company expects to reach $15 million in Trash Pack sales worldwide by Christmas.
With investors expected to stay cautious for the foreseeable future, analysts are bullish on businesses with predictable revenue streams and growth.