There seems to be counterattacks on many levels in Silicon Valley, reports CNBC's Jon Fortt with the latest details on the struggle to break PayPal away from eBay.» Read More
“Power Lunch” is in San Francisco to focus on the role of of venture capital in the economy – from alternative energy to biotech to new media – and talk to major players in the field.
Following are the day's biggest winners and losers. Find out why shares of Blackstone (BX), eBay (EBAY) and General Motors (GM) popped while Countrywide Financial (CFC) and King Pharmaceuticals (KG) dropped.
L'Oreal, the world's largest cosmetics group, has launched legal action against eBay, alleging the online auctioneer does not do enough to combat the sale of counterfeits, the company said on Monday.
Yahoo is buying online advertising network BlueLithium for $300 million in cash, building upon an expansion aimed at ending a financial malaise that has ravaged the Internet pioneer's stock price.
I love the rivalries and I love to cover the business of rivalries. Because it’s amazing what people will pay for a ticket and how many people feel they have to be in the stadium. Just got a great number from the folks at eBay’s StubHub. For last night’s Red Sox-Yankees game, there were 9,216 tickets sold on StubHub. Just to give you an idea, that’s about 16 percent of the crowd.
Remember young George Hotz? He's the 17-year-old Apple hacker who figured out a way to "unlock" the iPhone so it would work on his T-Mobile SIM card, instead of the AT&T SIM card it came with? George enjoyed a whirlwind of press coverage, including quite a bit here on CNBC. I filed for "The Today Show" on Saturday about him.
Seventeen-year-old George Hotz owns a mean soldering iron, and now he's Apple Inc. and AT&T's worst nightmare--and the source of some serious embarrassment. You see, George spent the last 500-hours of his summer vacation unlocking Apple's iPhone, the year's hottest gadget and only available to work on the AT&T network. Until now.
With the stock market booming and wealth in America exploding, more of the rich and super-rich are giving big bucks to charitable causes.
The catalyst for this week's selloff was China's Shanghai Index dropping 9%, according to experts. Markets are now looking oversold, suggesting limited downside risk. Given the stock market selloff Tuesday do you buy, sell or hold today? What Do You Think?
Cramer has been bullish on eBay for some time - but he thinks there's a new reason to buy this company and not even the analysts have figured it out yet. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
With a grand jury scheduled to meet Monday and Atlanta Falcons quarterback Michael Vick reportedly exploring plea options on his dogfighting charges, we're making this blog today an all All-Vick Edition: What will be Vick's legacy when all of this is over? Vick's Wikipedia entry currently has 4,570 words on his playing career (including high school, college and the NFL) and 3,030 words on his dogfighting charges.
Singapore Airlines, the first carrier in the world to fly the new superjumbo A380, said Thursday the first delivery of the hulking jet has been set for Oct. 15.
Qualcomm, hoping to rebound from a string of legal setbacks, urged a federal judge Tuesday to reject a competitor's request to stop it from selling cell phone chips that infringe on patents.
Memorabilia producer and trading card maker Upper Deck has signed Boston Red Sox pitcher Daisuke Matsuzaka to an exclusive memorabilia and autograph deal. Sources tell CNBC it's a one-year deal.
I love the way press releases are written. Here are two very different ones. First, the press release making the biggest stretch: REESE'S® PEANUT BUTTER & BANANA CREME CUPS PAY TRIBUTE TO ELVIS PRESLEY. This is promoting--ok, I'm not kidding--new "Collector Edition Reese's Elvis cups" which feature "the unique flavor combination of peanut butter and bananas made famous by Elvis' love of peanut butter and banana sandwiches, a Southern favorite." COLLECTOR EDITION? Look for them to be bid up like crazy on eBay!
If Cramer were a gambling man, this is how he’d play his hand in the market today.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A rebound in the financial sector and positive earnings surprises triggered gains for some of the most actively traded stocks on Tuesday.
While the blue-chip Dow Jones Industrial Average has managed to surge over 100 points for two consecutive days, indexes measuring the health of the mortgage market continue to tumble.And that has left stocks tied to the industry a smoldering mess, spurring speculation about the extent of mortgage losses.
The experts call the 700Mhz wireless spectrum the last piece of undeveloped beachfront real estate in cyberspace, and Google wants it. "I'll tell you, even at Google you can't make a $4.6 billion commitment without being serious," says Chris Sacca, Google's vice president who's spearheading the company's aggressive lobbying effort of the FCC to make sure its voice is heard in the upcoming auction of wireless spectrum.
Amazon.com reported earnings of 19 cents a share for its second quarter, better than Wall Street estimates. Analysts forecast that Amazon would report a profit of 16 cents a share on sales of $2.81 billion, according a consensus estimate from Thomson Financial.