The department is expected to grant a 10-year health-care IT pact, at up to $10 billion, to overhaul its electronic health system records.» Read More
As companies slash travel budgets in the face of higher travel costs and a softer economy, they're increasingly adopting technology that enables employees to collaborate face-to-face without boarding a plane.
Oil dominated the news again during the week, though crude prices fell back for a change. Economic data also moved the markets, which finished up for the week.
Dell shares were trading higher before the market's open on strong earnings and an upgrade to buy from Merrill Lynch.
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Dell reported a profit and sales that outstripped analysts' forecasts, vaulting its shares higher in after-hours trading.
BlackRock's Bob Doll is not known to make rash decisions. And in the face of spiking oil prices, a slowing economy and market volatility, he continues to buy stocks. So what is he buying?
Lenovo Group, the world's No.4 PC maker, lagged forecasts despite doubling quarterly earnings, as a one-off gain from the sale of its mobile arm and strong sales in a resilient China market failed to offset stiff competition and a U.S. slowdown in notebook sales.
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For the first time since 2002 tech has surpassed financials to become the largest sector in the S&P 500. How should you bet on tech?
So, Carl Icahn is grabbing headlines this week over his new battle with Yahoo and how Boone Pickens is backing him up now, too. But Icahn has his finger in a lot of pies. He's still in a proxy fight with Biogen Idec where he's trying to get his people on the Board at the upcoming shareholder meeting on June 19th.
Stocks plunged after the Federal Reserve cut its 2008 outlook and oil finished above $133 a barrel. The Dow shed more than 227 points, or 1.8 percent, bringing its two-day point decline to about 450.
Hewlett-Packard posted a higher quarterly operating margin after cost cuts, and said strong growth abroad offset some weakness in the United States, but the shares were lower Wednesday as results couldn't shake off concerns about the company's integration with acquisition target Electronic Data Systems.
Stocks opened flat Wednesday after oil breezed past $130 a barrel, fueling inflation fears.
Once again, we are seeing off-price apparel stores doing well. This morning Ross Stores reported good earnings, and more importantly gave guidance for the current quarter and the full year above analyst expectations.
Hewlett-Packard reported a profit that exceeded analysts' expectations but matched the earnings guidance the company gave last week.
Wall Street is on inflation watch Tuesday. In fact, it is beginning to be on inflation watch everyday. The producer price index, the measure of inflation at the producer level, is released at 8:30 a.m. and is the only item on the economic calendar for Tuesday.
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
Stocks advanced Monday as an uptick in leading indicators offered investors a modest confirmation of the optimism they've been trading on.
Stocks opened flat Monday as high oil prices fueled concerns about the weary consumer and there was fresh chatter that the credit crunch isn't yet over.
Stocks finished flat as a new record for oil prices overshadowed a better-than-expected report on housing. Still, for the week, all three major indexes managed decent gains: The Dow Jones Industrial Average climbed nearly 2 percent; the S&P 500 index advanced about 2.5 percent and the Nasdaq jumped more than 3 percent.