The Supreme Court granted an appeal to broadcasters who sought to have online television service Aereo shut down.» Read More
Two giants in the music world are poised to duke it out over the ticket selling business. Although Ticketmaster (IACI) has dominated the concert business for years, it’s apparently hit a wrong note with Live Nation (LYV), a concert promoter. Now they want to start a rival operation. So what’s the trade?
IAC/InterActive Corp reported its second quarter earnings today and net income was up 78%, but Wall Street wasn't impressed -- the jump was thanks solely to divestiture and lower acquisition costs. Looking only at continuing operations (excluding stock compensation and those divestiture costs), the quarter's earnings were 31 cents, a penny less than the year-ago quarter, and two cents less than the analyst consensus. Revenues grew six percent, less than analysts expected.
General Electric and Pearson may challenge News Corp.'s $5 billion bid for Dow Jones & Co. with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.
Searching on the web has been hot forever, or at least since Google created its nifty homepage. But now Ask.com is coming up with a crazy new way to compete--Ask3D, a new search platform. It can't really be 3-D if it's on your computer screen, but it is a 3-panel interface, that delivers results with both Web links and video, images, and links to things like music, all one one page. Sort of like if you searched all of Google's categories (news, images, video) all with one click.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Wow--can Stephen Collins pick em or not. As we mentioned in an earlier post on contest stocks--best performong stock Foster Wheeler let the actor soar into first place in Trading With The Stars--with a $78K gain on FWLT--which was up 19.96% Wednesday. He now has a total portfolio value of $1,237,825.31 which gives him a $14K lead over Jonathan Tucker with 2 days remaining in the contest. Lots of hooray's for Stephen from the "Morning Call" Team--the show he's playing for.
The top 4 celebrities remain constant with Jonathan Tucker holding onto his lead with only $62,581.29 separating him from Stephen Collins. Poker champion Moneymaker is betting on Allscripts Healthcare to move him up from 4th on strong earnings after the bell Tuesday. And Hall of Famer Johnny Bench is counting on American Oriental Bioengineering to continue to perform--as he's in 5th place.
CNBC’s Mary Thompson reports that a survey of CEO compensation at 452 large companies found the pay of executives hired from outside is 20% higher than top officers promoted from within.
The lawsuit, filed in the Los Angeles Superior Court, said StubHub induced artists' representatives or promoters to demand tickets from Ticketmaster's venue clients as part of a deal to bring an act or sports team to a location.
Here is Cramer's take on Apple, Shutterfly, Tyco and many more...
When it comes to technology it seems like everyday we focus on big-screen this, or big-screen that, but today, thanks to Microsoft, I want to take a look at the small screen in your den or the tiny screen in your pocket.
The Mad Money maven's prediction about this stock came true, so it's a buy. He's got a couple of other stocks in the sector worth watching, too.
Here are seven reasons why this web company is a better investment than most other internet stocks right now.
Here's another internet stock that Cramer is pumped up about. There was a time when the Street thought it was a bit schizophrenic, but nowadays its strength is in a diversity of brands. And even after a 15-point jump, it still has the juice.
Cramer can often be a contrarian - and in the tech sector, he's got a few picks that go against the grain. One in particular is making some positive moves, and Cramer believes it could be reason to cash in now.
U.S. antitrust authorities said today they approved plans by online auctioneer eBay to buy sports ticket reseller StubHub for about $310 million in cash.
In an interview with CNBC's Julia Boorstin, Barry Diller said that recently sluggish sales growth at HSN was a "self-inflicted" problem for IAC.
Ticketmaster has bought a 25% stake in a music-oriented networking Web site in a deal that seeks to generate exposure for the ticket-selling giant among independent music fans.
Time Warner was banking on a huge turnout for New Line’s ‘Nativity’ after Passion of the Christ … But lo, the bloodless Jesus story didn’t quite have the allure. (Would Passion have done as well if it had been rated PG?) And despite the Fox’s huge run, it isn’t infact, infallible. 20th Century Fox debuted its new teen-oriented label, with its first release, Touristas, this weekend. Horror films are the most reliable genre EVER-teen boys always turn out for blood - but no luck this weekend, dragging home just about $3.5 million. I’d have thought that all of News Corp’s marketing muscle and MySpace...