More than 1,000 workers have gone on strike at an IBM factory in China, in objection to the terms of their transfer to Lenovo. The FT reports.» Read More
The Dow Jones Industrial Average put in its best day of the month Tuesday surging 180 points and overcoming a record close in oil. The Dow is now just 5% from its record reached in July. How do you trade?
Intel on Thursday introduced high-end processors for computer servers to compete with an upcoming new product from Advanced Micro Devices. Intel said the six new Quad-Core Xeon 7300 series processors can deliver more than twice the performance over its previous-generation dual-core products.
Gateway said on Wednesday it plans to sell its professional business segment to MPC Corp for about $90 million.
Stocks ended another volatile week on a positive note as investors were cheered by President Bush's plan to help distressed homeowners and Fed Chairman Ben Bernanke's stance that the central bank will act as needed to address credit concerns.
Stocks ended broadly higher as investors were hopeful the Federal Reserve will lower interest rates next month. "You had more people positive today that the Fed is going to cut rates," said Todd Leone, head of listed trading at Cowen & Co. "A lack of bad news is really the main thing moving the markets today -- as long as you don't hear anything negative, the market does OK."
Acer's shares fell sharply in Taiwan Tuesday, one day after the Taiwanese computer maker said it would acquire Gateway for $710 million.
Software maker SAP said on Tuesday it has doubled its number of customers in India to 2,000 in the past year, and reaffirmed that it planned to invest $1 billion in the country by 2010 to boost growth.
Taiwan's Acer will buy U.S. computer maker Gateway for $710 million to double its U.S. presence and unseat China's Lenovo as the world's No. 3 PC maker, while dealing a blow toits efforts to grow in Europe.
Stocks start the week on a weak note as investors await existing home sales data at 10 am New York time. A flurry of takeover headlines is getting attention, most importantly the revised deal by three private equity firms for Home Depot's service unit. The three buyers, Bain Capital, Carlyle Group and Clayton, Dubilier and Rice, agreed to buy the unit for $8.5 billion, 18% less than the original price agreed in June.
Principal Financial Group, LCA-Vision and IBM...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.
Hewlett Packard reported earnings of 71 cents a share for its fiscal third quarter, comfortably outpacing forecasts, and the company gave guidance for the fourth quarter that topped analysts' expectations.
It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
Ever hear of VMware? Probably not since the company works in high end "virtualization software" that makes a computer run better; the way STP or other fuel enhancers increase the performance of your car? VMware does that with software for your PC.
While most long-term investors should stay on the sidelines during the current market turmoil, analysts say there are opportunities to find some bargains amid the carnage."Fear creates opportunity," Michael Embler, chief investment officer at Franklin Templeton Investments, told CNBC.com. "If you are a long-term investor, you should be turning off your screen. But if you want to buy stock, this is an opportunity."
Financial stocks got hammered again on Thursday as renewed credit worries scared investors away from the sector. Housing stocks, however, showed surprising strength even with the growing problems in the subprime mortgage market.
Investment-grade U.S. corporate bond sales are rebounding following a recent downturn as Merrill Lynch, Citigroup, Kraft Foods and several other companies launched offerings on Wednesday.
Apple unveiled a line of slimmer desktop computers on Tuesday in a long-expected update of its iMac brand, positioning it for the back-to-school and holiday shopping seasons.
Sun Microsystems shares kept climbing Tuesday morning after a strong quarterly earnings report Monday. In an interview with CNBC, Chief Executive Jonathan Schwartz spoke about the the software and server firm's return to success.
Sun Microsystems, the world's third-largest maker of computer servers for businesses, said on Monday it swung to a quarterly profit from a year-earlier loss as it reduced costs, sending the shares higher.
Though stocks are down sharply from their highs of July 19, many analysts see the current volatility as a buying opportunity in select sectors.