Headlines after the bell Wednesday: GOOG, AMEX, IBM» Read More
Hitachi, Japan's biggest electronics conglomerate, is considering selling a stake in its hard disk drive arm to a strategic investor to help it turn the loss-making business around, sources close to the matter said.
Apple Inc.'s warning Monday about the dangers of downloading software to unlock the iPhone had a strange ring to it. Kinda like parents warning coming-of-age kids that if they spend too much time enjoying a certain pastime, they risk going blind.
Google's stock reached a new high Friday, reflecting Wall Street's renewed faith in the Internet search leader as it introduces new ways for advertisers to reach its steadily expanding online audience.
Oracle, the world's third-largest software maker, reported higher quarterly profit Thursday as sales of products it acquired over the past year helped boost earnings.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Stocks closed with big gains as investors cheered the Fed's decision to cut interest rates deeper than expected. "The Fed gave us a little more than most of us had expected -- they are looking at the future and the U.S. economy is weakening -- I think that's why equities are responding to the upside," said Robert Doll, chief investment officer at BlackRock.
IBM on Monday said it would start offering free word processing and other office software, joining a growing group of companies with free applications challenging a core Microsoft product.
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.