Some of the names on the move ahead of the open.» Read More
Who says old school technology is dead? Has anyone notice the top performers in the Dow in July?
*Morgan Stanley climbs in premarket after earnings. NEW YORK, July 17- U.S. stocks were poised for a lower open on Thursday, in the wake of fresh U.S. and European Union sanctions on Russia and weaker-than-expected housing data.
SEATTLE, July 17- Microsoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it trims its newly acquired Nokia phone business and reshapes itself into a cloud-computing and mobile-friendly software company.
U.S. stock index futures traded lower on Thursday, after the announcement of fresh sanctions against Russia hurt global markets.
*Morgan Stanley climbs in premarket after earnings. NEW YORK, July 17- U.S. stock index futures were lower on Thursday, in the wake of new U.S. and European Union sanctions on Russia and ahead of data on the labor and housing markets.
The strong performance of Wall Street indexes is at odds with the modest growth prospects of the U.S. economy and the same contradiction also prevails in Europe and parts of Asia. In early European trading, Britain's FTSE 100 was down 0.4 percent to 6,759.68 and France's CAC 40 dipped 0.5 percent to 4,349.28.
WASHINGTON, July 17- Engine maker Pratt& Whitney will partner with International Business Machines Corp to compile and analyze data from about 4,000 commercial aircraft engines in order to be able to predict trouble before problems arise, the company announced on Thursday.
SEATTLE, July 17- Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company.
If Apple delivers the new products analysts expect, it could have the best pipeline it's had in more than two decades, Gene Muster said.
*Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.
Discussing if Apple's pipeline will deliver and be its best in 25 years, with Gene Munster, Piper Jaffray.
TORONTO— BlackBerry shares dropped Wednesday after details emerged of a partnership between two of the world's biggest technology companies— Apple and IBM— aimed at business customers. William Blair analyst Anil Doradla said he believes the Apple and IBM partnership will be a "long-term negative" for BlackBerry.
Apple Inc s rose$. 94 or 1.0 percent, to $96.26. Hewlett Packard Co. rose$. 72 or 2.1 percent, to $34.87. International Business Machines Corp. rose $4.74 or 2.5 percent, to $193.23.
The Apple-IBM tie up, beginning this fall, is set to target the customer base that BlackBerry needs to woo as part of a turnaround under new Chief Executive Officer John Chen. "It is not a crushing blow at this early stage, but it is a negative for BlackBerry," said IDC analyst John Jackson.
An Apple-IBM partnership could add management features to devices used for work and make Apple gadgets more attractive to business users.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
The Apple-IBM partnership also greatly benefits both companies, says Roger McNamee, founding partner of Elevation Capital.
Apple and IBM have announced a partnership to develop enterprise solutions, and the announcement put pressure on BlackBerry shares. The FMHR traders share their opinions on the deal.
Roger McNamee, Elevation Partners co-founder, weighs in on the collaboration between Apple and IBM. McNamee explains what the deal says about changes taking place in the broader technology market.