As the company grows and open source spreads, companies have yet to make a model as profitable as traditional software companies.» Read More
Citigroup's better-than-expected earnings report turned the tide ahead of the open.
Regulators continue to crack down, high-end homes go to auction and Microsoft misses its earnings forecast. Following are today's top videos:
The Dow and broader stock market jumped on Thursday as oil prices dropped sharply for a third day. What's the "Word on the Street?"
Just when it looked safe to get back into the water, sharks were sighted. Merrill Lynch showed a bigger loss than expected (a much bigger loss), Microsoft was indeed soft and Google could have done better. On the other hand, JP Morgan surprised us as did United Technologies and IBM. So maybe you pay your money and you take your chances.
As for techs, traders note that there has been less focus on that sector, because everyone is still in the process of unwinding the Long Energy/Short Financials trade. These numbers will reinforce the bear position that we are in a poor market for tech.
Minutes after reporting this news, the company offered up a revision to its full year earnings per share and the bump up is significant. Remember, IBM did this at the conclusion of its first quarter, taking EPS estimates up from $8.25 to $8.50.
The company missed the Street expectations by a penny, so in the big scheme of things not such a devastating issue. But the miss comes on far better than expected top line growth: $15.8 billion instead of the $15 billion analysts expected. What's the problem here?
Microsoft reported fourth-quarter earnings of 46 cents per share on revenue of $15.84 billion -- falling short of analyst estimates.
Yahoo said on Thursday billionaire Carl Icahn's agenda presents a "significant risk" to the value of Yahoo stock, and that it would only sell itself to Microsoft under the right terms.
Move over guns and grenades. Make room for karaoke microphones and Frisbees. The gaming world is going soft. Having been the home of fairly violent games like the Xbox 360's "Halo 3" and PlayStation 3's "Resistance: Fall of Man," the video game industry is looking to to grab more of the mass market consumer.
Microsoft will report its fourth fiscal earnings quarter after the bell today, and investors will be keenly watching guidance to make sure the company wasn't too aggressive in its forecasts the last time around.
Google shares might not reflect the level of optimism swirling around this company right now, but this could be a break-out earnings report from Google after the bell later today.
It looks like traders think the stock will move "ever so slightly" to the upside, says analyst.
Earnings from J.P. Morgan and some other big companies could sway the market's early direction, but traders are closely watching oil to see if it will make or break the upswing in stocks.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Three Dow companies and thirteen members of the S&P 500 report quarterly results tomorrow making Thursday the biggest single day of the earnings season. Who will be the big winner?
Time Warner discussions to merge or sell its AOL internet division with Microsoft or Yahoo have taken on new urgency ahead of Yahoo's Aug 1 shareholders meeting, a source familiar with the discussions told Reuters on Tuesday.1st paragraph of story should go here
Stocks closed lower following a zig-zag day marked by a plunge in oil and a barrage of statements and news from economic policy makers, and a resurgence for the beaten-down financial sector.
Dow component Intel reports earnings after the bell later today, and while I touched on expectations yesterday, I want to go a little deeper today, especially with a market like this one.
Yahoo - and Mr. Yang’s fate - were Topic A at the annual billionaires’ summer camp, as rival moguls gossiped about whether Yahoo would end up in the hands of Microsoft.