The rapidly-growing messenger application now has 800 million active users, according to a Facebook post made by its founder.» Read More
This has been an unprecedented volatile week for Wall Street, but Google CEO Eric Schmidt isn't going to let that slow down his business.
Smart phone maker Palm shifted to a loss in its most recent quarter, though the deficit wasn't as deep as analysts had forecast.
Seinfeld wasn't "fired," or "canned," or "cancelled," or "let go." The company said from the early going that the Seinfeld commercials were "teaser ads" meant to stir conversation and debate, and tee up this next round of ads.
CNBC Contributor David Pogue says that Microsoft's new Zune is no longer just an iPod clone.
Seattle is seeing many of its economic crown jewels take a hit. There's a strike threat at Boeing, Starbucks is trying to recapture the mojo for its joe, Microsoft faces ever new challenges, and WaMu may go from the nation's largest thrift to...?
They started with such fanfare: Microsoft on the offensive, launching a new TV ad campaign, spending $10 million for the services of comedian Jerry Seinfeld, who would be part of a massive, $300 million ad spend.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
Wall Street suffered another beating Wednesday at the hands of investors panicking over the state of large banks, as they flocked from stocks and sent safe-haven areas like gold soaring.
Google will hardly be a me-too vendor. I'm sure the new HTC "Dream" phone will be feature-rich. But how it looks and how it feels might eclipse what it does since there are so many other options out there for consumers right now.
Republican presidential candidate John McCain, struggling to strike the right note amid roiling financial markets and a Wall Street restructuring, on Wednesday softened his opposition to a bailout of mega-insurer AIG that he had flatly ruled out a day earlier.
Insurance companies have gotten away from their core competencies and that is "dangerous," said New York State Insurance Superintendent Eric Dinallo.
Former Allstate CEO Edward Liddy will be the new CEO of AIG, which was rescued by an $85 billion loan from the Fed, in exchange for an 79.9% stake in itself.
This has been a crazy week on the markets, and it's still only Tuesday morning out here in Silicon Valley. But look no further than the stalwarts in the PC business, like Apple, Hewlett-Packard and Dell to see a new kind of volatility index.
When stadium naming rights started taking hold in the sports stadium building boom of the 90s, the airlines swooped in. Delta bought the rights to the arena in Utah in 1991, America West took Phoenix in 1992, United bought the Chicago Bulls and Chicago Blackhawks venue in 1994.
With the markets starting down again today before rebounding, here are the top ten 2-day percent and point moves for the major indices. If the Dow closes down more than 23 points today, it would reach a top 10 point move. The S&P would need to close down less than 1 point to reach a top ten status. The Nasdaq is far from a top ten 2-day point or % move.
Ten years ago, when there were far fewer websites than there are today, a couple of guys living in Stanford's Escondido Village got the idea to create an easy-to-use, searchable directory so friends and family could easily find the net's newest, coolest destinations.
The Dow and S&P 500 fell over 4.5% today, while the Nasdaq composite dropped 3.6%, as concerns over the health of the financial sector intensified following the decision of Lehman Brothers to file for Chapter 11.
If Electronic Art's unsolicited bid for Take-Two Interactive sounds a lot like Microsoft's unsolicited play for Yahoo — complete with both EA and Microsoft ultimately walking away — think again.
On a week where Financials dominated the market, Freddie and Fannie lost over 90% of their share price, followed by Lehman at a loss of almost 78%; the markets still managed to close positive on the week.
The background is this: Balsillie has been Jonesing for an NHL team for the past several years. He looked close to getting a deal done for the financially strapped Pittsburgh Penguins. When that didn't work out, he started to focus on the Nashville Predators.