A federal court threw out a jury order requiring Apple to pay $368.2 million in damages to VirnetX for patent infringement. Reuters Reports.» Read More
After a 4% surge in the index, the traders discuss which stocks are the best buys in tech.
It's a familiar refrain from strategists and fund managers, especially these days: Think long-term. Jensen Investment Management chairman Robert Millen and David Katz, chief investment officer of Matrix Asset Advisors, think that's the only way to go.
Yahoo Tuesday disclosed a three-year plan that it says will keep it ahead of Wall Street forecasts and should convince investors that a takeover offer from Microsoft Corp undervalues the company.
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
For the week ending Friday, March 14, 2008 the US Markets ended mixed. Market moving events include the Fed's $200B expansion of its securities lending program and the Bear Stearns bailout, amongst others leading to extreme market volatility. The Dow gained 417 points on Tuesday, only to lose the majority of its gains to close up only 0.48% for the week. The VIX crossed 30 for the first time since January. Next week, the markets will watch for the the FOMC announcement on interest rates Tuesday, the Visa IPO on Wednesday, and a slew of brokerage earnings including Goldman Sachs, Lehman Brothers, Morgan Stanley and possibly Bear Stearns.
Wall Street sent the Dow lower Friday amid the stunning news that the Federal Reserve had helped to engineer a bailout of investment bank Bear Stearns. What's the word on the Street?
Senior executives from Microsoft and Yahoo met Monday to discuss Microsoft's takeover bid for the company, according to two people familiar with the matter.
U.S. sales of video game hardware and software hit $1.33 billion in February, up 34 percent from a year earlier, with Sony's PlayStation 3 topping Microsoft's Xbox 360 for the second month in a row.
If Microsoft's play for a tiny chip of Facebook helped value the company at a staggering $15 billion, then AOL's play for social networking site Bebo makes perfect sense, even at $850 million.
Time Warner's AOL Internet division said Thursday it will buy social network Bebo for $850 million in cash, bolstering its consumer Internet offerings even as the media conglomerate mulls splitting off the business.
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Microsoft appears to be sticking by its original Yahoo bid ahead of an analyst meeting Thursday. What should you expect to hear from the software giant?
The Montgomery Tech conference is underway in Santa Monica, Calif. This is where the big media, tech, and telecom giants come to check out the 160 independent firms presenting their businesses. Cisco, Microsoft, IBM, Google, Disney, News Corp. -- 100 "buyers" in total are here checking out the start-ups and weighing investment possibilities.
Hulu.com is finally going public on Wednesday. After a four-and-a-half-month long public beta, the video site, co-founded and jointly owned by News Corp. and NBC Universal, is launching officially.
On Tuesday, Time Warner's chief executive of Time Warner, AOL’s parent company, acknowledged weakness in the online pioneer's business and said he was open to combining AOL with another company.
A liquidity injection from the Fed sent stocks to their highest levels in half a decade as investors were left wondering if the rally can continue into Wednesday. Playing the rally, what to do with oil, breaking news on Bear Stearns and more in the Word on the Street.
For Google, the European Union's ongoing scrutiny of its plans to buy DoubleClick has been an overhang on the stock since the deal was first announced. Today came the long-awaited EU blessing Google has been waiting for.
Google won unconditional approval from the European Commission on Tuesday to buy rival Web advertiser DoubleClick for $3.1 billion, despite objections from rivals and privacy advocates.
Rupert Murdoch CEO of News Corp, spoke at Bear Stearns annual media conference today, weighing in on the U.S. economy. He said he's now "more pessimistic" about the economy. Though he also said that News Corp is well positioned to weather an economic downturn because only about 20 percent of the company's business comes from advertising...
Stocks tumbled for a second consecutive session after the government's February jobs report revealed employers slashed payrolls last month. What's the word on the Street? Also hear from esteemed investor Dennis Gartman!