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For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
The Dow faded under the weight of crude oil which surged past $125 per barrel Friday. What's the "Word on the Street?"
Back in 1957, Disneyland opened up a Jetsons-esque "Home of the Future" featuring all sorts of far-out gadgets like microwaves (!) and giant TVs (!). Some of them became realities in every American home. Others, like the floating furniture, well... Now, Disney is taking a whole new approach to the idea. I got a sneak peak at Disneyland's "Innoventions Dream Home," which opens in Tomorrowland on June 16.
The relentless upward march of oil prices dominated the business headlines through the week, but there were other developments to inspire the traders, analysts, and fund managers who offered their suggestions to investors on CNBC.
A funny thing has been happening to Google lately. Have you noticed? It's going up! And I'm not talking about the one-day pop it got from those surprisingly good earnings. I'm talking about the day to day creep-up, the steady momentum. The parallels to Apple are pretty striking.
Google's top executives expressed hope that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo -- a deal that would lower the odds of Microsoft renewing its attempts to buy Yahoo.
Muscular retail sales figures encouraged traders -- as the dollar slips again and crude oil continues to soar. How should investors read these ostensibly contradictory signs? Erik Ristuben of Russell Investment Group and Holly Isdale of Lehman Brothers offered their sector insights to CNBC.
News Corp. is benefiting from its global diversity and a strong TV business, and it doesn't seem to be hurt by the U.S. economy's downturn. And now, investors are saying the stock is undervalued.
Soaring sales of Nintendo's Wii game machine have made former Nintendo chairman Hiroshi Yamauchi Japan's richest man, worth $7.8 billion, Forbes magazine said in its annual rankings.
Microsoft has no plans to make another approach for Yahoo after it pulled its $47.5 billion bid earlier this month, Microsoft's Chief Research and Strategy Officer Craig Mundie said on Thursday.
Japanese telecoms and Internet group Softbank posted a worse-than-expected 13 percent fall in quarterly operating profit on Thursday, as its marketing costs ballooned on efforts to win new subscribers.
As the stock rallies ahead of Thursday’s annual meeting, could it be that Google is actually the big winner in the MicroHoo debacle?
Stocks declined as soaring oil prices triggered concerns about inflation and consumer spending.
On Monday, the first day of our on-air coverage following the collapse of the Microsoft/Yahoo negotiations, we were rife with speculation about what, if anything, Microsoft might do next. We talked about every possibility: News Corp. and Microsoft blending their online businesses with Microsoft relying heavily on the MySpace property;
Microsoft is gauging Facebook's interest in a possible acquisition after the software giant's failed takeover attempt of Yahoo, the Wall Street Journal reported Wednesday.
Take-Two Interactive Software scored more than $500 million in global sales of criminal action game "Grand Theft Auto 4" in its first week, marking what it said Wednesday is one of the most lucrative entertainment events in history.
Shares in China's top e-commerce firm, Alibaba.com, erased early gains to fall 2 percent on Wednesday as concern over its premium customer growth and the impact of a slowing globaleconomy offset enthusiasm over its forecast-beating quarterly results.
Stocks closed higher as optimism prevailed, even in the face of $122-a-barrel oil. Techs got a boost from speculation that a deal between Microsoft and Yahoo is still possible.
But with the surprise box office success of “Iron Man,” many are now questioning whether the company should abandon its franchise model and bring development of video games based on its characters in house.
Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.