U.S. stocks closed higher after the Fed kept rates unchanged and the continued recovery in oil prices encouraged investor sentiment.» Read More
There's been a ton of buzz about Facebook here at Brainstorm:Tech, so MySpace is a natural topic. News Corp bought MySpace for a steal, a mere $580 million, making NewsCorp seem quite forward thinking (Facbook's value is some $15 billion based on a Microsoft investment).
The company holds to its 2008 outlook, despite a drop in second-quarter earnings. and says it is will continue to look at possible transactions, says CEO Jerry Yang.
Yahoo's numbers don't do much to re-assure investors that this executive team is executing on the strategies CEO Jerry Yang has talked about to improve Yahoo's fundamentals. Add today's earnings to the shareholder agenda at the meeting next week. Investors simply cannot be happy with today's performance.
Yahoo may have doused one raging fire this week, settling with Carl Icahn, but there's still another blaze burning: the company's underlying business, and that may take far more effort to put out.
A very mixed earnings picture in the last twelve hours. Yes, AmEx, Apple, and Merck and Texas Instruments disappointed. But DuPont, Suntrust and Packaging Corp. were better than expected.
Logitech International, the world's largest maker of computer mice, posted an 11.5 percent rise in first-quarter net profit on Monday, boosted by the strong performance of Harmony-brand remotes.
Jill Smart, an Accenture executive, was skeptical the first time she stepped into her firm’s new videoconferencing room in Chicago for a meeting with a group of colleagues in London. But the videoconferencing technology, known as telepresence, delivered an experience so lifelike, Ms. Smart recalled, that “10 minutes into it, you forget you are not in the room with them,” The New York Times reported.
Now that Carl Icahn is on the board what’s the trade ahead of Yahoo! earnings Tuesday after the bell?
With so much news Monday we need two "Word on the Street" posts. Find out what the traders are saying about oil, the financials and more!
Stocks slipped as the bank rally that has stretched four sessions appeared to run out of steam ahead of Wachovia's report. Merck fell following disappointing results from a cholesterol-drug study.
Stocks slipped as the morning bank rally fizzled. Merck fell following disappointing results from a cholesterol-drug study.
Stocks slipped as the bank rally that has stretched four sessions appeared to fizzle ahead of Wachovia's report. Merck fell following disappointing results from a cholesterol-drug study.
Yahoo is relinquishing three seats on its board of directors to activist investor Carl Icahn, while still leaving the door open for a possible sale to Microsoft...
Stocks advanced, led by a fourth straight rally in bank stocks after Bank of America beat expectations. News of a potential pharma deal also gave the market a boost.
The analysts I'm talking to this morning seem to indicate that Yang really had no choice but to get this ugliness with Icahn settled prior to the shareholder meeting. If there's frustration out there, it's that Yahoo's board couldn't come up with a way to get this settled earlier than two weeks before the meeting.
Yahoo has reached a settlement with activist investor Carl Icahn to avoid a battle for control of the company.
Stocks are casting a wary eye on oil and, lacking any dramatic events, earnings news could steer the market.
Stocks finished the day mixed, as disappointing earnings from Microsoft and Google dragged down techs, but gained 3.6 percent for the week, helped by a rally in bank stocks and a sharp drop in oil prices. Oil ended the week down 11 percent at $128.88 a barrel.
After Microsoft and Google earnings knocked the Nasdaq can Apple profits prop up tech?
The Dow closed with fresh gains Friday due to a smaller-than-expected loss from Citigroup and the biggest weekly dollar drop ever in oil prices. What's the "Word on the Street?"