U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.» Read More
Paulson & Co., the hedge fund that raked in billions of dollars over the last year in betting on the subprime credit meltdown, has built up a stake of about 50 million shares in Yahoo. Meanwhile, Yahoo has rebuffed investor Carl Icahn's plan to nominate board members to the Internet pioneer.
The Dow made double digit gains Thursday as a battle to control Yahoo boosted the technology sector and a pullback in oil eased concerns about inflation. What's the "Word on the Street?"
Stocks rallied for a second day Thursday as traders found cause for optimism and technology stocks blazed the trail.
It's official: Carl Icahn is stirring up the pot in big way when it comes to Yahoo's uncertain future, launching a proxy war, putting forward his own slate of directors, and pulling no punches when it comes to skewering existing management.
Carl Icahn launched a proxy battle to force Yahoo to reopen buyout talks with Microsoft, the billionaire investor said in a letter to the Internet company Thursday.
Billionaire investor Carl Icahn has elected to move ahead with plans to run a dissident board slate at Yahoo, sources familiar with the matter told Reuters on Wednesday.
With the deadline looming for investors to nominate a competing slate to Yahoo's existing board of directors--and Carl Icahn itching for a boardroom battle of his own for the stumbling internet brand--there are some interesting developments on Yahoo's own recollection of how and why negotiations with Microsoft broke down.
Carl Icahn and a possible proxy fight with Yahoo, the CEO of Liz Claiborne on the status of their turnaround and after hours action from Whole Foods, Applied Materials and more.
Some notable quotes from last night's Kudlow & Company: Overcoming the Obama Effect The only way you overcome the Obama effect is not with atmospherics—he’s going to outdo you on eloquence and that kind of thing. The only way you can do it is with substance.
Talk about a busy couple of days for HP: yesterday, news begins trickling out that a $13 billion deal between HP and Electronic Data Systems. Shares are halted, speculation begins, a statement from HP confirms the talks, the deal is announced this morning, investors wonder whether IBM will face competition in its bread-and-butter business, and oh yeah, HP also pre-releases earnings.
Vocal Yahoo dissident shareholder Eric Jackson has decided not to run a competing slate of directors to replace Yahoo's board.
Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo, according to people who have spoken with Icahn.
Stocks got off to a good start Monday with the Dow making triple digit gains for the week. What's the "Word on the Street?"
It's here! Or almost here. It's the new Research in Motion BlackBerry 9000 Bold, and what a bold step this is. It's been a year since RIM released an update, and during that time, just about every spotlight has turned to the iPhone from Apple with so many experts ceding the market to the upstart touch-screen wonder.
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.