The "Fast Money" traders share their final trades of the day.» Read More
Microsoft posted a rise in quarterly profit, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.
A big question ahead of Friday trading is whether the "halo" around Microsoft's first quarter and other strong earnings reports will provide enough momentum to overpower the dark fears stalking credit and the financial sector.
The news of the day was oil reaching a new record closing the U.S. session at more than $90 a barrel. And then, just a couple of hours later in Asia's Friday morning session, oil pushed past $91 a barrel. Some analysts are wondering how long before we see triple digits on oil and what is driving the prices sky high.
As Microsoft buys a $240 million stake in Facebook and AT&T reportedly is considering a purchase of a satellite TV company, what is the trade as the old “new” media meets the new “new” media?
Facebook, the social network Web site, is looking to hedge funds and private-equity investors to raise an additional $260 million in financing, the Wall Street Journal reported on its Web site on Thursday.
It's not often I do a double-take when I read a financial earnings report, but I had to make sure I was looking at Microsoft's numbers and not some other company's. The company beats by 6 cents a share; 45 cents instead of the 39 cents the Street was expecting.
Another late-day rally, this one not quite as robust as the last few days, but still the Dow was at 13,550 at 2 PM ET, so we rallied almost 125 points from that low to close at 13,671.
Stocks finished near even Thursday as Wall Street endured another topsy-turvy session, with rumors – of more subprime trouble and a Fed rate cut – proving just as influential on the markets as a handful of economic and earnings reports.
It's safe to say that Microsoft hasn't had this kind of optimism swirling around it in, well, I can't remember the last time. Windows '95 maybe? This company is firing on all cylinders, even though shares would suggest otherwise. The company will report its first fiscal quarter earnings after the bell, and feeding into the frenzy are headlines about Halo 3, Xbox 360...
We've heard the Google, Microsoft, Facebook 'story' before, but today's rendition comes with a new sense of urgency: The New York Post, then moments later the Wall Street Journal, report a deal between someone and Facebook is imminent: 24 or 48 hours away.
Japan's Nintendo nearly tripled its first-half profit and boosted its annual earnings outlook on Thursday as its popular Wii and DS game machines outsell rival Sony's PlayStation.
We now have a definitive agreement: Microsoft gets a stake in Facebook for $240 million, and now valuing the company at $15 billion. For a company that will do $30 million in profits on $150 million in revenue, that's a nifty valuation!
After much negotiation, and a tussle with Google, Microsoft snagged a new deal with Facebook. MSFT already handles Facebook's ad sales in the U.S., for the next few years at least. This extends the contract to Facebook's international business--already over half its ad business is overseas, and this is the area that has the biggest growth potential.
What should investors expect from Google’s analyst meeting on Wednesday? Martin Pyykkonen, Global Crown Capital senior media and Internet analyst, joined “Squawk Box” to offer his insights.
News Corp's MySpace is trying to retain a hold on its users who may be tempted by newer, hipper Facebook. So, MySpace is staking a claim in online gaming, partnering with Oberon Media, a company that creates and distributes online games. MySpace's games section will launch in January with hundreds of free "casual" games.
Microsoft has momentum as its friend when it comes to the game console business. Finally. Halo 3 has been like a magic elixir for Xbox 360, by some measures tripling console sales in the wake of the title's release, and for the first time, Microsoft beat sales of Nintendo's Wii during the month of September, selling an average of 105,600 units a week last month.
Microsoft said on Monday it is launching a reworked low-end version of its Xbox 360 in a bid to widen the game console's appeal to a broader audience that has flocked to rival Nintendo's Wii.
Sources I'm talking to at the company suggest that an announcement could come soon that Microsoft will unveil a new version of Xbox 360 featuring a built-in HD-DVD player and HD tuner. The device might be officially unveiled during Bill Gates' keynote at the upcoming Consumer Electronics Show in January, which could be a bummer since it misses this upcoming Holiday Shopping season.
Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side.
Will Friday’s sell-off have a dramtaic impact on Monday's trading and the earnings flood that lies ahead?