Activist investor Starboard Value wants Yahoo to slim down and merge with rival AOL, all without paying a $16 billion tax bill.» Read More
Stocks closed broadly higher on Friday as the major markets hit new highs on takeover news and encouraging consumer data. "Right now investor sentiment is surging to the optimistic side," said Chris Johnson, founder and chief investment strategist at Johnson Research Group.
When is a $3 billion company really worth $6 billion? When you're Microsoft, looking for some kind of answer to the Google online advertising juggernaut, and still licking your wounds after losing the billion-dollar bidding war for DoubleClick.Which leads us to Microsoft's mega-merger with Aquantive, offering an 85% premium to yesterday's closing price. It's a bold move, a pricey move, a move Microsoft had to make, but not surprising given what's been happening in the online advertising world these past few weeks.
Microsoft said Friday it will purchase online advertising firm aQuantive Inc. for about $6 billion in cash, paying a premium to catch up with major ad deals by its competitors over the last six weeks.
Share buybacks are seen driving the market rally. But is the record buyback level really a good thing? Jerry Castellini thinks so. The president and CIO of CastleArk Management explained his optimism to "Squawk on the Street" viewers.
A late selloff pushed stocks lower at the close as strong economic data and encouraging comments by the Fed were offset by profit-taking and a spike in energy prices. "We're seeing a little bit of weakness, but the market not selling off tremendously is an overall positive," said Robert Pavlik, chief investment officer at OakTree Asset Management.
Shares of Sony jumped to a five-year high on Thursday after the electronics maker forecast a six-fold jump in annual profit on sales of LCD TVs and expectations for smaller losses in its game division.
Stocks moved broadly higher and the Dow logged triple-digit gains as investors were encouraged by large investments revealed by several billionaire investors. "We're in a bull market without any question," said Ned Riley, CEO of Riley Asset Management. "You can't deny this market because there is so much money being invested."
Billionaire investor George Soros reported Tuesday that he had more than doubled his stake in Microsoft Corp.'s common stock to 415,497 shares as of March 31 from a previously disclosed stake of 198,075 shares.
Sony reported a wider quarterly loss on Wednesday due to losses in its game unit, but it forecast a sharp rise in profit this year as it boosts sales of its PlayStation 3 video game machine and LCD TVs.
Bill Gates said an accelerating consumer shift to digital lifestyles had helped make the operating system the fastest-selling in history, and that premium editions have accounted for 78% of Vista sales.
Vicki from New York doesn’t anticipate an up-turn in the housing market anytime soon. She asks if she should short Bear Stearns (BSC) on the potential slowdown in its mortgage trading business?
Douglas Kass, President of Seabreeze Partners, a hedge fund that shorts the market, told CNBC’s “Squawk Box” that he believes the bear will wake from his slumber and soon growl at increasingly sour market conditions.
For all you hear about the housing bust, you'd think prices aren't going up anywhere. One look at the Seattle or Portland, Oregon markets tells you it isn't true.
Apple's annual shareholder meeting was short on news, but long on drama with several investors grilling the Apple directors who did show up with questions about the stock options backdating scandal.Apple's entire directors' slate was re-elected, as expected. None of the shareholder resolutions passed, as expected.The fireworks and interesting nuggets came during the shareholder question-and-answer session.This is the first paragraph/short story.
According to the Seattle Post-Intelligencer, Bill Gates confessed to searching for the estimated value of his 50,000-square-foot mansion on Zillow.com. Gates generally likes the online real estate site, which launched with the help of some former Microsoft execs. But he says Zillow's "algorithms for figuring out prices don't scale very well to the low end or the very high end."
Shares in Rio Tinto retreated as much as 4% on Thursday, a day after surging to a record onspeculation BHP Billiton may make a $100 billion-plus takeover bid.
Shares in mining group Rio Tinto surged on Wednesday on talk that bigger rival BHP Billiton was planning a bid which would create the world's fifth biggest company, although Rio denied it had been approached.
Is Hewlett-Packard worth the buy? Why doesn't Microsoft acquire Yahoo!? What about retail stocks? Cramer answers viewers' questions.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.
Whoops! They did it again!You probably never thought of linking Britney Spears to the Silicon Valley stalwart HP, but another embarrassing gaffe grips the folks in Palo Alto.Somehow, some way, HP's finance team mistakenly releases the company's second quarter guidance which was supposed to be disclosed a week from tomorrow when HP was set to release earnings after the bell. Instead, the company cops to the "inadvertent disclosure of financial information relating to HP's recently completed second fiscal quarter through an internal email sent Monday evening to a single outside party."