Microsoft plans to close two of its factories in China by the end of March, according to the Dow Jones News Service.» Read More
Shares of Apple rose sharply after the company said it will hold a product launch next week, prompting speculation that a new line of iPods will be unveiled.
Nokia has asked authorities to bar imports into the United States of some Qualcomm chips and the phones that use them, saying they infringe five Nokia patents.
Nokia said it plans to replace 46 million batteries used in its phones that could overheat for free, but it will continue to negotiate with battery maker Matsushita over who would bear the costs.
Nokia, the world's top cell phone maker, said on Wednesday it would defend itself and its products against complaints Interdigital has filed in courts in the United States.
Stocks are finding their feet on higher ground this morning as a positive tone embraces equities markets worldwide. Oil continues to back down from the new high struck earlier this week.
Stocks closed higher as investors were encouraged by strong earnings reports despite lingering subprime concerns. "There wasn't much negative news today from the subprime market and people still want to buy the market," said Todd Leone of Cowen. "We were way oversold and I think you have some people putting money to work."
Here we go again--when it comes to all the speculation swirling around whether Google will jump into the cell phone market, not with new software, but with a handset of its own. To wit, we've already reported the myriad possibilities and puzzle pieces pointing to a possible cell-phone market entry by the search giant
The huge market swings yesterday--including a 200 point rebound in the Dow during the last half hour--may have had some traders chugging Maalox. But others thrive on the roller-coaster ride. Don't look for the big ups and downs to stop anytime soon.
Strong cell phone demand in emerging markets and in Western Europe boosted Nokia's second-quarter sales and profits, sending its shares to their highest level in more than five years.
Amazon and Baidu, Bank of America and Citigroup, Caterpillar and Terex and more...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.
Siemens' new chief executive made his debut on Wednesday with a politically astute disposal, a surprise acquisition but a weak set of third-quarter results, sending Siemens shares down more than 4%.
Every summer gadget companies are building the products they plan to sell during the late summer to Christmas bull market. A good investment play on the trend is to buy component makers like Texas Instruments.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.
Corporate takeovers in the tech sector and earnings news were some of the catalysts behind the most actively traded stocks on Monday.
Shares of Tellabs surged 19 percent Monday, after a financial news Web site reported the U.S. telecommunications equipment maker was entertaining a $7 billion bid by a joint venture of Nokia and Siemens.
Shares in Nokia opened lower on Monday after a report that its 50% owned Nokia SiemensNetworks is to offer $7 billion for smaller network equipment maker Tellabs.
Motorola on Thursday posted a quarterly loss as revenue fell amid weak phone sales and the company loses market share.
Motorola reduced quarterly guidance on Wednesday evening, buttressing activist investors' recent demands for a management shakeup.
Apple plans to launch a cheaper version of the iPhone in the fourth quarter that could be based on the ultra-slim iPod Nano music player, according to a JP Morgan report.
Motorola said it expects to incur a net pretax charge of $101 million in the second quarter inconnection with its previously announced work-force reductions.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.