As bitcoin prices fall $120 over the past week, analysts say it's becoming less sensitive to 'good news.'» Read More
Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....
Some of Tuesday's midday movers:
July 29- The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future. Shares of the company dropped almost 6 percent to $13.30 during Tuesday morning trading after the results were released.
July 29- New York Times Co reported a slight drop in second-quarter revenue as print advertising sales fell 6.6 percent, and the company said it expected a mid-single digit percentage drop in total ad revenue in the current quarter. Revenue fell to $388.7 million in the quarter from $390.9 million in the same quarter of 2013..
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.
"EPA goes beyond the plain reading of Clean Air Act Section 111 directing states to achieve questionable emission reduction targets from a limited menu of economically damaging and legally questionable' options'," said Senator David Vitter of Louisiana, the committee's top Republican.
ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.
ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.
NEW YORK, July 17- Alibaba Group Holding Inc has pushed its highly anticipated IPO until after the September Labor Day holiday, a source with knowledge of the matter said, as the Chinese online retail company works through the complex process of launching what could the largest-ever U.S. tech debut.
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.
NEW YORK, July 16- Time Warner Inc's board, in rejecting 21st Century Fox Inc's $80 billion bid, insisted the offer undervalued the media conglomerate and raised fears about the dominating role that Rupert Murdoch's family would play, a person close to the situation said on Wednesday.
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
*Murdoch may consider higher offer for Time Warner- sources. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday it had offered to buy Time Warner Inc, a move that would unite two of the world's most powerful media conglomerates, but Time Warner rebuffed its offer.
*Murdoch determined to pursue Time Warner- NYT. July 16- Rupert Murdoch's 21st Century Fox said it made a bid to buy media conglomerate Time Warner Inc but was rebuffed. Time Warner's stock jumped 22.5 percent to $87 premarket as the New York Times reported that Murdoch was determined to buy Time Warner and was unlikely to walk away despite the rejection.
*Intel climbs in premarket on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. *IBM will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the companies announced late Tuesday.
July 16- Media mogul Rupert Murdoch is determined to buy Time Warner Inc after the media conglomerate rejected an $80 billion buyout offer from Twenty-First Century Fox Inc, the New York Times reported. Twenty-First Century Fox, controlled by Murdoch, offered last month to buy Time Warner for $85 per share in cash and stock, the newspaper reported.
BUZZ-TIME WARNER INC: NYT SAYS 21 ST CENTURY FOX MAKES $80 BLN. **Media company's shares up 12.8 pct at $80.12. **The New York Times reports Rupert Murdoch's Twenty-First Century Fox Inc makes $80 billion takeover bid, which Time Warner rejects.
July 16- Time Warner Inc rejected a $80 billion buyout offer from Rupert Murdoch's Twenty-First Century Fox Inc, people familiar with the matter told The New York Times.
LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.