Dow Skids 200, Stocks End Down 1% as Fed Hints at Stimulus Slowdown
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Adobe is adopting a cloud subscription model. Ahead of Adobe's earnings report, TheStreet.com looks at the transition.
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BOSTON, June 19- Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major security holes in its software.
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WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ National Association of Realtors releases existing home sales for May, 10 a.m..
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Cisco Systems Inc. rose 3.2 percent to $24.87 with 27,426,800 shares traded. Facebook Inc. rose 2.5 percent to $24.23 with 17,984,900 shares traded. Groupon Inc. rose 1.0 percent to $7.73 with 11,173,800 shares traded.
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The U.S. Attorney's Office for the District of Delaware said businessman Xiang Li, 36, would be deported to China pending his release from prison. Li, of Chengdu, China, was arrested in June 2011, in an undercover sting by U.S. Department of Homeland Security agents on the Pacific island of Saipan, an American territory near Guam.
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NEW YORK, June 7- Carl Icahn and Southeastern Asset Management Inc are short-listing potential candidates to become the next Dell Inc chief executive should they succeed in a proxy battle against Michael Dell and Silver Lake Partners, two sources close to the matter told Reuters.
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Ciena Corp. rose 13.4 percent to $18.49 with 13,514,200 shares traded. Cisco Systems Inc. rose. 1 percent to $24.34 with 19,623,900 shares traded. Facebook Inc. fell. 7 percent to $22.73 with 16,919,000 shares traded.
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June 5- MidAmerican Energy Holdings Co, a core part of Warren Buffett's sprawling business empire, is becoming a favorite way for the " Oracle of Omaha" to invest the billions of dollars of cash on Berkshire Hathaway Inc's balance sheet.
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SAN FRANCISCO, June 4- Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff's most significant bet to date on the social marketing business.
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*Salesforce to slow M&A pace after ExactTarget purchase. June 4- Salesforce.com Inc, the biggest maker of online sales management tools, said it would pay $2.5 billion for marketing software maker ExactTarget, which helps companies reach customers on social networks through mobile devices.
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Software maker Salesforce.com will buy marketing software provider ExactTarget for about $2.5 billion in cash.
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DETROIT/ SAN FRANCISCO, May 28- Fisker Automotive, the cash-strapped "green" car maker that is seeking a buyer, has lost an influential board member who was key in attracting investors to the startup in its early days. Ray Lane, 66, resigned from the board on Friday, Lane's venture capital firm Kleiner Perkins Caufield& Byers and the car maker confirmed on Tuesday.
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May 23- Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.
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May 23- Salesforce.com Inc's earnings outlook for the current quarter failed to inspire investors used to strong numbers from the cloud-based business software pioneer, and its shares fell 6 percent. But Salesforce.com has struggled to win consistent profits.
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May 23- ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. Global Brass and Copper and Ply Gem Holdings rose less than 20 percent and Constellium declined 5.5 percent.
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Shares of cloud-based e-commerce software provider ChannelAdvisor surged in their debut, as enterprise software makers continue to draw investor attention.
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It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
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SAN FRANCISCO, May 17- Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains.
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Tech upstarts are delivering disruption, and the cloud is the driver.
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*Google music streaming service costlier than Pandora. SAN FRANCISCO, May 15- Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora and Spotify in the market for streaming music.
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Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.
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