I’m hoping you have to go to a museum to see Oracle and SAP software, said a candid CEO during an interview with Cramer.» Read More
Tokyo stocks closed almost flat on Christmas Day. Trade was thin, with participants citing the holidays in overseas markets.
Stocks bucked a trend and closed lower on the last session before the Christmas holiday on investor concerns about a slower economy.
Linux open-source software distributor Red Hat posted profit and revenue that topped Wall Street's forecast as the company added 12,000 new customers, sending its shares higher.
Weak software sales and a tepid forecast for the current quarter drew attention away from an otherwise in-line earnings report.
Stocks closed mostly higher as investors shrugged off the latest inflation news and energy shares rallied on strength in crude prices.
Stocks look set to open lower after a sell off in energy and tech took the wind out of the year end rally yesterday, despite nearly $90 billion in deal announcements. Investors will be closely watching the ripple effect in emerging markets from Thailand's clampdown overnight on speculation in the baht....
The bulls caught their breath today after a run-up last week. All major indexes ended the day in the red. The Dow Jones Industrial Average closed slightly lower today by 4 points, even as two of its biggest components – General Electric and Citigroup – surged with both stocks hitting highs (Citigroup closed at an all-time high, GE at a 52-week high). The Nasdaq and S&P 500 also faced selling pressure, closing down 22 and 5 points, respectively.
An early rally lost steam on Wall Street as all of the major indexes closed lower, weighed down by energy and technology stocks.
Even with Christmas coming up--there's no holiday from big name earnings reports. Oracle is set to release their earnings after the bell today. Robert Schwartz is an analyst at Jefferies & Co. He was on "Squawk Box" with a preview.
U.S. stocks look set to spring higher, as of now, as the year end rally pulls in buyers and takeover activity supports prices. Japanese stocks closed at a seven month high ahead of tomorrow's rate decision by the Bank of Japan. European markets are flat to higher, helped by takeover activity.
Good morning. Our quote of the day comes from poet Emily Dickinson: "Forever is composed of nows." And now seems to be the time for more mergers (it is Monday after all). Some $80 billion in deals are reportedly on the table. We'll have all the details--including the Harrah's offer from Texas Pacific and Apollo.
This coming Monday will leave us just one week to go before Christmas--but there's still plenty of shopping ahead. CNBC-TV will be covering the retail sales picture for this last week. Britt Beemer is Chairman of America's Research Group and he'll be a guest on "Squawk Box" --and give a detailed analysis of the shopping scene....
Red Hat started trading on the New York Stock Exchange today, after seven years on the Nasdaq. President and CEO Matthew Szulik was on the floor of the Big Board talking to Mark Haines and Erin Burnett on “Squawk on the Street.” He seemed confident in his company despite Oracle’s move six weeks ago into the open-source software space...
Oracle boosted its offer for India's i-flex solutions by 42%, with the aim to buy an additional 35% of the banking software provider for $1.3 billion.
Stocks closed modestly lower as investors took a pause ahead of Friday's key employment report.