The "Fast Money" traders share their final trades of the day.» Read More
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
Business software maker Oracle on Monday asked a U.S. court to make SAP preserve evidence on its computers, saying it was concerned its German rival might destroy electronic information at the heart of a corporate theft lawsuit.
A money manager told CNBC that stock buybacks, private equity and M&A activity will continue to drive the market, particularly for tech stocks. Noah Blackstein, portfolio manager at Dynamic Mutual Funds, said business software giant Oracle's multibillion dollar buyouts of PeopleSoft, Siebel Systems, and most recently Hyperion Solutions, have led to a shortage of publicly traded software stocks.
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
Cramer admits he can be a bit negative at times. So when he read some recent reports about the competition that Salesforce.com can expect from Microsoft and Oracle, he didn’t hesitate to voice his concerns. But on today’s show, Salesforce.com’s Chairman and CEO Marc Benioff got a chance to tell his side of the story. 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.
President George W. Bush visited the storied border town of Yuma, Ariz. Monday to build support for his immigration-reform policies -- proposals that not only affect illegal aliens and blue-collar workers, but also affect the higher end of the educational and economic spectrum. Ron Hira, Public Policy Professor at Rochester Institute of Technology, and Robert Hoffman, vice president for Congressional & Legislative Affairs at Oracle, joined "Power Lunch" to debate expanding H1-B visas for highly trained foreign nationals.
0%: That's what the European Union's Commission thinks Microsoft deserves for licensing its vital communications code -- a stance that would enable Microsoft rivals to manufacture software compatible with its dominant Windows operating system. CNBC's Jim Goldman reported on the latest chapter in the seemingly never-ending antitrust saga.
We got an email that may be of interest to all when it comes to stock picking. It deals with the age old question, whether you're in this contest or not- just what makes a stock so popular?(wouldn't we all like to know!) Here's the email and our attempt to answer.
Folks, here are some great stats from out contest trackers that I know you will want to have: analysis of the 313 Transactions within the top 20 leading portfolios by dollar value from the close of Thursday, 3/15 through the close of Thursday, 3/28 shows some sector rotation. Whereas in the first run from 3/2 - 3/14, retail stocks were by far the most actively traded..
SAP's head of software products, Shai Agassi, will resign because he was unwilling to wait to become the next chief executive, and sales chief Leo Apotheker was named deputy CEO, the company said on Wednesday.
The chief executive of SAP's TomorrowNow subsidiary, Andrew Nelson, defended the unit's business practices in his first public response to a recent lawsuit from rival Oracle, The Wall Street Journal reported.
Oracle sued SAP, on Thursday for "corporate theft on a grand scale," claiming its business software rival had stolen copyrighted software and other confidential materials.
Wow--did actor Ernie Hudson made a move or what Wednesday in "Trading With The Stars." He's now in 2nd place after making the biggest climb of any celeb trader so far. Ernie moved 5 places after being in 7th just the day before. How did he do it? Seems he sold all he had and is now strictly in cash. Will that strategy hold? Remains to be seen.
Stocks erased nearly all of their losses for the year after investors interpreted comments from the Federal Reserve to mean that an interest rate hike is less likely.The S&P 500 and the Nasdaq turned positive for the year, erasing all of last month's selloff, while Dow Jones Industrials is still down slightly for the year.
Here's our current celebrity standings for "Trading With The Stars," and what they've been up to. Not much difference from Monday, as the top three spots remain the same. But Judy Gold is slipping down a bit. She was in 4th place after Monday's action, but is now in 6th from Tuesday. James Cromwell moves up to 5th from 6th.
The stock market has an appointment with the Fed today and Wall Street is largely non-committal ahead of the open. But some healthy earnings reports are adding positive sentiment.
"We exceeded guidance on every metric with strong revenue growth across all product lines and in all geographies," said Oracle President and Chief Financial Officer Safra Catz. Sales for the quarter came in at $4.41 billion, the software company said.
Oracle posted a quarterly profit and revenue that topped Wall Street forecasts as software license sales from new acquisitions grew, sending the business software maker's shares higher in extended trading.
Housing starts will drive direction today as stocks trend lower ahead of the open. The Fed starts its two-day meeting today, and is largely expected to make no move on rates when it winds up the meeting tomorrow afternoon.