Stocks opened lower Monday as Friday's euphoria cooled with investors realizing that financial woes could go on for quite some time and a fresh wave of new developments emerged.
Minutes after Microsoft's news to launch another $40 billion stock buyback and raise its dividend by 18 percent, Hewlett-Packard and Nike both announced major new buybacks of their own. And all of this may serve as a clarion call to other cash rich tech companies to start sharing their wealth.
With this morning's rally, this is quickly shaping up as the week that wasn't for so many battered and bruised technology companies, and whiplashed investors are learning some important lessons:
If you’re looking to trade during this mess you'll want to get far away from Wall Street. But how far?
It's not often that a company like Palm enjoys "bellwether" status, but such is the unusual result of these crazy times on Wall Street where investors are breathlessly searching for any kind of sign post they can find.
Research in Motion Ltd. will add new carriers in fast-growing emerging markets, and does not yet see an adverse impact from a widening global financial crisis, its co-chief executive said on Thursday.
Google will hardly be a me-too vendor. I'm sure the new HTC "Dream" phone will be feature-rich. But how it looks and how it feels might eclipse what it does since there are so many other options out there for consumers right now.
Cramer makes the call on viewers' favorite stocks.
T-Mobile plans to show off the first wireless phone powered by Google Inc.'s much-anticipated Android software system at a Sept. 23 news conference.
This has been a crazy week on the markets, and it's still only Tuesday morning out here in Silicon Valley. But look no further than the stalwarts in the PC business, like Apple, Hewlett-Packard and Dell to see a new kind of volatility index.
Don't believe the hype – this rally was real. Here's why.
Following are the day’s biggest winners and losers. Find out why shares of Long's and Panera popped while Tesoro and US Steel dropped.
The decline of Lehman Bros. and Merrill Lynch is rippling outward and the technology sector is being rattled. Large-cap tech stocks took a hit on the open -- though some have regained their footing.
If Electronic Art's unsolicited bid for Take-Two Interactive sounds a lot like Microsoft's unsolicited play for Yahoo — complete with both EA and Microsoft ultimately walking away — think again.
Avoid Wall Street. It’s a mess. For an easier ride you might want to consider Main Street.
Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.
For the week ending Friday, September 2, 2008, the major U.S. Indices finished up for a week marked with the demise of more financial stocks, sluggish Retail Sales data, a steeper than expected decline in Pending Home Sales, and a looming hurricane in the Gulf of Mexico. Volatility continues to dominate the markets as the Dow posted a 2 day consecutive up/down point move of 569 points on Monday and Tuesday (up 289 and then down 280), its largest 2-day up/down point swing since June 6. The CBOE Volatility Index (VIX) which measures market uncertainty reached an intraday high of 26.67 on Friday.
The background is this: Balsillie has been Jonesing for an NHL team for the past several years. He looked close to getting a deal done for the financially strapped Pittsburgh Penguins. When that didn't work out, he started to focus on the Nashville Predators.
Today marks the seventh year since the September 11 terrorist attacks—the Nymex and the White House obeserve a moment of silence to remember when the first plane hit the World Trade Center. Research in Motion's CEO talks about the company's new Blackberry—Bold. Following are today's top videos:
Stocks slid into home plate with a late rally that bumped the Dow up nearly 170 points as oil flirted with $100 a barrel and the market was abuzz with speculation that a resolution for Lehman Brothers could happen within days.