Jim Cramer broke down what he thinks is the real story behind the Verizon and Yahoo deal. » Read More
NEW YORK— The latest on developments in global financial markets:. Stocks are closing mostly higher as investors work through an uneven batch of corporate earnings. Facebook added 1 percent Thursday after the social media company reported earnings that easily surpassed analysts' estimates.
NEW YORK— Comcast's second-quarter profit slipped because of fewer movie hits from its NBCUniversal film-and-TV arm, but it posted big gains in internet customers and its smallest video losses for a second quarter in at least a decade. While the number of traditional TV customers overall have been slipping— down about 2 million customers over the past three...
NEW YORK— Verizon Communications said Tuesday that a strike by 40,000 employees hurt its results in the second quarter, and the company's revenue fell short of analyst projections. Verizon said its net income after paying dividends on preferred stock fell to $702 million, or 17 cents per share. Analysts expected Verizon to report earnings of 93 cents per share...
While AOL chief Tim Armstrong has been a key part of Verizon's Yahoo pursuit, the driving force on the Verizon side is his boss.
SAN FRANCISCO— Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. "We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo's full potential," Armstrong said in a printed statement. Most analysts expect the deal to end the four-year reign of Yahoo's Mayer, who...
Some of the names on the move ahead of the open.
Check out the companies making headlines after the bell Thursday:
DALLAS _ AT&T Inc. on Thursday reported second-quarter net income of $3.41 billion. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 72 cents per share. AT&T shares have climbed 23 percent since the beginning of the year, while the Standard& Poor's 500 index has risen nearly 6 percent.
Jefferies put T-Mobile on its franchise pick list because it is due for strong revenue growth and subscriber gains this year.
U.S. stock index futures indicated a higher open Thursday as traders eyed a raft of both earnings and data.
The "Fast Money" traders give their thoughts on the "old tech" space in the light of Intel's earnings release.
Oppenheimer just downgraded Verizon to perform from outperform.
Big implied moves for Microsoft, Qualcomm and AT&T could represent a massive market-cap shift for the S&P 500 this week.
"Fast Money" trader Dan Nathan looks at the options market for implied earnings moves.
SAN FRANCISCO— Yahoo's latest earnings report leaves no doubt the internet company is stuck in a downward spiral. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 percent from a year earlier, while its loss widened to $440 million. Yahoo also reported Monday that it's writing down $482 million in charges related to the...
Boxing is returning to the Dallas Cowboys' AT&T Stadium with a championship bout, according to Cowboys owner Jerry Jones.
Most of the cyberattacks will come this week from nation-states or protesters, the official charged with protecting the network says.
The internet giant will make its final decision following several rounds of bidding.
The "Fast Money" traders pick whether they'd rather own a company's stock or bond for the next 30 years.
CNBC's Dominic Chu reports on where to find buying opportunities as bond yields are near record lows.