The premium cable channel is drawing viewers thanks to a Kazakh knockout artist who may become the next hero of boxing.» Read More
Back in 1957, Disneyland opened up a Jetsons-esque "Home of the Future" featuring all sorts of far-out gadgets like microwaves (!) and giant TVs (!). Some of them became realities in every American home. Others, like the floating furniture, well... Now, Disney is taking a whole new approach to the idea. I got a sneak peak at Disneyland's "Innoventions Dream Home," which opens in Tomorrowland on June 16.
A funny thing has been happening to Google lately. Have you noticed? It's going up! And I'm not talking about the one-day pop it got from those surprisingly good earnings. I'm talking about the day to day creep-up, the steady momentum. The parallels to Apple are pretty striking.
Stocks declined as soaring oil prices triggered concerns about inflation and consumer spending.
On Monday, the first day of our on-air coverage following the collapse of the Microsoft/Yahoo negotiations, we were rife with speculation about what, if anything, Microsoft might do next. We talked about every possibility: News Corp. and Microsoft blending their online businesses with Microsoft relying heavily on the MySpace property;
Stocks performed a dizzying dance, sliding at the open, improving with economic reports and then doing a do-si-do with oil prices.
Stocks opened mixed Wednesday after a better-than-expected report on U.S. worker productivity. Oil hovered below $122 a barrel.
Barely two hours into trading and Yahoo shares were on the decline in a big way, off about $4.50 a share, or almost 20 percent; while Microsoft shares are on the increase. Both stocks are well off their lows and highs of the morning, however, as investors try to figure out what they'll both do next. If anything. They will do something. But what?
Yahoo's shares tumbled after Microsoft withdrew its $47.5 billion takeover offer, wiping out about $7.6 billion in market value and piling pressure on its leadership, especially CEO Jerry Wang.
The video gaming industry is more complicated than it might appear from the outside. Know these things before jumping in.
Now that Microsoft has withdrawn it's bid, the pressure is on Yahoo to prove it can revive its languishing stock price.
A chronology of events leading to Microsoft's decision to abandon its offer for Web search and advertising competitor Yahoo:
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole," said Microsoft CEO Steve Ballmer.
A flood of numbers from both government and industry confronted investors through the week, making for some choppy trading and a lot of educated guesses from analysts, fund managers, and investors.
Microsoft, hoping to salvage a takeover of Yahoo, has reluctantly agreed to boost its offer to about $33 a share in cash and stock from $31, though Yahoo is holding out for $37, sources have told CNBC.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
"Iron Man" from Marvel and Paramount opens today, kicking off the summer movie season. With the box office expected to top $85 million opening weekend, Hollywood's pretty excited, and for good reason. The economic downturn is squeezing consumer spending, but there's one corner of the consumer pocketbook that'll emerge unscathed from the "r" word.
Stocks finished slightly lower Wednesday as another rate cut and no indication from the Federal Reserve that it plans to stop anytime soon killed an earlier rally.
Today in Time Warner's post-earnings conference call CEO Jeff Bewkes announced some interesting news about the company's new strategy about distributing home video. Warner Bros. will offer its DVD film titles on video-on-demand the same day they release the DVDs--what they call a "day and date" release in Hollywood.
Stocks advanced Wednesday after a slightly better-than-expected report on economic growth. General Motors shares jumped after the auto maker posted a smaller-than-expected loss.
Wall Street has been waiting for news on how Time Warner CEO Jeff Bewkes is going to shake up the company. Today investors didn't get too many details, but they did get affirmation that he's moving forward with the plan.