Some of the names on the move ahead of the open.» Read More
WASHINGTON, Oct 22- The Republican chairman of a key congressional oversight committee has asked Google, Microsoft and three other U.S. companies to provide details on their possible involvement in a "tech surge" aimed at fixing a website implementing President Barack Obama's signature healthcare law.
NEW YORK, Oct 22- T-Mobile US plans to offer free data downloads of up to 200 megabytes per month to customers who buy the latest Apple Inc iPad, as the No. 4 US mobile service tries to lure cost-conscious customers away from its bigger rivals.
Oct 22- Juniper Networks Inc reported a nearly six-fold rise in quarterly profit due to a rebound in demand for network equipment from telecom service providers. Net income rose to $99 million, or 19 cents per share, in the third quarter, from $17 million, or 3 cents per share, a year earlier.
Oct 22- U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that keeps track of economic activity for the $725 billion equipment finance sector, said credit approvals totaled 77.3 percent in September, down from 79.1 the previous month.
USA Today reports Verizon has been asked by the government to improve the HealthCare.gov site, which is a key component of the Affordable Care Act.
Oct 21- Tellabs Inc, which helps telecommunications carriers manage traffic on their networks, said it agreed to be bought by private equity firm Marlin Equity Partners for $891 million as it struggles against nimbler rivals and a shrinking customer base.
NEW YORK, Oct 18- Japan's SoftBank Corp said on Friday it had agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.
The U.S. stock market broadly celebrated an agreement in the U.S. Congress that ended a 16- day partial closure of federal agencies and budget impasse but was then socked by earnings from market bellwether IBM.
A handful of quarterly reports really wowed Cramer. Of course there were some he didn’t care for at all.
*IBM falls on weak revenue, subtracts 76 points from Dow average. NEW YORK, Oct 17- The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a U.S. default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow.
Stocks staged an impressive recovery Thursday, with the S&P 500 setting a fresh all-time high and the Dow erasing a triple-digit loss to poke into positive territory in the final minutes of trading.
U.S. Treasury bonds gained on Thursday, after the Senate announced a last minute deal to avoid default.
*IBM, eBay earnings drag down tech. NEW YORK, Oct 17- U.S. stocks neared record highs on Thursday as investors regained confidence in the market following a last-minute deal to avoid a U.S. default, but weakness in IBM pulled the Dow lower.
*IBM, eBay earnings drag tech sector. *Goldman Sachs falls after earnings. NEW YORK, Oct 17- U.S. stocks rose on Thursday as investors assessed the ramifications of an agreement by lawmakers in Washington to raise the U.S. debt ceiling and end the partial shutdown of the government, but a decline in IBM pulled the Dow lower.
*IBM, eBay earnings drag tech sector. NEW YORK, Oct 17- U.S. stocks edged higher on Thursday as investors weighed the impact of an agreement by lawmakers in Washington to reopen the federal government and raise the U.S. debt ceiling, but disappointing earnings from IBM weighed on the Dow.
*IBM, eBay among biggest decliners after results. NEW YORK, Oct 17- U.S. stocks fell on Thursday as investors shifted their focus to earnings of heavyweight companies such as IBM, in the wake of an agreement by lawmakers in Washington to reopen the federal government and raise the debt ceiling.
CNBC's David Faber reports shares of Verizon Wireless are higher after beating earnings estimates.
*IBM shares slump after third-quarter revenue misses. NEW YORK, Oct 17- Wall Street was set for a lower open on Thursday as investors turned their focus to the earnings of heavyweight companies such as IBM, in the wake of agreement by lawmakers in Washington to reopen the federal government and raise the debt ceiling.
U.S. stock index futures declined Thursday, following recent sharp gains, on the heels of a deal agreement in Washington to reopen the government and raise the debt ceiling in order to avoid a debt default.
*Goldman Sachs profit falls as trading revenue drops. *Verizon Q3 earnings, revenue beat Wall St estimates. NEW YORK, Oct 17- U.S. stock index futures fell Thursday as investors digested a deal agreed by lawmakers in Washington a day earlier to reopen the federal government and raise the debt ceiling in order to avoid a debt default.