The latest entrant into technology's billion-dollar club got there by mistake.» Read More
GM's shares have plummeted to less than $12, the lowest level since 1955. That means the world's largest auto maker has a stock market value of only about $7 billion.
When it comes to Yahoo and its stock, yesterday was a fast and furious kind of day, and while whip lashed traders lick their wounds and wonder what happens next, the action serves as an important lesson for investors. And not just investors in Yahoo and Microsoft.
Stocks ended lower as a midday rally fizzled by the closing bell. Financials held onto modest gains.
Shares of Yahoo jumped on a report that Microsoft is back in talks to buy the company, though sources have told CNBC that no deal is in the offing.
Nearly 1.6 billion shares and $22 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Seems that last post about Oxford University Prof. Jonathan Zittrain and his worry about Apple's iPhone -- as well as other technology derailing our creativity -- struck a bit of a nerve. Several of you have written in, deriding his claims, calling him a Luddite, and more importantly, calling into question the basis on which he forms his opinions.
The growing advertising ambitions of technology powerhouses like Google and Microsoft are creating alarm in the executive suites of ad agencies.
Close, but no cigar, at least not yet when it comes to Google's mobile operating system platform code-named Android, at least according to the folks at The Wall Street Journal.
For the week ending Friday, June 20, 2008, the markets dropped on disappointing earnings results from the financial sector, and a continued spike in crude oil prices added to investors' concerns over inflation. The Dow closed below 12000 on Friday for the first time since Mid-March.
The Dow closed sharply lower Friday, registering its third triple-digit loss in four sessions. What's the "Word on the Street?"
Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.
Shares of Yahoo fell about 3 percent on Friday as reports of a brain drain raised fresh worries about the future of the Web company after it chose to partner with Google instead of Microsoft.
Microsoft sought on Friday to enlist support for its opposition to a new advertising collaboration deal between Google and Yahoo, two sources familiar with the matter told Reuters.
Corporate raider Carl Icahn has had much to say about Yahoo's internal machinations and its refusal to submit to the hostile overtures of Microsoft. He's had much to say about the company's planned partnership with Google, which surprisingly, seemed a little more positive than many experts had anticipated.
An investor with a minority stake in Yahoo on Thursday urged Microsoft to take its most recent proposal for a partial investment directly to Yahoo shareholders and prove its merits.
Wall Street can be a fickle place, and as investors wonder where they ought to park their money while they ride out the economic volatility gripping the country right now, they may want to harken back to some oldies but goodies: Apple Inc., Google, Research in Motion and Amazon.
Nearly 1.5 billion shares and $23 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Yahoo and Google face intense U.S. Justice Department scrutiny of their deal to share some advertising revenue, and the heat will likely increase under a new administration.
Yahoo may not be in a celebratory mood, but if it feels like pulling out a cake and cupcakes, today would be a good day for it: Jerry Yang's one-year anniversary as Yahoo's CEO.
Yahoo investors are showing more interest in an alternate board slate proposed by billionaire Carl Icahn that was first formed to deliver the company to Microsoft in a now-defunct buyout.