Private Advisor Group's Guy Adami says the market might be running out of steam.» Read More
NBC Universal (parent company is GE which also owns CNBC) and News Corp's joint online video venture doesn't have a name (though in some circles it's referred to as New Site), and it's ostensibly launching in September but there's no specific launch date. But somehow it's worth $1 billion dollars, at least based on a 10% stake reportedly being sold to private equity firm Providence Equity Partners for $100 million.
The experts call the 700Mhz wireless spectrum the last piece of undeveloped beachfront real estate in cyberspace, and Google wants it. "I'll tell you, even at Google you can't make a $4.6 billion commitment without being serious," says Chris Sacca, Google's vice president who's spearheading the company's aggressive lobbying effort of the FCC to make sure its voice is heard in the upcoming auction of wireless spectrum.
Competition between Whole Foods Market and Wild Oats Markets had led to lower profit margins, an economist told a U.S. federal judge Tuesday who is weighing whether to block a merger of the organic grocers.
Chinese Web search company Baidu.com on Wednesday said its quarterly net profit grew 143 percent, reflecting market share gains in the world's second-largest Internet market. Its shares rose 22 percent.
Gideon Yu, 36, became chief financial officer of video-sharing sensation YouTube in September of last year, shortly before the company was acquired by Google in a $1.65 billion deal.
Amazon.com reported earnings of 19 cents a share for its second quarter, better than Wall Street estimates. Analysts forecast that Amazon would report a profit of 16 cents a share on sales of $2.81 billion, according a consensus estimate from Thomson Financial.
Tech earnings for the week are in the books and we now all get to look ahead to Apple Inc.'s earnings next Wednesday. But reading the tea leaves from some of the biggest names reporting this week may signal a pretty good uptick in tech. And despite NASDAQ's declines today, some positive trends are developing that may signal a nice opportunity for investors.
Google reported its second quarter results after markets closed Thursday, posting a 28 percent rise in quarterly profit that fell short of consensus expectations -- despite rapid international growth and market share gains. Eric Schmidt, chief executive of Google, cited a "seasonally slow quarter.”
Windows Vista attracted most of the hype, but Office 2007 was the sleeper hit that bolstered Microsoft fiscal fourth-quarter results, despite a hefty charge to cover the cost of repairing defective video game consoles.
Stocks rebounded in late trading but still finished lower as concern about fallout in the subprime industry put a temporary brake on the Dow's run to 14,000. "Subprime isn't good news, but despite this the market will still rally higher," said Jordan Kotick, global head of technical strategy at Barclays Capital.
Yahoo chief executive Jerry Yang was found wanting on Wednesday by investors who said the company needed to devise a plan to combat weaker advertising growth more quickly than in the 100 days promised by management.
The tech earnings parade continues through today, now that we have Intel and Yahoo in the books. Strange day for tech, Tuesday was. So much optimism about Intel and yet the company disappoints, at least at first glance, with softer margins than expected. But here's another way to look at Intel's numbers which may actually bode well for broader tech the rest of this year.
The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.
Google said Tuesday it is expanding its Print Ads program to allow online advertisers nationwide to place print advertisements in 225 newspapers, serving half of U.S. newspaper readers.
Yahoo on Tuesday posted second-quarter earnings of $0.11 per share -- in line with estimates -- and flat with earnings per share of of $0.11 in the same period a year ago. Revenue for the three months ended in June rose 8% to $1.244 billion, compared with $1.123 billion in the second quarter of last year.
Talk about a tale of two companies: Intel soars, and Yahoo is just plain soar. Both companies report after the bell today and investors are expecting decidedly different tones. For Intel, these are heady times. The simple numbers are 19 cents a share on $8.54 Billion in revenue. But the focus for this company will be on guidance.
Earnings news is helping set the tone as some big positive reports are countering weakness in stocks ahead of inflation data.
Hackers stole information from the U.S. Department of Transportation and several U.S. corporations by seducing employees with fake job-listings on ads and e-mail, a computer security firm said on Monday.
With Internet businesses set to report earnings this week, two analysts joined "Power Lunch" to discuss the likely performance of big names in the sector.
Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.