Sector: Internet

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter.

Yahoo is joining the battle to redefine Internet search and taking aim at building a better Web browser, too.

(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in.

A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:

A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:

A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:

Shares of some top internet companies were up at the close of trading:

The nation's largest public pension fund says it plans to vote against nine members of Wal-Mart's board at next week's shareholders' meeting amid allegations of a $24 million bribery scheme in the company's Mexican operations.

(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in.

(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in and boosted its market share.

(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in and boosted its market share.

Word of mouth is the most powerful way to market any business. In fact, many studies have shown that consumers are more likely to make purchase decisions based on recommendations from people they know than from a brand’s marketing materials. And this is precisely what makes Facebook such a powerful marketing tool.

Target Corp. said Wednesday that shoppers can now use the shopkick smartphone application to earn points in stores that can be redeemed for rewards.

(Reuters) - Brokerage Needham & Co started coverage on Facebook Inc with a "buy" rating, a rare positive take on the shares of the social network after they lost nearly a fifth of their value since the company's stock started trading last Friday.

(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, according to people with direct knowledge of the matter.