Hewlett-Packard delivered higher-than expected earnings and revenue after the bell on Monday. But, HP's weak 2012 earnings forecast underscores that the technology giant is heading into a challenging year.
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For years, short-sellers have crawled all over Netflix, convinced the company’s shares were overvalued versus its expected growth path. And for years, they closed their short positions and went home with plenty of pain and no profits. That they would eventually be proved right in some measure certainly seemed plausible.
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Wealth Funds May Invest if Europe Finds Debt Solution: China Fund Exec
Posted By: Gennine Kelly
If the European Union works out a "credible, convincing debt program," sovereign wealth funds may see it as an opportunity to invest, Jin Liqun, chairman of the board of supervisors for China Investment Corporation, told CNBC Friday.
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Economist Nouriel Roubini's Firm Is For Sale
Posted By: David Faber
Roubini Global Economics, the economics research firm begun by noted economist Nouriel Roubini, is for sale, according to sources who have been approached by an investment bank conducting an auction for the firm.
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Outcome of Euro Zone Crisis Still Impossible to Predict
Posted By: David Faber
Despite the significant cerebral power of those in attendance at the Barefoot Economic Summit, even if one adheres to a likely scenario of events, the outcome of euro zone debt crisis is still impossible to predict.
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Energy Sector Has Undergone 'Tectonic Change': CEO
Posted By: Gennine Kelly
The energy industry has undergone a “tectonic change,” shifting from a focus on conventional reservoirs to focusing on unconventional reservoirs, Will VanLoh, president and CEO of Quantum Energy Partners, told CNBC Wednesday.
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Netflix's Self-Inflicted Wound
Posted By: David Faber
For years, short-sellers have crawled all over Netflix, convinced the company’s shares were overvalued versus its expected growth path. And for years, they closed their short positions and went home with plenty of pain and no profits. That they would eventually be proved right in some measure certainly seemed plausible.
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Why BofA Is Exiting HCA Stake
Posted By: David Faber
Bank of America is selling roughly $1.5 billion worth of stock in hospital operator HCA Holdings to the company.
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Yahoo Hires UBS, Allen to Navigate Tough Times
Posted By: David Faber
Yahoo has hired UBS and Allen and Co. to help it navigate a period in which it is dealing with an activist shareholder and trying to determine ways it can enhance value, according to people close to the company. While the investment banks have not been hired to try and find buyers for the company, they will also help the board navigate any offers, should any arise.
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Bartz Ouster From Yahoo Comes with a Bad Quarter
Posted By: David Faber
The firing of Carol Bartz is sure to bring a spate of speculation involving the sale of Yahoo. But while such rumors have already started, one thing seems certain: Yahoo is not having a good quarter.
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Euphoria Over Buffett's $5 Billion BofA Investment Subsides
Posted By: David Faber
The euphoria that greeted Warren Buffett’s $5 billion investment in Bank of America Thursday has subsided as this day has worn on, but the boost in confidence brought on by having the world’s best known investor step into the weakest of the U.S. big banks is still being felt, if only modestly.
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