Facebook dispelled fears Tuesday that its mobile advertising business was failing.
Intel made its fortune on the chips that power personal computers, and Microsoft on the software that goes inside. Google’s secret sauce is that it finds what you are looking for on the Internet. But the ground is shifting beneath these tech titans because of a major force: the rise of mobile devices. The New York Times reports.
Yahoo shares rose after hours on better-than-expected results—earnings of 35 cents per share on revenue of $1.09 billion. But far more interesting than those numbers were Marissa Mayer’s comments in her first earnings call since taking the helm of the company three months ago. She came out of the gate strong, saying “this job is tailor made for me. The core components of Yahoo’s business—search, mail, ads, mobile, news and the homepage—are also the core I built my career upon.” Mayer said her goal is to “help redefine one of the Internet’s most beloved companies,” and went into some detail about how she plans to do that.
CNBC's Phil LeBeau reports from the Paris Air Show and discusses Airbus, which is expected to announce new orders this week, and Boeing's new aircraft.
Monday, 17 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
Monday, 17 Jun 2013 | 8:20 PM ETHans Timmer, Director of the Development Prospects Group at the World Bank says his main concern with China is the country's vast shadow banking system.