RIO DE JANEIRO— A Brazilian judge has issued a temporary restraining order against recently approved legislation that banned the use of smartphone-based ride-hailing-apps like Uber in Rio de Janeiro, the country's second largest city. A statement posted on the Rio de Janeiro State Judiciary Department's website said the order was signed Thursday by Judge...» Read More
Palm released its second-quarter earnings and the news looks to be as dire as investors had feared. ... The disappointing news is somewhat surprising since it was just a couple of weeks ago that Palm revised its own guidance lower. It would appear these numbers today miss even Palm's own internal guidance.
NetSuite, a software maker majority-owned by Oracle Chief Executive Larry Ellison, Tuesday raised the proceeds it expects from its initial public offering, which is due later this week.
Oracle Corp. will release its second quarter earnings on Wednesday and there's a healthy amount of optimism swirling around these shares. But the stock really hasn't reacted much leading some analysts to wonder whether the company is poised for some kind of break-out, even though CEO Larry Ellison's massive selling streak, started in September, continues.
Shares of Desktop publishing software maker Adobe Systems rose nearly four percent Tuesday after fiscal fourth-quarter results and its forecast for fiscal 2008 both topped Wall Street's expectations
Desktop publishing software maker Adobe Systems said Monday its fiscal fourth-quarter profit and sales rose to beat Wall Street's expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
Software maker CA said on Monday it expects to report fiscal-year 2008 profit before items of $1.06 to $1.10 per share.
Look at Palm's stock and it's almost as if investors are ready to wash their hands of the downtrodden handset maker. Talk about a fall from grace: this is the company that virtually invented the smart wireless device, and today, courtesy of siliconalleyinsider, a shocking realization that the company's stock is worth less than its balance sheet.
Portuguese company Microsoft Lda. plans to put its brand name and business up for sale on online auction site eBay on Wednesday with a starting price of $1 million, its chief executive, Ricardo Carvalho, said on Monday.
With Apple Inc. touching a new, all-time high today on its way to $200 a share, and Hewlett-Packard raising estimates for 2008, there's word that troubles in Hollywood could mean big-time opportunity in Silicon Valley.
I was talking to one of our assistant managing editors today and asked him a question: how much is Oprah worth? His response? "I don't keep that data top of mind; I'll have to Google it." A few clicks of the keys and there it was. It's almost as if we've off-loaded a bunch of material we used to keep in our heads, and now we store it on the web, using Google as a way to keep all that data handy.
As part of CNBC's Outlook '08 coverage, here are my eight predictions in technology for 2008. At the end of next year, we'll look back on how well I did: just don't hold my feet to the fire too closely!! Before going forward, here's a quick look back. Tech set the tone for 2007 and became a safe-haven of sorts for so many investors fleeing the financial meltdown on Wall Street and Main Street.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
Head on over to West 14th and 9th Ave. in New York's meat-packing district, and you'll see something big and bright from the fruits and veggies set: A 3-story retail bonanza courtesy of Apple Inc. It's the company's second largest store in the nation, behind its flagship store here in nearby San Francisco.
A very good source of mine with good connections to Apple's Asian manufacturing partners called me this morning with some news: Seems like Apple will be making headlines in the next few weeks and months with some of its hottest products: the iPod Touch, the iPhone and a new ultra-portable laptop.
NetSuite, a business software maker majority-owned by Oracle Chief Executive Larry Ellison, said on Wednesday that it planned to raise up to $99 million in its initial public offering.
Dell is giving its investors a long-overdue gift in the form of a $10 billion stock buyback authorized by the company's board this morning. That should mitigate some of what could be contentious comments at the company's shareholder meeting later today. Or should it?
Vivendi strikes a deal to combine its interactive gaming business with video game publisher Activision to form a new company called Activision Blizzard.
The game console war enjoyed a robust battle on Black Friday and we're getting indications now of new momentum for Sony's flagging PlayStation franchise, and continued mega-sales for Nintendo's Wii. Hard data from Sony indicates a strong week for its platform. The company reports that PlayStation 3 hardware sales jumped 245 percent compared to Black Friday sales a year ago.
Dell said it will sell Google search devices to help companies find information on their networks.
Thought you might find this interesting. It's from the FCC and as it says, it's the official statement from Chairman Kevin J. Martin on Verizon's open network plans: CHAIRMAN MARTIN’S STATEMENT ON VERizon Wireless’S PLANS TO INTRODUCE AN “ANY APPS, ANY DEVICE” OPTION FOR CONSUMERS IN 2008.
Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.