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
Hours away now from the Microsoft imposed deadline for Yahoo to negotiate or die. Too dramatic? Not really when you're talking about $40 billion hanging in the balance as well as the future dominance of all things digital.
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts. Oil topped $119 a barrel.
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts.
Microsoft is considering launching a hostile bid for Yahoo as early next week if Yahoo does not begin talks soon, Chief Financial Officer Chris Liddell said on Thursday.
Microsoft follows Apple's lead -- when have you heard that before? -- reporting a good, but not good enough, quarter. And investors are taking profits off the table. Microsoft did beat Street expectations on the bottom line. ... So where was the weakness? That's the issue...
American Express said its net income fell 6 percent but earnings beat expectations and revenue increased amid higher card-member spending.
Microsoft reported a rise in earnings that beat expectations, but the company's shares declined by more than 5 percent as its outlook disappointed investors.
The last couple of quarters have been remarkably strong for Microsoft, and there's every indication that the company will post an equally strong third quarter earnings report after the bell on Thursday. ... Expect some good theater.
Let me just say from the very outset: any other publicly traded company would kill for growth like this, products like these, customers like those who can't seem to snap up Apple gear fast enough. But Apple is hardly just "any other publicly traded company," and, like it or not, the company is different -- so investors "think different" when it comes to Apple.
Microsoft is prepared to walk away from its $43.6 billion bid for Yahoo if the two sides can't agree on a price, Chief Executive Steve Ballmer said Wednesday.
Amazon shares started last quarter right at $100 a share, and since then, it's been all downhill from there. Frustrated investors will be looking for guidance from the company later today that the slide is over, and that the company is poised for a strong, back half of 2008. But that's a tall order for Amazon's executives.
More than a quarter of US employers expect more of their high-skill positions to be shipped overseas.
Hours away from Apple's earnings, as you might expect, investors are a little nervous -- with a stock going from $119 to just short of $170, and then back to $160 in a matter of weeks. Some of you have written in with your thoughts ahead of earnings. Here's a sampling...
Looking at Yahoo's first quarter earnings, you gotta wonder why this company can report so strongly, and what magic bullet it employed during the quarter that apparently eluded management over the past two years.
Normally, I'll put together a formal earnings preview the day the company is set to announce, but in the case of Apple, there has been so much interest so far ahead of these numbers that I thought I'd do it today instead, and run some of your emails about all this tomorrow.
There's about $41 billion in chips on the table, all the cards have been dealt in the Yahoo vs. Microsoft poker match -- and today is the day Microsoft and investors get to "call." (Google and News Corp. look on...)
Rising food and energy prices took a toll on the bottom line of Associated British Foods -- the owner of retailer Primark -- the company said on Tuesday.
Whisper numbers are a weird animal on Wall Street, especially when you're talking high profile earnings reports like Google, Apple, Yahoo, Microsoft, Intel and so many others.
Texas Instruments is playing a strange game of financial limbo as the company prepares to report its first quarter earnings later today. On the one hand, significantly lower expectations, thanks to TI's own guidance warning last month, could help the company breeze under the bar.
ComScore's wildly off-the-mark prediction on Google's first quarter click growth shows how difficult measuring Web traffic can be.
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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.