Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
While investors breathlessly await the company’s first earnings report since its IPO, Facebook Inc. (NASDAQ: FB) is believed to be prepping a run at the smartphone market. A report from Bloomberg News…
The USDA reports that drought has made a large increase in food prices likely. (Reuters) The government of Changsha in China launches a $130 billion stimulus program. (Reuters) Hackers have effectively attacked…
Apple (NASDAQ: AAPL) blames poor earnings on slow sales in anticipation of the iPhone 5 and a sluggish economy. (Reuters) The Federal Reserve searches for new ways to help the sagging economy.…
A two-year investigation into a European Union antitrust complaint against search giant Google Inc. (NASDAQ: GOOG) will apparently end with a settlement, not a protracted legal proceeding. That’s the report, at least,…
For the first time ever, US consumer electronics purchases are expected to top $200 billion in 2012 according to the latest forecast from the US Consumer Electronics Association (CEA). The group is…
Apple Inc. (NASDAQ: AAPL) is set to report earnings after the close on Tuesday. With a great sell-through in iPads but a weaker iPhone demand ahead of the upcoming iPhone 5, everyone…
Baidu (NASDAQ: BIDU) is up more than 10% in morning trading following yesterday’s better-than-expected second-quarter results. China’s Internet search leader reported its quarterly earnings jumped 72% from a year ago to $1.24.…
The European Commission this morning gave its approval to the $5 billion acquisition of NDS Group Ltd. by Cisco Systems Inc. (NASDAQ: CSCO). The deal was announced in March. NDS, formerly owned…
Research firm Comscore (NASDAQ: SCOR) released its top 50 websites, based on unique visitors, for the month of June. The data offered few surprises, except for the rise of Twitter, which now has…
Moody’s this morning cut its rating on long-term senior unsecured debt from Nokia Corp. (NYSE: NOK) from Ba1 to Ba3. Short-term unsecured ratings of Not-Prime (NP) were affirmed and the ratings outlook…
The three major US stock indexes opened lower this morning after Spanish bond yields rose above 7% again and the country’s Valencia region asked for central government assistance in paying its debts.…
Microsoft (NASDAQ: MSFT) can actually claim to have beaten the operating platforms of Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) in at least one respect. Technology research firm Strategy Analytics estimates that Nokia, which operates on Microsoft’s…
The pay package of new Yahoo! (NASDAQ: YHOO) CEO Marissa Mayer has been pegged at between $59 million and $100 million, depending on what assumptions about bonuses and stock options get used.…
Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters) Marissa Mayer will receive as much as $70 million to head Yahoo! (NASDAQ: YHOO). (Reuters) Banks hit by the Libor investigation may…
