Social game network Zynga is about to be valued at $7 billion as it raises more capital. Groupon was recently valued at $6 billion, and Facebook at $50 billion. These businesses will…
Leave it to Apple Inc. (NASDAQ: AAPL) to grab a headline on the same day that Nokia Corp. (NYSE: NOK) reveals a tie-up with Microsoft Corp. (NASDAQ: MSFT). Bloomberg cites “people who…
Updated throughout the day. Apple (NASDAQ: AAPL) is at work on a smaller version of the iPhone (WSJ) Facebook is considering a $1 billion sale of shares by employees (WSJ) Google (NASDAQ:…
NokiaMicrosoft (NASDAQ: MSFT) won a huge victory today. Struggling handset company Nokia (NYSE: NOK), which is still the global leader in its industry, will use Redmond’s mobile OS in its smartphones. Nokia…
The short sellers have reversed their trend of the mass exodus in short selling. What is interesting is that some companies are seeing a record low in the short interest while others…
Updated throughout the day Facebook and Google (NASDAQ: GOOG) have both considered buying Twitter which probably has a value of close to $8 billion (WSJ) Blackrock and other investment firms are concerned…
Douglas A. McIntyre Anyone who enters one of the 77 high-end supermarkets owned by Wegmans Food Markets Inc. throughout the Northeast or clicks on the website of the Rochester, NY-based company quickly learns that it…
Bernanke warned that sharp budget cuts could derail the recovery. (Reuters) The Hong Kong exchange said it was open to mergers after marriages began between North American and European exchanges. (Reuters) Facebook…
NokiaNokia Corp. (NYSE: NOK) CEO Stephen Elop is scheduled this Friday to announce a plan to turn the Finnish phone giant around. An internal memo from Elop has hit the street, and…
Updated throughout the day. Apple (NASDAQ: AAPL) has begun to build the next generation iPad (WSJ) Arcos Dorados, the world’s largest McDonald’s (NYSE: MCD) franchisee will file for an IPO (FT) Google…
The SEC will try to make market traders less reliant on ratings agencies. (Reuters) GM (NYSE: GM) will set up a profit-sharing plan for workers. (WSJ) S&P warned Japan on its credit…
Apple Inc. (NASDAQ: AAPL) is seeing yet one more analyst upgrade ahead of Thursday’s launch of the iPhone with Verizon Communications Inc. (NYSE: VZ). The move is eliminating the AT&T Inc. (NYSE:…
Media reports questioning whether the United States will keep its “Triple-A Rating” in the future are frequent. The fear of endless budget deficit spending and quantitative easing have only added fuel to…
Data released by comScore about mobile phone sales in December showed that trends from earlier in the year continued. Sales of Samsung handsets bested all of its rivals in the US with…
The joint venture between Sony Corp. (NYSE: SNE) and L.M. Ericsson Telephone Co. (NASDAQ: ERIC), aptly called Sony Ericcson, tantalized gamers with a commercial during yesterday’s Super Bowl for a device everyone’s…
