Microsoft Corp. (NASDAQ: MSFT) today announced the release of its official preview version of Windows Office 365. Like competitor Google Inc. (NASDAQ: GOOG) with Google Apps, Office 365 is cloud- and subscriber-based.…
NBC News, a division of Comcast Corp. (NASDAQ: CMCSA), has acquired total ownership of the company’s jointly owned MSNBC.com website from Microsoft Corp. (NASDAQ: MSFT). Microsoft and NBC, formerly owned by General…
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters)…
NokiaNokia (NYSE: NOK) has cut the price of its flagship Lumia 900 in half to $49.99. The smartphone is available, among other places at AT&T’s (NYSE: T) as a “web only” special. The…
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
Friday has been a stellar day based upon reaction to the major bank earnings reports and due to reports that China’s GDP maintained a growth rate of 7.6%. What is amazing is…
Research firm NPD reported that video game sales fell 29% in June to $699.8 million. Hardware sales dropped 45% year-over-year. This was despite the release of the new Nintendo 3DS. “The 3DS…
The new Yahoo! (NASDAQ: YHOO) board is different from the one that turned down a rich buyout offer from Microsoft (NASDAQ: MSFT), different from the one that hired Carol Bartz as CEO,…
Douglas A. McIntyre Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So…
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ:…
Intel Corporation (NASDAQ: INTC) is due to report earnings next week and the trend of earnings has been nothing short of extremely disappointing from technology companies. We outlined all of the big…
Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPR S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets…
By now investors have had time to digest the notion that technology company sales and earnings are just not going to live up to prior expectations in most cases. Investors are learning that…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Alcoa Inc. (NYSE: AA) Cut to Underperform at BMO Capital Markets. Alkermes,…
