YahClick: New Internet Services in Africa Brings More Possibilities, Broader Access
August 20 2012 2:37 AM EDT
The Internet opens and connects you to new worlds of possibilities and opportunities anywhere, anytime. In South Africa, the Internet is a make or break in many situations these days with limited access and expensive rates that abounds just to receive the best Internet connection.
Political Ad Spending for Presidential Election To Reach $2.9B
August 15 2012 1:51 PM EDT
Spending on advertising by Republican and Democratic presidential campaigns and Pro-Romney or Pro-Obama Super PACs is expected to reach $2.9 billion, even as national TV ad spending shrinks in the face of the looming "fiscal cliff."
Apple Shares Near All-Time High On New Product Hopes
August 14 2012 6:18 AM EDT
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, have recovered lost ground and are trading not much below their record high of $644 set on April 10. Despite a setback when third-quarter earnings fell shy of estimates last month, they could set another record again this week.
Google Acquires Frommer Guides Travel Sites From Wiley
August 13 2012 12:23 PM EDT
Google (Nasdaq: GOOG), the No. 1 search engine, said it had acquired the famous Arthur Frommer travel guides and other travel assets from publisher John Wiley & Sons (NYSE: JW/A) of New York.
Facebook Settles Privacy Complaints With FTC Without Fines
August 10 2012 11:35 AM EDT
Facebook (Nasdaq: FB), the No. 1 social networking site, has finally settled charges with the U.S. Federal Trade Commission that it deceived members about their privacy rights. Although it won’t pay a fine, it agreed to be monitored by the FTC for 20 years. If violations are found, it could be subjected to civil penalties up to $16,000 per offense.
Starbucks Puts Its Bucks In Square To Bolster Mobile Payments
August 08 2012 9:28 AM EDT
Starbucks (Nasdaq: SBUX), the No. 1 chain of coffee shops, said it had invested $25 million in Square, the start-up specialist in mobile payments, which values the company at $3.25 billion.
LinkedIn Soars As Facebook Shares Near 50% Loss: Social Media Diverge
August 06 2012 12:42 PM EDT
Shares of Facebook (Nasdaq: FB) rose more than 3 percent Monday, trading at midday at $21.81, up 72 cents. But they’re still nearly 50 percent below the $38 set at their May 17 initial public offering.
Money's Winners And Losers: Boeing, Gabby Douglas, LinkedIn, Facebook, Ford, GM, and Knight Capital
August 03 2012 7:47 PM EDT
Each week, we pick the biggest, most dramatic, or most captivating winners and losers in the world of money and business. Here are the winners and losers for July 29-Aug. 4.
Technology Focus: Hedging Bets In High Tech For Yahoo, AOL, HP
July 22 2012 10:10 AM EDT
Internet users and investors were heartened last week when Yahoo (Nasdaq: YHOO), elected Marissa Mayer, 37, as its third CEO in less than a year. A hedge fund gets part of the credit but not all hedge funds score as well in the tech sector: how about Eastman Kodak (Pink: EKDKQ)?
Facebook IPO Jinx Falls: Palo Alto, Kayak Soar
July 20 2012 12:00 PM EDT
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
Xerox Surprise: CEO Trims Earnings Forecast
July 20 2012 9:14 AM EDT
The global slowdown may trim net income for Xerox Corp. (NYSE: XRX), the No. 1 provider of business printers and services. CEO Ursula Burns shaved her full-year forecast to a range between $1.07 and $1.12 a share from the previous $1.18.
Earnings Preview: Xerox 2Q Results To Decline
July 20 2012 6:20 AM EDT
Chances are second-quarter results from Xerox Corp., the No. 1 copier maker that’s moved increasingly into services, will be a disappointment, keeping in line with the general technology sector.
New Yahoo Boss Could End Up With $100M Pay Package
July 19 2012 10:40 PM EDT
New Yahoo (Nasdaq: YHOO) CEO Marissa Mayer could end up with compensation around $100 million if she meets certain goals the company disclosed.
Yahoo’s Mayer: Making First Moves At Turnaround
July 19 2012 2:49 PM EDT
Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.
German Nurburgring Racetrack Bankrupt, Owes €13M
July 18 2012 5:46 PM EDT
The legendary German Nurburgring racetrack is bankrupt after pouring millions into an amusement park.
IBM Boosts Full-Year Earnings Estimate To $14.40
July 18 2012 4:28 PM EDT
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, boosted its full-year net earnings estimates to “at least” $14.40 a share from the previous estimate of $14.27.
Earnings Preview: IBM’s 2Q Results May Prove Sound Execution Pays
July 18 2012 6:15 AM EDT
Banking on software, services and cost controls, International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, is expected to report improved second-quarter earnings despite a decline in revenue.
Memo To Mayer: 3 Points For A Better Yahoo
July 17 2012 9:49 AM EDT
Now that you are starting as the third CEO of Yahoo (Nasdaq: YHOO) in a year, have a seat on the board of directors and are about to run your first company, here are a few things to keep in mind.
Microsoft May Divest Remaining MSNBC.com Stake
July 12 2012 5:10 PM EDT
Microsoft (Nasdaq: MSFT), the world's biggest software company, is in seeking to divest its remaining investment in MSNBC.com, the No. 4 U.S. news website.
United Orders Boeing Jets For $14.7B To Save On Fuel
July 12 2012 12:50 PM EDT
United Continental Holdings Inc. (UAL) is joining hands with Boeing Co. (BA) to save on its fuel costs by replacing outdated and obsolete planes.