Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending while signing up more customers and merchants, sending its stock 11 percent higher.
Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?
Facebook founder and CEO Mark Zuckerberg turned 28 on Monday, and his true birthday present will arrive on Friday when the social networking site sells stock and begins trading on Nasdaq. But he's not the only young gun out there.
LightSquared Inc., hedge-fund manager Philip Falcone?s national wireless venture, collapsed Monday and filed for protection in U.S. Bankruptcy Court in New York.
Shares of BMC Software, which specializes in enterprise products, soared nearly 10 percent after Elliott Associates, the venerable New York hedge fund, said it has acquired a stake above 5 percent.
Former Yahoo (Nasdaq: YHOO) CEO Scott Thompson quit in part because of a recent diagnosis of thyroid cancer, the Wall Street Journal reported.
Who doesn't love puppies? Nobody, that's who! That's why Cleaversoft LLC built PuppyWars, a free iPhone and iPad game where dog lovers can answer the age-old question: Who has the cuter puppy?
Best Buy founder Richard Schulze is the newest casualty of a sex scandal at Best Buy that led to his resignation today after an internal investigation revealed that he knew about a close personal relationship former CEO Brian Dunn had with a 29-year-old female employee, which is a violation of company policy.
A new report revealed that Kodak housed a nuclear reactor the size of a refrigerator containing weapons-grade uranium for over 30 years in a facility in Rochester, New York.
Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
Yahoo CEO Scott Thompson has resigned from his position at the Sunnyvale, Calif., based company after investor's revealed a misrepresentation in his resume, but he isn't the only one. Check out some other CEO's who got caught with fixed resumes.
Concho Resources Inc. (NYSE: CXO) will buy all of the oil and natural gas assets of Three Rivers Operating Company LLC for $1 billion in cash, increasing Concho's production by 7,000 barrels of oil a day, the company announced Sunday.
Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.
The world's youngest billionaire has turned 28, and his birthday has come as a landmark moment for his company, as Facebook Inc is all set to start trading.
Shares of Yahoo Inc. (Nasdaq: YHOO), the No. 3 search engine, rose nearly 3 percent in Monday trading after dissident shareholder Daniel Loeb knocked out the CEO and took control of the company.
Concho Resources Inc. (NYSE: CXO) has agreed to acquire all the crude-oil and natural-gas assets of the Three Rivers Operating Co. and certain affiliated entities for $1 billion in cash, Concho announced Sunday.
First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Sunday.
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.
For months, Yahoo has been in crisis. Market share fell. CEO Carol Bartz was fired. A Chinese tycoon said he?d buy the company.
JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
Samsung Galaxy S3 was unveiled at the Earls Court press event in London May 3 and the new smartphone has received compliments for its enhanced battery and processor capabilities.
In the aftermath of the recovery of Alexandria Bain and Kyliyah Bain, authorities are now releasing information about the details that led them to the girls and their kidnapper, Adam Mayes. In a press conference held by the Mississippi Highway Patrol, Master Sgt. Steve Crawford explains how days of searching for the Bain sisters and Adam Mayes, who killed their mother and sister, led them to a red-brick church perched on a hill.
Before getting arrested on charges of intercepting phone messages of celebrities, politicians and other public figures, Rebekah Brooks was British journalist, editor and chief executive of Rupert Murdoch's British newspaper subsidiary, News International.
Sony Mobile Communication is one of the leading Android smartphone manufacturers to challenge Samsung Galaxy S3 and HTC One X with its latest flagship devices.
Since hitting 52-week lows last October, U.S. financial-sector stocks have staged a strong comeback -- rising some 34 percent. Despite this uptick, they still look like bargains, at first blush.
The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.
Legendary entrepreneur, American muscle-car manufacturer, and race-car driver Carroll Shelby died Friday at the age of 89, according to a statement by his company Carroll Shelby International Inc. (OTC: CSBI.PK). The cause of death was not disclosed.