Two reports released today show two groups, retail investors and professional asset managers, have been moving in markedly different directions in the past two weeks. The armchair stock pickers are getting out of U.S. equities while the pros are claiming they are dumping more cash into the American stock market.
Chipmaker Intel is combining four divisions under a new mobile and communications unit in a bid to catch up in smartphones and tablets, where it has so far failed to gain traction.
Morgan Stanley has returned $700 million to investors after its main real estate fund performed weaker than expected, reported the Wall Street Journal.
It seems like Avon Products, Inc., (NYSE:AVP), waited too long to oust Andrea Jung from the CEO position, as stocks have risen since news of her departure broke.
Universal Pictures has acquired the worldwide rights to the young adult-fantasy novel Daughter of Smoke & Bone, the studio announced Wednesday.
Task outsourcing startup TaskRabbit has closed a new $17.8 million round of funding, the company announced today.
JumpTime, a Los-Angeles based technology company, has hired media veteran Elizabeth Osder as SVP of Strategy & Business Development.
This is the second in TheWrap's series of Studio Report Cards.PARAMOUNT:Grade: A-
Coca-Cola Co (KO.N) is buying a stake in Saudi Arabia-based beverage company Aujan Industries for $980 million in what is seen as a bid to catch up with rival PepsiCo Inc (PEP.N) in the Middle East.
On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors.
Canada's energy regulator has failed to make adequate checks to ensure pipeline operators fix safety problems uncovered at their facilities and keep emergency procedures up to date, the country's Commissioner of the Environment and Sustainable Development said on Tuesday.
Avon Products Inc. is beginning its search for a new chief executive officer to replace Andrea Jung, who will remain with the company as a chairman at the beginning of the New Year.
From iPhones to mergers to patent wars, it has been quite the year in the world of telecommunications. Despite all the big industry news swirling around this year, the public was left with very few answers.
NB Power said a radiation alert at the Point Lepreau nuclear generating station in Canada's New Brunswick province on Tuesday was caused by a small spill in the reactor building.
U.S. mortgage applications increased 4.1 percent on a seasonally adjusted basis in the week ending Dec. 9, led by an increase in refinances, according to the Mortgage Bankers Association.
Starbucks, the international coffee giant, is looking to expand to sell alcohol on its menu, with beer and wine to appear on menus in Chicago by the end of 2012.
More than $1 million was stolen from Android Users in 2011 and researchers believe that they are now 4 percent more likely to encounter malware.
U.S. safety investigators called on Tuesday for a nationwide ban on texting and cell phone use while driving, a prohibition that would include certain applications of hands-free technology becoming more common in new cars.
The top pre-market NASDAQ gainers are: Broadcom, Melco Crown, Acme Packet, Endocyte and Silicon Precision. The top pre-market NASDAQ losers are: First Solar, Grifols, RADVision, ARM Holdings and Amazon.
EU antitrust regulators accepted concessions offered by International Business Machines Corp to end an antitrust investigation and avert a possible fine, the European Commission said on Wednesday.
Japanese camera maker Olympus Corp beat the deadline for an automatic delisting after it reposted five years of earnings, which showed a $1.1 billion loss and ignited merger speculation.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
Japan's disgraced Olympus Corp ironed out its crooked accounts Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation that it would need to merge or sell assets to repair its finances.
Chicago-based Boeing Co. has landed a large order for the fuel-efficient version of the 737 MAX jets. The order, valued atr $19 billion, is from Southwest Airlines and is believed to be the biggest in the company's history, both in terms of the number of planes and their list price value.
Jefferies Group Inc. (JEF), a mid-market pure play investment bank that has been battered for weeks by a steady feed of negative rumors, has more bad news to share. The firm is slashing 11 percent of its workforce, mainly in its equities division, as investors remain skeptical about the company’s ability to stay independent.
Acura said Monday it would unveil three brand new vehicles at next month's North American International Auto Show in Detroit, an aggressive push for a brand looking to climb in the luxury-vehicle market.
The city of Chicago said on Tuesday that it would vigorously defend a lawsuit filed by the Federal Housing Finance Agency (FHFA), which challenges an ordinance regulating the maintenance of vacant properties.
The contract that established Apple as a corporate entity in 1976 sold at auction on Tuesday for $1.59 million, 10 times its estimated price, two months after the death of high-profile co-founder Steve Jobs.
This December, Santa may well deliver more than just candy or coal to the entrepreneurs of Silicon Alley startups. If 2011 has been any indication, more money than ever before is being dumped into the coffers of New York-based high tech firms. For example, consider the following deals that have just happened:
Apple's purchase of Anobit, an Israeli maker of Flash chips, likely means the iPhone 5 will greatly improve its memory storage capabilities.
