Nasdaq Stock Market Stories
Former Merrill execs invested in Madoff funds: report
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
Former Merril execs invested in Madoff funds: report
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
AT&T Reveals iPhone Service Prices, Analysts Bullish; Apple Rallies
AT&T unveiled subscription prices for Apple's second generation phone on Tuesday, while analysts became bullish on the iPhone's future prospects, sending the computer maker nearly five percent higher in active trading.
Novell up 4 pct on profit that tops estimates
Novell Inc rose more than 4 percent on Friday after it reported a better than expected profit and rising sales for its second quarter.
DirecTV Wins Patent Case with Finisar, Saves more than $117.3 million
DirecTV Group Inc. won a trial following a $78.9 million patent verdict in favor of Finisar Corp. over the information transmission technology.The U.S. Court of Appeals for the Federal Circuit said...
Stocks Waver on Cisco Outlook, Home Sales Dip
Stocks were slightly lower Thursday in mid-day trading after a volatile morning as investors worried over a lower outlook at networking equipment maker Cisco systems and a new report showed a further drop in home sales.
U.S. Stocks Gain on Microsoft's Yahoo Bid, Tech Stocks Lead
U.S. stocks markets closed out the week on an up note on Friday, ending Wall Street's best performing week in nearly five years, after Microsoft Corp's $44.6 billion bid for Yahoo Inc pushing technology stocks ahead of other sectors.
Microsoft Challenges Google with $45 Bln Yahoo Bid
Microsoft Corp. made a move on Friday to bolster its Web operations against Internet search leader Google by making an unsolicited offer for Internet portal and search engine Yahoo, Inc. worth $31 per share, or $44.6 billion.
Nasdaq may link with Borse Dubai in OMX bid: paper
Nasdaq may sell its stake in the London Stock Exchange to Borse Dubai and make a joint bid with the Gulf exchange for Nordic exchange owner OMX, The Daily Telegraph said on Monday.
Citi, Lehman, others start trading platform
Five banks, including Citigroup, Lehman Brothers Holdings Inc., and Merrill Lynch & Co. Inc., said on Tuesday they were setting up a trading platform for privately offered stocks, seeking to tap the growing market for non-public shares.
Sun shares jump on 4Q profit that beat expectations
Shares of Sun Microsystems Inc. rose more than 4 percent on Tuesday after the computer server maker said it hard turned around from a loss a year ago to post a higher than expected profit.
Sandisk up on higher outlook
SanDisk Corp. (Nasdaq: SNDK) reported a lower quarterly profit late Thursday, but a higher gross margin projection sent the stock up nearly 4 percent in Friday trading.
Yahoo shares drop on lower profit, weak outlook
Shares of Internet portal Yahoo, Inc. fell more than 4 percent on Wednesday after the internet search giant posted a lower quarterly profit and gave a weaker-than expected forecast for the full fiscal year.
Gemstar shares spike as firm pursues options, possible sale
Shares of Gemstar-TV Guide International Inc. (Nasdaq: GMST) jumped on Tuesday after the company said it was exploring strategic partnerships, including possibly selling itself.
Schnitzer shares higher on 3Q results
Shares of Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) surged on Monday after the company reported a higher-than-expected quarterly profit.
America First Agrees to $532M Sentinel buyout
America First Apartment Investors Inc. (NASDAQ: APRO) said on Monday that it agreed to be acquired by a privately held buyout firm for about $532 million in cash, including debt.
Cognos Dips on 2Q Outlook Below Estimates
Shares of Cognos, Inc. (TSX: CSN) fell more than 2 percent on Friday, a day after Canada’s largest software developer forecast a second fiscal quarter profit short of analysts’ estimates.
Nvidia Sees New High on New Chip, Margins
Shares of graphics chip maker Nvidia Corp. (NASDAQ: NVDA) traded at an all time high on Thursday after the company gave an upbeat outlook for the near-term and it introduced a new high-end desktop product.
CDW Shares Jump on $7.3B Takeover Deal
Shares of online computer retailer CDW Corp. (NASDAQ: CDWC) rose on Wednesday, a day after it agreed to be acquired by private equity group Madison Dearborn Partners LLC for $7.3 billion in cash.
La Jolla Shares Jump on Lupus Drug Data
La Jolla Pharmaceutical Co. (NASDAQ: LJPC)shares jumped on Thursday after the company said its lupus drug was well tolerated in data across three different reports.
Cytyc Rallies on Hologic Buyout
Shares of Cytyc Corp.(NASDAQ: CYTC) rose more than 20 percent on Monday, a day after an announcement that Hologic, Inc. (NASDAQ: HOLX) agreed to buy the company for $6.2 billion.
MAF Bancorp to be Acquired by National City for $1.9 billion
Shares of MAF Bancorp Inc. (Nasdaq: MAFB) skyrocketed on Tuesday after agreeing to be acquired by National City Corp. (NSYSE: NCC) for $1.9 billion.
Atheros Rallies on Strong Quarter, Projection
Strong first quarter earnings and a projections above estimates boosted shares of wireless chip maker Atheros Communications Inc. (NASDAQ: ATHR) in trading on Tuesday.
Amazon Shares Skyrocket as Earnings Double
The world's largest online retailer, Amazon Inc. (Nasdaq: AMZN) said late Tuesday that its first quarter profit more than doubled, sending shares of the company up more than 20 percent in Wednesday trading.
E*Trade Falls on Weaker 2007 Outlook
Shares of online broker E*Trade Financial Corp. (Nasdaq: ETFC) fell Thursday, a day after the firm’s first-quarter earnings report showed a profit that beat Wall Street expectations but also included lower guidance for the full fiscal year.
Allen Systems to Acquire Mobius
Shares of Mobius Management Systems Inc. (NASDAQ: MOBI) jumped on Thursday after it agreed to be acquired by Allen Systems Group, Inc. an enterprise software provider.
American Medical Systems Plunges On Weaker Guidance
Shares of medical firm American Medical Systems Holdings, Inc. (NASDAQ: AMMD) plunged nearly 18 percent on Wednesday after the firm lowered its expectations for first quarter revenue.
Memory Pharma Rockets on Clinical Trial Enrollment
Shares of drug maker Memory Pharmaceuticals Corp. (NASDAQ: MEMY), skyrocketed on Monday, after the company announced it had has completed enrollment for Phase IIa trials of its Alzheimer’s treatment on Thursday. The market was closed on Friday.
Cell Genesys Up Sharply on Clinical Trial Results
Biotechnology firm Cell Genesys Inc. (Nasdaq: CEGE) shares rose sharply Tuesday, after the company said its prostate cancer drug therapy showed better-than-expected results in a clinical trial.
Global Imagining Shares Rocket on Acquisition by Xerox
Xerox Corp. (NYSE: XRS) announced on Monday that it would buy Global Imaging Systems (Nasdaq: GISX), sending shares of the Tampa-based company skyrocketing.