The collapse in Netflix's valuation is part of a wider wave of grievous losses being felt by shares of companies focused on virtual commerce. After riding a surge of investor enthusiasm to valuation peaks in mid-summer,companies like Netflix and Travelzoo had nowhere to go but down. Short-sellers, chomping at the bit to make bets against the stocks' heady fundamentals, are not exactly helping.
Gold prices broke a four-day losing streak Tuesday as investors worried about a possible liquidity crisis in the Eurozone sought protection for their money in the yellow metal.
Nebraska lawmakers on Tuesday voted unanimously to reroute a controversial proposed U.S.-to-Canada oil pipeline away from an ecologically-sensitive region in the state, and the governor quickly signed the measure into law.
J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange from defunct U.S. brokerage MF Global, two people familiar with the situation said, making it the exchange's largest shareholder.
U.S. stocks were little changed in a choppy session on Tuesday as markets reacted to headlines about Europe's debt crisis and digested data showing the U.S. economy grew more slowly than previously thought.
Euro zone banks' demand for central funding surged to a two-year high on Tuesday, and U.S. funds cut their lending to the bloc's banks, tightening a squeeze that looks unlikely to ease this year.
Some of the world's biggest financial firms are locked in a battle over the control of large banks in the $300 trillion market for privately traded derivatives in the United States.
Gold prices climbed back over $1,700 on Tuesday as investors seeking safe havens sold stocks.
U.S. stocks slipped on Tuesday as worry over Europe's debt crisis and weaker U.S. economic growth than previously thought kept selling pressure on for a fifth straight session.
U.S. bank earnings reached their highest point since the second quarter of 2007 but the industry continues to have trouble boosting revenue with the economy struggling.
Some of the world's biggest financial firms are locked in a battle over the control of large banks in the $300 trillion market for privately traded derivatives in the United States.
The CME Group, the world's leading derivatives market place, is on target to launch cleared over-the-counter gold in Europe by the end of 2011, and wants to boost the number of contracts it clears, a top official said on Tuesday.
International Tower Hill Mines Ltd. said Tuesday it is delaying release of a preliminary feasibility study on an Alaskan venture a few months to allow for more laboratory testing and optimization work.
Former House Speaker Newt Gingrich is the current beneficiary of Republican voters' perpetual search for an alternative to Mitt Romney, and he's enjoying the amplified media attention that accompanies a rise in the polls. If he declines, is Huntsman next? Or is it time to write-off the former Utah governor?
Now that we’ve announced HP’s full-year results for 2011, here’s what we have to do to get back on course: Focus on a united company and other aspects of my plan.
Mining company Magma Metals Ltd said it plans to spin off its West Australian gold projects into a new exploration company, to focus on its platinum-palladium-copper-nickel project in Ontario.
Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013 after the successful launch of production at the neighbouring Gedabek mine, the company said on Wednesday.
Intel's (INTC) stock has broken out of a four-month range-trading pattern to trade at/near $23.50. Is there more upside ahead with Intel?
African, Australian and Colombian prospects will play a key role in boosting AngloGold Ashanti Ltd.'s gold output to 5.5 million ounces by 2015, the world's third-largest gold mining company said Tuesday.
Denmark's Danske Bank A/S said on Tuesday Cevian Capital and funds it represents had raised their aggregate stake in Danske to 5.02 percent.
U.S. stocks were little changed on Tuesday as persistent concerns over Europe and a weaker reading on U.S. economic growth kept investors on edge, although the downside was limited after four days of losses.
Netflix Inc's shares tumbled some 6 percent in premarket trading on Tuesday after it lowered its 2012 outlook leading several Wall Street analysts to cut their price targets for the online video and DVD rental company.
U.S. stock index futures pointed to a weaker open on Tuesday, putting the S&P on track for a fifth day of losses as persistent concerns over Europe and a weaker reading on economic growth kept investors on edge.
Former UBS trader Kweku Adoboli, who is accused of unauthorized trading which the Swiss bank says has cost it some $2.3 billion, was remanded in custody Tuesday by a London court until December 20.
U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.
U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.
China's trade balance faces the risk of sliding into a deficit for the first time in two decades in 2012 as export demand in Europe and the United States slumps, an academic adviser to the central bank said on Tuesday.
Gold prices on Tuesday clawed back four days of losses after ratings agencies decided not to punish the U.S. for its inability to cut the national debt.
The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion, about double initial estimates from regulators, the trustee liquidating the company said on Monday.
U.S. stock index futures were higher on Tuesday, indicating a market rebound following four days of losses, although persistent concerns over Europe kept investors on edge.
