Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell to a new record low of $19.01 in midday Friday trading, a day after insiders were allowed to sell as many as 241 million shares they had been required to hold since the May 17 initial public offering.
Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it may call off its auction of 1,100 patents that was scheduled to conclude Monday. In a statement late Thursday, Kodak said it “has not reached a determination or agreement to sell the digital imaging portfolio.”
Sony Corp. is doing its best to maintain Playstation 3 and Playstation Vita performance in the lead-up to next year's anticipated launch of its next-generation console by cutting costs and introducing a wide range of new intellectual property for the rapidly aging devices.
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's and Best Buy.
Trading in U.S. stocks has been going on at a snail's pace recently, a fact market-watchers are blaming on policy uncertainty, but could also be the result of investors fed up with the fragmented, unpredictable nature of the market.
Samsung Electronics (Seoul: 005930) started shipping its $499 Galaxy Note 10.1 tablet in a bid for market share against the iPad from Apple (Nasdaq: AAPL), the world's most valuable technology company. On of its innovations is an electronic stylus called the S Pen, first unveiled at the International Consumer Electronics Show in January.
Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.
China may have lost out in its mad dash to get the most gold at the London Olympics this summer, but the country is seemingly still running the race for gold where it counts, as it is currently in the process of bidding for a major African gold miner.
Time Warner Inc. (NYSE:TWX), the fourth-largest media conglomerate by market capitalization, and World Wrestling Entertainment Inc.(NYSE:WWE) are hoping an unlikely brand collaboration will create a hit.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, plunged more than 5 percent when the market opened Thursday, as insiders were free to unload as many as 241 million shares.
China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.
Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.
Gold prices are set for a 12th consecutive year of gains despite posting the largest quarterly drop since 2008 in the second quarter, a view likely shared by the World Gold Council, and billionaire investors George Soros and John Paulson.
Demand for gold by central banks and official sector institutions were more than double the level reported a year ago, as emerging market central banks continue to gobble up gold due to concerns about fiat currencies, such as the U.S. dollar and especially the euro, according to World Gold Council data released Thursday.
There comes a time in the life cycle of most commodities when China, home to 1.3 billion people and counting, takes over as the world's biggest consumer. For gold, that moment is drawing near.
Thursday frees holders of as many as 271 million shares of Facebook (Nasdaq: FB), the No. 1 social networking site, to sell them for the first time since the first-day trading fiasco on May 18, when shares that had been priced at $38 first traded at $42.05, then didn’t trade for 30 minutes and closed at $38.23.
The Canadian Auto Workers and the Detroit Three, General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Chrysler Group LLC, began preliminary contract negotiations on Tuesday, and the fate of Canadian auto manufacturing may hang on the talks.
With the national housing market showing signs of a rebound, analysts are saying shadow inventory might not be such a threat after all.
Cisco Systems (Nasdaq: CSCO) reproted fourth-quarter results that exceeded analyst estimates.
JPMorgan Chase & Co. (NYSE: JPM)'s multibillion-dollar "London Whale" trading mess sent some well-known money managers running for the exit, but new regulatory filings show that several big hedge-fund players loaded up on JPMorgan as they saw the stock's 22 percent drop in the second quarter as a buying opportunity.
Any trial in U.S. District Court of the more than 50 shareholder lawsuits alleging fraud by Facebook (Nasdaq: FB), the No. 1 social networking site, and its underwriters could be as much as five months away, lawyers said.
Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.