If you’re looking for signs of a tech bubble, Apple’s latest moves won’t help your case. The tech giant announced that it would split its stock 7 for 1 and increase its already massive stock buyback and dividend plans.
Facebook reported earnings on Wednesday that blew away Wall Street expectations. In an increasingly mobile world, Mark Zuckerberg’s dorm room creation is looking more and more like one of the best advertising platforms around.
Mark Luschini of Janney on why stocks are poised for a nice 2nd half in 2014
Warren Buffett, the billionaire chairman of Berkshire Hathaway, said he's open to the possibility of his company becoming more involved in housing finance once lawmakers resolve the future of Fannie Mae and Freddie Mac.
When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless ...
General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings. First-quarter profit fell 86 percent to $125 million. ...
Will biotech get its mojo back or is it a dead cat bounce?
Financial markets rarely stick to the script, and this year is no different. Investments traditionally considered safe bets such as utilities, gold and government bonds were supposed to flop in 2014 as ...
General Electric Co. (GE) is in talks to buy Alstom SA (ALO), the French builder of power plants and transmission gear, people with knowledge of the matter said, in what would be GE's biggest acquisition ever. The deal may result in a separation of Alstom's transport business, which manufactures high-speed TGV trains, to make obtaining the approval of the French government easier, one of the people said. Alstom's other assets represent more than 70 percent of sales. A potential transaction may value Alstom at about $13 billion, one of the people said.
* Kiev interior ministry forces, army take rebel checkpoints * Putin warns of consequences after "punitive operation" * Obama: Moscow so far not implementing Ukraine accord * Russia warns foreign investors of costs if they pull out
The pay of Wal-Mart Stores Inc.'s outgoing CEO fell 73 percent in 2013 because he didn't get stock awards that are given in anticipation of future performance as well as a lower performance-based bonus. ...
Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. The privately held food company said Wednesday that as part of the deal, TPG will ...
Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter. The Commerce Department said on Thursday durable goods orders increased 2.6 percent as demand rose across all categories. Durable goods range from toasters to aircraft and are meant to last three years.
General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switches linked to at least 13 deaths, but results still topped Wall Street expectations on strong pricing for its vehicles, especially in North America. Excluding a charge mostly for the devaluation of the Venezuelan currency, GM earned 29 cents a share, far better than the 4 cents analysts expected, according to a poll by Thomson Reuters I/B/E/S. Some GM ignition switches can make vehicle engines stall while operating, stop airbags from deploying, and power steering and power brakes from operating.
The company, which is in the middle of a $45.2 billion acquisition by Comcast Corp (CMCSA), lost 34,000 residential video subscribers in the first quarter on a net basis, fewer than the 77,300 analysts had expected. Time Warner Cable's quarterly profit jumped 19.5 percent to $479 million, or $1.70 per share, in the first quarter ended March 31. Time Warner Cable's shares closed at $139.87 on Wednesday on the New York Stock Exchange.
Who knew what and when with respect to Bill Ackman's move to takeover Allergan?
Hot-shot hedge fund manager David Einhorn claims "we are witnessing our second tech bubble in 15 years.” Mark Luschini of Janney urges investors not to paint the tech market with quite so broad a brush.
Apple surged on better-than-expected earnings and a 7:1 stock split. Activist investor Carl Icahn said the company remains "undervalued."
Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period.
General Electric Co. (GE) is in talks to buy Alstom SA (ALO), the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE's biggest acquisition ever. The U.S. company may pay more than $13 billion for Alstom, one of the people said. That would be about 25 percent more than Alstom's current market value. The deal would give the U.S. maker of jet engines and locomotives control of Alstom's high-speed TGV trains and rail-signal technology as Europe's economy begins to revive.
Buffett said he thinks Coca-Cola's controversial equity compensation plan was excessive, but Berkshire Hathaway abstained in the shareholder vote.
While almost everything you read about Apple is pessimistic at best, there’s a simple and straightforward bullish case for Apple, one that doesn’t rely on a bolt-from-the-blue acquisition or game-changing new product.
Maybe it was the martini that helped activist investor Carl Icahn publicly support nemesis Bill Ackman, but he still called Marty Lipton "dead wrong."
Hugh Johnson of HJ Advisors on why you need to play a little defense, and offense in this market
Mat Honan, senior writer at "Wired" magazine discusses the growing relationship between Silicon Valley entrepreneurs and marijuana growers and dispensaries.
"I certainly think there's going to be a rebound, [but] to make a 3% year...we've got to do a lot better than 3% in the remaining three quarters and I'm just not quite that optimistic," says Princeton professor and former Fed Vice Chair Alan Blinder.
Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable ...
Earnings results fuel searches for Boeing and P&G, while Ackman's Allergan bid continues to stir controversy.
Apple's quarterly report following the closing bell could send shares sharply lower Thursday even if the company hits earnings estimates-if history is any guide.
Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.
Apple needs to prove it can still make the disruptive innovations it did in the mobile phone business, former CEO John Sculley tells CNBC.
Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The housing market has been slammed by an unusually cold winter, higher mortgage interest rates and a shortage of properties.
Tavis McCourt of Raymond James gives three things that investors will learn from Apple earnings.
That line was famously attributed to early Facebook Inc. backer Sean Parker in "The Social Network." Nowadays, what he thinks is cool is a possible replacement for smoking: "vaping." So are U.S. tobacco giants Lorillard Inc., Altria Group Inc. and Reynolds American Inc. Expect plenty of discussion about their vapor-product strategies during earnings calls this week by investors excited about e-cigarette startup Njoy Inc.'s $1 billion valuation. Retail cigarette sales of $90 billion are about 90 times as much as the e-cig market. Lorillard, the smallest of the three in tobacco sales, is the leader with a 47% share nationally in e-cigs—slightly ahead of Njoy.
LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, the bloc's second biggest, momentum waned. "Given the problems the euro zone faces, to get even a modest rate of positive growth this year is a good sign. But there is an increasing concern that two of the larger economies - Italy and France - are struggling to gain any traction," said Peter Dixon at Commerzbank.
By Phil Wahba (Reuters) - Procter & Gamble Co (PG.N), the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products ...
Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor Corp. said Wednesday that it sold a record 2.583 ...
An industrywide recalibration that has been building since 2011 reached a peak this week with a flurry of activity by Pfizer Inc. (PFE), GlaxoSmithKline Plc (GSK) and Valeant Pharmaceuticals International Inc. "Everyone wants to focus on where they can have a leadership position, or at least be in the top few," Jeff Jonas, a portfolio manager at the $50 billion Gabelli Funds LLC, said in a telephone interview. That's the reason drugmakers like London-based Glaxo are quitting the cancer business as Basel, Switzerland-based Novartis AG (NOVN) bulks up. It also may be why New York-based Pfizer, which has a handful of promising oncology drugs, tried to buy AstraZeneca Plc, the London-based drugmaker with a complementary cancer portfolio.
European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index numbers.
Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite. Spot gold was trading flat at $1,283.50 an ounce by 0640 GMT. But if we break that level, we are going to fall to $1,250," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a good measure of investor sentiment, has seen sharp outflows in recent days, weighing on prices.