Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged as much as 7.5 percent in Friday trading, reversing Thursday?s 5 percent gains. Overall markets fell about 2.5 percent.
Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.
Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), reported May U.S. auto sales up 30 percent, the best showing for the month in five years and the 26th consecutive month of year-over-year sales gains for the revivified company.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged as much as 4 percent in early Friday trading, reversing Thursday?s 5 percent gains.
BP PLC is selling its stake in Russia-based crude oil and natural gas venture TNK-BP after receiving a unsolicited indications of interest regarding the potential acquisition, the British company said Friday.
The Dow Jones Industrial Average fell 26 points Thursday to 12,393 -- pushed lower by sentiment that May's U.S. Non-Farm Payroll reportl, to be released Friday, will be tepid.
Wal-Mart Stores Inc., the No. 1 U.S. retailer, said it had quit the American Legislative Exchange Council (ALEC), a Washington, D.C.-based group that lobbies for conservative laws in state legislatures.
The Walt Disney Co. (NYSE: DIS) appointed Alan Horn as chairman of Disney Studios, replacing former chairman Rich Ross, who was forced out of the role in April, the company announced Thursday.
After ditching Super Bowl ads, General Motors Co. (NYSE: GM) pivoted away from the NFL and instead entered into a five-year advertising partnership for its Chevrolet brand with the popular British soccer team Manchester United, a move meant to bolster the brand's global awareness, the company announced Thursday.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose in late-Thursday trading after they set a new low of $26.83.
Several top retailers reported stronger-than-expected sales in May Thursday, Reuters is reporting, providing a moderate surprise to Wall Street retail analysts, who had warned May might prove a disappointing month in terms of revenue for many stores.
It was strange not to see Steve Jobs fill one of the iconic red executive chairs at the D10 Conference in Rancho Palos Verdes, Calif., hosted by All Things Digital's Walt Mossberg and Kara Swisher, but current Apple CEO Tim Cook did his best to fill the massive vacancy left by Jobs with some heartwarming stories about Steve, his life at Apple, and some encouraging signs that the world's most valuable technology company is moving in the right direction.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, set a new low of $27 on Thursday, as the stock?s rout continues.
Marriott International Inc., the largest publicly traded U.S. hotel operator, plans to acquire Gaylord Entertainment Co.?s namesake hotel brand and management company, for $210 million.
No, you haven?t imagined it: trying to find a decent investment in these volatile financial times is like trying to find a diamond amid ashes. With the aforementioned in mind, here are three dividend plays that may not be diamonds, but they're worthy of consideration.
Ford Motor Company (NYSE: F) will offer a pension buyout to 98,000 retirees and former employees of the nation's second biggest car company, Reuters reported Thursday.
Shares of smartphone manufacturers Research in Motion (Nasdaq: RIMM) and Nokia (NYS: NOK) swooned this week on fears of mounting losses and dwindling share.
J.P. Morgan Chase & Co is spinning off the special investments group from its scandal-plagued chief investment office in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.
Ford Motor Co will pursue its boldest attempt yet to tackle a nearly $50 billion risk to its business when it begins offering lump-sum pension payout offers to 98,000 white-collar retirees and former employees this summer.
International Business Machines Corp. (NYSE: IBM) said it was deploying cloud, or Internet, computing services for the website of the French Open so that it can handle as much as 100 times normal traffic.
I will never, ever, ever fly on Spirit Airlines (Nasdaq: SAVE) again. In the past 24 hours, I have experienced the worst flying experience of my life. Over the course of almost seven hours of absolutely unacceptable delays, I was lied to, witnessed mothers struggling to care for their children, saw elderly people lose access to their medication.
In the most recent development of the scandal that has rocked Rupert Murdoch's disgraced News of the World tabloid, former editor Andy Coulson has been detained on perjury charges over court testimony about phone hacking. Coulson, 44, has been taken into custody by Scottish police as a part of an investigation into phone hacking and perjury at the trial of politician Tommy Sheridan.
Celebrating its 50th anniversary, Advertising Standards Agency [ASA] has dealt with over 431,000 complaints.
Too many leaked parts. Too many missing phones. Whatever the real reason is, Apple CEO Tim Cook wants to double down on secrecy on products coming out of Cupertino. Cook's announcement at the D10: All Things D Conference would make Apple fans, as well as the late Apple founder Steve Jobs, very proud.
Fiat Industrial S.p.A. (Milan, FI), a 2010 spin-off of Fiat S.p.A. that makes trucks and tractors, plans to merge with CNH Global NV (NYSE: CNH), the producer of Case and New Holland brand tractors, the company announced Wednesday.
Wish you were the owner of the fastest convertible in the world? Well, Dream On, because that title belongs to Aerosmith front man Steven Tyler after he purchased the first, and custom-made, 2012 Hennessey Venom GT Spyder for over $1 million. View the slideshow to see photos of Steven Tyler with his custom 2012 Hennessey Venom GT Spyder.
Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.
Apple has acknowledged that its iPad made it a major force in ebooks but denied that it?s stifling competition in a formal reply to the Justice Department's antitrust suit.
Apple Inc Chief Executive Tim Cook said he would like to see more of the company's products assembled at home than in China and contain more U.S. components such as semiconductors.
Japanese trading house Marubeni Corp. (Tokyo: 8002), which has been on a global shopping spree in recent years so it can become a dominant grain supplier to China, just took a strategic step toward that goal.
