Facebook Shares Recover From Record Lows
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose in late-Thursday trading after they set a new low of $26.83.
Facebook Sets New Lows Despite ?Buy? Calls
Shares of Facebook (Nasdaq: FB), the No. 1 social network, set a new low of $27 on Thursday, as the stock?s rout continues.
HP May Have Overbilled NYC For 911 Upgrade: Comptroller
Hewlett-Packard Co. (NYSE: HPQ), the biggest computer company, may have overbilled New York City by as much as $50 million to upgrade the 911 system, Comptroller John Liu charged.
Paradigm Shift: As RIM, Nokia Plunge Could Windows 8 Be Too Late To Save Them?
Shares of smartphone manufacturers Research in Motion (Nasdaq: RIMM) and Nokia (NYS: NOK) swooned this week on fears of mounting losses and dwindling share.
IBM Deploying Cloud Servers For French Open Fans
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.
Facebook Shares Hit New Low; Class Action Lawyer Sees Suits Merging
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell again Wednesday, giving back their early gains from Tuesday?s record-low close of $28.84.
RIM Activist Investor: Split Company In Half For Sale
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?s Antitrust Reply On eBooks: ?We Benefited The Public?
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.
John F. Kennedy?s 95th Birthday On May 29
John F. Kennedy, the 35th U.S. President, would have been 95 on Tuesday. Born in Brookline, Mass., he was assassinated on Nov. 22, 1963, in Dallas, after less than three years as president.
Facebook Shares Plunge To New Lows
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell to a new low following its $16 billion May 17 initial public offering.
RIM Fades After CEO Warns Of More Losses But Hires Bankers
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) rose as much as 3.8 percent Tuesday after reports it might shed 2,000 more employees soon. But they fell 10 percent later.
'Agent Orange' Judge Weinstein Gets Memorial Day Honor
U.S. District Court Judge Jack B. Weinstein, 90, best known for settling the Agent Orange cases stemming from the Vietnam War, was honored as grand marshal of the Memorial Day Parade at home in Great Neck, N.Y. Monday.
Sarah Hughes Won't Get Ice Rink Renamed For Her
Sarah Hughes, who an Olympic gold medal for the U.S. at the 2002 Winter Olympics, won't have the public skating rink in Great Neck, N.Y., renamed in her honor, the Great Neck Park Commission has ruled.
Technology Focus: Is Another Industry Downturn Looming?
Several industry bellwethers like Cisco Systems (Nasdaq: CSCO), Dell (Nasdaq: DELL) ) and NetApp (Nasdaq: NTAP) have reported poor resuilts or forecasts. Hewlett-Packard (NYSE: HPQ) will axe 27,000 people. Is a new tech recession ahead?
Japan?s Renesas Electronics May Ax 14,000
Renesas Electronics (Tokyo: 6723), one of Japan's biggest chip-makers, could fire as many as 30 percent of those on its payroll, or 14,000 workers.
SpaceX Makes History - 1st Private Capsule Links To International Space Station
Private-sector initiatives in space made history Friday when SpaceX?s Dragon space capsule was grappled by and attached to the International Space Station.
Limbaugh Boycott Gets Mixed Results; Sponsors Still Out On Ratings Decline
Three months after Rush Limbaugh characterized a Georgetown Law School student Sandra Fluke as a ?slut? and a ?prostitute,? a liberal-backed boycott of the right-winger?s radio show has been effective.
Facebook Shares Drop Again On New Probes Despite Morgan Stanley Investor Pledges
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.
Quest Software Jumps On Dell Purchase Report
Shares of Quest Software (Nasdaq; QSFT) jumped 5 percent Friday after a report it would be acquired by Dell (Nasdaq: DELL), for as much as $2 billion.
Facebook, ?Titanic' Of IPOs, Could Poison Tech Company Pipeline
Faced with the disastrous fallout from the initial public offering of Facebook (Nasdaq: FB), the No. 1 social network, other technology companies that had been waiting to go next may reconsider.
?Ethical iPhone?? SumofUs Says No
SumOfUs, the Washington, D.C.-based liberal group that pressured Apple (Nasdaq: AAPL), the world's most valuable technology company, about its Chinese contractors, is keeping the pressure on.
Facebook's Shares Recover, But IPO Wounds Fester
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.
How Much Did Facebook?s Bankers Rake In For The Mega-IPO?
Facebook (Nasdaq: FB), the No. 1 social network, didn?t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.
How?s Facebook Faring On Thursday?
Shares of Facebook (Nasdaq: FB), the No. 1 social network, are up six cents to $32.06 in late morning trading on Thursday.
HP: Is Whitman?s Ax As Big As IBM?s Gerstner?s?
Margaret Whitman, the new CEO of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, decided to swing her ax Wednesday as the company reported dreadful second-quarter results.
Cisco, Dell, HP: Is A Tech Recession Coming?
Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?
HP 2Q Earnings: Whitman Expected To Swing Ax
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, fell as much as 5.6 percent Wednesday, ahead of its expected announcement of second-quarter results.
Dell Disappoints, With Dismal Outlook, And Shares Dive 15%
Shares of DELL (Nasdaq: DELL), the No. 3 PC maker, plunged as much as 15 percent after the company reported first-quarter results that trailed analyst estimates for both income and revenue and issued a poor forecast.
Facebook Shares Rise 3% Despite Subpoenas, Lawsuit, Complaints About IPO
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose nearly 5 percent Wednesday despite continuing fallout from its May 17 initial public offering.
Dell 1Q Earnings Trail Estimates; Sets Poor Outlook
Dell Inc. (Nasdaq: DELL) reported first-quarter results that trailed analyst estimates for both income and revenue and issued a poor forecast for the current quarter
