Micron Shares Down After Posting 2Q Loss
Shares of Micron Technology (Nasdaq: MU), the No. 1 maker of memory chips, fell 3.5 percent Friday after the company reported a second-quarter loss as revenue fell nearly 9 percent.
Stock Rater Sees Facebook On Par With Tech Titans
Facebook isn’t even trading yet but Rapid Ratings, a New York firm with an unusual risk-analysis model, rates the social networking company's stock as highly as that of technology stars Intel, Apple, Microsoft and Google.
Women’s Group Knocks Summers’ World Bank Presidency Prospects
A woman’s group has mounted spirited opposition to a prospective nomination of former Secretary of the Treasury Lawrence Summers, 57, to be president of the World Bank.
IBM Takes ‘Watson’ To Cancer Research Center At Memorial Sloan-Kettering
IBM (NYSE: IBM), the No. 2 computer services company, said it will deploy its powerful Watson supercomputer at New York’s Memorial Sloan-Kettering Cancer Center to fight lung, prostate and breast cancer.
IBM Says Security Threats Mount Despite More Awareness
IBM senior manager for global security operations Nick Bradley said threats from cyberattacks increased last year despite more awareness by computer center managers. New threats come from iPhones and BlackBerrys.
World Bank President? Third World Candidates Emerge
President Barack Obama must nominate a new President of the World Bank soon, ahead of its June annual meeting in Washington. Two Third World candidates have been mentioned but another American is the likely winner.
IBM Data Center Czar: Enterprises Adjust to ‘Big Data’ Needs
Large enterprises that see the perils of “Big Data” are planning ahead by upgrading their computer centers now, a senior VP of IBM (NYSE: IBM) said.
HP Merges PC, Printing Units As New Boss Makes Her Mark
Hewlett-Packard (NYSE: HPQ), the No. 1 computer company, said it will merge its PC with its printers unit, amid other internal changes ordered by new CEO Meg Whitman.
Oracle Shares Gain After 3Q Results Beat Forecasts
Shares of Oracle (Nasdaq: ORCL) rose 2 percent in pre-market trading after the No. 1 database developer reported third-quarter results that beat estimates.They fell later.
QuestBack: Norway Software Developer Vying for U.S. Share
QuestBack, a fast-growing Norwegian developer of feedback software, is making a play for the U.S. market by opening an office and beefing up local personnel.
Apple Closes Above $600 After Buyback, Dividend News
Apple (Nasdaq: AAPL) closed above $600 a share for the first time after announcing a $10 billion share buyback with plans for a $2.65 share dividend later this year.
Oracle 3Q Results: Is Another Miss In Store?
Oracle (Nasdaq: ORCL), the No. 3 software developer and No. 1 in databases, is scheduled to report third-quarter results Tuesday. Last quarter, it missed estimates and the shares plunged 15 percent, shaving as much as $5.3 billion from the net worth of CEO Larry Ellison.
Apple: 5 Reasons It Decided To Reward Investors
CEO Tim Cook decided on a new course for the Cupertino, Calif., company regarding shareholders. We have plenty of cash to run our business, he said.
Apple: Sets $10B Share Buyback, $2.65/Share Dividend
Apple announced it will repurchase as many as $10 billion worth of shares now. Later this year, it plans to pay an initial dividend of $2.65 a share.
Apple Shares Rise As New iPad Sales Begin
Shares of Apple (Nasdaq: AAPL) recovered after plunging in the first hour of trading as sales of its latest iPad brought lines to its U.S. retail stores and wireless company outlets.
Cisco’s $5 Billion NDS Acquisition Boosts Media Push
Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet gear, said it plans to acquire NDS of the UK in a move to bolster its growing presence in media communications.
Apple Shares Hit $600, Barrels Past $560 Billion Value
Shares of Apple hit $600 for the first time, boosting the computer and electronics developer’s market capitalization above $560 billion.
Limbaugh Loses Almost 100 Sponsors In Scandal's Wake
The conservative radio host provoked the advertiser pullout by calling law student Sandra Fluke a slut and a prostitute after she had discussed with members of Congress her support of insurance coverage for contraceptives.
Citigroup: Shares Fall After No. 3 Bank Flunks 'Stress Test'
Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.
Apple Shares Shrug FTC Subpoena, Climb On New Price Targets
Shares of Apple (Nasdaq: AAPL) kept surging Wednesday even after the company was subpoenaed by Washington after two more analysts raised price targets.
Apple Subpoenaed By FTC As Part Of Google Probe
Apple (Nasdaq: AAPL), the iPad developer, received a subpoena from the U.S. Federal Trade Commission as part of its probe into practices of Google (Nasdaq: GOOG), a report said.
Facebook’s IPO Revisions: More Things To Know
Facebook filed for an IPO on Feb. 1 but has since amended its registration document twice. Here are four important things to know about the world's biggest social media company.
Intel Shares Near Record After TV Initiative Reports
Shares of Intel (Nasdaq: INTC) were near their record high after reports the No. 1 chipmaker is trying to create a virtual TV service for the consumer sector.
iPad Delays? No Problem Jefferies Analyst Says
Shares of Apple rose to another record after an influential analyst issued a report that boosted price targets and said the company shouldn’t have problems selling its latest iPad.
Yahoo Shares Rise After Suing Facebook On Patent Use
Shares of Yahoo (Nasdaq: YHOO) rose slightly after the company sued Facebook for alleged patent infringement. Facebook denied the charges in a statement but has not filed a legal response.
Yahoo Throws Wrench Into Facebook IPO With Lawsuit
Yahoo, the No. 2 search engine that just hired a new CEO, could threw a wrench into Facebook’s proposed $5 billion initial public offering by suing for patent infringement.
Technology Buybacks: IBM, HP, Qualcomm, Intel But Not Apple
Top-tier technology companies including Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Qualcomm (Nasdaq: QCOM) and Applied Materials (Nasdaq: AMAT), among others, all buy back shares. Qualcomm and Applied Materials have just refreshed their buyback programs and hiked their dividends, too.
IBM Shares Stay Above $200 As New CEO Predicts Further Profit Gains
Shares of IBM set a new high of $201.57 after new CEO Virginia Rometty said the No. 2 computer services company was “uniquely positioned” to deliver benefits of “a gusher of data” flowing into the global economy.
Larry King Gets New Gig On Mexican Billionaire’s New Internet TV Channel
Veteran talk show host Larry King, 78, will get a new gig on the new Ora Internet TV site financed by Mexican billionaire Carlos Slim Helu.
CNN Might Buy Social Network Site Mashable For $200M
If reports pan out, a buyout by the Time Warner unit could be highly profitable for Mashable founder Peter Cashmore.
