SEC probing Hurd's departure from HP
U.S. Securities and Exchange Commission is investigating the departure of Mark Hurd as the chief Executive officer from Hewlett-Packard Co. (NASDAQ:HPQ) as part of its broad inquiry in to various claims, including insider trading by the former executive.
Amazon profit view raised at Barclays
Barclays Capital raised profit estimate of online retailer Amazon.com, Inc., citing strong online holiday season.
Should Nokia Adopt Android or Windows Phone 7?
With dwindling market share for Symbian and growing smartphone competition may force Nokia to adopt either Google's Android Operating System or Windows Phone 7 in a bid to regain its lost marketshare in the smartphone space.
New Facebook Features Leaked
Facebook went out of service for a brief period Thursday after an accidental leakage of some upcoming features of the social networking website.
Oracle Apps Now Available From Amazon
Amazon said several applications of Oracle are now available in its Amazon Elastic Compute Cloud, a commercial web service that allows customers to rent computers on which to run their own computer applications.
Choose a Movie's Plot ... While Watching It!
A new movie format developed by Tel Aviv University lets the viewer change the course of a film with the click of a button.
Auriga Upgrades Spreadtrum Communications To 'Buy'
Auriga USA upgraded Spreadtrum Communications, saying that the company’s gross margin concerns will be offset market share gains.
Yahoo To Shut Delicious, Yahoo Buzz amid cost-cutting moves
Yahoo is planning to shut several of its web properties, including Delicious, Yahoo Buzz, MyBlogLog, AltaVista, AllTheWeb.com and Yahoo Picks, as part of its restructuring efforts to save costs and exit unprofitable ventures.
Apple Opens Mac App Store on Jan.6
Apple said its Mac App Store will open for business on Thursday, January 6 and will be available in 90 countries at launch.
LG Unwraps Optimus 2X Dual-core Smartphone
LG Electronics has released its LG Optimus 2X, the world's first smartphone with a dual-core processor.
Oracle Set To Report Strong 2Q; Hardware Remains Key Wildcard
Oracle Corp., one of the world's biggest enterprise software makers, is expected to report better-than-expected numbers, when it reports second quarter results today after the market closes.
UBS Starts GM with 'neutral' rating
UBS initiated coverage of General Motors with a 'neutral' rating and $37 price target, saying that the automaker has no near-term catalysts to move the stock.
Possible Ice Volcanoes Spotted On Moon Of Saturn
Scientists have found possible ice volcanoes on Saturn's moon Titan similar to those on Earth that spew molten rock.
Google Profit View Lifted At Benchmark Capital
Benchmark Capital raised its profit estimates and price target on Google Inc., citing the company's strong operating momentum in search business.
Novartis Clinches Alcon In $12.9 Bln Deal
Swiss drug maker Novartis will pay $12.9 billion to buy the remaining shares of Alcon it doesn't already own to broaden its presence in the booming eye-care market, which is expected to outgrow the pharmaceuticals market in coming years.
Amtrak Train Kills Three In California
An Amtrak train hit and killed at least three people on an overpass in the city of Commerce on Monday night, according to authorities.
Finance Executives See No Need for Additional Stimulus
A survey conducted by Association for Financial Professionals showed the executives do not believe that additional fiscal stimulus is necessary or desirable at this stage.
Gleacher starts Check Point Software with 'buy' rating
Gleacher & Co. initiated coverage on Check Point Software with a 'buy' rating and price target of $55 on potential benefits from growing network security market.
Thermo Fisher to buy Dionex for about $2.1 bln
Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.
Gawker Sites Hacked; More Than 1M Accounts Exposed
Gawker.com and other websites owned by Gawker Media were attacked by hackers over the weekend, prompting the sites to stop publishing new material and advise users to change their passwords.
Rodman and Renshaw starts Ballantyne Strong with 'market outperform' rating
Rodman and Renshaw initiated coverage of Ballantyne Strong, a maker of theatre and lighting systems, with a 'market outperform' rating, saying the shift of motion picture industry to digital bodes well for the company.
Geminid Meteor Shower To Peak Next Week
Brace yourselves to witness the most intense meteor shower next week as the Geminid shower, which peaks this year on December 13 and 14, promises to be the best celestial event of the year.
Sprint Could Buy Ntelos' Wireless Business: Analyst
Sprint Nextel, the third largest wireless carrier in the United States, could acquire Ntelos Holdings' wireless business.
Nvidia Set To Gain Share In High-End PC Graphics: Analyst
Graphics chip maker Nvidia may be turning the corner with better execution in PC graphics with the GTX 580/570/560 product family based on its new Fermi architecture.
AIG to repay NY Fed loan; Opens Door For Sale of Treasury Shares
Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.
Barclays starts Imperial Oil with 'overweight' rating
Barclays Capital initiated coverage of Imperial Oil with an overweight rating and a price target of C$46 per share, saying that the company's oil sands play has been undervalued by investors.
MasterCard Statement Regarding Site Issues
Global Payment firm MasterCard said it is experiencing heavy traffic on its external corporate website - MasterCard.com.
RIM downgraded at Gleacher
Gleacher downgraded Research In Motion to 'neutral' from 'buy,' saying it expects the company to lose share in the high-growth smart phone market as Apple and Android expand carriers and product breadth.
Amazon Vs. Google: Who Will Win E-Book War?
Google's launch of e-book store has put the search giant in direct rivalry with market leader Amazon, unfolding an interesting battle on cards in the coming days.
Intel downgraded at Standpoint Research
Standpoint Research downgraded chip maker Intel to 'hold' from 'buy' on valuation concerns.
