Steve Ballmer takes 4% stake in Twitter

Los Angeles Clippers owner and former Microsoft CEO Steve Ballmer has taken a 4% stake in Twitter over the past few months, he said in a tweet on Friday. In

Read More

Netflix shares fall after U.S. subscriber growth misses forecasts

Netflix shares fell sharply in after-hours trading after the streaming video provider’s third quarter subscriber growth and revenue fell short of Wall Street expectations. The Net TV company’s profit of

Read More

Wall Street builds case for year-end stock rally

After the stock market’s first 10% drop in four years in late summer and fall rebound that followed, a growing number of Wall Street pros are making the case for

Read More

Stocks mostly higher as rally rolls on

Stocks are basically higher Friday as the post-correction rally rolls on amid signs U.S. companies will top low third-quarter earnings estimates and the growing belief the Federal Reserve will hold

Read More

GE earnings top Wall Street forecasts

General Electric’s (GE) third-quarter financial results topped Wall Street expectations Friday as the U.S. conglomerate posted improved earnings amid continued moves to refocus on its manufacturing roots. Shares of Connecticut-based

Read More

Goldman Sachs earnings trounced on trading woes

Rollar-coaster markets in August and September just dinged another big bank: Goldman Sachs, which said revenue in some segments fell a whopping 33% as investors lost confidence and stepped back

Read More

Valeant subpoenaed over drug pricing

U.S. prosecutors have subpoenaed Valeant Pharmaceutical International (VRX) for information about the drugmaker’s drug pricing and distribution policies, as well has how the company helps patients pay for the medications.

Read More

Southwest fares drop below $100 round trip in 72-hour sale

Southwest rolled out a 72-hour, nationwide fare sale Tuesday (Oct. 13) in which the prices of its flights are roughly based on distance. Dozens of the carrier’s shortest routes are

Read More

GE to sell $30B lending and leasing firms to Wells Fargo

General Electric (GE) has agreed to sell $30 billion in commercial lending and leasing businesses to Wells Fargo (WFC) as the famed U.S. conglomerate shifts focus back to its manufacturing

Read More

Facebook tests video feed in challenge to YouTube

Facebook is testing a new feature that lets people exclusively watch video in a fresh challenge to Google-owned YouTube to become the No. 1 online destination for video clips. The

Read More

Condé Nast buys indie music website Pitchfork

Condé Nast said Tuesday it has acquired Pitchfork Media, adding to its large magazine portfolio the iconic online publication that ushered indie music into the mainstream. For Condé Nast, the

Read More

Twitter to lay off up to 8% of workforce

Twitter said Tuesday it would jettison up to 336 people — roughly 8% of its workforce — as part of a restructuring CEO Jack Dorsey says will place the social

Read More

AB InBev and SABMiller ink $104B ‘in principle’ deal

Anheuser-Busch InBev and SABMiller said Tuesday they have agreed in principle on sweetened terms of an all-cash takeover offer that could dramatically alter the global beer market. The offer, Belgium-based

Read More

Dow hot streak over? Stocks sag toward closing bell

The Dow inched back into positive territory as it looks to extend its winning streak to eight sessions despite fresh data showing China’s economy is slowing and investor angst ahead

Read More

J&J reports mixed results, $10B share buyback

Johnson & Johnson (JNJ) reported mixed third-quarter earnings Tuesday as the pharmaceutical giant also announced plans for a $10 billion share buyback program. J&J shares were down 1.56% at $94.49

Read More

Stocks end higher, Dow notches 6-day win streak

The Dow extended its rebound rally off its recent correction lows to six sessions as stocks keep heading higher following the release of minutes of the Federal Reserve’s meeting last

Read More

SEC accuses NY trading firm of “spoofing”

A New York trading firm and its co-founder have agreed to a more than $1 million Securities and Exchange Commission settlement over profiting from alleged financial market manipulation known as

Read More

Correction losers win big in stock rebound

In the recent rebound rally on Wall Street, the stocks that got beat up the most in the first 10% correction since 2011 have gone up the most. “This has

Read More

‘Ransomware’ a game-over scenario unless you have backups

This year’s most depressing reader e-mail took the form of this testimony from a victim of “ransomware” — malware that encrypts files on your computer, then demands an extortionate sum

Read More

Twitter to have major layoffs next week, report says

Twitter is planning layoffs next week, according to technology news outlet Re/code. The cuts will be made company wide, Re/code said. “We’re not commenting on rumor and speculation,” Twitter spokesman

Read More