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T-Mobile can breathe a sigh of relief: After an initial show of reluctance by MetroPCS Communication investors, 80 percent approved its sale to T-Mobile at a special shareholder meeting held on Wednesday. T-Mobile reportedly sweetened its bid for the company to bring on board those shareholders who ...
Shortly after 1 p.m. ET on Tuesday, the world just about ended as far as Wall Street was concerned, when the AP tweeted that President Obama had been injured by explosions at the White House. Within minutes, the Dow dropped 145 points. Shortly afterward, the AP reported its Twitter account had been ...
If Consumer Financial Protection Bureau Director Richard Cordray ever imagined that House of Representatives Republicans would eventually warm up to the bureau, that hope has surely been dashed by now. Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, on Monday sent a...
The market is popping champagne corks over Netflix's latest earnings report. A day after the company delivered boffo results and beat Street expectations for the first quarter, its stock has soared by some 25 percent. Among the goodies in Monday's report: Netflix posted net income of $3 million, com...
Activist investor ValueAct Capital has invested US$2 billion in Microsoft, according to a report on CNBC Monday morning. Wall Street immediately reacted, driving the company's share price to $31.18 from its usual perch at $30.27 per share. That is the highest level the stock has since in the last se...
eBay posted solid first-quarter earnings on Wednesday, but the company underperformed based on projections by Wall Street. eBay then delivered guidance that did not meet the mark, doubling investors' disappointment. As a result, they are casting worried eyes toward eBay's future. "eBay, though ec...
Apple's stock took another hit on Thursday, sinking to a dismal $392.25 by the closing bell. Fears have been mounting about Apple's place in the world, and they were heightened earlier this week by a report from a key supplier, Cirrus Logic, which posted a disappointing revenue forecast. On Wednes...
Yahoo's latest earnings report was a mixed bag, and Wall Street didn't seem to know how it should react. Following Tuesday's report, the company's stock dropped slightly on Wednesday, then rose slightly and ended the day a tiny bit ahead. On Thursday, Yahoo shares were off by about 2 percent mid-day...
Twitter has officially announced its forthcoming push into the digital music space. After weeks of rumors, including one that promised such a service would officially launch over the weekend, Twitter has announced that something, indeed, is coming. On Friday, Twitter made public its music website. T...
Foursquare, the poster child for check-in tech when the trend was hot, announced this week that it has raised $41 million in a new financing round. The funding was provided by private-equity firm Silver Lake and existing investors Andreessen Horowitz, O'Reilly AlphaTech Ventures, Spark Capital, and ...
Google has submitted a formal set of remedies to the EU Competition Commissioner, which will be shared with competing companies and customers as part of the settlement negotiations. The remedies that Google has suggested have not yet been made public, but reading between the lines of Commissioner ...
Bitcoin's meteoric rise has pushed it over the $200 mark. Five days ago, the open source peer-to-peer digital currency was trading at $150, a level that alternately wowed and worried speculators. Two months ago, it was worth about $20. Bitcoin's sudden ascent has fueled talk of a bubble -- and not j...
HTC announced earnings for the first quarter of 2013 that were decidedly not pretty. Its net profit dropped some 98 percent -- the lowest quarterly earnings for the company since its launch in 2006. HTC posted $1.4 billion in revenue for the quarter ending March 31, 2013, a 37 percent drop year over...
Apple may be moving closer to launching a streaming music offering, or "iRadio," as it's known in the rumor mill. The company is reportedly on the verge of striking a deal with two major music labels and has introduced a new sweetener to the negotiations to address a sticking point: the per-stream r...
Tablets, especially lower-priced tablets, are on track to overtake PCs within the next few years, according to new projections from Gartner. PC, tablet and mobile phone shipments are forecast to reach more than 2.9 billion units in 2017, but the mix will significantly change in the intervening year...
Windows 7 is the most popular desktop operating system, with 44.73 percent market share, according to Net Applications' March report. Windows 8 is not even a close second -- old standby Windows XP is. Though Microsoft released Windows 8 with great fanfare last October, it hasn't developed much tract...
Walmart reportedly wants to get the jump on e-tail competitors such as Amazon by widely offering same-day delivery for online purchases. Instead of contracting with a shipping provider, it would use one of its most plentiful and never-ending resources: the customers who stream into its 4,000 stores ...
Walmart ratcheted up the e-competition a notch with the announcement Tuesday that it would soon begin offering a locker service similar to the one Amazon recently rolled out. There appear to be few differences between the two offerings: Both provide secure locations, available 24 hours, where consum...
After six years of watching helplessly as competing providers basked in the iPhone's glory, T-Mobile is going to start offering the coveted device as well. The carrier made the much-anticipated announcement at an event Tuesday morning, where it also revealed plans to step up its 4G network rollout. ...
As initial public offerings go, Marin Software couldn't have asked for much better than its Friday debut on the New York Stock Exchange. Late Thursday, it priced its stock at $14 per unit, higher than the anticipated range of $11-$13. Then it sold 7.5 million shares -- half a million more than origi...
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