Search

Lindows.com and Microsoft today announced that the two companies have reached a worldwide settlement in the trademark-infringement cases between the two companies. "This case was centered on the fundamentals of international trademark law and our necessary efforts to protect the Windows trademark ag...

Despite strong earnings from a number of blue-chip technology companies, the Nasdaq tumbled to a two-month low Friday as the markets closed out a week marked by persistent questions about the economic recovery. The Nasdaq closed at 1,883.15, down 29.56, or more than 1.5 percent on the day, finishing...

Oil worries eased slightly Thursday, but uneven corporate earnings and outlooks that have yet to impress weighed on stocks as the market awaited news from another tech heavyweight. IBM was due to report its second-quarter earnings late Thursday. Earlier in the day, the decision by OPEC to go ahead w...

Terrorism fears rattled some markets around the world today as word that terrorists were reportedly eyeing the energy infrastructure of the U.S. drove oil prices back toward record levels again and helped drive stocks lower on the session. The markets managed to bounce off sessions lows, but finishe...

Stock remained stuck in neutral most of Tuesday as investors were awaiting an earnings report from Intel that many thought could help determine the relative health of the technology sector. Intel posted second-quarter results after the close of trading. The world's largest chip maker reported a prof...

Stocks ended Monday mixed, with the Dow posting meager gains. Even the Midas touch of Google -- which announced it would seek listing on the Nasdaq when it goes public later this year -- was unable to lift the tech-heavy index out of the red. Hurting the Nasdaq was a downgrade of the chip sector by ...

Stocks closed out the week with a mild rebound as some high profile earnings reports had better-than-expected news. General Electric beat its own forecasts for second-quarter earnings. Earnings at the company rose 13 percent with future orders rising 29 percent, prompting CEO Jeff Immelt to say the ...

Cisco Systems today announced a definitive agreement to acquire privately held Parc Technologies of London, United Kingdom. Parc develops traffic-engineering technologies and software for routing optimization. Parc is a spin-off that originally began as a research center focusing on search algorithm...

Stocks narrowly managed to halt a three-day Wall Street losing streak that began before the long weekend, as a modest rebound in technology shares helped buoy markets Wednesday. The session ended with investors looking ahead to the kickoff of earnings season as Alcoa and Yahoo both were slated to re...

The Nasdaq dropped more than 2 percent Tuesday and the Dow fell to its lowest levels in a month as warnings from technology companies combined with spiking oil prices to lead stocks lower. Stocks were down across the board, but the Nasdaq led the way, losing 2.15 percent, or 43.23 points, to close a...

Stocks limped to the end of the week on Friday, closing down for a three-day weekend with moderate losses across the board after a weaker-than-expected jobs report and warnings from some bellwether tech companies. Stocks traded lower all day, following the morning release of the June jobs report tha...

Investor worry that the oil supply to the United States could be disrupted heading into the long holiday weekend reverberated on Wall Street Thursday, when stocks went sharply lower. Oil prices were up more than 3 percent Thursday after gaining 4 percent on Wednesday when the U.S. announced a surpri...

Stock markets reacted favorably after the Federal Open Market Committee boosted interest rates by a quarter point and issued a statement that seemed to indicate gradual future increases were in the offing. The Fed did what most were expecting when it raised its target rate to 1.25 percent, the first...

A surge in consumer confidence helped pushed stocks higher Tuesday as investors were in a buying mood despite tomorrow's looming decision from the Federal Reserve on interest rates. All major indices finished higher on the day, although trading was a bit lighter than normal as institutional investor...

A looming decision on interest rates and earnings warnings from some key U.S. companies weighed on stock markets Monday, drowning out early-day optimism over news that the transfer of power to a sovereign Iraqi government had happened two days ahead of schedule. The markets roared out of the gate af...

Oil prices marked their largest one-week price drop in three months after a work stoppage at key Norwegian oil fields was resolved on Friday. Crude prices fell 41 cents a barrel to US$37.52 on the New York Mercantile Exchange and fell nearly 4 percent for the week. Oil was trading for $42 a barrel, ...

Surprisingly weak data on the sales of durable goods last month knocked the Wall Street off its short winning streak and boosted bonds as investors reconsidered the strength of the economic recovery. The Commerce Department said May orders for durable goods -- items that last more than three years -...

Oil prices dropped for the second straight day on news that inventories grew more than expected, while good earnings news helped lift U.S. stocks higher Wednesday. Crude oil prices fell after a U.S. report showed higher-than-expected inventory levels on hand heading into the peak of the summer vacat...

The technology and investment banking sectors helped boost stocks Tuesday as optimism about earnings pushed interest rate worries aside, at least for a day. Positive earnings reports from major Wall Street banks Goldman Sachs and Morgan Stanley and a stellar performance from handheld maker PalmOne h...

News that Iran had seized British naval vessels and sailors in the Persian Gulf rattled the U.S. stock market Monday, nullifying any positive impact from two major mergers in the banking and real estate sectors. The news from Iran overshadowed Wachovia's US$14.3 billion takeover of Alabama-based Sou...