The unveiling of a tool to help Facebook users find personalized results and trusted recommendations opens a door to new partnerships for the Web portal.
The photo-sharing site, which hoped to make money from pictures that users post, has dropped a plan to sell those images to advertisers.
The Dow loses all of an 82-point gain as Wall Street ramps up after Hurricane Sandy. Recovery prospects boost Home Depot and Lowe's. Apple sags on management turmoil. Cirrus Logic's Apple business boosts profits. Oil and gold move up.
Facebook is no upgrade from Web 1.0. It is Web 1.0. It is time to value it as such.
Disappointing results from 3M, DuPont and United Technologies set off broad selling. Downgrades of Spanish regions hit European stocks. Apple falls despite its new iPad. Facebook results cheer; Netflix do not. Oil falls below $87.
Stocks rally but retreat after the government says the unemployment rate falls to 7.8%, lowest since 2009. Apple, Zynga and Facebook lead a pullback. Crude oil falls below $90. Alcoa starts earnings season on Tuesday.
The social network announced a major milestone, and it's time to examine its meaning for investors.
The S&P 500 is up for a 4th day in a row. Jobless claims aren't as bad as feared. Google hits a new intraday high; Apple comes back from early lows. Gold finishes at an 11-month high. Coal stocks jump.
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