Since she joined in July 2012, CEO Marissa Mayer has acquired dozens of startups.
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We're in an absurdist moment now as the market swings too far against everything.
Tough crowd, these bank followers. I couldn't believe the dive that Bank of America (BAC) stock took when only half the headline had first come out, as if the earnings per share of any bank -- let alone one with charge-offs and gains galore -- could be trusted.
We are in an absurdist moment right now. The companies showing the best growth in my whole universe aren't financials, they aren't techs, and they aren't biotechs for that matter.
They are oil and gas plays. EOG Resources (EOG), Whiting Pete (WLL) and Continental Resources (CLR) -- all three Bakken plays -- are clean-up hitters. Their numbers are remarkable. I had Carrizo (CRZO) on my show this week, just another plain-vanilla oil and gas company, and it is putting up high double-digit growth in some fields. Of course, it is all technology -- horizontal drilling exploiting old fields for new gains.
The bank's investors may have been skittish about revenue weaknesses, especially in this lending market.
Technology writers say it's too early to buy the PlayBook tablet, which is missing some key features. With video.
The PlayBook goes on sale April 19, and unfortunately the early word isn't completely positive. The tablet is getting praised for a gorgeous screen and solid hardware, but reviewers have hammered the PlayBook for shipping without complete features (like the ability to handle email -- email! -- on its own.)
Walt Mossberg, the go-to source for gadget reviews, says he can't recommend the PlayBook over a fully standalone tablet, except maybe for people whose BlackBerry devices never leave their sides. That's because you need a BlackBerry phone in order to do basic tasks on the PlayBook, such as checking mail, looking at your calendar or chatting over the Messenger system.
Post continues after this fun video review of the PlayBook:
A 2-year investigation into Wall Street's part in the financial crisis points fingers at Goldman and its chief executive. With video.
And now some findings in the 639-page report could lead to criminal or civil prosecution by the Justice Department and regulators. You can read the report here (.pdf download).
A Senate panel has finished a two-year investigation into the financial crisis, looking at internal memos, emails and employee interviews, according to The Los Angeles Times. There's plenty of blame to go around here. Investigators found "heedless risk-taking," conflicts of interest and oversight failures.
There are also plenty of bad guys, and Goldman is at the top of the list. The panel's chairman, Sen. Carl Levin, D-Mich., said Goldman misled its clients and Congress.
Post continues after this video about the Senate report:
Given the strong technicals, we can define a good entry and exit strategy for each.
The car-sharing company, a leader in its sector, blows past its initial offering price of $18 a share. With video.
Investors seized the hottest initial public offering of the week by far, pushing its stock price to $30 when the market opened. By midday, however, the stock had fallen to $28.30 -- still a nice haul for Goldman Sachs (GS) and JPMorgan Chase (JPM), which managed the offering.
The IPO was widely anticipated by investors, mostly because Zipcar has a strong brand and a firm position in the car-sharing industry. Users reserve cars by phone or computer and then pick up the cars using keyless-entry cards. The service has taken off like a rocket at college campuses and 14 major cities, and the company hopes to expand several times over.
"Zipcar is trading well because it is establishing a new market and they are profitable in a number of their early markets," one analyst told The New York Times. The IPO raised $174.3 million for the company, Reuters reports.
Post continues after this video interview with Zipcar's chief executive:
The console's cost could be cut to $150. If the report is accurate, this will be only the system's second price cut since it debuted at $250 5 years ago.
By Rick Munarriz
A trusted yet unnamed source tells tech blog Engadget that Nintendo plans to drop the price of its Wii to $150 on May 15.
If the report is accurate, this will be only the system's second price cut since it debuted at $250 five years ago. Sony's (SNE) PS3 and Microsoft's (MSFT) Xbox 360 have taken more aggressive markdowns, but they also were introduced at much higher price points.
Investors can use a number of exchange-traded funds to offset inflationary pressure.
By Don Dion, TheStreet
Despite reassurance from the Federal Reserve, factors such as rising commodity prices and the decline of the U.S. dollar have led some analysts, market commentators and investors to question whether inflation will threaten the economic recovery.
Thanks to the rapid expansion of exchange-traded funds, individuals have numerous ways to protect themselves.
Gold has traditionally been a go-to resource for investors concerned about inflation. In the past, when the purchasing value of the dollar has chipped away, the yellow metal has become a welcome source of stability. In recent years, interest in gold has taken off as prices have ascended to all-time highs.
Investors want to hear the new CEO's plan to sharpen the search giant's innovative edge when the company reports earnings after Thursday's close.
By James Rogers, TheStreet
As Google (GOOG) kicks off tech earnings season with the release of its first-quarter results after the bell Thursday, new CEO Larry Page -- presumably speaking on the company conference call at 4:30 p.m. ET -- will set the scene for a new era in the search giant's history.
Page is taking Google's reins at a critical juncture for the lumbering tech firm, which while securing its spot as the market leader in search has fallen behind other, more nimble Silicon Valley techs like Facebook.
Just a week into his new gig, Page streamlined Google's management and identified six core product channels, which include mobile, social networking and video. Investors will be looking for more about Page's strategy. They're also likely be looking to hear how Google plans to expand its core search capabilities, which account for about 90% of the company's overall revenue.
It's hard to rally when the headlines are all about how banks colluded on this or cheated on that and need to be investigated further.
If we decide that JPMorgan Chase (JPM) and Alcoa (AA) are all that matter and that the hot IPOs, the Graham Packaging (GRM) deal and the decline in oil don't matter, we are in for a long day -- even as I could spin all of that in an incredibly positive light.
Still, I have to tell you, I had a pit in my stomach when I read that Sen. Carl Levin, D-Mich., has a report out charging that Goldman Sachs (GS) misled Congress during the financial crisis.
I said to myself: "No, you see, Lehman and Bear Stearns and Washington Mutual and Fannie and Freddie misled everyone, and Goldman was the one left standing and is therefore the target."
To recapture its lost edge, Cisco Systems needs to do more than kill its Flip camera division.
Apple's Smart TV could make its debut later this year, according to analyst firm Ticonderoga Securities.
By James Rogers, TheStreet
"At a China electronics trade show today, we picked up data points that are suggesting a Smart TV launch by Apple could occur near the end of this year," said Brian White, an analyst at Ticonderoga Securities, in a note released on Wednesday.
Apple overhauled its Apple TV device last year, adding streaming content from Netflix (NFLX), Google's (GOOG) YouTube, Flickr and MobileMe. But rumors have surfaced about an Apple-branded Smart TV, prompting talk that this could be Apple's next big product area.
Mike Lazaridis calls off a chat with the BBC after deciding the questions were unfair.
The co-chief executive of Research In Motion (RIMM) abruptly ended an on-camera interview with the BBC because he thought the journalist's questions were unfair. Click here to see the interview.
The interviewer asked Lazaridis about Research In Motion's recent problems with governments in the Middle East and India over the security of the BlackBerry platform. The governments want decryption tools to be able to monitor messages sent from BlackBerry devices.
Lazaridis got prickly as soon as the subject was approached by Rory Cellan-Jones. "You implied that we have a security problem. We don't have a security problem," Lazaridis said. "We've just been singled out because we're so successful around the world."
The US taxes companies that repatriate foreign profits. Here are the ones with the biggest hoards.
Fortune asked an accounting expert to find the companies with the most cash parked on foreign soil, and his top result should be no surprise: General Electric (GE). The company is awash in controversy these days for allegedly not paying any U.S. corporate income tax for 2010 (the company denies that but isn't saying what amount it did pay).
GE has a very aggressive tax team, led by a former Treasury official, and has spent decades trying to cut its tax bill. Fortune's accounting expert thinks the company has about $94 billion in untaxed foreign profit.
Post continues after this video about a proposal to give companies a tax break on bringing foreign profits home:
A Canada-related fund offers a conservative international play.
By Don Dion, TheStreet
This year Canada has become a beacon of strength as clouds remain gathered over many parts of the developed and emerging world.
Thanks to stability from its financial system and its expansive exposure to energy and other natural resources, ETFs designed to target our neighbor to the north have managed to outpace not only the SPDR S&P 500 ETF (SPY) but also the broader internationally focused Vanguard Total World ETF (VT).
Recently, Canada's economy received a vote of confidence when the International Monetary Fund boosted its outlook for 2011. According to a report from the Globe and Mail, the IMF expects Canada to grow 2.8% this year, up from 2.3% previously. Although this marks a considerable decline from the forecast 4% growth witnessed during the first quarter of 2011, the article notes that this was the largest upward revision seen in the IMF's report.
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[BRIEFING.COM] Recent action saw equity indices return towards their lows after the Nasdaq made a brief appearance in positive territory. Overall, the losses remain limited in scope as the S&P 500 (-0.1%) trades inside of a four-point range.
At this juncture, there are just three sectors-consumer staples (-0.7%), telecom services (-0.5%), and utilities (-0.7%)-sporting losses larger than 0.3%, but only the staples sector is large enough to have a say in the direction of the broader ... More
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