Some companies hit all-time records last month, while others missed forecasts.
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Once valued as high as $1 billion, the struggling social-networking site gets a deal for only $35 million.
News Corp. (NWS) has sold the social media site to an online advertising company called Specific Media. Although the price wasn't announced, the AllThingsD site reports that it was $35 million. That's well below the $100 million News Corp. initially wanted.
At one time, MySpace was worth a cool $1 billion. And News Corp. bought it six years ago for $580 million. Oh, how things have changed.
Check out the following video news report on the deal. Post continues after video:
Emerging markets are the rage these days.
Wherever you put your money, it’s important to stick to your investment discipline. As a value investor, I focus on three attributes: quality, growth and valuation. A quality company will have long-term-oriented, shareholder-friendly management; a competitive advantage that will protect its future cash flows from rivals; a high return on capital; and a strong balance sheet. Its business will also have a high recurrence of revenue, which will result in stable cash flows.
Investors looking for exposure to the now-strengthening tech sector should focus on these two stocks, which are likely to outperform even tech’s finest in the near term.
A painful multi-month decline in stocks and risky assets comes to a definitive end on key technical breakouts.
The sell-off in stocks and risky assets, which began with bank stocks back in February and spread like an infection in the months that followed, appears to be well and truly over. The end couldn't come soon enough. From its peak, the Dow Jones Industrial Average shed nearly 8% to its intraday low last week.
The catalyst for the rebound, as I've been discussing in my recent blog posts and columns, has been a turn in the economic data here at home as well as a vigorous response by European policymakers to the latest Greek debt problem. Home prices are moving higher again as sales perk up. And the index of leading economic indicators suggests that GDP growth is set to re-accelerate later this year. With sentiment so low, it's easy for the data to surprise markets to the upside. And that's precisely what's happening now.
As a result, the bulls have pushed stocks up and out of its two-month downtrend while haven assets like U.S. Treasury bonds plummet. In fact, T-bonds are falling with a violence not seen since last October -- a sign that investors are feeling confident. This, along with solid market breadth and other technical indicators, suggests this new uptrend has legs. Here's why.
Saving 10 cents a gallon sounds great until you consider what you'll give in return.
Just what we need, with months of road trips ahead of us. And it's just what Wal-Mart needs, too, as it tries to reverse its worst U.S. sales slump ever.
Unfortunately, the discount is good only at Murphy USA and Wal-Mart gas stations in 18 states, mostly in the heartland (full list here). California and the Northeast are out of luck.
So if you're in the right state, is this a good deal? As it turns out, what Wal-Mart gets in return more than compensates for any loss it takes from the discount. Let's go over what Wal-Mart receives from this promotion:
The 3,600-square-foot advertisement is part of Coca-Cola's mission to go green -- and make more green as a result.
Coca-Cola Co. (KO) is one of the most innovative companies on the planet. According to some accounts, Coke is responsible for the proliferation of the six-pack and even the image of the modern Santa Claus as we know it, thanks to its yearly holiday ad campaigns.
That spirit of innovation and creativity at Coke lives on in green business practices and environmentally friendly products for the 21st century. While Coca-Cola certainly does plenty of things to decrease its carbon footprint, perhaps none is more spectacular than its recent construction of a 3,600-square-foot living billboard.
Made from recycled bottles and thousands of tea plants, the billboard takes Coke's green streak to another level.
The Malaysia and Indonesia ETFs have been refreshingly stable while other global funds have slumped.
By Don Dion, TheStreet
Weeks of shaky action has taken its toll on investor confidence, leading many individuals to a "risk-off" mindset. Interestingly, as droves of people flee risky corners of the investing universe, many of these areas are starting to outperform.
For instance, Southeast Asia has become a shining region of the globe as developing nations including Malaysia and Indonesia pull ahead of developed countries such as the U.S., Canada, and the European Union. Using ETFs, investors have the opportunity to target each of these emerging leaders.
The Market Vectors Indonesia ETF (IDX) and the iShares MSCI Malaysia Index Fund (EWM) are the largest, most liquid options for individuals looking to take on exposure to these two Southeast Asian superstars.
Autos, energy and clothing offer the best ways to take advantage of a peak in commodities as we enter the second half of the year.
I think the answer is when we failed to create any jobs to speak of and became a suspect place in which to do business. It happened when our budget deficit became laughable, such that everyone knows that any other country with a balance sheet like ours would see its interest rates soar. I think we became this way once it was clear that China's tightening was more important than our loosening.
That's the bad news.
The good news is that with the sudden break in commodity inflation, we have a chance to create some wealth in the companies that export overseas and depend on emerging growth. That's because emerging-growth countries will stop being forced to slam on the brakes, as they have for most of this year.
The annual survey by CNBC says Virginia has a strategic location and friendly business climate.
CNBC has once again ranked all states to find out which is the best for doing business. Some of the categories include quality of life, a low cost for operating, economy, workforce, education and cost of living.
This time around, Scott Cohn reports, Virginia won the best point total in the history of the study.
Here's a rundown of all five top finalists and why they're so appealing to businesses, starting with Virginia:
The convicted Ponzi schemer says the judge who sentenced him was unfair and didn't understand the financial industry.
In interviews with The New York Times, the convicted fraudster is wallowing in despair. The judge that sentenced him, Denny Chin, could have picked a shorter prison term, he said. And being described as an evil monster is downright insulting.
"In my mind, Chin was anything but fair, with zero understanding of the industry," he said, adding that the judge made him "the human piñata of Wall Street" while bank and government officials received no prison punishment at all.
"Remember, they caused the recession, not me," he added.
The battery maker ends a key joint venture, opening up new opportunities in the energy grid market.
Pope Benedict XVI uses an iPad to send out his first message on Twitter.
Pope Benedict XVI tweeted for the first time today. "Dear Friends, I just launched News.va," he wrote. "Praised be our Lord Jesus Christ! With my prayers and blessings, Benedictus."
The News.va he wrote about is the new Vatican news site that includes articles, a calendar, radio and video from the Vatican's media services. The Pope used an Apple (AAPL) iPad today to launch the Web portal, which is in Italian and English, the site reports.
He sent his tweet from the Vatican News Twitter account, which only has about 14,200 followers (although that's up from 12,000 before the Pope's message).
The company is launching its first ad campaign for Pepsi-Cola in 3 years.
So finally, PepsiCo is focusing again on Pepsi, unveiling its first new advertising campaign for the brand in three years, The Wall Street Journal reports.
The problem is that unlike Coca-Cola (KO), which is mainly still a beverage company, PepsiCo has diversified to become a food and beverage operation. Frito Lay is its biggest profit engine, and it juggles a diverse line of brands, including Doritos, Lays, Gatorade and Tropicana.
The company's museum in Wisconsin pulls some strange items out of storage for a new exhibit.
The company has a vast archive of weird memorabilia and is putting some of it on display for a new exhibit in its Milwaukee museum. If you're looking for a summer road trip destination, Harley has it covered.
The new exhibit, called "Collection X: Weird, Wild Wonders of the Harley-Davidson Museum," include rare prototype bikes and a rocket engine for drone missiles in the Vietnam War, The Associated Press reports.
The museum also features a 1920s leather aviator face mask, a tiered "cake" from the early 1900s that displays racing trophies and handmade kidney belts for riders. There's a 1978 prototype of a liquid-cooled motocross bike and a three-wheeled cross between a motorcycle and a car.
The market seems to have moved too far too fast, which makes a short-term setback likely.
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[BRIEFING.COM] Just when it looks like the market is poised for a bigger recovery run, the sellers turn up again and knock it back. That has been the prevailing order of things since the last update as a downdraft on no news ensued.
To be fair, though, sellers haven't been allowed to take total control of the market today either. Losses have been pretty modest in scope for most of the session and the Russell 2000 (+0.3%) is actually up today, reflecting the relative strength ... More
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