Since she joined in July 2012, CEO Marissa Mayer has acquired dozens of startups.
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The US Postal Service's proposed hike could bite into Netflix's profits -- possibly to the tune of $50 million.
Postal rates are likely headed up in January. The price of a first-class stamp could rise from 44 to 46 cents, if a request by the U.S. Postal Service is approved.
The sting could be particularly painful for Netflix (NFLX), which may have to pay as much as $50 million a year in increased postage, NewTeeVee reports.
The postal service is proposing a 7% rate increase for media or library mail, which is the category that Netflix likely falls into, writes Ryan Lawler.
A federal jury rules for 'Millionaire' creator Celador International. Disney will challenge the award.
A federal jury on Wednesday awarded "Who Wants to Be a Millionaire" creator Celador International more than $269 million in damages, ruling that Disney and its family of TV companies failed to "perform the obligations of the rights agreement" of their contract that brought the game show to the U.S.
The jury awarded the British producer more than $260,238,024 for revenues from the network license fee, plus $9,193,774 in revenues from merchandising.
"We believe this verdict is fundamentally wrong and will aggressively seek to have it reversed," Disney said in a statement.
The electric-car maker had a red-hot IPO, but shares have dropped below the offering price.
Shares of the electric-car company soared 40% on its first day and climbed higher the second. But in less than a week, the stock would come crashing down below the $17 IPO price. Wednesday, shares are in the $15 range.
"It’s a black eye for any IPO to fall so quickly below its offering price," writes The Los Angeles Times. The fast turnaround is making some wonder if the underwriting team placed the shares with flippers who wanted out quickly, Tom Petruno adds.
'Avatar' boosts earnings, and the company doubles its worldwide expansion efforts.
The company announced Wednesday that for the second quarter, its gross box office worldwide was $115 million. That's a 37% increase from last year's second-quarter box office of $84.2 million.
Though much of the box office growth can be attributed to the success of "Avatar," chief executive Richard Gelfond said that even excluding the 3-D blockbuster, per-screen average through the first six months stands at $647,000. That's a 13% increase over the prior-year period.
The company's CEO travels the world to win back the confidence of oil partners and investors.
That could start to change, as BP launches what one investor calls a "charm offensive" to win back the hearts of the market and partners. We know BP already has the "offensive" part nailed down. What about the charm?
Hayward is flying around the world to tell countries that it's business-as-usual for BP, The Wall Street Journal reports. He's also assuring them that BP won't sell major assets to come up with the money for its U.S. liabilities.
The latest ISM index data doesn't give bullish investors much to cheer about, but the modest growth may defy fears of a double-dip recession.
By Eric Rosenbaum, TheStreet
On Tuesday morning, it looked as if the markets were ready to discount any negative data points, with a triple-digit gain in the Dow Jones Industrial Average ($INDU) quickly attained. The markets raced ahead even though the latest data from the Institute of Supply Management non-manufacturing index was sluggish, at best.
However, by the end of trading on Tuesday the big market gains had been pared back to modest levels, and the debate continued for another day as to whether investors expected a double-dip recession and would continue to de-risk their investment portfolio.
The ISM non-manufacturing index became the latest economic pawn of the double-dip recession debate on Tuesday. Non-manufacturing activity grew at a slower rate in June than expected, but that sluggish growth rate was the expectation of many market watchers. The dip in the ISM non-manufacturing index was greater than forecast -- to a level of 53.8 -- worse than the expected drop to 54.9 from May's reading of 55.4.
After years of obscurity, the seller of Samuel Adams brands is eroding the market share of bigger brewers.
By Jake Lynch, TheStreet
The S&P 500 ($INX) has fallen 7% this year. Even comparatively safe blue-chip stocks have been battered in the sell-off. The Dow Jones Industrial Average ($INDU) has slumped 6%. Yet, shares of Craft Brewers Alliance have doubled and those of Boston Beer have surged 42%. Although valuations are now stretched, these beer companies still offer recession-resistant growth.
The bullish case for Craft Brewers was outlined in last week’s Radar column. That for Boston Beer follows:
As the BP oil spill disaster takes a welcome turn for the better, the time is ripe to pick up these pummeled oil drilling stocks.
By Daniel Dicker, TheStreet
Of all the energy names that have been mercilessly hammered during the stock market's recent moderation, no group has been more beaten up than the drillers.
And it is here that perhaps the greatest opportunity lies, in a sector that has been universally sold based on the sinking of the Transocean Deepwater Horizon rig and subsequent Gulf of Mexico oil spill.
Prices have dropped, and the current bust might give way to a boom next year.
No secret that commodity prices have plunged on fears that global economic growth is fading. Or in the case of China, slowing from near 12% annually to something like 8% or 9%.
And no secret that the prices of commodity stocks have plunged as well. Shares of copper, gold, and molybdenum producer Freeport McMoRan Copper & Gold (FCX) are down almost $30 from their April 5 high as of the close on Tuesday. That's a drop of 33% in three months.
But commodity producers, especially copper producers, are starting to talk about a actual commodity shortages in 2011 because commodity producers are responding to current low prices by slowing expansion plans or putting off opening new production completely.
The financial-reform bill in Congress aims to protect consumers, just not when they buy cars.
You'd think that car buying would be a good fit with the new consumer protection agency that's part of the financial-reform bill in Congress. But no. The nation's auto dealers fought back hard, and as a result the new agency will leave them alone.
How could this happen? James Surowiecki has a nice explainer piece in the New Yorker. Auto dealers succeeded by convincing Congress that they were not part of Wall Street. Instead, they portrayed themselves as American as apple pie, and really, who could be mean to pie?
After selling more than 3 million units, the company fires up its output to meet demand.
By Scott Moritz, TheStreet
Talk about a heat wave.
With no cool-down in sales in the forecast, Apple (AAPL) is raising its iPad production for July.
It has ordered its Taiwan manufacturing partners to boost output to between 2.3 million and 2.35 million this month, according to a DigiTimes report.
The stock trading we're seeing these days would probably cause concerns for legendary money managers.
By Jim Cramer, TheStreet
OK, not really. These investing gurus passed away more than two decades ago. But let's try to imagine such a scenario.
In my mind, we would play a round a golf. They would talk about the looming Death Cross -- the intersection formed by the 50-day moving average falling below the 200-day moving average, traditionally thought to signal a bear market -- in the S&P 500 ($INX) and how it was spooking them out of their growth positions.
Over on the 19th hole, while having a couple of cold Tecates, the two wise men would lament that they had to sell stocks they had bought for 50 cents that were now worth a dollar. Dodd would say "the lines had crossed -- it's all over."
I think the market is in the tank because we're all suffering from a collective malaise.
A funk is a state of depression, and that seems to be what the country has lately. Nothing seems to be going right. It's not any one reason. It's just a series of bad news reports that seem to have a cumulative effect, so we got the funk.
The housing market is in the toilet. That's the only way I can describe it. I just returned from south Florida, and news reports there say that more than 50% of the homes are "under water."
I talked to a guy who thought he had a bargain dream home that he bought just five years ago for $200K. It's 1,000 square feet, 3 bedrooms, 2 baths on a 125 x 125 foot lot. Houses in his neighborhood are all being listed for under $100K, and banks have had some short sales for between $45K and $75K. He doesn't feel good about his investment.
Be careful when economic data and the stock market travel in opposite directions.
Value Line Index -- Contains 1700 stocks, so I think it is a better representation of the market than the narrow S&P 500 or even narrower Dow 30 -- Very ugly this week
- Sell signals on 12 of the 13 Barchart technical indicators for a 96% overall sell signal
- Down 6.32% for the week and 8.54% for the past month
- Friday closed below its 20, 50 & 100 Daily Moving Averages
- Trend Spotter sell signal
- Closed Friday at 2193.31 -- Way below its 50 Day Moving Average of 2422.33
The company says it was 'stunned' to discover a software flaw in its iPhone 4.
Apple gave a long-winded apology, saying it was "stunned" to discover that it completely blew the way it displayed signal bars on the phone. So to fix it, Apple is adopting a formula from AT&T (T).
How is this revelation-slash-apology sitting with Apple fans and tech observers? Not too well.
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The photo-sharing site only has 10 employees, and it may be up for grabs.
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[BRIEFING.COM] There wasn't a lot of excitement in the stock market today and there is nothing wrong with that. After rallying in broad-based fashion on Friday, the major indices stood their ground (for the most part) amid a lack of conviction from buyers and sellers alike.
Today wasn't a case so much of the stock market going up as it was a case of some influential stocks going up to keep the major indices on a winning path. In fact, decliners were just about even with ... More
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