The $19 billion WhatsApp deal could become the Facebook founder's legacy . . . or his albatross.
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Many fans of the photo-sharing app are dismayed that the social network acquired Instagram for $1 billion. But maybe it's not such a bad deal after all
On Monday, Facebook gobbled up photo-sharing app Instagram, which was last valued at half the $1 billion the social networking giant paid for it.
But what seemed like a coup for the photo app's founders was met with derision from Instragram devotees: A number of passionate users in the 30-million-strong community took to Twitter in outrage, with many threatening to abandon the service because they fear Facebook will "ruin" it. But Facebook's Mark Zuckerberg claims that his company is "committed to building and growing Instagram independently."
Powering the majority of 3G wireless devices, this tech stock is a buy for growth and for income.
While Apple's dividend has garnered a lot of attention, one tech stock that has been ahead of the curve in terms of giving shareholder dividends is Qualcomm (QCOM).
The company has paid a quarterly dividend since 2003. Reflecting strong operating performance, the company recently boosted its dividend 16% to a quarterly rate of 25 cents per share.
The absolutely predictable return of the crisis has caught eurozone leaders without even the beginning of a plan.
It's OK to warm up to the new-issues pipeline.
Everybody's picking on the new kids these days.
"A new-issues craze is always the last stage of a dangerous boom," John Rothchild once wrote in The Davis Dynasty, and that sentiment was echoed by WhopperInvestments.com yesterday in calling out the recent market enthusiasm for IPOs.
The financial services company unveils an exchange offer for two series of debt.
By Zacks Equity Research
Discover Financial Services (DFS) has announced an offer to exchange its outstanding 10.25% senior notes, due 2019, and 6.45% senior notes, due 2017, with new senior notes, due 2022. The old notes have an outstanding principal of $400 million, a portion of which will be reimbursed in cash.
The new notes will be issued for a minimum aggregate principal value of $250 million. Moreover, the 10.25% senior notes will get priority during replacement. While all of the 10.25% notes will be replaced, the 6.45% notes will only be exchanged if the principal value of the new notes, issued in place of the 10.25% notes, does not exceed $250 million.
Only one other company has hit that milestone before.
Updated: 4:12 p.m. ET
Apple (AAPL) became the world's most valuable company earlier this year, but that wasn't enough. The stock has surged ahead since then to hit another milestone.
The company's value hit $600 billion Tuesday. Only one other company has ever done that before. Microsoft (MSFT) reached a peak value of $619 billion during the heady days of the tech stock boom in 1999. Now, however, Microsoft is only worth $260 billion. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
Apple was able to top $600 billion after seeing its shares climb to $644 Tuesday morning, The Associated Press reports.
Once the undisputed leader of national Italian restaurant chains, Darden's star property is facing pressure to sustain long-term growth.
It was priced at the low end of casual dining, perhaps above the bar and grille sub-segment, which is the traditional leader of low-end dining.
Stocks on Wall Street were lower at midday, threatening to extend the market's slide to a fifth straight session.
After the wholesale inventories report for February the averages began to weaken. The selling accelerated in the last hour, pushing each of the major indices to session lows and down over 1%.
With earnings reports and possible credit downgrades looming ahead, big bank stocks will need to weather short-term headwinds.
By Tom Aspray
Alcoa, Inc. (AA) is set to kick off earnings season after the close Tuesday, but many investors are even more interested in the earnings from the big banks. The focus intensified in late March when ratings agency Moody's said it would decide in mid-May whether to lower the credit ratings of 17 global financial companies.
The most vulnerable seems to be Morgan Stanley (MS), which could have its credit rating lowered to well below that of main rival JPMorgan Chase (JPM). Bank of America (BAC) and Citigroup, Inc. (C) are also being watched closely.
Has the value of its business somehow nearly doubled overnight as a result of the transaction? Hardly.
The news that AOL (AOL) is selling a portfolio of some of its most valuable intellectual property -- its patents -- to Microsoft (MSFT) for nearly $1.1 billion unleashed a rally in its share price that left the Internet media company's stock up an astonishing 43% Monday.
Our minds are wired to hate losses much more than we love gains.
By Igor Greenwald
How much of our current wealth should we risk in pursuit of additional wealth? How many birds in the bush is the one in hand worth?
It turns out that the proverb has it about right. In 1963, MIT economics professor Paul Samuelson wrote a paper describing a bet he'd offered to a colleague: a $200 gain for winning a coin flip vs. a $100 loss for guessing wrong.
Experts offer their stock picks in the technology, coffee and energy industries.
Interested in the technology, coffee and energy sectors? The Zacks panel of experts offers its stock picks for these sectors in the following video post.
Plus, the panelists explain why Q1 earnings season may be different than previous ones.
Investors are giving the company a second look.
The parent of Acme Markets, Albertson's, Save-A-Lot and Shaw's said that its earnings for the 2013 fiscal year would be $1.27 to $1.42 per share on revenue of $35.0 billion to $35.5 billion. Analysts had expected $1.19 a share on revenue of $35.3 billion. Shares of the Minneapolis company soared 19% at one point in early trading. Unfortunately, the long-term prospects for SuperValu are still lousy.
Dell is upgraded to 'equal weight,' and TiVo is initiated with a 'neutral.'
Tuesday's noteworthy upgrades include:
- AIG (AIG) upgraded to Outperform from Market Perform at Wells Fargo
- Dell (DELL) upgraded to Equal Weight from Underweight at Morgan Stanley
- Harley-Davidson (HOG) upgraded to Buy from Neutral at Citigroup
- Lions Gate (LGF) upgraded to Overweight from Equal Weight at Evercore
- KB Home (KBH) upgraded to Neutral from Sell at MKM Partners
A California family says it's owed $130 million from the company after finding an ancient stock certificate at an estate sale.
That's the story that Tony Marohn's family is sticking with -- and it wants Coca-Cola (KO) to pay up. Marohn bought an antique Palmer Union Oil Co. stock certificate in 2008 for $5, and his family now says the certificate is worth $130 million in Coca-Cola shares.
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
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[BRIEFING.COM] S&P futures vs fair value: -5.30. Nasdaq futures vs fair value: -10.80. U.S. equity futures hover near their pre-market lows amid cautious action overseas. The S&P 500 futures trade five points below fair value. Also of note, copper futures have extended their recent weakness and now trade lower by 0.6% at $2.933/lb.
Reviewing overnight developments:
- Asian markets ended lower. China's Shanghai Composite -0.2%, Hong Kong's Hang Seng -1.8%, and ... More
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