Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Continue reading Dow Dives …
IBM reported earnings of $2.82 per share for the third quarter, compared with $2.40 a year ago. Analysts were expecting EPS of $2.75, according to Thomson Reuters. Global services revenues of $9.5 billion were well below the $1…
Rumors are circulating that Oracle is considering buying data storage giant EMC for $50 billion. There are four tests to determine whether a merger has a chance to succeed: Does this one pass or fail?
Continue …
FourSquare co-founder Dennis Crowley predicts credit cards may soon link to social networking websites, and consumers may be incentivized to actively promote advertisers’ products and services.
Continue reading…
Regardless of where the index stands, since the Dow gets so much attention, it’s interesting to note how its components are pushing and pulling on the measure. Let’s look at how the various component stocks are performing.
…