Company News

HP prepares to announce mass layoffs

Hewlett-Packard will lay off around 25,000 employees, but that may not help it fix its core problems: slumping sales and lackluster innovation. More

Facebook IPO blunder adds to Morgan Stanley woes

In the past few years, Morgan Stanley has leveraged its investment bank more and more toward technology IPOs. Now its reputation in that area is in trouble. More

Have massive tech layoffs done any good?

Some of the tech sector's ailing giants have been freely handing out pink slips over the past several years, with varying degrees of success. More

Groupon customers offered class action payout over expiration dates

The expiration date lawsuit against Groupon alleges, among other things, that the company imposed illegal deal restrictions that violate gift-card laws. More

Welcome to spaceport Lockheed

To the moon and beyond: Lockheed Martin is prepping the launch pad for the future of space travel. More

Facebook stock plunge is 'day trader's paradise'

Facebook has attracted a rash of stock flippers -- investors who quickly buy and sell a stock in the hopes of making a quick profit. More

How Alcatel-Lucent made the Internet 5 times faster

Alcatel-Lucent's new 7950 XRS core router is a big challenger to Cisco and Juniper's dominance in the market. More

Dell stock down 13% on weak earnings

Dell's stock falls sharply in premarket trading after it misses earnings' estimates and sales forecasts are below expectations. More

Google seals $13 billion Motorola buy

Google says it bought Motorola for its patents, but its ambitions look far grander. More

Facebook plunges 18% below IPO price

Facebook stock drops again Tuesday, slipping below $31. The stock falls 18% from its IPO price. More

Social media superstars

Wal-Mart, Starbucks, and Nike are among the Fortune 500 companies worth following online. More

Facebook scraps its paper stock certificates

Facebook included this stock certificate mock-up in its IPO filing, but it no longer plans to issue paper certificates. More

Ellen Kullman: The best advice I ever got

The chairman and CEO of DuPont shares some fatherly wisdom on how to invest yourself into growing a business. More

Cable companies to expand free Wi-Fi

Comcast, Time Warner Cable, Cablevision, Bright House and Cox all agreed to allow customers roam on one another's free Wi-Fi hotspots. More

JPMorgan's Dimon: Losing trades were 'isolated event'

JPMorgan's Jamie Dimon said the market will forget about the bank's multibillion trading loss by the end of the year. More

Facebook trader: Nasdaq 'blew it'

Nasdaq said Facebook's trading delay was due to a glitch in its electronic order system. More

Yahoo: The hottest tech stock in the Valley?

That may be a stretch. But as Facebook fizzles, Yahoo has $7.1 billion coming from Alibaba as new CEO Levinsohn inks deal to sell Asian assets. But analysts are unimpressed. More

Google ordered to mend its ways fast

The European Commission laid out four 'concerns' about possible antitrust violations from Google -- and it wants fast remedies. More

JPMorgan Chase loss only going to get worse

Market participants think JPMorgan's losses now total $6 billion to $7 billion, and there are several reasons why it's likely to get much larger. More

Facebook stock falls below IPO price

Shares of Facebook traded below the offering price of $38 in early Monday trading. More

Yahoo, Alibaba reach $7.1 billion deal

Yahoo and China's Alibaba Group have agreed to a $7.1 billion deal in which the Hangzhou-based internet behemoth buys back half of Yahoo's 40% stake in the company. More

GM won't advertise in the 2013 Super Bowl

This time, the price is just too high, the automaker says. More

Why is Jamie Dimon on a Federal Reserve board?

While serving as the head of JPMorgan Chase, Jamie Dimon has also sat on the New York Fed's board of directors. Seem shady? Blame Congress. More

Facebook trading sets record IPO volume

Facebook's IPO will raise at least $16 billion, making it the third-largest IPO in U.S. history. More

Facebook's IPO price: $38 per share

Facebook's IPO will raise $16 billion, making it the third-largest IPO in U.S. history. More

JPMorgan's Dimon to testify in Senate

JPMorgan's $2 billion trading loss has spurred a Senate panel to invite CEO Jamie Dimon to testify. More

Comcast scraps broadband cap

Comcast will replace its much-hated 250 GB broadband cap with a usage-based billing system. More

Verizon ends standalone DSL service

Verizon's plan to force DSL customers to bundle their service with landlines is catching heat on Capitol Hill and with partners. More

Anti-social: Zynga tumbles after Facebook IPO

Social media stocks aren't feeling the love, despite Facebook's market debut. Zynga, which generates much of its revenue from Facebook, fell as much as 23%. More

Remember theGlobe.com? Tech IPOs have a dismal track record

Facebook is entering a market in which most IPOs plunge after a big one-day pop. More

Warren Buffett buys into 'declining' newspapers

Warren Buffett's Berkshire Hathaway agreed to buy 63 newspapers from Media General for $142 million cash. Deal also includes a $400 million loan and $45 million revolving cash line. More

Verizon to end unlimited data for upgraders

Verizon will force smartphone customers with unlimited data plans to switch to tiered plans when they upgrade. More

Short-seller Einhorn targets Amazon and Martin Marietta

For Herbalife, David Einhorn's silence is golden. For Martin Marietta, a quick mention by Greenlight Capital founder sends its stock tumbling. More

Pinterest raises $100 million to bolster growth

Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. More

You're only worth $1.21 to Facebook

Facebook's average revenue per user is just $1.21, far lower than most companies that report that metric and on the low end of its close competitors. More

Facebook IPO: the art of pricing the right pop

Facebook's underwriting team led by Morgan Stanley can go very wrong by either underpricing the stock and leaving money on the table or driving away long-term investors. More

Career advice from Fortune 500 women CEOs

With plenty of glass in their hair, the female chiefs of Fortune 500 companies have doled out anecdotes and advice during their tenures. Here are some of their best practices. More

J.C. Penney stock plunges on dismal earnings

Investors had high hopes for new J.C. Penney CEO Ron Johnson, who was the main driver behind Apple stores. More

California could net $2 billion from Facebook IPO

California could reap $2 billion from Facebook's IPO -- money the cash-strapped state sorely needs to plug a $16 billion budget hole. More

Roger Penske: Racetrack capitalist

Almost 50 years ago, Roger Penske made a choice between business and racing. Business won, and it won big. More

The future of global shipping

Almost 90% of all goods traded across borders travel by sea. Here's a look at how they get from point A to point B and everywhere in between. More

J.C. Penney stock sinks on falling sales

Shares of retailer J.C. Penney plummet after quarterly results show same-store sales dropped 19% in first quarter of 2012. Company cancels dividend. More

Facebook IPO is no safe haven

Why are so many investors clamoring for a risky IPO while many pros are fleeing stocks and seeking safety in bonds? More

Avon's stock plunges 10% after Coty pulls out

Coty withdrew its $10.7 billion bid for Avon, which is now expected to pursue a turnaround on its own. Coty will likely pursue an IPO and new acquisitions. More

Yahoo's CEO is out. Now what?

Following Scott Thompson's exit, Yahoo faces problems both new and old. More

20 worst money losers

Fannie Mae and Freddie Mac are the two worst Fortune 500 money losers for the third year in a row. Who else lost big? More

Carlyle earnings: It's all about the distributions

Private equity firm The Carlyle Group this morning released its first quarterly earnings since going public, reporting $179 million in distributed income for the first quarter. It also reported $3.8 billion of net proceeds to fund investors. More

Ousted Yahoo CEO will get no severance

Thompson won't get any severance compensation, but he's already taken home sizable up-front bonuses that Yahoo isn't making him pay back. More

Obama weighs in on JPMorgan loss

The bank's loss, which resulted from a massive bet on derivatives, has sent shockwaves through financial markets. More

Groupon shares jump 23% as loss narrows

Groupon reports a narrower loss, better-than-expected sales and an optimistic outlook, giving investors hope that the worst is behind the company. More

LightSquared files for bankruptcy

Upstart wireless carrier LightSquared files for bankruptcy after failing to reach a deal with its lenders. More

JPMorgan investment chief out

JPMorgan Chase says Ina Drew is leaving after 30 years with the company. Departure comes in the wake of a $2 billion trading loss. More

Warren: Dimon should step down from NY Fed

Former oversight official and current senate candidate Elizabeth Warren says the banks have pushed heavily against much-needed regulation. Play

A former children's publisher goes back to school

When Deborah Kenny left behind a lucrative career to start a school for underprivileged youth in Harlem, her friends thought she was taking a huge risk. She was, and it paid off for the kids. More

The curse of the Volvo 240

20 years ago, Volvo got rid of its classic boxy 240. It's been downhill for the Swedish automaker ever since. More

Best Buy: Ex-CEO had 'relationship' with employee

Best Buy details former CEO's "extremely close personal relationship" with female employee. More

Yahoo confirms CEO is out after resume scandal

Yahoo CEO Scott Thompson has left the company after it was found he padded his resume with an embellished college degree. More

Big banks are not out of the woods yet

Bank of America's strong showing in 2012 has some investors flocking back to big banks, but be careful, most are still risky bets. Play

GM CEO: Government not involved day-to-day

Dan Akerson, CEO of General Motors, says, despite owning 27%, the government isn't operationally involved. Play

GM CEO: Plant closures possible in Europe

Dan Akerson, CEO of General Motors, says his company may have to close some of its European plants due to the troubled European economy. Play

Is this a true JCPenney turnaround?

Excluding charges related to its turnaround plan, JCPenney turned a profit in the fourth quarter. The stock is up 21% over the past month. Play

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