Wall Street Beat: Talk of US budget compromise boosts tech stocks
After a rollercoaster ride, tech stocks rebounded toward the end of the week following reports of a possible compromise on the political impasse over the U.S. budget.
Stories by Marc Ferranti
Wall Street Beat: Business as usual for tech, but gov't crisis casts shadows
The tech sector appears to be going about business as usual in the face of the U.S. federal government shutdown, but some industry insiders are nervous about a long-term stoppage or, even worse, the possibility of a debt default if a political compromise on the budget is not reached.
Wall Street Beat: Tech IPOs, M&A continues to heat up
Several recent IPOs and eBay's US$800 million cash offer for payments startup BrainTree this week highlight what looks like a burgeoning market for tech initial public offerings and mergers and acquisitions.
Wall Street Beat: Software vendor results offer glimpses of optimism
Enterprise tech companies including Oracle this week started reporting financial results that cover at least part of the third calendar quarter, and so far, the trends look mildly promising compared to last quarter.
Wall Street Beat: Twitter grabs spotlight, but tech IPOs were already hot
Even before Twitter's initial public offering announcement grabbed the spotlight Thursday, the market for tech IPOs had been heating up thanks to a general rise in stocks.
Wall Street Beat: Tech starts off season on mildly upbeat note
With the U.S. Labor Day holiday marking the unofficial end of summer on the markets, tech stocks got off to a fairly positive start in the new season as several major deals and the mobile phone market came under especially intense scrutiny.
Gimme shelter: Wall Street braces for next superstorm
Heading into the heart of hurricane season 10 months after Sandy slammed the New York metropolitan area, Wall Street has had time to reassess and revamp backup plans.
Wall Street Beat: Tech shares join market slump
Though earnings from some tech vendors brightened up a week of tepid market reports, shares of IT companies broadly declined Friday along with the rest of the market.
IBM says revenue fell in Q2
A rebound for IBM failed to materialise in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services.
Apple under the gun as US e-book trial starts
Apple appears to face an uphill battle as it goes to trial Monday in New York on e-book price fixing charges brought by the U.S. government.
HP takes US $8.8 billion charge on Autonomy accounting improprieties
Hewlett-Packard is taking an US$8.8 billion charge as a result of what it called serious accounting improprieties that occurred at UK software company Autonomy before it acquired the firm in 2011.
China approves Google acquisition of Motorola Mobility
Chinese regulatory authorities have approved Google's acquisition of Motorola Mobility, paving the way for the deal to close within the week, company officials confirmed Saturday.
US judge denies Apple request to halt sales of some Samsung products
A US district court judge has denied Apple's request to halt sales of four Samsung products in an ongoing patent infringement lawsuit.
IBM names new CEO
IBM has named Virginia Rometty as president and chief executive officer effective from January 1, replacing Sam Palmisano, who will retain the chairman's role.
Bank of America cuts services for WikiLeaks
Bank of America has joined the growing list of financial and technology companies that have cut off services to WikiLeaks, a move that comes amid speculation that the whistleblower site is preparing to release information about the bank.