Oct
6
Microsoft Making ‘Adjustments’ To Hiring, But No Freeze
October 6, 2008 | Leave a Comment
SAN FRANCISCO (Dow Jones)–Microsoft Corp. (MSFT) Friday said it may have to make
“some adjustments” to its hiring plans due to the tough economic environment, but
stressed that it hadn’t initiated a hiring freeze.
In a statement, the Redmond, Wash.-based software giant said it would “continue
to grow and add thousands of jobs this year.”
“Given the current economic environment [...]
Sep
26
U.S. Senate fails to pass $56.2 bln stimulus package
September 26, 2008 | Leave a Comment
SAN FRANCISCO (MarketWatch) — A $56.2 billion economic stimulus package failed
to pass in the U.S. Senate Friday. The package was meant to extend unemployment
benefits, increase food aid and fund new construction projects. Democrats failed
to get the 60 votes necessary to move the bill forward. A similar bill is in the
works in the House, and President [...]
Aug
28
Sector rises with broader market on positive economic news
August 28, 2008 | Leave a Comment
Sector rises with broader market on economic news
By Benjamin Pimentel, MarketWatch
Last Update: 8/28/2008 9:54:00 AM
SAN FRANCISCO (MarketWatch) - Technology stocks stepped decisively into positive
territory early Thursday morning, boosted by positive economic news that also
pushed the broader market higher.
The Dow Jones Industrial Average (DJIA) was up 75 points in the opening minutes
of trading after the Commerce [...]
Aug
21
S&P: More downgrades possible for U.S. banks
August 21, 2008 | Leave a Comment
By Sue Chang
SAN FRANCISCO (MarketWatch) — Standard & Poor’s Ratings Services said more downgrades are possible for U.S. banks, which are only about halfway through the credit downturn, according to a report released Thursday. However, rating actions on banks and brokerages will remain selective rather than broad, said S&P analysts at a quarterly teleconference earlier [...]
Jul
29
H-P, Intel and Yahoo team up on cloud computing
July 29, 2008 | Leave a Comment
SAN FRANCISCO (MarketWatch) — Hewlett-Packard Co. , Intel Corp. and Yahoo Inc.
said Tuesday they would join forces to create a set of new centers for the
advancement of cloud computing technology. The three companies will create what
is called the H-P, Intel and Yahoo Cloud Computing Test Bed that will initially
consist of data centers at each of [...]
Jul
1
SAN FRANCISCO (MarketWatch) — S&P Equity Research on Tuesday hiked Yahoo Inc. to
buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s
troubles, including a less firm global online advertising market, notable
competition, recent losses of substantial management talent, inconsistent
execution, and considerable distractions and uncertainty related to the Aug. 1
shareholder meeting,” [...]
Jun
24
SAN FRANCISCO (MarketWatch) — Yahoo Inc. saw its shares jump more than 5% early
Tuesday afternoon amid media reports that the company has renewed talks with
Microsoft Corp. over a potential deal, possibly a buyout. A report on CNet’s Web
site, citing “one major investor,” said the two companies were in talks for a
partial buyout of Yahoo’s search [...]
Jun
20
Keeping score
How 10 investing themes for 2008 are performing, and what’s changed
By Jonathan Burton, MarketWatch
Last Update: 6/20/2008 5:17:00 PM
SAN FRANCISCO (MarketWatch) — Oil prices were below $100 a barrel and the Dow
Jones Industrial Average was above 13,000 last November when MarketWatch wrote
about 10 investments to consider for this year.
What a difference seven months, a credit [...]
Jun
18
Flickr co-founders latest to leave Yahoo: report
June 18, 2008 | Leave a Comment
SAN FRANCISCO (MarketWatch) — Caterina Fake and Stewart Butterfield, the
co-founders of photo-sharing Web site Flickr, are the latest executives to leave
Yahoo Inc. , The Wall Street Journal reported Wednesday on its Web site, citing a
company source. Yahoo told the newspaper that Fake left June 13 and that
Butterfield’s final day will be July 12. Fake and [...]
Jun
14
Moody’s may cut Lehman’s ‘A1′ rating on ouster of CFO
June 14, 2008 | Leave a Comment
SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Friday placed Lehman
Brothers Holdings’ A1 rating on review for a possible downgrade. The move follows
Lehman’s announcement that Chief Financial Officer Erin Callan is leaving. The
ratings agency noted that although the purpose of the management change appears
to be an effort to assure accountability for its losses and to [...]
