Best Buy has announced it will acquire troubled online music store Napster for $121 million. The deal includes $67 million of cash on Napster's balance sheet and values the Los Angeles-based Internet music store at roughly twice its Sept. 12 closing stock price. "It's an interesting move and looks d...
Amid a flurry of business headlines, stocks posted modest gains today after the largest member of the OPEC oil cartel said the group should consider boosting output in order to keep prices at reasonable levels. Oil prices, which hovered near record levels last week, have been a drag on financial mar...
A decline in the trade deficit, fewer unemployment claims and other news helped lift stocks today, though the Blue Chips of the Dow far outperformed the tech-heavy Nasdaq. The Dow gained 85.50 points, or 0.80 percent, to finish at 10,749.61. The Nasdaq, by comparison, was basically flat, moving high...
A report showing the U.S. economy continuing to expand failed to spark a rally in stocks today as shares closed out a strong week with a mixed session. The Dow managed to add to the week's gains, tacking on 22.93 points, or 0.23 percent, to end the week at 10,027.47. The Nasdaq lost a little ground,...
Good - It's entertaining and makes sporting events more interesting.
Bad - It increases the risk of gambling addiction and financial loss.
Neutral - The benefits and drawbacks are equally significant.
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