Applied Materials announced plans to reduce its workforce by 1,000 as part of a global cost-cutting move. The company, one of the largest suppliers of semiconductor equipment, said the year-long reductions would come through job elimination and attrition. It will take a $20 million charge for the re...
Yahoo today became the latest in a line of large, high-profile technology companies planning to buy back shares of their own stock, a move that could bring renewed questions about why the firms don't use their cash to provide stock dividends to shareholders instead. The Internet giant joined the pac...
A report from the Conference Board suggesting that economic growth might be about to slow down heading into 2005 did little to deter stock market investors as all major averages were at least modestly higher today. The Dow Jones Industrial Average gained 22.98 points, or 0.22 percent, to close at 10...
Investors bought up battered shares Wednesday, helping to lift the Dow back above the 10,000 level and rolling out a red carpet for the debut of Google's shares as early as tomorrow. Google announced just after the market closed that the Securities and Exchange Commission (SEC) had declared its shar...
The technology earnings season is off to a mixed start, with Intel reporting a fourth-quarter profit that beat Wall Street expectations, but also adopting a conservative outlook for 2003. The company said net income in the quarter was $1 billion, almost double fourth-quarter 2001 levels of $504 mill...
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