The recent wave of mergers crashed into the e-commerce space today when auction giant eBay said it would acquire Rent.com for US$415 million in cash and stock. The purchase extends eBay's already sprawling reach into the rental real estate industry. Rent.com lists apartments and homes for rent, rely...
Search engine and tech darling Google did even more than everyone expected in its first earnings report since going public in August: It blew away estimates and posted triple-digit profit growth as its core search-advertising business continues to expand rapidly -- sending its stock price soaring. G...
Oil prices weighed heavily on U.S. stock markets today as investors were left to ponder not if but when oil will break the $50 barrier -- and what will happen as a result. Oil futures shot to new high levels, reaching $49.64 a barrel on the New York Mercantile Exchange, up 76 cents on the day. That ...
A bullish outlook for the third quarter and the rest of the year from Ford Motor Co. helped give stocks a lift to close out the week, but pressure from a spike in oil prices pared the gains. Ford said its financial services unit was largely responsible for the improved outlook, rather than boosted c...
The chief executive of Network Associates quashed speculation Tuesday that his company is in talks to be acquired by Microsoft, cutting into earlier gains made by the stock, which still managed to close up nearly 4 percent. Shares in the Santa Clara, California-based company ended off their best lev...
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