Apple Inc.’s shares surged passed the $500 threshold – their highest level since January. Wednesday’s gains came a day after activist investor Carl Icahn said he thinks the iPhone maker should do more to revive its stock price.
The Internet video service’s stock climbed another 15 percent Friday to reach its highest price in 16 months.
Investors are dumping Facebook’s stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months. Are they right?
New documents show that federal regulators wanted to know more about Facebook’s mobile users and the company’s relationship with the online game company Zynga in the months leading to Facebook’s initial public offering of stock.
Hewlett-Packard Co.’s shares sank to a 6-year low Friday after the Palo Alto-based technology conglomerate announced third-quarter results and said it would shut down its mobile devices business, try spinning off its PC business and pay about $10 billion for business software maker Autonomy Corp.
Yahoo Inc. and Alibaba Group released a joint statement saying they are engaged in “productive negotiations” over online payment service Alipay.