The average minute will briefly gain an extra second Tuesday, to make up for the earth’s slowing rotation, and stock exchanges around the globe are bracing for it.
Netflix is hoping to hook millions more Internet video subscribers with the lure of original programming as it accelerates its international expansion in an effort to build the leading network for the digital-streaming age.
Cable company stocks fell sharply Monday after President Obama called for the Federal Communications Commission to reclassify Internet access as a utility.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses – plunging more than 400 points.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company’s listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.
Intel’s earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Twitter’s stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company’s history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter’s IPO could now raise more than $2 billion.