The anticipated Alibaba IPO has and continues to generate both heat and light in Yahoo! Inc. (NASDAQ:YHOO) as experts weigh in on the matter. As that happens, two positions, as always, are clear on the matter of Yahoo! and Alibaba, the Chinese e-commerce company that plans to launch in New York later this year. In CNBC’s ‘Fast Money,’ Jon Najarian and Stephanie Link dissected Yahoo! Inc. (NASDAQ:YHOO)’s stock. While Jon Najarian made a bullish case for Yahoo! with regards to the potential cash windfall from Alibaba, Link made a strong bearish case on the stock, mostly citing lack of supportive…
Author: Neha Gupta
Fox Business on the Success Story focused on the man behind Ancestry.Com LLC (NASDAQ:ACOM), a company that provides online family history and generates revenue from subscriptions from people seeking to discover their family mapping. The company has grown tremendously, but challenges have also not been lacking for the CEO Tim Sullivan and his team. Starting from the world of finance, Mr. Sullivan shared his first jump into the world of Internet and what it has been running a family history mapping business that went public at the height of the financial recession in 2009 and later sold to a private…
As Yahoo! Inc. (NASDAQ:YHOO) struggles hard to be transformative, its CEO Marissa Mayer has decided to keep Alibaba.com as an extended fix to its core business problems. Yahoo delivered its second quarter reports this week, which were less indicative of any substantial change, Mayer said that they intend to keep a larger chunk of share in the e-commerce company, Alibaba, which is set to enter the New York Stock Exchange this fall. Following this decision, Fox Business asked the opinion of Schaeffer’s Investment Research senior equity analyst, Joe Bell, and Lido Isle Advisors Managing Partner, Jason Rotman, on Yahoo’s future…
Taking the healthcare technological advancement a level up, the pharmaceutical giant, Novartis AG (ADR) (NYSE:NVS) has collaborated with Google Inc (NASDAQ:GOOGL), in order to work on the development of ‘smart’ contact lens. The lens will be based on an ‘in-eye’ technology, which was launched earlier this year, which will help lens users to monitor their blood levels and rectify their vision in a brand new way. Fox Business reported that though there is no information available related to the terms of the deal, but Novartis AG (ADR) (NYSE:NVS), which is a daily use contact lens maker, is believed to be…
eBay Inc. (NASDAQ:EBAY) and Yahoo! Inc. (NASDAQ:YHOO) have reported their second-quarter earnings while Google Inc. (NASDAQ:GOOG) is set to post it’s, as of the close of business this week. Yahoo posted its Q2 earnings that fell short of Wall Street estimates with eBay’s profit on the hand improving at the back strong growth in PayPal division. Estimize CEO, Leigh Drogen, told Fox Business that the second quarter was the only quarter that did not matter for Yahoo! Inc. (NASDAQ:YHOO) as the market shifts its attention to the highly anticipated Alibaba IPO. “This is going to be the 1st quarter where…
The race to keep up with Netflix, Inc.(NASDAQ:NFLX) and other competitors in terms of quality original films has seen Amazon.com, Inc. (NASDAQ:AMZN) increase its investment for its film production unit Amazon Studios while also targeting all customer groups. Amazon Studios director, Roy Price, has told Bloomberg that the main focus for the filming production unit is to focus on all customers rather than focusing on a niche audience. “At the end of the day the most important critics my point of view are the actual audience and actual customers. You know we don’t go to a focus group which is…
CNBC’s Jim Cramer looked into the settlement deal between Bank of America Corp (NYSE:BAC) and insurer American International Group Inc (NYSE:AIG) on Mad Money. On the settlement, Mr. Cramer remarked: “I thought it would cost billions. AIG wanted $10 billion. They got $650 million.” He went on to say the settlement with American International Group Inc (NYSE:AIG) eliminates a huge headache for Bank of America Corp (NYSE:BAC) as the bank tries to put the past behind it. Therefore, of BAC he said “It removed a huge overhang, a lawsuit with AIG over crummy mortgages that Bank of America pumped out.”…
Microsoft Corporation (NASDAQ:MSFT) is reportedly planning to reduce its workforce as the company tries to streamline its operations to focus more on the cloud at the back of Nokia Corporation (ADR) (NYSE:NOK)’s Acquisition. The latest job cuts could be seen as a plan by the company to reduce redundancy as CEO, Satya Nadella tries to reshape the company, according to Mashable’s Pete Pachal in an interview on Bloomberg. “Nokia as the acquisition got themselves about 30,000 employees they were already 100,000, so there is going to be some redundancies that need to be eliminated” said Pachal. Nadella is trying to…
Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX) are some of the most talked about stock in the market according Jim Crammer on ‘Mad Money’ on CNBC. While Amazon.com, Inc. (NASDAQ:AMZN) Prospects continue to look brighter in the market, Netflix, Inc. (NASDAQ:NFLX) continues to remain risky as its stock could swing either way on the upside or the downside. Amazon had an impressive rally in May and early June but later slowed and got stuck on a very tight channel of between $324 and $340. Amazon has since, in recent trading session’s rallied, picking up $30 in a matter of three…
Apple Inc. (NASDAQ:AAPL) and International Business Machines Corp.(NYSE:IBM)have finally put to rest their rivalry that started at the dawn of the personal computing era as they seek to get more businesses to accept iPhones and iPad’s. The signed agreement will give Apple access to IBM, vast sales force that should be sufficient for recommending Apple Inc. (NASDAQ:AAPL)’sdevices in fields of healthcare and banking. Ros Berger has told CBNC that it is game-on, in terms of competition especially for BlackBerry Ltd (NASDAQ:BBRY) which has for some time been a major player in the space. “Who really suffers? I mean Apple just…
The story of The Walt Disney Company (NYSE:DIS) is nowhere near a fairy tale right now as the company continues to be in the red, and a closer look at the current options strategy too is uninspiring. As on Tuesday, the shares of the company traded 0.70% lower and closed at $86.15. CNBC’s Dan Nathan at Fast Money gave details about the options action in the stock. Nathan said that the options volume went excessively high in The Walt Disney Company (NYSE:DIS), which is four times the average daily volume, where most of the options traded were calls. But, Nathan…
Former Ford Motor Company (NYSE:F)’s CEO Allan Mulally has settled speculation of what he was going to do after leaving Ford by joining giant search engine Google Inc. (NASDAQ:GOOGL) Board of directors. Google has confirmed Mr. Mulally will serve in its audit committee “If you were wondering what former Ford CEO Allan Mulally was going to do with his spare time. This is going to be one of them. Allan Mulally former CEO of Ford is going to join Google board of directors.” said CNBC’s Dominic Chu Mulally on joining Google Inc. (NASDAQ:GOOGL) will receive an initial grant of $1…