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Amazon Moves into European Retail Services Market

In a move to enter into the European enterprise retail services market, Amazon.com and leading United Kingdom retailer Marks & Spencer today released details of an e-commerce alliance. The announcement also officially introduces Amazon Services Europe, the dot-com's Luxembourg-based subsidiary.

FINANCIAL NEWS

Stocks Plunge on Weak Tech Earnings

Stocks tanked today as weak earnings from technology bellwethers and worries about both inflation and the overall health of the economy drove Wall Street to one of its worst performances in recent months. The Dow Jones industrial average lost 191.24 points, or 1.86 percent, to finish at 10,087.51. T...

FINANCIAL NEWS

Stocks Plummet on Economic Worries, Apple Outlook

The latest bout of economic uncertainty -- brought on at least in part by a reduced forecast from Apple -- caused investors to send stocks sharply lower today. By the close, the three major averages were at new lows for 2005 and their lowest levels since early November. The Dow finished at 10,278.75...

NEWS BRIEF

Firefox Browser Sees 237 Percent Growth from June ’04

Nielsen//NetRatings reported today that escalating interest in the Firefox browser garnered a 237 percent spike in unique visitors to the Web site from nine months ago when the site first met Nielsen//NetRatings' minimal reporting levels in June 2004. More than 2.6 million people visited the Firefox...

FINANCIAL NEWS

Stocks Plummet After Weak Retail Sales Report

A weak report on retail sales -- the latest and in some ways the most direct evidence that high oil prices are dampening economic growth -- helped drive stocks lower on Wall Street today, with the best news of the day coming after markets closed in the form of strong earnings from Apple. The Commerc...

FINANCIAL NEWS

Stocks Rise on Fed’s Go-Slow Interest Rate Outlook

Stocks rallied in afternoon trading today after investors found comfort in the discussions that took place at the most recent meeting of the Federal Reserve. The relief over the minutes of the Fed's meeting, which indicated strong support for sticking with a measured approach to raising rates, was e...

FINANCIAL NEWS

Stocks Lose Ground in Face of Oil Rise, Earnings

A modest rebound in crude oil prices and the prospect of earnings season getting under way left Wall Street mostly in the red today. Stocks were up briefly when trading began, thanks to the long drop in oil prices. However, by the close, the Dow Jones industrial average was down 12.78 points, or 0.1

FINANCIAL NEWS

Uncertainty About Profits, Economy Pushes Stocks Down

Stocks fell sharply to end the week today, putting an abrupt halt to a modest four-day winning streak for the Dow as profit taking kicked in amid investor uncertainty about the state of the economy in general and corporate profits in particular. The Dow Jones industrial average ended down 84.98, or ...

FINANCIAL NEWS

Stocks Rise on Continued Drop in Oil Prices

Despite a mixed bag of monthly reports from major retailers, stocks moved higher today, with the Dow Jones industrial average posting its fourth straight day of gains. The Dow was up 60.30 points, or 0.58 percent, to 10,546.32. The Nasdaq posted the best percentage gain on the day, rising 19.65 poin...

FINANCIAL NEWS

Markets Mixed as Earnings Season About To Start

Stocks ended mixed today with a better-than-expected report on oil supplies outweighed by concern that the coming earnings season might bring its share of disappointments. A government report said that the U.S. added 2.4 million barrels to its crude stockpile, though gasoline inventories did drop mo...

FINANCIAL NEWS

Stocks Rise as Greenspan Downplays Oil Impact

The soothing words of Federal Reserve Chairman Alan Greenspan helped boost stocks today after he reiterated his belief that rising oil prices do not pose an immediate threat to the U.S. economy. Greenspan told a gathering of oil industry executives that the energy market would correct itself if left...

FINANCIAL NEWS

Stocks Eke Out Gains After Oil Spikes, then Subsides

Oil prices today backed off new record highs, providing a boost to stocks, which moved higher across-the-board. The Dow Jones industrial average gained 16.84 points, or 0.16 percent, to 10,421.14, thanks partly to a boost from beleaguered insurer AIG, which rebounded nearly 5 percent on word that N...

FINANCIAL NEWS

Stocks Plummet on Record-High Oil, Fewer New Jobs

A weaker-than-expected number of new jobs, a strong report on growth in the service sector of the economy and the latest spike in oil prices converged today to drive stocks sharply lower to end the week, and starting the second quarter on a decidedly down note. A day after closing out a dismal first...

FINANCIAL NEWS

Markets Retreat on Oil, Awaiting Jobs Data

A day after a boisterous rally on strong economic news, Wall Street took a more cautious approach today, with shares sliding on oil price spikes and ahead of tomorrow's unemployment report to end a largely dismal quarter for stocks. The Dow Jones industrial average fell 37.17 points, or 0.35 percent...

FINANCIAL NEWS

Stocks Rally in Biggest One-Day Gain of Year

Data showing a strong pulse for the economy and falling oil prices helped stir up a serious rally on Wall Street today, with stocks posting their best day of 2005 in terms of percentage gains. All of the major stock averages saw gains of at least a full percentage point as stocks rallied early in th...

GroundWork Secures $8.5 Million in Venture Funding

GroundWork Open Source Solutions today said it has it has secured US$8.5 million in its second round of venture capital financing. The Series B financing, led by Mayfield, includes Series A lead investor Canaan Partners. The Emeryville, Calif.-based company develops open-source products for the ente...

FINANCIAL NEWS

Stocks Drop on Confidence Report, Pending Data

A dip in consumer confidence and concern about an impending batch of economic data helped drive stocks lower today. Investors largely shrugged off the Conference Board report saying consumer confidence dipped by 2 points for March, to 102.4, the second straight month of declines and a larger drop th...

FINANCIAL NEWS

Stocks Up Ahead of Economic Data

Investors came into the new week with an optimistic outlook, driving up stocks across the board ahead of a slew of data that could help color in a fuzzy economic picture. Reports are due out this week on gross domestic product, personal income and the March employment picture, a bank of data that ma...

Endwave Files Statement To Sell 5 Million Shares

Endwave, a provider of subsystems for broadband wireless networks that specializes in telecommunications, defense and homeland security, today announced that it has filed a registration statement with the Securities and Exchange Commission for the sale of 5 million shares of its common stock. Of the...

FINANCIAL NEWS

Stocks End Losing Week with Mixed Session

Stocks ended a volatile and holiday-shortened week today with a mixed bag of results as oil prices rebounded and inflation remained a lingering concern. U.S. stock markets are closed tomorrow for the Good Friday holiday. The Dow Jones industrial today average fell 13.15 points, or 0.13 percent, to 1...

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