EBay's Skype Sale Looks Like a Win-Win
EBay Chief Executive Officer John Donahoe says there’s no downside to his company’s plan to sell most of its Skype division. “EBay was able to have its cake and eat it, too,” he says.
So far, he’s not getting much argument. In a deal announced Sept. 1, eBay (EBAY) will sell a controlling share of the [...]
Disney to acquire Marvel in $4 billion deal
NEW YORK/LOS ANGELES (Reuters) – Walt Disney Co on Monday agreed to buy Marvel Entertainment Inc for $4 billion in the year’s biggest media deal, banking on Marvel’s pantheon of superheroes to broaden its lineup of movie franchises that appeal to boys.
Disney adds Spider Man, Iron Man and Thor to its roster of classic characters [...]
Chinese Internet stocks: growth game or timing out?
SHANGHAI (Reuters) – Chinese Internet stocks have rocketed this year as investors look for the next Google (GOOG.O) among companies serving the 300 million Web surfers in China, the world’s biggest Internet market.
Search leader Baidu (BIDU.O) has soared 160 percent this year, and business-to-business website operator Alibaba.com (1688.HK) is up 250 percent, while leading portals [...]
AIG: What's Driving Up the Stock?
NEW YORK (TheStreet) — AIG’s (AIG Quote) volatile run-up began to show signs of weakness by Friday afternoon, after days of huge gains and heavy volume from small speculative bets.
American International Group shares were up 5.1% at $50.28 shortly after 3 p.m. EDT, after a period of alternating between positive and negative territory. The stock [...]
Investors trading 3 stocks that may be doomed
WASHINGTON (AP) — Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.
All three are majority-owned by the government and are losing huge sums of money. The Securities and Exchange Commission and other [...]