Archive for April 2nd, 2008Business News - Massachusetts Business News - Financial News … StarTribune.com | Business News: Complete coverage of business in … Business Resources, Advice and Forms for Huge and Small Businesses Newsweek Business | Newsweek.com Business, Personal Finance, Technology, Employment news for Austin … Research Tools | Economist.com Business News | Financial News - FOXBusiness.com Filed under: Business, World wide web, Web services, Mobile Minute  How often have you been out walking your dog when it suddenly occurs to you that you forgot to order the latest Lemony Snicket book? Well, now you can place your order without going to a store or waiting until you home and plop yourself back in front of a computer for the rest of the day. Just pull out your cellphone and send a text message with an item name to AMAZON (262966) thanks to a new Amazon service called TextBuyIt. While we don’t think anyone expects you to do all of your shopping from your phone (especially if you don’t have an unlimited data plan), you can search for items by keyword, or ISBN UPC code. That means you can easily check prices on items while you’re in a bricks and mortar store. Want to see if that personal, blender, or video game on the shelf is reasonably priced? Just check it out with Amazon. [via The Associated Press] Filed under: Business, Internet, Web services  On the web auction site eBay is changing its policy on digital items that are delivered electronically. Instead of selling these items via auction, eBay now requires sellers to take out 30-day classified ads for $9.95 to sell digital goods. The change is intended to prevent sellers from artificially boosting their feedback ratings by selling thousands of identical downloads for as little as pennies. There’s no feedback involved in the classifieds section, but classified ads will show up in a regular eBay search. The inherent problem with digital downloads is that there are pretty much no delivery costs, and once you produce an item you can sell it over and over again, which gives sellers the capability to game the system. Of course, we know a few record company execs that don’t see things that way. And to be perfectly honest, we’re not convinced the classifieds section is the right place for digital goods, because while we don’t want to see anyone beating the feedback system into submission, if you legitimately sell items that have value on a regular basis, it would be nice to get some positive feedback for your efforts. Users can still sell digital goods in traditional auctions — as long as they provide physical media which requires shipping. If you’ve got software on a CD or DVD for sale, that’s fine. Just don’t offer buyers the option of digital downloads or you’ll be in violation of eBay’s new terms of service. That stated, when we checked this morning, there were plenty of auctions still available for digital downloads. It’ll probably take eBay a while to clean house. [via Techdirt] Technology news and opportunities - Business 2.0 on CNNMoney South Florida-Broward County, Palm Beach County and Miami business … Business and Economy in the Yahoo! Directory Business News from The Hartford Courant, including Connecticut … Baltimore, Maryland business news, blogs and video | baltimoresun … Filed under: Deals, Bad news, Industry, Competitive strategy, Motorola (MOT), Nokia Corp. (NOK)
So far, no one has stepped up with an offer. Firms like Nokia (NYSE:NOK), Samsung, and Sony Ericsson might be better off watching the US handset maker bleed to death. That takes away much of the incentive of being a buyer. Yesterday, China’s Huawei Technologies, a massive handset maker in the huge Asian country, stated it had no interest in Motorola. According to Reuters, “Huawei stated it was not interested in buying the business as it is focused on selling its phones under the brand of its mobile operator customers, while Motorola sells phones to consumers under its own brand.” At $9.47, Motorola still trades near a 52-week low, despite plans to break the company into two pieces. That gives the company a market cap of $21 billion. The firm’s home mobility and enterprise systems divisions are profitable. That means the the handset division is worth very little. Motorola can’t even give it away. Douglas A. McIntyre is an editor at 247wallst.com. Filed under: Deals, Bad news, Industry, Competitive strategy, Motorola (MOT), Nokia Corp. (NOK)
So far, no one has stepped up with an offer. Firms like Nokia (NYSE:NOK), Samsung, and Sony Ericsson may be better off watching the US handset maker bleed to death. That takes away much of the incentive of being a buyer. Yesterday, China’s Huawei Technologies, a big handset maker in the massive Asian country, stated it had no interest in Motorola. According to Reuters, “Huawei stated it wasn’t interested in buying the business as it is focused on selling its phones under the brand of its mobile operator customers, while Motorola sells phones to consumers under its own brand.” At $9.47, Motorola still trades near a 52-week low, despite plans to break the company into two pieces. That gives the company a market cap of $21 billion. The firm’s home mobility and enterprise systems divisions are profitable. That means the the handset division is worth very little. Motorola can’t even give it away. Douglas A. McIntyre is an editor at 247wallst.com.
02
04
2008
 
Before the bell: Street awaits Bernanke testimony; BBY, PFE, RIMMPosted by: in Latest NewsFiled under: Before the bell, Earnings reports, Deals, Pfizer (PFE), JPMorgan Chase (JPM), Ideal Buy (BBY), Research in Motion (RIMM), Economic data, Bear Stearns Cos (BSC), Federal Reserve
On Tuesday, April Fool’s Day, stocks surged following news banks were raising capital and as many believed the credit crisis has reached a crescendo and the worst is over. With that, the Dow industrials almost 400 points, or 3.2%, the Nasdaq composite climbed 83 points, 3.7% and the S&P 500 surged 47 points, or 3.6%. Today, though things seem quieter ahead of Bernanke’s testimony before a hearing of the Joint Economic Committee of Congress at 9:30 a.m. EDT. Bernanke will also discuss and be questioned on the Fed’s role in the fire-sale of Bear Stearns (NYSE: BSC) to JPMorgan Chase (NYSE: JPM) last month and its role as guarantor. On the economic docket, at 8:15 a.m., the ADP employment report for March will likely show another decline in private sector jobs. This is seen as a precursor to the government jobs report due Friday, but there have been variations in the past. Also this day, weekly crude inventories are due at 10:30 a.m. EDT. Oil prices were steady around $101 a barrel ahead of the release as it is expected to show crude stockpiles rose last week while gasoline inventories dropped. Overseas, markets rallied following the gains on Wall Street. In corporate news, Pfizer (NYSE: PFE) stated late Tuesday it ended a late-stage study of its experimental advanced melanoma treatment tremelimumab after a data review showed it wasn’t more effective than standard chemotherapy. PFE shares are down 1% in premarket trading. Reporting today: Electronics retailer Ideal Buy (NYSE: BBY) and agricultural biotech firm Monsanto (NYSE: MON) due to release results before the opening bell. Phone maker Research In Motion (NASDAQ: RIMM) and chip producer Micron Technology (NYSE: MU) are due to report after the close. |
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Stock futures were mixed in early morning, indicating many on Wall Street would prefer wait until Federal Reserve chief Ben Bernanke’s testimony before Congress this day.
