Business

It has become a Web phenomenon, but many people still may not have heard of crowdfunding. In its simplest terms, it is a way an online group of individuals can come together to fund a particular project. To date, most of the projects funded are charitable causes such as free software development, sc...

AT&T slightly missed analyst expectations on its first quarter earnings report this week, despite solid growth on the wireless data side of the business and record smartphone sales. The company reported net income of $3.7 billion, a slight increase from the $3.6 billion it reported a year earlie...

AT&T slightly missed analyst expectations on its first quarter earnings report this week, despite solid growth on the wireless data side of the business and record smartphone sales. The company reported net income of $3.7 billion, a slight increase from the $3.6 billion it reported a year earlie...

If Consumer Financial Protection Bureau Director Richard Cordray ever imagined that House of Representatives Republicans would eventually warm up to the bureau, that hope has surely been dashed by now. Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, on Monday sent a...

The market is popping champagne corks over Netflix's latest earnings report. A day after the company delivered boffo results and beat Street expectations for the first quarter, its stock has soared by some 25 percent. Among the goodies in Monday's report: Netflix posted net income of $3 million, com...

Activist investor ValueAct Capital has invested US$2 billion in Microsoft, according to a report on CNBC Monday morning. Wall Street immediately reacted, driving the company's share price to $31.18 from its usual perch at $30.27 per share. That is the highest level the stock has since in the last se...

Google released a quarterly earnings report Thursday that beat estimates and also showed the company may be coming to grips with the problem of monetizing its mobile platform. The tech giant reported net income of $3.35 billion, or $9.94 per share during the first three months of the year, a 16 perc...

eBay posted solid first-quarter earnings on Wednesday, but the company underperformed based on projections by Wall Street. eBay then delivered guidance that did not meet the mark, doubling investors' disappointment. As a result, they are casting worried eyes toward eBay's future. "eBay, though ec...

Apple's stock took another hit on Thursday, sinking to a dismal $392.25 by the closing bell. Fears have been mounting about Apple's place in the world, and they were heightened earlier this week by a report from a key supplier, Cirrus Logic, which posted a disappointing revenue forecast. On Wednes...

The Federal Trade Commission filed a suit against Wise Media this week, accusing the company of slipping unauthorized charges into consumer cellphone bills. Wise Media allegedly charged cellphone users fees for services to which they'd never subscribed, a practice referred to as "cramming." The comp...

Yahoo's latest earnings report was a mixed bag, and Wall Street didn't seem to know how it should react. Following Tuesday's report, the company's stock dropped slightly on Wednesday, then rose slightly and ended the day a tiny bit ahead. On Thursday, Yahoo shares were off by about 2 percent mid-day...

Thanks to countless conversations with reporters, I have developed a crystal clear idea of why Dish Network and SoftBank want to acquire Sprint Nextel. It has less to do with wireless carrier ambitions, and much more to do with the future -- being leaders in a new space that's still largely under th...

A group of senators known as the "Gang of Eight" on Tuesday introduced a bipartisan immigration bill that could permit an increase in H-1B visas for high-tech workers. The group is led by Sens. Chuck Schumer, D-N.Y., and John McCain, R-Ariz. Another notable member is Sen. Marco Rubio, R-Fla., the GO...

Intel released a quarterly earnings report Tuesday that fell slightly short of already low expectations, thanks to weak worldwide PC sales. The world's largest computer chip manufacturer reported first quarter revenue of $12.6 billion, a 2 percent drop from the same time a year ago. Net income w...

The U.S. Department of the Interior has big plans to implement a major cloud-based information technology program, with a potential investment of $1 billion over 10 years. However, those plans will have to be put on hold a little longer. One of the potential contractors for the project, CenturyLink,...