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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...
Salesforce.com expanded its advertising initiatives this week with the launch of Social.com, a platform designed to help brands tie ad campaigns to what's trending on social networks. The new platform bundles Salesforce.com features that resulted from the company's acquisitions of Buddy Media, a pro...
Twitter will soon significantly expand its advertising reach after the social network agreed to a deal with Publicis' Starcom MediaVest Group, one of the world's largest advertising agencies. Starcom's top clients, which include Coca-Cola and Microsoft, will now win some of the premier advertising s...
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...
From partial unpaid furloughs of personnel to travel cutbacks, U.S. government agencies are scrounging to come up with ways to save money. In that light, the Obama Administration's proposed 2014 federal budget for information technology resources is good news for agency IT shops -- and for vendors s...
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...
Can I be everywhere my customers want to shop? The good news is that this rhetorical question is not all that far-fetched any longer. In its day, the Sears catalog revolutionized the consumer shopping experience and ruled the market. Decades later, it has been rendered obsolete by the ultimate, inno...
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...
Facebook may soon be adding video ads, a key step in the development of an advertising platform that needs to draw interest from brands that may have previously questioned its return on investment. Video ads could start to run on Facebook as early as June or July, according to published reports. Ad ...
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...
Internet advertising experienced double-digit growth in 2012 for a record $37 billion in revenue, according to a report this week from the Internet Advertising Bureau and Pricewaterhouse Coopers. The largest increase was in the second half of the year, where both the third and fourth quarters topped...
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...
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