Follow The Daily Ticker on Facebook! Shares of Google ( GOOG ) tumbled as much as 9% Thursday afternoon after the tech giant's third-quarter earnings report showed that its core advertising business was slowing. Google's earnings shocker was accidentally released hours before the scheduled earnings announcement and Nasdaq halted trading of Google shares for almost three hours after the stock lost nearly $22 billion in market value.
Follow The Daily Ticker on Facebook! Food prices have been rising steadily around the world and this summer's drought isn't the only reason why, according to Frederick Kaufman, author of " Bet the Farm: How Food STOPPED Being Food." Kaufman tells The Daily Ticker that the price of global grains -- the primary dietary staple for most people on the planet -- have tripled since 2002 after decades of stability. "Something new has come to this market and we're seeing absolute levels of volatility that we've never seen before," Kaufman says
Follow The Daily Ticker on Facebook! Some developments in banking not related to Vikram Pandit for your consideration: The Consumer Financial Protection Bureau is considering providing lenders a "legal shield" against future litigation if the banks make "qualified" loans, The WSJ reports .
Follow The Daily Ticker on Facebook! Since the first presidential debate last Wednesday, the stock market has fallen even though Wall Street's preferred candidate, Mitt Romney, won that debate and erased President Barack Obama's small lead. In the latest polls, Real Clear Politics reporting that Romney leads on average 47.6% to 46.1%.
Follow The Daily Ticker on Facebook! By Nicole Goodkind How much do you pay for your cellphone data plan? If you feel like too much, Stephen Stokols may have the answers
Top Post-Market Nasdaq Movers (Maxygen, QuickLogic, Novavax, Brooks, Oncothyreon, Alkermes, Cree, Ultra Clean Holdings)
The top after-market Nasdaq gainers Friday were Maxygen Inc, QuickLogic Corporation, Novavax Inc and Brooks Automation Inc. The top after-market Nasdaq losers were Oncothyreon Inc, Alkermes plc, Cree Inc and Ultra Clean Holdings Inc.
Money’s Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Here are our picks for Aug.
While quartetly earnings season is coming to a close, investors will still see a trickle of companies reporting results next week, including Tiffany, Heinz, Joy Global, Pandora Media and Splunk.
One of the euro zone's two bailout funds could begin disbursing monies to Spain at the end of this month in a €100 billion ($120 billion) rescue of the country's embattled banks, according to an article by the Associated Press based on a story in the German newsweekly Der Spiegel on Saturday. The first payment of €30 billion ($36 billion) would come not from the permanent European Stability Mechanism, or ESM, but from the temporary European Financial Stability Facility, or EFSF, AP reported.
Ashkelon, Israel -- Abraham Tenne tilts his head upward and takes a gulp of water from a paper cup. But this isn't your average cup of water. It's just come directly from the briny Mediterranean Sea. At the Ashkelon Desalination Plant, a 28-acre complex some 40 miles (70 km) south of Tel Aviv, 15,000 to 16,000 cubic meters of seawater is converted into fresh water every hour -- if you can imagine it, that's about 15 to 16 million one-liter plastic bottles.