Provided by Business Insider's Jay Yarow The market's reaction to Apple's earnings is not good. The stock is down 3% this morning, pre-market, sending shares to $393. This drop is actually worse than it sounds.
Apple’s ( AAPL ) stock has been in free-fall over the last few months, shedding 42% of its value after reaching an all-time high of $705.07 last September. Shares were falling hard again Thursday and could end the trading day below $400 a share the first time since December 2011.
T-Mobile, the fourth largest U.S. cellphone carrier, held an “ un-carrier” event on Tuesday in New York to announce it was dropping long-term customer contracts and phone purchase subsidies. It also revealed it was going to start offering the iPhone for the first time -- an effort to attract more subscribers
Michael Dell may be at risk of losing his namesake company. Dell ( DELL ) confirmed Monday weekend reports that private equity firm Blackstone Group has submitted preliminary takeover proposals to Dell’s board that would value the struggling computer maker at $14.25 a share
Paul Taylor, the FT's US business technology and telecoms editor, gets behind Apple first quarter earnings results and explains why Apple shares dropped more than 10%. For more video content from the Financial Times, visit http://www.FT.com/video
BY Louis Bedigian | December 16 2012 6:13 PM There is a lot of speculation surrounding the arrival of Google (NASDAQ: GOOG [FREE Stock Trend Analysis] ) Maps on iOS 6. Most argue that this is a big win for Google and a huge loss for Apple (NASDAQ: AAPL ), which may have lost any hope of persuading users to stick with its own Maps app. At least one analyst believes that Apple will oust Google Maps in the distant future in an attempt to force users to switch.
Follow The Daily Ticker on Facebook! Carmakers are having a blockbuster year. Chrysler Group announced Tuesday it sold 142,041 U.S.
Follow The Daily Ticker on Facebook! It's been one year since the Occupy Wall Street movement and its calls for income equality, Wall Street reform and less money in politics swept the nation and forever changed the national discourse. OWS is back after a hiatus and returned to Wall Street in celebration of its one-year anniversary. Roughly 1,000 gathered at four meeting points in downtown Manhattan early Monday, reports the Wall Street Journal
Follow The Daily Ticker on Facebook! Proponents of healthy eating scored two small wins this week when the City of New York upheld its ban on large sugary drinks and the world's biggest restaurant chain said it would start posting calorie counts on its menus. Health experts have targeted soda and other artificially sweetened beverages as two of the leading causes of obesity.
Follow The Daily Ticker on Facebook! "Don't fight the Fed" That's the message from the market in the wake of Thursday's blockbuster announcement of open-ended QE from the central bank. After surging Thursday, major averages were rallying further Friday