DailyFinance http://www.dailyfinance.com DailyFinance http://www.blogsmithmedia.com/http://www.dailyfinance.com/media/feedlogo.gif DailyFinance http://www.dailyfinance.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Dell in a handbasket: Should founder Michael Dell resign?http://www.dailyfinance.com/2009/11/20/dell-in-a-handbasket-should-founder-michael-dell-resign/http://www.dailyfinance.com/2009/11/20/dell-in-a-handbasket-should-founder-michael-dell-resign/http://www.dailyfinance.com/2009/11/20/dell-in-a-handbasket-should-founder-michael-dell-resign/#commentsFiled under: , ,

dell-in-a-handbasket-should-founder-michael-dell-resignWith apologies to Warren Buffett, it's only when the tide comes in that you learn who can swim. With waves of growth on the horizon for the tech sector, it's becoming increasingly apparent that Dell (DELL), the declining PC powerhouse, cannot swim. So maybe it's time for Michael Dell (pictured) to hit the showers. The company's founder returned in January 2007, supposedly to save the company after it spent years adrift. But his performance of late has been so poor that it arguably represents a breach of his fiduciary duty to shareholders. What makes Dell's slide particularly troubling is the apparent strength of other companies in the tech sector, including makers of microchips, personal computers and enterprise servers.

"We think this is a Dell-specific problem," Broadpoint AMTech analyst Brian Marshall said in an interview with CNBC. "They've had some trouble over the last few years guiding their company from a strategic perspective."

Continue reading Dell in a handbasket: Should founder Michael Dell resign?

Dell in a handbasket: Should founder Michael Dell resign? originally appeared on DailyFinance on Fri, 20 Nov 2009 13:30:00 EST. Please see our terms for use of feeds.

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]]>acerdeclinedellIBMin focusInFocusmichael dellMichaelDellPerotperot systemsPerotSystemsresignSam GustinFri, 20 Nov 2009 13:30:00 ESTSarah Palin: Yahoo email hack was 'devastating' to campaignhttp://www.dailyfinance.com/2009/11/20/sarah-palin-yahoo-email-hack-was-devastating-to-campaign/http://www.dailyfinance.com/2009/11/20/sarah-palin-yahoo-email-hack-was-devastating-to-campaign/http://www.dailyfinance.com/2009/11/20/sarah-palin-yahoo-email-hack-was-devastating-to-campaign/#commentsFiled under:

Of all the slings and arrows Sarah Palin suffered on the campaign trail, perhaps the "most disruptive and discouraging" was having her email account hacked into, the one-time vice presidential candidate writes in her new book, Going Rogue: An American Life. She echoed that sentiment in an interview with Fox News's Sean Hannity broadcast Wednesday night. At the height of the presidential campaign, a 20-year-old University of Tennessee student hacked into Palin's Yahoo email account and posted it online.

"That was quite devastating because I knew of some of the personal conversations I had that were in some inbox and I didn't know what was going to be out there," Palin told Hannity. "That caused a lot of disruption and even distrust within the campaign that was unfortunate."

Continue reading Sarah Palin: Yahoo email hack was 'devastating' to campaign

Sarah Palin: Yahoo email hack was 'devastating' to campaign originally appeared on DailyFinance on Fri, 20 Nov 2009 10:21:00 EST. Please see our terms for use of feeds.

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]]>bristol palinBristolPalinDavid KernellDavidKernellfox newsFoxNewsgoing rogueGoingRoguejohn mccainJohnMccainmccain campaignMccainCampaignSarah PalinSarahPalinscientologysean hannitySeanHannityYahooSam GustinFri, 20 Nov 2009 10:21:00 ESTFAA computer meltdown leads to flight delays and chaos, but no dangerhttp://www.dailyfinance.com/2009/11/19/flight-delays-and-chaos-after-faa-computer-meltdown-but-no-dang/http://www.dailyfinance.com/2009/11/19/flight-delays-and-chaos-after-faa-computer-meltdown-but-no-dang/http://www.dailyfinance.com/2009/11/19/flight-delays-and-chaos-after-faa-computer-meltdown-but-no-dang/#commentsFiled under:

flight-delays-and-chaos-after-faa-computer-meltdown-but-no-dangThe Federal Aviation Administration suffered a "widespread" computer malfunction Thursday morning, sending key parts of the national air traffic control system haywire and affecting Logan International in Boston, Hartsfield-Jackson in Atlanta, and all three major airports in New York. Authorities said the pilots were having trouble retrieving flight plans. CNN reported that the same system -- the National Airspace Data Interchange Network -- also failed last year. All flight plans were routed through Salt Lake City. Inclement weather was also delaying flights in the Northeast. According to the FAA, the computer system has been brought back online.

"The FAA has not seen a meltdown like this in years," a Continental Airlines (CAL) pilot told his passengers, CNBC's Becky Quick reported from a plane stuck at the gate at Newark Liberty International Airport. Quick said the pilot told passengers the system "completely melted down" today at 5 a.m. EST, forcing airline personnel to fill out flight plans by hand.

Continue reading FAA computer meltdown leads to flight delays and chaos, but no danger

FAA computer meltdown leads to flight delays and chaos, but no danger originally appeared on DailyFinance on Thu, 19 Nov 2009 11:30:00 EST. Please see our terms for use of feeds.

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]]>Air Trafficair traffic controlairlinesairplaneairplanesAirTrafficAirTrafficControlairtrancancelledCancelledFlightscomputercontinentalContinental airlinesContinentalAirlinesCrashDelaydelaysdeltafaaflightflight delaysFlightDelaysHartsfield Atlanta International AirportHartsfield-Jackson Atlanta International AirportHartsfield-jacksonAtlantaInternationalAirportHartsfieldAtlantaInternationalAirportmeltdownSam GustinThu, 19 Nov 2009 11:30:00 ESTHigh-tech letdown: Somali pirates repelled by bullets, not soundwaveshttp://www.dailyfinance.com/2009/11/18/high-tech-letdown-somali-pirates-repelled-by-bullets-not-sound/http://www.dailyfinance.com/2009/11/18/high-tech-letdown-somali-pirates-repelled-by-bullets-not-sound/http://www.dailyfinance.com/2009/11/18/high-tech-letdown-somali-pirates-repelled-by-bullets-not-sound/#commentsFiled under: ,

When a powerful "sonic cannon" was not "effective" in repelling Somali pirates during a high-seas showdown Wednesday, armed guards successfully battled off the marauders the good old-fashioned way -- with firearms, said Vice Adm. William Gortney, who commands the Pacific region for the U.S. Navy. After pirates opened fire on the Maersk Alabama -- an American ship that was hijacked just months ago -- the crew first responded by deploying an LRAD or Long Range Acoustic Device. The dish-shaped device emits a directional stream of ear-splitting noise.

But the device didn't faze the bandits, Gortney said. The ship's four-man armed crew then returned fire on the pirates, who fled. "A well-placed round from an M-16 is far more effective than that LRAD," Gortney said. Right now, Somali pirates hold 11 ships and 254 crew.

Continue reading High-tech letdown: Somali pirates repelled by bullets, not soundwaves

High-tech letdown: Somali pirates repelled by bullets, not soundwaves originally appeared on DailyFinance on Wed, 18 Nov 2009 20:15:00 EST. Please see our terms for use of feeds.

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]]>in focusInFocusMaerskAlabamaPiratesshippingsomaliaSomaliPiratessonic cannonSonicCannonSam GustinWed, 18 Nov 2009 20:15:00 ESTCharity case: Goldman Sachs, Warren Buffett launch small-biz programhttp://www.dailyfinance.com/2009/11/18/charity-case-goldman-sachs-warren-buffet-launch-small-biz-prog/http://www.dailyfinance.com/2009/11/18/charity-case-goldman-sachs-warren-buffet-launch-small-biz-prog/http://www.dailyfinance.com/2009/11/18/charity-case-goldman-sachs-warren-buffet-launch-small-biz-prog/#commentsFiled under: , ,

Just over 100 years ago, the sociologist Max Weber wrote his seminal book, The Protestant Ethic and the Spirit of Capitalism, in which he portrayed the pursuit of profit as virtuous and described work as a kind of religious duty. The attainment of wealth was seen as the fruit of labor, a blessing from God in return for hard work, piety and frugality.

Weber comes to mind thinking of the recent comment from Goldman Sachs (GS) Chairman and CEO Lloyd Blankfein (pictured) that the world's most successful bank is doing "God's work." It's hard to imagine that $16.7 billion in executive bonuses to millionaire bankers during a crippling recession is what Weber had in mind. In an effort to put its money where Blankfein's God-talk is, Goldman Sachs has announced it will partner with Warren Buffett, the very personification of virtuous capitalism, in a $500 million project to help small businesses.

Continue reading Charity case: Goldman Sachs, Warren Buffett launch small-biz program

Charity case: Goldman Sachs, Warren Buffett launch small-biz program originally appeared on DailyFinance on Wed, 18 Nov 2009 09:40:00 EST. Please see our terms for use of feeds.

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]]>Goldman SachsGoldmanSachsIn FocusInFocusLloyd BlankfeinLloydBlankfeinmax weberMaxWebersmall businessSmallBusinesswarren buffettWarrenBuffettSam GustinWed, 18 Nov 2009 09:40:00 ESTLou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wifehttp://www.dailyfinance.com/2009/11/16/lou-dobbs-talks-to-oreilly-about-obama-cnn-and-who-shot-at-his/http://www.dailyfinance.com/2009/11/16/lou-dobbs-talks-to-oreilly-about-obama-cnn-and-who-shot-at-his/http://www.dailyfinance.com/2009/11/16/lou-dobbs-talks-to-oreilly-about-obama-cnn-and-who-shot-at-his/#commentsFiled under: ,

During his short segment on The O'Reilly Factor Monday night, recently deposed CNN news anchor Lou Dobbs parried Bill O'Reilly's attempts to goad him into disparaging the Obama administration, but shed little light on his future plans. Dobbs said that in "the last 90 days," Jonathan Klein, the head of CNN, had made it clear that his vision for the network did not include "advocacy journalism" -- or Dobbs, a 28-year CNN veteran.

"Jon Klein and I talked about the issue of opinion itself and advocacy journalism and he wanted to take CNN in a different direction, and I tried to accommodate him." Dobbs, who graciously contented himself with $8 million to leave, also suggested that ideological opponents were responsible for an incident in which Dobbs's New Jersey mansion was fired upon.

Continue reading Lou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wife

Lou Dobbs talks to O'Reilly about Obama, CNN and who shot at his wife originally appeared on DailyFinance on Mon, 16 Nov 2009 21:15:00 EST. Please see our terms for use of feeds.

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]]>bill oreillyBillOreillycnnfox newsfox news channelFoxNewsFoxNewsChannelIn FocusInFocusLou DobbsLouDobbsobamathe oreilly factorTheOreillyFactorSam GustinMon, 16 Nov 2009 21:15:00 ESTGoogle eats more Web search share as Bing also rings up gains, Yahoo faltershttp://www.dailyfinance.com/2009/11/16/google-eats-more-web-search-share-as-bing-also-rings-up-gains-y/http://www.dailyfinance.com/2009/11/16/google-eats-more-web-search-share-as-bing-also-rings-up-gains-y/http://www.dailyfinance.com/2009/11/16/google-eats-more-web-search-share-as-bing-also-rings-up-gains-y/#commentsFiled under: , , ,

Internet titan Google (GOOG) increased its Web search market-share again in October, while No. 2 Yahoo (YHOO) lost share at a "scary" pace, in the words of one analyst. Bing, Microsoft's (MSFT) new service and the No. 3 player, also registered gains, reported ComScore, an Internet metrics company.

Overall, Google's web search share climbed to 65.4% last month, up from 64.9% in September. Microsoft rose to 9.9% from 9.4%, while Yahoo fell to 18% from 18.8%. October saw the fifth consecutive share increase for Microsoft. But Google's share increased to the highest level ComScore has ever registered for the company. "Tonight's data was positive for Google and Microsoft, and scary for Yahoo," Broadpoint AMTech internet analyst Ben Schachter said in a note to clients.

Continue reading Google eats more Web search share as Bing also rings up gains, Yahoo falters

Google eats more Web search share as Bing also rings up gains, Yahoo falters originally appeared on DailyFinance on Mon, 16 Nov 2009 21:00:00 EST. Please see our terms for use of feeds.

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]]>BingcomscoregoogleIn FocusInFocusInternetMicrosoftsearchsearch enginesSearchEnginesYahooSam GustinMon, 16 Nov 2009 21:00:00 ESTComcast's deal with GE for NBC Universal could come this weekhttp://www.dailyfinance.com/2009/11/15/comcasts-deal-with-ge-for-nbc-universal-could-come-this-week/http://www.dailyfinance.com/2009/11/15/comcasts-deal-with-ge-for-nbc-universal-could-come-this-week/http://www.dailyfinance.com/2009/11/15/comcasts-deal-with-ge-for-nbc-universal-could-come-this-week/#commentsFiled under: , , ,

Comcast, the nation's largest cable company, and General Electric, the giant industrial conglomerate, are finalizing an agreement that would create a new media titan anchored by NBC Universal. The deal would instantly remake the entertainment industry landscape. Negotiations are "moving in the right direction" but are not complete, sources close to the deal tell DailyFinance. Sunday was the first day of Vivendi's annual window -- from Nov. 15 to Dec. 10 each year -- to exercise its option to sell its 20% stake in NBC Universal.

Teams of lawyers and bankers huddled over the weekend. An announcement isn't likely on Monday, but it could come by week's end, according to knowledgeable sources. However, it's clear that the bankers and lawyers will make the deal happen -- it's what they're paid to do -- and they're looking to do it soon.

Continue reading Comcast's deal with GE for NBC Universal could come this week

Comcast's deal with GE for NBC Universal could come this week originally appeared on DailyFinance on Sun, 15 Nov 2009 22:30:00 EST. Please see our terms for use of feeds.

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]]>cablecomcastFCCFTCGEgeneral electricGeneralElectricJustice DepartmentJusticeDepartmentmediamergermergers and acquisitionsMergersAndAcquisitionsnbcnbc universalNbcUniversalTVvivendi universalVivendiUniversalSam GustinSun, 15 Nov 2009 22:30:00 ESTBurma's oil-rich generals can afford to ignore Obama on Suu Kyihttp://www.dailyfinance.com/2009/11/15/burmas-oil-rich-generals-can-afford-to-ignore-obama-on-suu-kyi/http://www.dailyfinance.com/2009/11/15/burmas-oil-rich-generals-can-afford-to-ignore-obama-on-suu-kyi/http://www.dailyfinance.com/2009/11/15/burmas-oil-rich-generals-can-afford-to-ignore-obama-on-suu-kyi/#commentsFiled under: ,

burmas-oil-rich-generals-can-afford-to-ignore-obama-on-suu-kyiPresident Barack Obama is trumpeting the stern criticism he gave the military generals who hold dominion over Burma, the resource-rich South Asian nation now known as Myanmar, at a meeting of Asian leaders on Sunday.

The Burmese junta is one of the most loathed regimes in the world -- a posse of paranoid, megalomaniacal cadres who kill, torture and repress their people with impunity. A throwback to the 20th century's failed Marxist revolutionary movements, the junta relies on Burma's vast resource wealth to maintain its grip on power.

And it is precisely that wealth -- which the generals capitalize on through bustling trade with China and India -- that allows them to ignore Obama's entreaties for reform.

Continue reading Burma's oil-rich generals can afford to ignore Obama on Suu Kyi

Burma's oil-rich generals can afford to ignore Obama on Suu Kyi originally appeared on DailyFinance on Sun, 15 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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]]>aseanAung San Suu KyiAungSanSuuKyiburmachinajuntamyanmarobamaoiltradeSam GustinSun, 15 Nov 2009 15:00:00 ESTMadoff computer programmers arrested; could face 30 years in $60B fraudhttp://www.dailyfinance.com/2009/11/13/madoff-computer-programmers-arrested-could-face-30-years-in-60/http://www.dailyfinance.com/2009/11/13/madoff-computer-programmers-arrested-could-face-30-years-in-60/http://www.dailyfinance.com/2009/11/13/madoff-computer-programmers-arrested-could-face-30-years-in-60/#commentsFiled under:

Federal authorities arrested two computer programmers who worked for convicted Ponzi patriarch Bernie Madoff (pictured), charging them with several criminal counts for their alleged role in the massive $60 billion scam. George Perez and Jerome O'Hara appeared in federal court Friday and faced charges of conspiracy, falsifying books and records of a broker dealer, and falsifying books and records of an investment adviser. The pair worked in Madoff's secretive 17th floor office at the Lipstick building, where the fraud was orchestrated.

"Jerome O'Hara and George Perez allegedly helped construct Bernie Madoff's house of cards," Preet Bharara, the United States attorney in Manhattan, said in a statement. "The computer codes and random algorithms they allegedly designed served to deceive investors and regulators and concealed Madoff's crimes."

Continue reading Madoff computer programmers arrested; could face 30 years in $60B fraud

Madoff computer programmers arrested; could face 30 years in $60B fraud originally appeared on DailyFinance on Fri, 13 Nov 2009 18:15:00 EST. Please see our terms for use of feeds.

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]]>andrew madoffAndrewMadoffbernie madoffBernieMadofffraudGeorge PerezGeorgePerezin focusInFocusIrving PicardIrvingPicardjerome oharaJeromeOharaLipstick BuildingLipstickBuildingmadoffmark madoffMarkMadoffPeter MadoffPeterMadoffPonzi SchemePonziSchemeshana madoffShanaMadoffSam GustinFri, 13 Nov 2009 18:15:00 ESTDecision to try 9/11 detainees in New York provokes heated debatehttp://www.dailyfinance.com/2009/11/13/decision-to-try-9-11-detainees-in-new-york-provokes-heated-debat/http://www.dailyfinance.com/2009/11/13/decision-to-try-9-11-detainees-in-new-york-provokes-heated-debat/http://www.dailyfinance.com/2009/11/13/decision-to-try-9-11-detainees-in-new-york-provokes-heated-debat/#commentsFiled under:

decision-to-try-9-11-detainees-in-new-york-provokes-heated-debateThe decision by U.S. Attorney General Eric Holder (pictured) to prosecute self-proclaimed 9/11-mastermind Khalid Sheik Mohammed in New York set off a major debate Friday over whether the move makes legal and practical sense.

Mohammed will face a jury trial in federal court in the Southern District of New York, only blocks away from the scene of the 2001 attack, where nearly 3,000 people lost their lives. "There were extraordinary crimes, and so we will seek maximum penalties," Holder said Friday in Washington, D.C. "I fully expect to direct prosecutors to seek the death penalty against each of the alleged 9/11 co-conspirators."

Continue reading Decision to try 9/11 detainees in New York provokes heated debate

Decision to try 9/11 detainees in New York provokes heated debate originally appeared on DailyFinance on Fri, 13 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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]]>9-11911al-qaedaal-qaidaattackattacksAttorney generalAttorneyGeneralco-conspiritorscourtdeath penaltyDeathPenaltyEric HolderEricHolderfederalguantanamoGuantanamo BayGuantanamoBaykhalid sheikh mohammadKhalid Sheikh MohammedKhalidSheikhMohammadKhalidSheikhMohammednew yorknew york cityNewYorkNewYorkCityobamaObama AdministrationObamaAdministrationosama bin ladenOsamaBinLadenterrorismterroriststrialWorld Trade CenterWorldTradeCenterWTCSam GustinFri, 13 Nov 2009 15:00:00 ESTGoogle pays $30M for Gizmo5; Did the search giant just blow up the phone biz?http://www.dailyfinance.com/2009/11/12/google-paid-30m-for-gizmo5-did-the-search-giant-just-blow-up-t/http://www.dailyfinance.com/2009/11/12/google-paid-30m-for-gizmo5-did-the-search-giant-just-blow-up-t/http://www.dailyfinance.com/2009/11/12/google-paid-30m-for-gizmo5-did-the-search-giant-just-blow-up-t/#commentsFiled under: , ,

Search giant Google (GOOG), which looks increasingly like a phone company, paid $30 million for Gizmo5, the Web-based calling startup, DailyFinance has confirmed with people familiar with the matter. The deal is done and the startup's staff has begun work integrating into the Google Voice team in Mountain View, Calif.

Skype was also in negotiations to buy Gizmo5 before the VoIP (voice over Internet protocol) giant's founders reached a settlement to re-take an ownership stake in the company. TechCrunch first reported the news earlier this week. The deal is a crucial step for the search titan because Google Voice now gains the technology to connect inbound and outbound calls to standard land-lines and cell phones, something it had lacked.

Continue reading Google pays $30M for Gizmo5; Did the search giant just blow up the phone biz?

Google pays $30M for Gizmo5; Did the search giant just blow up the phone biz? originally appeared on DailyFinance on Thu, 12 Nov 2009 21:10:00 EST. Please see our terms for use of feeds.

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]]>androidAppleATTgizmo5googlegoogle voiceGoogleVoiceiphoneskypevoipVoipCallingVoipPhoneSam GustinThu, 12 Nov 2009 21:10:00 ESTJob of the Week: UC-Santa Cruz is hiring a Grateful Dead archivisthttp://www.dailyfinance.com/2009/11/12/job-of-the-week-dude-uc-santa-cruz-is-hiring-a-grateful-dead-a/http://www.dailyfinance.com/2009/11/12/job-of-the-week-dude-uc-santa-cruz-is-hiring-a-grateful-dead-a/http://www.dailyfinance.com/2009/11/12/job-of-the-week-dude-uc-santa-cruz-is-hiring-a-grateful-dead-a/#commentsFiled under: ,

Hey, Wall Streeters: Fed up with your job trading now-worthless derivatives? Angry at The System for not recognizing systemic risk? Annoyed that your corporate Yankees box got yanked? Perhaps you should consider a career change. The University of California-Santa Cruz is looking for someone to fill what can truly be called a unique job opening: full-time Grateful Dead archivist.

It's a dream job...for many. Christine Bunting, head of Special Collections and Archives at the university library, says she has received "several dozen" applications. The job has been posted for six days -- which is about the length of the average Grateful Dead jam -- so take note, all you burned-out hedgies: you've still got time!

Continue reading Job of the Week: UC-Santa Cruz is hiring a Grateful Dead archivist

Job of the Week: UC-Santa Cruz is hiring a Grateful Dead archivist originally appeared on DailyFinance on Thu, 12 Nov 2009 16:20:00 EST. Please see our terms for use of feeds.

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]]>archivesarchivistchristine buntingChristineBuntingdeadheadsgooglegrateful deadGratefulDeadjerry garciaJerryGarcialarry pageLarryPagesanta cruzSantaCruzuniversity of californiaUniversityOfCaliforniaSam GustinThu, 12 Nov 2009 16:20:00 ESTWhy Intel's $1.25 billion AMD deal may not get Andrew Cuomo off its backhttp://www.dailyfinance.com/2009/11/12/why-intels-1-25-billion-amd-deal-may-not-get-andrew-cuomo-off/http://www.dailyfinance.com/2009/11/12/why-intels-1-25-billion-amd-deal-may-not-get-andrew-cuomo-off/http://www.dailyfinance.com/2009/11/12/why-intels-1-25-billion-amd-deal-may-not-get-andrew-cuomo-off/#commentsFiled under: , , , , ,

Intel, the world's largest microchip maker, said Thursday it has agreed to pay $1.25 billion to Advanced Micro Devices (AMD), its much smaller archrival, to settle an epic legal dispute with AMD that had its origins in the mid-'80s. Although Intel (INTC) itself admits the settlement doesn't require it to change its practices, the move may well be an olive branch directed at New York Attorney General Andrew Cuomo (pictured), who just last week launched a massive antitrust lawsuit against Intel. The chipmaker also continues to face regulatory scrutiny from Europe to Asia.

In Cuomo's case, the investigation may be as much about bolstering his political credentials as competition in the Empire State. "It's common political wisdom that Andrew Cuomo wants to be the governor of New York," says Steven Greenberg, a pollster at Siena College in Albany, N.Y.

Continue reading Why Intel's $1.25 billion AMD deal may not get Andrew Cuomo off its back

Why Intel's $1.25 billion AMD deal may not get Andrew Cuomo off its back originally appeared on DailyFinance on Thu, 12 Nov 2009 13:55:00 EST. Please see our terms for use of feeds.

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]]>amdantitrust lawsuitAntitrustLawsuitintelSam GustinThu, 12 Nov 2009 13:55:00 ESTLou Dobbs is leaving CNN: Could Fox News be in his future?http://www.dailyfinance.com/2009/11/11/lou-dobbs-is-leaving-cnn-could-fox-news-be-in-his-future/http://www.dailyfinance.com/2009/11/11/lou-dobbs-is-leaving-cnn-could-fox-news-be-in-his-future/http://www.dailyfinance.com/2009/11/11/lou-dobbs-is-leaving-cnn-could-fox-news-be-in-his-future/#commentsFiled under: , ,

Lou Dobbs, the voluble CNN anchor who became a political lightning rod for his outspoken views on immigration and global trade, is leaving the cable news network effective immediately, he announced on his show Wednesday night. Dobbs, one of the premier news broadcasters in the television business, was the last of the original anchors at CNN, which pioneered the cable news format 30 years ago. Dobbs's contract extended through the end of 2011, but he said CNN had agreed to let him leave early.

"Some leaders in the media, politics and business have been urging me to go beyond my role here at CNN and engage in constructive problem-solving," said Dobbs, who had dubbed himself "Mr. independent" of late, adding that he aimed to stay involved in the national discourse.

Continue reading Lou Dobbs is leaving CNN: Could Fox News be in his future?

Lou Dobbs is leaving CNN: Could Fox News be in his future? originally appeared on DailyFinance on Wed, 11 Nov 2009 20:15:00 EST. Please see our terms for use of feeds.

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]]>cnnCNNMoneyfox business channelfox newsFoxBusinessChannelFoxNewsIn FocusInFocusLou DobbsLouDobbsmsnbcroger ailesRogerAilesSam GustinWed, 11 Nov 2009 20:15:00 ESTSuspicious trading before HP's $2.7 billion 3Com bid; SEC closed for holidayhttp://www.dailyfinance.com/2009/11/11/suspicious-trading-before-hps-2-7-billion-3com-bid-sec-closed/http://www.dailyfinance.com/2009/11/11/suspicious-trading-before-hps-2-7-billion-3com-bid-sec-closed/http://www.dailyfinance.com/2009/11/11/suspicious-trading-before-hps-2-7-billion-3com-bid-sec-closed/#commentsFiled under: ,

Somebody get the SEC on the phone, stat! Oh wait, they were closed Wednesday for Veterans Day.

Suspicious activity in the options market for 3Com (COMS) raised concerns late Wednesday that news of computer and printer maker Hewlett-Packard's (HPQ) $2.7 billion purchase of the networking company was leaked before the deal was officially announced, according to multiple reports. If this were the case, the activity could be a possible violation of securities law against insider trading.

There was an abnormally massive spike in activity for November and December call options, which would give the holder the right to buy 3Com shares at $5. The stock was up 35% in after-hours trading to $7.65, meaning that someone who exercised the option could have realized a huge paper gain in a matter of hours.

Continue reading Suspicious trading before HP's $2.7 billion 3Com bid; SEC closed for holiday

Suspicious trading before HP's $2.7 billion 3Com bid; SEC closed for holiday originally appeared on DailyFinance on Wed, 11 Nov 2009 19:30:00 EST. Please see our terms for use of feeds.

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]]>3comCiscoGalleon GroupGalleonGrouphewlett-packardinsider tradingInsiderTradingRaj RajaratnamRajRajaratnamSam GustinWed, 11 Nov 2009 19:30:00 ESTHewlett-Packard buys 3Com for $2.7 billion in a major challenge to Ciscohttp://www.dailyfinance.com/2009/11/11/hewlett-packard-buys-3com-for-2-7-billion-in-a-major-challenge/http://www.dailyfinance.com/2009/11/11/hewlett-packard-buys-3com-for-2-7-billion-in-a-major-challenge/http://www.dailyfinance.com/2009/11/11/hewlett-packard-buys-3com-for-2-7-billion-in-a-major-challenge/#commentsFiled under: , , , , ,

Computer giant Hewlett-Packard (HPQ) announced a $2.7 billion deal to buy 3Com (COMS), the huge networking company, late Wednesday. It's HP's fourth-largest acquisition ever and instantly makes the Silicon Valley pioneer the second-largest networking company in the world after Cisco Systems (CSCO). The deal, which represents a 44% premium on 3Com stock, sent 3Com shares soaring some 35% to $7.65, 25 cents short of HP's offer, in after-hours trading.

HP's move is a bold attack on Cisco, the networking Goliath. "Companies are looking for ways to break free from the business limitations imposed by a networking paradigm that has been dominated by a single vendor," Dave Donatelli, HP's executive vice president and general manager for enterprise servers and networking, said in a statement.

Continue reading Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco

Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco originally appeared on DailyFinance on Wed, 11 Nov 2009 17:30:00 EST. Please see our terms for use of feeds.

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]]>3comacquisitionCisco SystemsCiscoSystemscomputerhewlett-packardHPIBMMAnetworknetworkingserverSam GustinWed, 11 Nov 2009 17:30:00 ESTMotorola wants to focus on cells, sell off the rest: Why spinoff plan is a bad callhttp://www.dailyfinance.com/2009/11/11/motorola-wants-to-focus-on-cells-sell-off-the-rest-why-spinoff/http://www.dailyfinance.com/2009/11/11/motorola-wants-to-focus-on-cells-sell-off-the-rest-why-spinoff/http://www.dailyfinance.com/2009/11/11/motorola-wants-to-focus-on-cells-sell-off-the-rest-why-spinoff/#commentsFiled under: ,

motorola-focus-on-cells-sell-off-the-rest-spinoff-bad-ideaMotorola (MOT), the once-soaring cell phone maker now attempting a comeback, is looking to offload its television set-top box and business equipment unit for $4.5 billion, according to The Wall Street Journal. The plan's proponents argue it would leave a more streamlined business focusing on the white-hot mobile space, where the company has garnered good reviews for its new Droid phone.

But Jim Kelleher, an analyst with Argus Research, says the spinoff would be a mistake for Motorola. The company -- and its shareholders -- would be better served by leaving the company intact for now, he says. "If the company splits up, the parts would be exposed to cyclical tornadoes," Kelleher told DailyFinance. "Also, they would lose a lot of shared best practices, shared intellectual property and shared research and development. All these things would be isolated."

Continue reading Motorola wants to focus on cells, sell off the rest: Why spinoff plan is a bad call

Motorola wants to focus on cells, sell off the rest: Why spinoff plan is a bad call originally appeared on DailyFinance on Wed, 11 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

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]]>businesscellcell phonecell phonescellphonecellphonesdroidequipmentfirst-respondersgovernmentmobileMotorolasellset-top-boxspinoffSam GustinWed, 11 Nov 2009 16:00:00 ESTYahoo's Carol Bartz talks turnaround, says 'no delay' on Microsoft search dealhttp://www.dailyfinance.com/2009/11/10/yahoos-carol-bartz-talks-turnaround-says-no-delay-on-mircoso/http://www.dailyfinance.com/2009/11/10/yahoos-carol-bartz-talks-turnaround-says-no-delay-on-mircoso/http://www.dailyfinance.com/2009/11/10/yahoos-carol-bartz-talks-turnaround-says-no-delay-on-mircoso/#commentsFiled under: , , , , ,

In the technology world, every day seems like Google day. Or Apple day. Or Microsoft day. Or Facebook day. Or Twitter day. So where the heck is Yahoo (YHOO), the erstwhile search titan that has suffered humiliating trials and tribulations over the last two years?

Answer: It's plotting and planning to regain its lost luster, according to still-relatively-new CEO Carol Bartz. During a luncheon hosted by the American Chamber of Commerce on Tuesday in Singapore, Bartz sounded bullish notes about Yahoo, as well as the broader economy.

Continue reading Yahoo's Carol Bartz talks turnaround, says 'no delay' on Microsoft search deal

Yahoo's Carol Bartz talks turnaround, says 'no delay' on Microsoft search deal originally appeared on DailyFinance on Tue, 10 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

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]]>carol bartzCarolBartzgooglein focusInFocusMicrosoftsearchsearch enginesSearchEnginesYahSam GustinTue, 10 Nov 2009 11:40:00 ESTConsumer groups blast Obama's secret trade talkshttp://www.dailyfinance.com/2009/11/10/consumer-groups-decry-secret-global-trade-treaty-as-obamas-gift/http://www.dailyfinance.com/2009/11/10/consumer-groups-decry-secret-global-trade-treaty-as-obamas-gift/http://www.dailyfinance.com/2009/11/10/consumer-groups-decry-secret-global-trade-treaty-as-obamas-gift/#commentsFiled under:

Consumers groups have accused President Barack Obama of favoring a global trade agreement -- currently being negotiated in secret on national security grounds -- that would include harsh provisions similar to France's "three strikes" law, which cuts off internet access for repeated digital piracy. In a letter sent to Congress, the consumer groups expanded on previous concerns expressed by civil libertarians over the secrecy of the treaty -- the Anti-Counterfeiting Trade Agreement (ACTA) -- and lambasted the substance of the agreement.

Not surprisingly, Rupert Murdoch, the powerful media mogul, expressed support for a three-strikes-like regime. "There's a lot of movement to get that put in America and become a world standard," Murdoch told Sky News, "because in the music industry today, it's very, very hard for young talent to get started and established."

Continue reading Consumer groups blast Obama's secret trade talks

Consumer groups blast Obama's secret trade talks originally appeared on DailyFinance on Tue, 10 Nov 2009 10:30:00 EST. Please see our terms for use of feeds.

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]]>ACTAAntiCounterfeitcounterfeitcounterfeitinginternetobamaObama AdministrationObamaAdministrationpiracysecrecysecrettreatySam GustinTue, 10 Nov 2009 10:30:00 EST