Palm

Palm, the onetime handset pioneer, is in trouble. The company lowered its 2010 sales forecasts for its Pre and Pixi devices, which were supposed pull it out of a slump. Sales would be "well below" the $1.6 billion to $1.8 billion it had previously forecast, Palm said.

The news likely to affect stock prices today, including strong showing from retail as Sears profit soars, Nordstrom's doubles, and Home Depot beats expectations and raises its dividend.

Google more than doubled Android's still-small slice of the market in fourth-quarter 2009, claiming 5.2%, up from 2.5% in the third quarter, according to comScore. That puts Android within reach of Palm's 6.1% share. Research in Motion and Apple are still the leaders by far.

It's a tale of two companies, one naughty and one nice: Palm, the struggling smartphone pioneer, and Research in Motion, maker of the BlackBerry. They reported widely divergent results, offering a stark dichotomy of success and failure amid the most competitive mobile-phone market ever.

GPS software- and hardware-maker TomTom slashed prices on its iPhone turn-by-turn navigation app, The Unofficial Apple Weblog (TUAW) reported Monday. The new price for the app providing directions in the U.S. is $49, well down from the original price of $99, as reported by Engadget.

The quickly rising popularity of cell phones powered by Google's new mobile operating system is making one cohort of the mobile phone ecosystem nervous: Application developers could suffer if they need to keep tweaking code to work with multiple models.

First comes the nasty entry of Google's (GOOG) freebie turn-by-turn voice-activated navigation app. Then comes news that this holiday shopping season may be the first where we see GPS devices by popular makers TomTom and Garmin (GRMN) drop to the $50 price range, an area never before seen for these...

Home Depot (HD) said Tuesday that its third-quarter earnings fell 8.9% to $689 million, or 41 cents per share, as the housing and renovation markets remained weak. Revenue fell 8% to $16.36 billion. Same-store sales dropped 6.9%. Results beat estimates of 36 cents per share on revenue of $16.27...

AIG (AIG) CEO Robert Benmosche has threatened to step down from the top job only three months after taking it as he struggles to deal with heavy government oversight and restrictions on pay to employees, according to the Wall Street Journal. Shares declined over 1.5% in premarket trading.

UPS (UPS),...

The $750 million acquisition of mobile advertising network AdMob by search giant Google (GOOG) signals a new stage of the battle for the soul of the mobile Internet between Google and its arch-rival Apple (AAPL). The acquisition gives Google the strongest player in the fast-growing market for...