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Updated: 41 min 39 sec ago

Amazon Agrees To Buy Digital Comics Firm ComiXology

Thu, 04/10/2014 - 4:44pm
Amazon.com on Thursday said it has agreed to buy comiXology, a digital comics company.
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Asia Overtakes U.S. As Top Destination for Venezuela Oil: PDVSA

Thu, 04/10/2014 - 4:40pm
Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels, according to preliminary data submitted to parliament by state oil company PDVSA.
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Gap Hit by 6% March Sales Drop, Missing Expectations

Thu, 04/10/2014 - 4:30pm
Gap disclosed a weaker-than-expected 6% drop in March same-store sales as Old Navy and the apparel maker’s namesake brand stumbled at the end of the first quarter.
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Facebook Says FTC Cleared WhatsApp Deal

Thu, 04/10/2014 - 4:20pm
Facebook said U.S. regulators have cleared its $19 billion acquisition of mobile messaging service WhatsApp, even as the Federal Trade Commission warned the two Internet companies on Thursday that they must not backtrack on commitments to user privacy.
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Zynga Names David Lee New CFO

Thu, 04/10/2014 - 4:18pm
Zynga Inc. on Thursday named David Lee as the social gaming company's new chief financial officer and chief accounting officer effective April 14. Lee is replacing Mark Vranesh who is leaving the company, Zynga said in a statement.
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Zynga Names Former Best Buy Executive CFO

Thu, 04/10/2014 - 4:11pm
Zynga has appointed former Best Buy executive David Lee its chief financial officer as Zynga continues reshuffling its ranks to try to return the "Farmville" creator to growth.
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Lew Warns Russia's Siluanov Of More Sanctions

Thu, 04/10/2014 - 4:09pm
Treasury Secretary Jack Lew warned his Russian counterpart, Russian Finance Minister Anton Siluanov, of "additional significant sanctions" if the country continues to escalate the situation in Ukraine, a spokesperson said Thursday.
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Nasdaq Drops Most Since 2011; Dow Drops 267 Pts

Thu, 04/10/2014 - 4:09pm
U.S. stocks sold off on Thursday, led by steep drops in biotech and Internet stocks.
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Brent Crude Drifts Lower As China Slows

Thu, 04/10/2014 - 4:07pm
Global crude oil drifted modestly lower on Thursday, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.
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Facebook says WhatsApp deal cleared by FTC

Thu, 04/10/2014 - 4:00pm
Facebook Inc said U.S. regulators have cleared its $19 billion acquisition of mobile messaging service WhatsApp, even as the Federal Trade Commission warned the two Internet companies on Thursday that they must not backtrack on commitments to user privacy.
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Volatility Index Jumps 17% As Nasdaq Gets Hit

Thu, 04/10/2014 - 3:53pm
The CBOE Volatility Index surged Thursday as stocks sold off across the board and the Nasdaq Composite Index was looking at its worst day since late 2011.
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Icahn says he might buy more eBay shares

Thu, 04/10/2014 - 3:39pm
Activist investor Carl Icahn said in an interview on Thursday that eBay Inc stock is undervalued and that he might buy more shares.
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StubHub Bets on 'All-In' Pricing Strategy, Sees Growth

Thu, 04/10/2014 - 2:58pm
StubHub rolled out an all-in pricing model starting with Major League Baseball last year, getting rid of the extra fees when you check out, and has now extended it to everything on its site.
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Corporations Better Credit Risk than States, Cities Because of Pension Obligations

Thu, 04/10/2014 - 2:55pm
Unfunded pension liabilities pose a greater credit risk for investors in municipal bonds than investors who buy corporate debt, according to a just-released report from Moody’s Investors Service. 
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Oil Ends Lower For First Time In Three Sessions

Thu, 04/10/2014 - 2:38pm
Oil futures marked their first loss in three sessions on Thursday as an unexpected drop in March Chinese exports from a year earlier fed worries about energy demand.
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Internet, Software Stocks Fall Led By Facebook, Workday, Pandora

Thu, 04/10/2014 - 2:24pm
Internet and software stocks retreated Thursday, as shares of Pandora Inc., Facebook Inc., Yahoo Inc. and Workday led the tech sector in joining a broad market selloff.
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GM Puts Two Engineers on Leave, Adds Second Part to Recall

Thu, 04/10/2014 - 2:15pm
General Motors said two of its engineers have been placed on leave in light of the automaker's ignition-switch recall.
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Truthiness: Stephen Colbert to Replace Letterman at CBS

Thu, 04/10/2014 - 2:15pm
After hosting his own Comedy Central show for nearly a decade, comedian Stephen Colbert has been tapped to succeed David Letterman as host of CBS’s "The Late Show."
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Financial Stocks Fall Ahead Of Bank Earnings

Thu, 04/10/2014 - 2:13pm
Financial stocks fell on Thursday, with the broader market about concerns on corporate profits.
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Gold Up Over 1%, Logs Highest Close In Nearly 3 Weeks

Thu, 04/10/2014 - 2:10pm
Gold futures settled higher on Thursday to log their highest close in nearly three weeks after minutes from the Federal Reserve's March meeting showed a dovish stance among officials.
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