The United States Department of Justice is expected to announce a settlement today (Wednesday) with Toyota Motor Corp. (NYSE: TM) that would end a criminal investigation into the automaker's failure to disclose information regarding safety issues.
The settlement is expected to top $1 billion, making it one of the largest fines ever paid by an automaker.
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Several big investment firms said yesterday (Tuesday) that they are buying stakes in a Bitcoin hedge fund – yet another sign that major players in the investing world are getting serious about the digital currency.
Fortress Investment Group, with about $58 billion in assets under management, along with venture capital firms Benchmark Capital and Ribbit Capital, are teaming up with San Francisco-based Pantera Bitcoin Partners LLC, a hedge fund operator that buys and sells digital currencies like Bitcoin.
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Yesterday (Tuesday), Google Inc.(Nasdaq: GOOG) announced "Android Wear," an extension of its mobile Android operating system (OS) designed to power wearable gadgets – and it's going to be awesome.
Google said it will make its initial push in smartwatches, but that Android Wear won't end there.
"We're just getting started. The possibilities with devices that you wear on your body are endless," Android Director of Engineering David Singleton said in a preview video released along with the announcement.
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Horizon Pharma Inc. (Nasdaq: HZNP) stock jumped more than 15% today (Wednesday) after it announced it will buy privately held Vidara Therapeutics International Ltd. in a cash and stock deal valued at $660 million.
The Deerfield, Ill.-based specialty pharmaceutical firm said the resulting company, Horizon Pharma PLC, will be 26% owned by shareholders of Vidara, which has operations in Dublin and the United States. Vidara shareholders will also share some $200 million in cash.
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Today's stock market report, Mar. 19, 2014: The Dow Jones Industrial Average rose 0.55% on Tuesday to finish at 16,336.19. The S&P 500 added 0.72% to end the day at 1,872.25, while the Nasdaq jumped 1.25% to close at 4,333.31.
U.S. stock futures are up this morning as markets remain calm but guarded over Russian President Vladimir Putin's assurances on future intervention in Ukraine. Nonetheless, global markets were up and down ahead of today's Federal Open Market Committee (FOMC) meeting announcement at 2:30 p.m. EST.
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U.S. blue chips suffered their biggest drop in five weeks recently because the latest round of economic reports are fostering a lot of uncertainty about the prospects for continued global growth.
For most investors, it's been that kind of year.
But I continue to believe that the tech sector – especially here in the U.S. – still has a lot of fuel left in its tank.
Because I know a lot of you folks are concerned, I thought we'd take the time to alleviate some of those fears… and make some money along the way.
And the best way to alleviate fears is to initiate a plan of action.
So that's just what we're going to do.
Today I'm going to show you a strategy that will help you put the odds in your corner.
And I'm even going to give you a tech stock that will get you started.
When you're done reading this, you'll be ready to laugh at the next sell-off.
Stock market today, March 18, 2014: The Dow Jones Industrial Average increased 0.55% to finish at 16,336.19. The S&P 500 added 0.72% to end the day at 1,872.25, while the Nasdaq jumped 1.25% to close at 4,333.31.
The big news today includes a surge in U.S. food prices on the horizon, yet another U.S. bank settling for its bad behavior, Russia annexing Crimea, and a Microsoft swell to near-record levels not seen since 2000.
Here's what you need to know after the bell...
Microsoft Corp. (Nasdaq: MSFT) stock reached its highest price since 2000 today (Tuesday) following reports that the tech company will release a version of its "Office" software for Apple Inc.'s (Nasdaq: AAPL) iPad.
In morning trading, MSFT touched $39.90 per share. That was a 5% increase from yesterday's close.
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Global Geophysical Services Inc. (NYSE: GGS) played today's (Tuesday) "stock market crasher," plunging 60.68% to an all-time low after announcing that several of its past financial reports are inaccurate.
On Monday, the provider of seismic data to energy companies shocked with Q4 and full-year 2013 earnings. In it the company stated its financial reports and related auditors' reports for each of the fiscal years ended Dec. 31, 2012, 2011, 2010, and 2009, plus the first, second, and third quarters of 2013, "should no longer be relied upon because of accounting errors resulting from material weaknesses in the company's internal controls."
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