Michael Burns

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Marvell Technology says PC and storage weakness hurt its 1st-quarter revenue, and shares slide

Chipmaker Marvell Technology slashed its revenue forecasts Friday, saying weak results from the PC and storage markets and reduced demand from emerging markets are hurting its business.<p>The company now expects to report $710 million to $740 million in revenue, far below its previous estimate of $810 …

Why Shares of Microsoft Corporation Surged Today

<i>Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.</i><p><b>What:</b> Shares of <b>Microsoft</b> jumped on Friday after the company beat analyst expectations for both revenue and earnings …

Baby Boomers face financial anxiety, 'giganomics'

Gabriella Barthlow, 52, totally gets it when people talk about the financial anxiety some people 50 and older are feeling.<p>While the recession is over, Barthlow says some people who should feel good about the prospects of retirement are fearful because they're stuck stringing together a variety of …

Retirement

How London man may have helped trigger the 'flash crash'

NEW YORK (AP) — He operated from a modest suburban London home he shared with his parents, far from the city's glamorous financial center. He used off-the-shelf software anyone can buy.<p>Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world's …

Stock Markets

Billionaires versus big oil

<i>Above illustration by Vladimir Shelest: Photographs by Fink: Mardi Welch Dickinson—Kymry Group; Skoll: Jamie McCarthy—Getty Images; Walton: Sarah</i> …

Fossil Fuels

CVS Health Prepares Its Business for the Cultural Demographic Shift

Lou Mercado has more than 20 years of experience in turnaround, startup and fast-paced environments, where he has driven organizational improvements and implemented best practices in a diverse number of areas: supply chain, retail, logistics, inventory management and operations. Today, as the vice …

Demographics

Stocks rise on tech companies’ earnings

NEW YORK — Stocks advanced slightly Friday as investors cheered the quarterly results of three large technology companies: Google, Microsoft and Amazon.<p>The modest gains helped close out a relatively strong week for stocks, with the three major indexes rising between 1.4 and 3.2 percent in five …

Investing

South Korea’s chaebol problem

Eom Ha-yong is old enough to remember a time when South Korea's enormous conglomerates were as respected as they were powerful.<p>He was born in 1949, a few years after Korea was carved into North and South by the Cold War superpowers and one year before 10 per cent of the population would perish in …

Chesapeake to pay $25 million to settle Michigan charges

Chesapeake Energy Corp. has agreed to pay $25 million to settle antitrust allegations made by Michigan’s attorney general, as well as complaints that …

Oil & Gas Industry

A change in Facebook's top paid execs speaks volumes about the company's priorities

Chris Cox, Facebook's chief product officer, made his debut appearance on the company's proxy statement today, with a total 2014 compensation package worth $12.47 million.<p>He took the spot of David Fischer, Facebook's VP of business and marketing partnerships, who was among the five highest-paid …

Advertising

Fortune.com

• 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, …

Print Media

Why Amazon paid for 2,000 employees to take classes in things like airplane mechanics and nursing

Rarely do you see the CEO of a $180 billion company care much about its warehouse workers.<p>But Amazon CEO Jeff Bezos takes a pretty unique approach in providing career help to its employees at the company’s fulfillment centers, where Amazon‘s orders get packaged and shipped.<p>Since 2012, Amazon has …

S. Africa braces for economic backlash from xenophobic attacks

A demonstrator holds a banner in Johannesburg on April 23, 2015 during a march gathering several thousand of people to protest a recent wave of xenophobic attacks © AFP Gianluigi Guercia<p>Johannesburg (AFP) - A wave of xenophobic attacks in South Africa could provoke reprisals from neighbouring …

South Africa

Finance Minister Schäuble hints at preparations for a Plan B on Greece | DW | 26.04.2015

Speaking to journalists on Saturday after the eurozone group of finance ministers had failed to progress in talks with Greece over its reforms in …

Europe

This security flaw puts online shoppers’ data at risk

Criminals are exploiting a vulnerability in about 71,000 e-commerce websites that puts information including customers’ stored credit-card data at …

eCommerce

Tullow says 'TEN' oil project 'can move ahead' after court ruling

ACCRA (Reuters) - British company Tullow said on Saturday its offshore oil and gas project TEN "can move ahead" after an international maritime tribunal ruled in a border dispute between Ghana and Ivory Coast.<p>The company said it would await instructions from Ghana's government on implementing …

Ivory Coast

Here's how Warren Buffett sees the stock market

The Nasdaq is back at all-time highs.<p>After closing at 5,048 back in March 2000, the Nasdaq took more than 15 years to close above that level, closing at 5,056 on Thursday to make a new record closing high. During the day on Thursday, the S&P 500 also breached an intraday record high.<p>And while it's …

Stock Markets

Wolf's tax plan will tap money from all income levels, independent analysis says

Gov. Tom Wolf's sprawling package of tax changes he is seeking may not necessarily spare lower-income households, as his administration contends, the Legislature's fiscal analysis arm said this week.<p>The Independent Fiscal Office analysis released Thursday projected that Wolf's tax package would …

Handicapping Apple's earnings

This should be another big one.<p>Not as big as Apple’s Christmas quarter, the most profitable in U.S. corporate history. But surely Apple’s biggest …

Profit

Can Pimco's quiet point man shine in public?

Battling poor returns and management turmoil early last year, Pacific Investment Management Co. posted a promotional video on its website to reassure nervous investors.<p>Co-founder and celebrated bond manager Bill Gross, a ubiquitous presence on financial TV channels, was flanked by new faces, …

GM's Mary Barra makes way more than the last guy in the job

GM is turning gender pay inequality on its head.<p>Mary Barra, first female CEO of GM, got paid $16.2 million for 2014, which is 78% more than her male predecessor Dan Akerson.<p>Akerson's pay had been limited by the fact that GM (GM) executive pay was subject to government oversight during his tenure …

Mary Barra

Microsoft Looks to the Cloud as Sales of Windows Tumble

It used to be that software giant Microsoft could count on its flagship Windows operating system as a big contributor to its bottom line. With …

Amazon Web Services

Japan PM Abe visits USA amid controversial WWII remarks

TOKYO — Japan Prime Minister Shinzo Abe begins a historic, week-long visit to the United States on Sunday that will highlight strengthened trade and defense ties between the two countries, and feature the first address by a Japanese leader before a joint session of Congress.<p>Now, if the …

Japan

If Greece goes down, no one wants their prints on the murder weapon

BRUSSELS (Reuters) - "We're going bust." "No, you're not." "You're strangling us." "No we're not." "You owe us for World War Two." "We gave already."<p>The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no …

Europe

Coffee drinkers rejoice: Price of beans hits four-year low

Cash-strapped consumers finally have some good news to toast -- perhaps with a steaming cup o' joe.<p>The price of coffee beans hit a four-year low on Monday.<p>Dry weather has improved growing conditions in Brazil, the world’s largest producer and exporter. Globally, production is set to exceed demand …

Holiday present: $3.15 a gallon gas by Christmas

Xmas gas prices expected to average $3.15 a gallon, lowest since 2010<p>Gasoline prices are likely to continue sliding for the rest of the year and could fall to an average $3.15 a gallon nationwide by Christmas, the lowest national holiday season average since 2010.<p>That's about 20 cents a gallon …