Wednesday, October 17, 2007
EBay swings to loss on Skype charges; revenues jump 30 percent
DJIA
13,892
-20.40
S&P
1,541
+2.71
NASDAQ
2,792
+28.76
10Yr
4.55%
-0.109
EBay swings to loss on Skype charges; revenues jump 30 percent
SAN FRANCISCO
EBay Inc. swung to a loss in the third quarter due to a large write-off
of its investment into Internet telephony carrier Skype, but results
excluding the charge came in well above Wall Street's estimates.
After Hours: EBay jumps; E-Trade drops after posting Q3 loss
LOS ANGELES
Late-traders bid up shares of online auctioneer EBay Inc. Wednesday
evening after the company issued an upbeat financial outlook, while
E-Trade Financial Corp. shares dropped more than 2% after the online
broker swung to a quarterly loss.
Market Snapshot: U.S. stocks' roller coaster ride leads to mixed ending
NEW YORK
U.S. stocks closed mixed on Wednesday after escalating oil prices
quashed an earlier rally, but the technology-dominated Nasdaq Composite
retained solid gains on profits from bellwethers United Technologies
Corp. and Intel Corp.
Futures Movers: Crude backs off from record $89/bbl to end lower
NEW YORK
Crude oil futures finished lower Wednesday, as traders took profits
after a surge which earlier sent the benchmark contract to a record high
of $89 a barrel.
Mark Hulbert: What top timers are saying now vs in March 2000
ANNANDALE, Va.
The newsletters with the best long-term market timing records at the top
of the market in March 2000 were not completely out of stocks.
