Facebook's decision to spend a massive $19 billion on mobile messaging specialist WhatsApp is greeted with surprise after the deal was announced late on Wednesday. A number of Wall Street analysts, however, see the deal as positive for Facebook.
Facebook has signed a $19 billion deal to acquire mobile messaging company WhatsApp.
King Digital Entertainment, maker of the popular Candy Crush Saga game, plans to take the public plunge, aiming to raise $500 million in an IPO.
Jos. A Bank has announced an $825 million deal to buy Eddie Bauer, citing its long-standing interest in the retailer.
Cisco beat Wall Street's estimates in its second-quarter results, although the company's shares tanked on its guidance and weakness in some key markets. Here's what Wall Street says about the numbers.
Cisco CFO Frank Calderoni talks second-quarter numbers, explaining how the networking giant is returning to positive growth one quarter at a time.
Cisco beat Wall Street's top and bottom line estimates in its second-quarter results, released after market close, and hiked its quarterly dividend to 19 cents a share.
Cisco reports its second-quarter results after market close on Wednesday with investors eager to see whether the networking giant can bounce back after a weaker-than-expected first quarter.
Facebook CEO Mark Zuckerberg and his wife Priscilla Chan donated almost $1 billion to charitable causes in 2013, topping the Chronicle of Philanthropy's ranking of the 50 donors who gave the most to charity.
Cognizant CFO sees a positive impact from the Affordable Care Act and strength in the financial sector.