<< Read Full Article
<< Read Full Article
Updated from 1:29 p.m. EDT
Big-name tech stocks were mixed in early afternoon Tuesday.
Microsoft's(MSFT Quote) stock price was falling following an announcement that the company was moving forward with plans to cut thousands of workers in the company's first-ever layoffs. Microsoft cut 1,400 jobs when it announced the staff reductions in January. According to reports, after the cuts announced Tuesday nearly 5,000 employees will have been fired. Microsoft shares fell 2% to $19.79.
In other Microsoft news, rumors are swirling -- again -- that the software shop is moving closer to a search ad deal with Yahoo!(YHOO Quote). Whether they believe the rumors or not, investors drove Yahoo!'s share price up 4% to $14.74. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet