HONG KONG (MarketWatch) -- Yahoo China president Xie Wen resigned his position Monday after less than two months on the job, citing personal reasons, according to the company.The resignation comes at a time when Yahoo China faces difficulties restructuring amid sliding market share in the competitive Chinese Internet search space. Analysts said the resignation may reflect management conflict on whether Yahoo China should focus on the Internet search market or expand into other areas involving video-sharing and community-focused online sites, according to a Dow Jones Newswires, citingFrances Guan, a Beijing-based analyst at market research firm In-Stat. paid 1$ billion and transferred all of its existing China assets to Alibaba.com in return for a 40% stake in the company in October 2005. read more?
U.S. stocks close higher as investors return after heavy losses
NEW YORK (MarketWatch) -- U.S. stocks closed higher on Tuesday as investors digested a spate of economic data and remarks from Federal Reserve Chairman Ben Bernanke and came back to the market following the prior day's sharp losses."Good markets don't give up easily," said Al Goldman, chief market strategist at AG Edwards. The Dow Jones Industrial Average closed up 14 points at 12,136, rebounding from a morning low of 12,072.Boeing Co. , a Dow component, rose 0.7% after news that German discount airline Air Berlin plc plans to order more than 60 airplanes. The S&P 500 , meanwhile, gained 4 points to 1,386, while the Nasdaq Composite added 6 points to 2,412. read more?
U.S. stocks close higher as oil price falls; GM loses 5%
NEW YORK (MarketWatch) -- U.S. stocks closed slightly higher on Wednesday, as a big drop in crude oil prices and better-than-expected earnings from Dell Inc. offset an unexpected drop in consumer confidence and weakness in the shares of General Motors Corp. With trading volumes thin ahead of the Thanksgiving holiday, the Dow Jones Industrial Average gained 5 points to 12,326. It earlier reached an all-time intraday high of 12,361.Positive momentum came as crude oil dropped - the January futures contract lost 93 cents to close at $59.24 -- following bearish inventory data from the American Petroleum Institute and the Energy Department. read more?
Again. A few weeks back, a certain pharmaceutical firm tanked into bargain territory, and I missed out on much of the inevitable rebound by being too tentative with my purchase. No, I'm not going to tell you about that one (I'm still contemplating a buy, and I have Foolish trading guidelines to follow), but I will share with you a story about a similar situation that offers the same lesson. read more?
