- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
These were Tuesday’s top stories:
Akamai Technologies, Inc. (NASDAQ:AKAM) will likely win a multi-year content delivery network reseller arrangement with AT&T Inc. (NYSE:T) beating out Limelight Networks, Inc. (NASDAQ:LLNW), say sources to Dan Rayburn. It seems that Akamai is guaranteeing a revenue boost of $100 million or more to AT&T, but the smaller Limelight was only willing to promise between $40 million and $50 million.
Another significant executive exit has hit Yahoo! (NASDAQ:YHOO) as the United States sales chief Wayne Powers has left the firm to become the president of Parade Publications. This departure did not come as a surprise, but represents the most recent in a series of sales personnel losses for Yahoo, and one insider that third and fourth quarter advertising revenue might be light. Chatter has it that Powers’ former boss, Chief Revenue Officer Michael Barrett, might be next to leave.
A new triumph for Apple Inc. (NASDAQ:AAPL) is reached as it becomes the most valuable company ever traded, as its current market cap of $620.8 billion passes Microsoft’s peak of $618.9 billion that was reached on Dec. 30, 1999.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.