Venture capitalist Marc Andreessen said he was quitting EBay Inc's (EBAY.O) board following the online retailer's decision last month to spin off its electronic payment unit, PayPal.
Investors
Verizon posts higher revenue, falls short of profit estimates
Verizon Communications Inc (VZ.N) on Tuesday posted lower-than-expected quarterly earnings, but revenue rose as it added customers to its wireless business.
Coca-Cola Co profit falls; company expands cost-cutting
Coca-Cola Co (KO.N) said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined.
DH Capital Advises Clear Measures on Sale to Data Intensity
DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, is pleased to announce that it served as exclusive financial advisor to Clear Measures, a business analytics and database management specialist, on its sale to Data Intensity, the industry leader in application management and cloud services for Oracle technologies and applications.
Asian shares tread water as China GDP awaited
Asian stocks balked at the starting gate on Tuesday, as investors looked past solid gains on Wall Street overnight to Chinese economic growth figures due later in the session.
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Asian stocks started the week on a brighter note on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.
Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England's chief economist said in a Sunday newspaper interview.
Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy.
World equity markets rallied, with European stocks surging the most in more than two years, and bond prices slid on Friday as investors poured back into beaten-down markets on solid U.S. corporate earnings and rising consumer sentiment.
It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
Morgan Stanley (MS.N), which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit.
Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds.
World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week's worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years.
Asian stocks clawed back some of this week's losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.
