India Breaking News: Biz Break: Twitter bottoms out below its IPO price

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Thursday, August 20, 2015

Biz Break

Biz Break: Twitter bottoms out below its IPO price

Biz Break: Twitter bottoms out below its IPO price

Today: Twitter shares fell below its opening IPO price of $26 for the first time during trading on Thursday, despite a new ad platform that lets the company sell ads beyond its timeline. Also: Google is said to be closing the doors on two delivery hubs, and HP and Salesforce report earnings.

Salesforce raises forecast, beats sales estimates

Salesforce raised its sales forecast for fiscal 2016 a third time as revenue rose for the company's new products.

Intuit misses earnings, will sell its Quicken unit

Intuit unveiled plans to sell three units, including its well-known Quicken home-accounting software, as it forecast sales and earnings that trailed analysts' estimates.

Wall Street endures worst day in 18 months

The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.

Magid: Epson follows Verizon in changing how customers pay for products

Verizon and Epson are in very different businesses but both just did the unthinkable by changing the way they charge for their products.

Palo Alto: SurveyMonkey moving headquarters to San Mateo

One of downtown Palo Alto's largest employers, SurveyMonkey, is moving its headquarters up the Peninsula to San Mateo.

HP forecast misses estimates on PC market slump

Hewlett-Packard issued a profit forecast that fell short of estimates, hurt by slumping personal-computer sales that underscore the challenges facing the business when it splits later this year.

California bill targets smart TVs that watch you

Readers who scanned the user manual for a new Samsung smart TV may have been surprised to learn their household conversations could be recorded without their knowledge. State Assemblyman Mike Gatto certainly was.

7 years after housing bust, 'boomerang' buyers returning to market

Seven years after the real estate bust, many who lost their homes have rebuilt their credit and are back in the market. Experts say these boomerang buyers will be an important segment of the real estate market in the coming years.

Valeant to buy maker of female sex pill for $1B

Valeant Pharmaceuticals will pay about $1 billion in cash to buy Sprout Pharmaceuticals, the maker of the first prescription drug intended to boost sexual desire in women.

5 factors that could delay a Fed rate hike in September

Here's a look at five factors that potentially could cause the Fed to wait beyond its Sept. 16-17 meeting to start raising rates.

Lawsuits against Ashley Madison over hack face tough road

The release of the names and personal information of millions of potentially cheating spouses around the world will undoubtedly have disastrous consequences for many couples, but Ashley Madison members might think twice before suing over the website's hacking.

Huge new office complex planned for north San Jose

A new office campus of 1.1 million square feet is being planned for north San Jose on Zanker Road, and the site is big enough that it could land major tech tenants such as Apple and Broadcom.

Regal movie theater chain to check bags after shootings

Movie theater chain Regal Entertainment Group has begun to check bags in response to shootings at theaters around the country, a procedure it acknowledged on its website was 'not without flaws' and would inconvenience guests but provide better security.