Zynga stock tanks after weak 2Q report

USDA says drought will push up food prices in 2013 by 3 to 4%

Facebook's day of reckoning: 2Q earnings report

Symantec fires CEO, chairman replaces him

MOUNTAIN VIEW (AP) - Symantec has fired its CEO, Enrique Salem, and replaced him with Chairman Steve Bennett. The computer security and data storage company said Wednesday that the move is effective immediately. Bennett, who will stay on as chairman, says it was in Symantec's "best interests" to change CEOs. Salem had been with the company for 19 ...

New Mac operating system goes on sale today

New Mac operating system goes on sale today NEW YORK (AP) - Apple Inc. will release its new operating system for Mac computers today, with features borrowed from mobile devices and a tighter integration with online file storage. Dubbed Mountain Lion, the new software narrows the gap between the PC and phone software packages, making Mac personal computers work more like iPhones and ...

Apple sags as consumers buy cheaper iPhones

JPMorgan to pay $100M in credit card settlement

NEW YORK (AP) - JPMorgan Chase has agreed to pay $100 million to settle a lawsuit by customers who claim the nation's largest bank improperly increased minimum payments on their credit card bills. The proposed settlement would end a three-year-old case against Chase for raising the cardholders' minimum payment to 5 percent of account balances from 2 percent in 2008 and 2009. ...

Software maker VMware buys Nicira for $1.26B

PALO ALTO (AP) - Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion. The deal announced Monday will expand VMware's product line in the rapidly growing field of computer "virtualization." The term refers to software that lowers the costs of running data centers by enabling a single computer to function like multiple machines. <p style="line-height: 18pt; background: ...

2nd triple-digit loss for Dow in 2 days

McDonald's net income drops in second quarter

Peet's Coffee & Tea going private for $977.6 million

EMERYVILLE (AP) - Peet's Coffee & Tea is being taken private by a German conglomerate for approximately $977.6 million. Privately held Joh. A. Benckiser, which invests in consumer goods brands, will pay $73.50 per share, a 29 percent premium to Peet's closing stock price of $57.16 on Friday. The companies said Monday the deal was worth about ...

How Apple's phantom taxes helps hide billions in profit

Cisco to lay off 1,300 employees in latest cutback

SAN JOSE (AP) - Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers. The cuts announced Monday represent about 2 percent of Cisco System Inc.'s payroll of 65,000 workers. <p style="line-height: 18pt; background: ...

Netflix's 2Q results riding on subscriber growth

Simple questions with not so simple answers

Exxon 1Q earnings rise, production slips again

Zynga reports lower 1Q revenue, shares fall more than 10 percent

Google pays CEO a buck, 4 others get $124M

How a phony tweet and computer trades sank stocks by $134 billion

Microsoft to hold Xbox event on May 21 to showcase next console

Fed: Redesigned $100 bill will be ready by October

Apple to dole out $100B to shareholders

US immigration bill could slow Indian outsourcers

AT&T loses contract phone subscribers in 1Q

DALLAS (AP) - AT&T lost phone subscribers from its contract-based plans for the first time in the latest quarter, in a sign that growth in the industry is stalling now that most Americans have smartphones.

Judge OKs NYC plan for 'e-hailing' yellow taxi cabs

Wells Fargo raises quarterly dividend to 30 cents