NASDAQ Market News

Seagate Technology Plc (NASDAQ:STX), producer of a range of disk drive products, lowered its fourth-quarter revenue and margin outlook. STX’s fourth-quarter results were negatively impacted by quality issues at a supplier, and a faster-than-expected recovery in the hard disk drive market.

Netflix Inc. (NASDAQ:NFLX) CEO Reed Hastings on Tuesday disclosed a huge spike in customer usage last month. The disclosure from Hastings sent NFLX stock sharply higher in trading today.

High rate of unemployment and steep fall in consumer spending amid economic slowdown took a toll on Costco Wholesale Corp.’s (NASDAQ:COST) revenues in June. Although the Company’s revenues rose in June, it was lower-than-expected.

It would be an understatement to say that BlackBerry maker Research In Motion Limited (NASDAQ:RIMM) is struggling. The Canada-based company has seen declining market share, delay in product launches, and worsening financial performance. But, Thorsten Heins, CEO of RIMM, still insists that nothing is wrong with the company.

Following weeks of speculation, personal computer maker Dell Inc. (NASDAQ:DELL) today confirmed that it would acquire Quest Software Inc. (NASDAQ: QSFT).

The Board of Director of Lincare Holdings Inc. (NASDAQ:LNCR), a provider of oxygen, respiratory and other chronic therapy services to patients in the home, has recommended its shareholders accept the takeover offer from Germany-based Linde AG.

News Corp. (NASDAQ:NWS) on Thursday approved the company’s plan to split into two separate publicly traded companies. Under the planned split, NWS will separate its publishing, and media and entertainment businesses into two separate companies. Rupert Murdoch will be the Chairman of both companies, and will serve as CEO of the media and entertainment unit. […]

The tablet war just got interesting after search engine giant Google Inc. (NASDAQ:GOOG) unveiled its Nexus 7 tablet. GOOG introduced its tablet at its I/O developers conference in San Francisco. The tablet has been designed by the company and built by Taiwan-based Asus. The seven-inch tablet will be available for $199. With the Nexus 7, […]

The takeover battle for Quest Software Inc. (NASDAQ:QSFT) is heating up, with the business-software company today announcing the receipt of a superior offer from a “strategic bidder”. QSFT, which received a $25.75 a share takeover offer from Insight Venture, last week, today said that it received a $27.50 per share takeover offer from a strategic […]

The parent company of Dunkin’ Donuts, Dunkin’ Brands Group Inc. (NASDAQ:DNKN) would boost its legal reserve in the current quarter after a court in Canada ruled against the company in a case filed by a group of Dunkin’ Donuts franchises in Quebec. The lawsuit was filed by the franchises in 2003. Ruling against Dunkin’ Brands, […]