Local Business News
The 5 Dumbest Things on Wall Street This Week: May 17
Dan Loeb gets soft, Bloomberg and traders are 'Spy vs. Spy,' and Wal-Mart torpedos a cooperative reform effort by choosing its own, awkward path.
National Top Stories
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North Korea Fires 3 Missiles Into Sea
North Korea fired three short-range guided missiles from its east coast on Saturday, South Korea's defense ministry said.
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US Airways Flight Makes Belly Landing
A US Airways plane was forced to make a belly landing at Newark Liberty Airport early Saturday morning after its landing gear malfunctioned.
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CTRX Crosses Below Key Moving Average Level
In trading on Friday, shares of Catamaran Corp crossed below their 200 day moving average of $50.26, changing hands as low as $50.21 per share. Catamaran Corp shares are currently trading down about 2.7% on the day.
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OSIS Makes Bullish Cross Above Critical Moving Average
In trading on Friday, shares of OSI Systems, Inc. crossed above their 200 day moving average of $65.95, changing hands as high as $66.35 per share.
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Ultratech (UTEK) Shares Cross Above 200 DMA
In trading on Friday, shares of Ultratech Inc crossed above their 200 day moving average of $34.57, changing hands as high as $35.08 per share. Ultratech Inc shares are currently trading up about 6.6% on the day.
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Food Trends At Their Freshest in San Diego
In Southern California, here's you should eat to catch some of the hottest spring menu trends.
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5 Traits of Our Unbanked and Underbanked
The underbanked are more Main Street than Skid Row, and that doesn't say good things about the system.
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5 Worst Home Renovation Projects
None of 35 upgrades studied will boost a home's value enough to cover the job's average price.
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Expect Your Health Care in Retirement to Hit $200,000
Most are off by up to 30% in thinking about what health care will cost after their working years.
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10 Reasons to Stop Being a Jerk and Drink a Fruit Beer
You'll throw a withered lime into a Corona, but won't try a beer brewed with apricot? Time to rethink that.
U.S. Small Business
5 Things To Know About Small Business This Week: May 17
PayPal announces "Cash for Registers;" small-business optimism improves; Kabbage expands financing to bricks-and-mortar businesses; restaurants tapping into big breakfast opportunity; GoDaddy launches restaurant-specific Web site designs.
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Why the End of 'Craft' Beer Is Just a Tax Break Away
In this civil war, it's brewer against brewer and the BEER Act against the Small BREW Act in Washington, D.C.
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5 Lessons in Innovation
From e-cigarettes to a help line to stop sex traffickers, innovative ideas can come from anywhere.
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Top 7 Things You Should Never Ask Your Intern to Do
Interns may be eager and affordable, but it doesn't mean you should trust them with every job.
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Kabbage Expands Small-Business Financing
Kabbage, which made its mark by focusing exclusively on funding small e-commerce merchants, is expanding its reach to fund both online and offline small businesses by partnering with Intuit.
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5 Things to Know About Small Business This Week: May 10
Senate passes Internet sales tax; bitcoin for small biz?; big banks lending again; mompreneurs; eCreamery sales jump without swimming with sharks.
Mobile & Gadgets
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Morgan Stanley Did Right by Facebook
Morgan Stanley got Facebook the maximum possible price in its IPO a year ago. Isn't that the idea?
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Yahoo! Investors Cautious on Tumblr Report
Yahoo! was gaining after AllthingsD reported that CEO Marissa Mayer is in talks to buy Tumblr, the social media Web site.
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NBC, CW Network Jump Into TV Everywhere
Old media (TV) is making deals with new media outlets (Web) changing how we watch programs.
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Yahoo! Reportedly in Talks to Acquire Tumblr: Ahead of the Ticker
Yahoo! is said to be interested in acquiring social blogging site Tumblr for a reported $1 billion.
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Broadcasters Fear the Music in Aereo Fight
As the ABC, NBC, CBS and Fox seek to block Aereo, they must be mindful not to make the mistakes that imploded the music industry 10 year ago.
Energy & Green Business
BP Withdrawing Some Staff From Libya
Oil company BP says it is temporarily withdrawing some nonessential and non-Libyan staff from its office in Libya's capital.
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Dicker: Activists in the Oil Patch
Do Icahn and Singer run the energy world? Dan Dicker talks with Jim Cramer about increased corporate activism and whether it's good for the companies involved.
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Dicker: Opportunities in Liquid Natural Gas
The recent International Energy Agency report shows there are investment opportunities in liquid natural gas.
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Dicker: Investing Opportunity in Refiners
The latest report from the International Energy Agency suggests an investment opportunity in stocks of refiners.
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Dicker: U.S. Energy Independence Is Nigh
International Energy Agency's midyear report predicts a 'supply shock' that will change the politics of oil across the globe.
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Dow Utilities Remain Buy Rated
While the major equity averages hesitated, utilities continued to a high of 537.86, up 18.7% year to date vs. the S&P 500's 12.0% gain.
Don't Miss
Leave the Driving to Us Robots
A highway of driverless, computer-operated trucks may be in your future.
The Google Bubble
As Google shares zip past $900, the question is: Have they become too pricey?
There's Still Investor Appetite for Yum! Brands
Any negativity about the company has already been priced into the shares.
Jim Cramer's "Mad Money"
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Selloff Reaction; Valuing Beloved Companies: Cramer's Best Blogs
Catch up on Jim Cramer's thinking over the past week, including the new market pattern and two hard-to-value stocks.
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'Mad Money' Lightning Round: Don't Sell Heckmann
Cramer thinks you should wait on Ubiquiti Networks and Potash is just ok.
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Cramer's 'Mad Money' Recap: Next Week's Game Plan
It's a full week of earnings and Cramer said he'll be watching and planning his investing strategy.
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'Mad Money' Lightning Round: Magnum Hunter Blew It
Cramer thinks Gilead Sciences is terrific and is ready to buy more Starbucks.
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Cramer's 'Mad Money' Recap: Step Aside, Chicken Little
The sky is not falling on the market and stocks are not overvalued, Cramer said.
Investing Tips
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Facebook: New and Improved One Year Later
Its IPO was a disaster. Its CEO admitted to mistakes. But today's Facebook is a force to reckon with in the mobile technology business.
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Investors Shouldn't 'Like' Facebook at Current Price
Buying stocks with sky-high P/Es that are not rapidly growing revenue and profit is a recipe for portfolio disaster.
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Morgan Stanley Did Right by Facebook
Morgan Stanley got Facebook the maximum possible price in its IPO a year ago. Isn't that the idea?
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Cramer's Top Stock Picks: BSX BAX FB
Boston Scientific could be making a comeback, Baxter is worth more in pieces and the Facebook IPO leaves an unpleasant memory one year on, Cramer said.
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4 Tech Stocks to Trade (or Not)
Here's a look at how to trade some of the most active stocks on the market today.
Automotive
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Selloff Reaction; Valuing Beloved Companies: Cramer's Best Blogs
Catch up on Jim Cramer's thinking over the past week, including the new market pattern and two hard-to-value stocks.
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Tesla's Future Is Full of Green
Tesla shares fell Friday even as the electric car manufacture raises more than $1 billion and Morgan Stanley lifts its price target.
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How the New York Hedge Funds Lost Their Shirts on Tesla
These New Yorkers never saw Tesla's 100% market share in Silicon Valley and never drove an electric car.
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Elon Musk: Going All In on Tesla
Tesla announced a huge secondary offering, taking advantage of a soaring stock price. CEO Elon Musk is buying a good chunk of it. As a shareholder, that's what you want to see.
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Elon Musk Invests $100 Million in Tesla Capital Raise
Tesla is raising capital to repay government loans as its CEO continues to pump money in the automaker.
Luxury & Leisure
Food Trends At Their Freshest in San Diego
In Southern California, here's you should eat to catch some of the hottest spring menu trends.
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10 Reasons to Stop Being a Jerk and Drink a Fruit Beer
You'll throw a withered lime into a Corona, but won't try a beer brewed with apricot? Time to rethink that.
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Media, Not Maple Leafs, Should Be Ashamed
Media outlets on both sides of the border failed to provide meaningful or necessary context alongside their coverage of Monday's Game Seven collapse in Boston.
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Is The NHL Really Still the No. 4 Sport?
The question must be asked: Is the NHL in any financial or cultural position to call itself a 'major' U.S. sport?
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7 Towns That Really Want Your Sports Team
For every North American city with a pro sports team, there's another green-eyed town just waiting to take it away.
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Morning Briefing: 10 Things You Should Know
U.S. stock futures point higher; the dollar trades above 100 yen; Carl Icahn and Southeastern propose alternative deal for Dell; Priceline issues weak guidance.
Markets
NEW YORK (TheStreet) -- Major U.S. markets closed higher Friday, led by energy stocks, after a consumer confidence gauge reached to a post-crisis high and an upbeat report on U.S. economic activity bolstered the outlook for the world's largest economy.
The S&P 500 gained 1% to 1,666.12.
"The rise in consumer confidence appears to be a longer-lasting vote of support for the longevity of the U.S. economic recovery," Andrew Wilkinson, the New York City-based chief economic strategist at Miller Tabak & Co., wrote in a report.
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