...and now has to deal with the repercussions from Google.
The NYTimes did an expose over the weekend on a name brand company who apparently outsourced their Search Engine Optimization (SEO) to a shady SEO firm.
J.C. Penney was established in 1916, long before search engines were even imaginable. They find themselves in a precarious place, having been caught trying to juice their search results by Google.
Most companies who do this sort of thing MORE
Seth Weintraub - Feb 14, 2011 11:38 AM ET
As mobile companies meet in Spain for their annual congress, Apple hijacks the show
The most exciting thing about a big tech industry gathering, goes the cynical reporter joke, is that you know Apple (AAPL) is going to leak something to the Wall Street Journal to keep themselves in the news.
And sure enough, on the eve of the annual Mobile World Congress, which opened Monday in Barcelona, a story appeared on MORE
Philip Elmer-DeWitt - Feb 14, 2011 6:28 AM ET
A curated selection of the weekend's most newsworthy tech stories from all over the Web.
Nokia CEO Stephen Elop. Photo: luca.sartoni, Flickr
Nokia CEO Stephen Elop revealed over the weekend that Microsoft outbid Google and will pay Nokia "billions" for the right to have its recently-introduced Windows Phone 7 operating system run on the handset maker's devices. Elop also hinted the first Windows Phone 7 are likely to come out this year instead MORE
JP Mangalindan, Writer-Reporter - Feb 14, 2011 6:00 AM ET
For the second year in a row, Steve Jobs' company tops the money manager's list
Source: Barron's
This is not a huge surprise.
After all, Barron's annual list of the world's most respected companies is drawn from a survey of professional money managers. And money managers control 70% of Apple's (AAPL) shares, and thus were largely responsible for the long 2010 rally that made Apple the world's most valuable tech company.
Still, as MORE
Philip Elmer-DeWitt - Feb 12, 2011 2:18 PM ET
By creating an alliance that will take a year to materialize, Microsoft is alienating its other mobile partners and ceding the lower and mid-range smartphone market to Google.
Is that the 30 meter jump that Elop spoke of?
Everybody saw it coming but the Microsoft-Nokia announcement is still shaking the market today. Nokia's(NOK) shares have just fallen off a cliff (right) losing 12% of their value ($5B) on the news. Microsoft (MSFT) shares MORE
Seth Weintraub - Feb 11, 2011 11:19 AM ET
The deal it announced with Nokia is hardly its first. Here's how the others turned out.
Nokia's Elop and Microsoft's Ballmer. Photo: Nokia
Early Friday morning, Microsoft (MSFT) and Nokia (NOK) announced a strategic partnership to answer the challenge posed by Apple (AAPL) and Google's (GOOG) smartphone platforms.
Tech watchers with long memories -- like Asymco's Horace Dediu -- will recall that this is not the first time Microsoft has found a MORE
Philip Elmer-DeWitt - Feb 11, 2011 10:54 AM ET
Nokia could've picked the fast-growing Android and been a star in the Google-verse. So why is it going with the riskier Microsoft Phone OS?
Image of Stephen Elop by luca.sartoni via Flickr
It's official – Nokia and Microsoft have teamed up to take on rivals Apple and Google. The two companies announced their partnership Friday morning, just hours before a strategy and finance briefing hosted by Nokia (NOK) in London. As MORE
Michal Lev-Ram, writer - Feb 11, 2011 10:09 AM ET
The home décor site has a strong pedigree (backing from Kleiner Perkins and a founder named Pincus). Can it become the Groupon of throw pillows and footstools?
Founders Feldman (far left) and Pincus hired Mack (seated) to help expand their business.
Online retail is hot again, thanks to the growing popularity of "deal-a-day" and private sale sites. The latest obsession of tech investors? Home décor site One Kings Lane, which will MORE
Jessica Shambora, Writer-Reporter - Feb 11, 2011 9:00 AM ET
Has Apple built a smaller, cheaper smartphone that is carrier independent?
Artists rendition courtesy of www.informationarchitects.jp
Peter Burrows, a tech writer who knows his stuff, reports in Bloomberg Businessweek that Apple (AAPL) is putting the finishing touches on two key technologies:
An iPhone one-third smaller than today's model that could be sold for about $200 without a contract
New software built around a dual-mode chipset and a universal SIM that would allow users MORE
A curated selection of the day's most newsworthy tech stories from all over the Web.
Remember when Facebook updated your Profile page back in December? Well, looks like the rest of the social network is catching up. The site released a similar design for fan or group pages like Fortune's -- which, by the way, you should "Like" if you haven't already -- that incorporates many of the same changes with MORE JP Mangalindan, Writer-Reporter - Feb 11, 2011 6:00 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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