Facebook looks to connect the world, and Sony sets a date for the new PlayStation. Those stocks and more are what's in business news Wednesday.
The Dow Jones industrial average (^DJI) stretched its losing streak to five sessions, edging 7 points lower Tuesday. But the The Standard & Poor's 500 index (^GPSC) gained 6, snapping its losing streak. The Nasdaq composite index (^IXIC) rose 24.
Facebook (FB) founder Mark Zuckerberg is forming a coalition of tech giants to help expand Internet access to most of the people in the world. He 's enlisted Nokia (NOK), Samsung, Qualcomm (QCOM) and others to partner on a project dubbed Internet.org. Zuckerberg says his aim is bring the "knowledge economy" to billions of underserved people around the globe.
The video game console war is heating up. Sony (SNE) will launch its new PlayStation 4 on Nov. 15, and it will cost $100 less than the new Microsoft (MSFT) Xbox One, which rolls out at about the same time. The two companies have sold nearly 150 million game consoles since their last major updates, six to seven years ago.
On the earnings front, Target (TGT) may have found the sweet spot in the retail market. The company's earnings topped Wall Street estimates. But its outlook for the rest of the year was a bit disappointing.
Home improvement retailer Lowe 's (LOW) reports a 26 percent earnings jump and raised its forecast for the full year. Like its bigger rival Home Depot (HD) did Tuesday, Lowe 's credited the recovery in the housing market.
Homebuilder Toll Brothers (TOL) posted results in line with expectations. The company says the housing market is in the "early stages" of its rebound.
The iconic photo company Eastman Kodak is long past its prime, but it's still alive. A bankruptcy court judge has approved the company 's plan to restructure as a digital imaging company, but its future no longer includes film, cameras or consumer photo developing.
Market Minute: Facebook's Global Internet Plan; Sony Console Set for Debut
PA for a day gives users the opportunity to hire a temporary personal assistant to do office work, run errands, walk pets, or do dozens of other jobs. While the website is great for harried professionals, it may be even better for workers looking to bring home a paycheck on a flexible schedule. If you're looking for a good-paying, short-term job where you can set your own schedule, why not drop them a line?
Are you good at putting together IKEA furniture? Do you have time to pick up a Craigslist item? Are you willing to go grocery shopping for someone else? If you answered yes to any of these questions, maybe you should think about joining TaskRabbit, a website where you can submit bids to do odd jobs. Depending on the task -- and on the area where you live -- you can make more than $40 per job.
Can you do a good celebrity voice imitation? Are you willing to film yourself wearing a hot dog suit and singing "Happy Birthday"? Are you a good artist? On Fiverr.com, "the world's largest marketplace for small services," you can transform your cool skills into cool cash. Basically, you create a listing with the skill that you are willing to offer, set a price (usually $5 and up), and work on finding clients.
At this point, Etsy is hardly a moneymaking secret, but most people don't realize how easy it is to turn the do-it-yourself marketplace into a thriving business. As our earlier article on Fifty Shades of Grey demonstrated, the site makes it easy for an enterprising DIY-er to piggyback onto the latest pop culture trend.
If you've ever wanted the joy of hanging out with a dog, but didn't want to sign on for the long-term commitment, you might consider joining Dog Vacay. The website pairs dog owners with dog lovers who are willing to babysit them for a short term. Prices start at $15 per night, but "hosts" can set their own rates. You're also allowed to take care of up to three dogs at a time, which means that -- if you're looking for a way to make some money on the side and don't mind sharing your couch with a furry friend -- this might be a great way to get some extra bucks.