A one-time tech titan continues to struggle, and the Google-Yahoo war heats up. Those and more are what's making business news Thursday.
The Dow Jones industrial average (^DJI) fell another 105 points Wednesday, falling back below 15,000. It's the Dow's sixth loss in a row, the longest down streak in more than a year. The Standard & Poor's 500 index (^GPSC) fell 9 points and the Nasdaq composite index (^IXIC) lost 13.
Earnings from Hewlett-Packard (HPQ) won't help improve the mood of investors. The tech giant's turnaround seems to be faltering. It reported a quarterly profit, but revenue fell 8 percent from a year ago -- and was especially weak in its key PC and server divisions. CEO Meg Whitman says revenue for the full year is likely to decline.
But shares of Apple (AAPL) could shine brighter. A prominent UBS analyst raised his price target for the stock to $560 a share. He expects strong sales of the low-priced iPhone that Apple is expected to introduce next month.
According to comScore, Yahoo (YHOO) drew more unique visitors last month than Google (GOOG). It's Yahoo's first win in several years. But analysts say Yahoo is still far behind in turning its huge base of users into profits. Microsoft (MSFT), Facebook (FB) and AOL (AOL) -- the site you're watching-- round out the top five in the comScore (SCOR) rankings.
A customer satisfaction survey by J.D. Power shows American Express (AXP) remains the top ranked credit card. It was followed by Discover (DFS), Chase (JPM), Barclay's and U.S. Bank (USB).
And rising interest rates mean the spurt of mortgage refinancings is coming to an end -- and that means jobs cuts. Wells Fargo (WFC), the nation's largest mortgage lender, is eliminating 2,300 positions in its home-lending unit.
-Produced by Drew Trachtenberg.
Ways to Make Money on the Side
Market Minute: HP Ekes Out a Profit; Apple's Outlook Looks Brighter
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.