Motorola Is Officially Junk

Standard and Poor's Rating Services acknowledges what Giz readers have known for a long time: They now classify Motorola as junk. More »

Computers Screw Stock Market Even More Than It's Already Screwed

As if we didn't have enough with the stock market going down in flames on its own, computers have decided to screw them a little bit more and make everyone go "WTF" for a few minutes this morning. After dropping around two hundred gazillion points yesterday, today the Dow Jones industrials saw another drop of 700 points, which was suddenly reduced to 125 and then went down again. Everyone thought "rebound" for a second there, until they realized what was really happening. More »

Glitch Drops Google Stock Price $200 in Four Minutes, Wiping Out $62 Billion

At probably like the worst time ever for your stock to plummet harder than a meteor on a collision course with Bruce Willis, a glitch knocked $200 off of Google's stock price—that's half—in the span of four minutes as the markets were closing today. $62 billion. Erased. In four minutes. The glitch has been fixed, bringing it back to the correct price of $407, but some trades actually did go through at the bargain basement price. While they'll be repealed, it shows you that it's so crazy out there even computers are going nuts right now. [TechCrunch]

Apple Backdating Suit Settled, Jobs and Co,'s Insurance Will Pay Apple $14 Million

Steve and the gang already threw a party when the last federal investigator on the stock backdating case filed out of 1 Infinite Loop ("Hey, you forgot your 5-year old Thinkpad! Haha, suckers!"). But now, the remaining civil suits that were still active have been settled (with no admission of wrongdoing) for $14 million, all of which will be paid by the investment insurance coverage of the defendants—Jobs, along with several other suits and VPs. But still, since the shareholders who were the plaintiffs were suing on behalf of the company, the money will end up back in Apple's hands. Look for some boss new espresso machines and maybe a moon bounce over in Jobs' neck of the woods, thanks to the now $14-million heavier "luxuries for the exec wing" budget. [AP, Apple Insider]

Apple Backdated Stock Options Suit Dismissed, Fanboys Rejoice

Steve Jobs' options case has been thrown out of court. The judge let the case go since there's been no drop in the stock price as a result of the backdating. [Apple Insider]

Apple's Stock Drops 5.15%, Low Boom Count to Blame?

Wall Street can be such a fickle beast sometimes. Today, Apple revealed what could only be referred to as a monstrous unveiling of iPod-related material, and how do the investors repay them? With a 5.15% drop in the stock price. (Although we've done a few of our own calculations and have come to a striking realization.) More »

Gene Munster Predicts $205 For Apple in 2008

Piper Jaffray analyst Gene Munster has moved Apple's stock price projection for 2009 up a whole year to 2008, making Munster's projection the highest price anyone has ever given Apple: $205 per share. Is there method to his madness? Of course. And it has something to do with our obnoxious graphic. More »