In a blow to Citigroup Chief Executive Vikram Pandit, the bank plans to close a hedge fund he co-founded and will buy what is left of its assets, The Wall Street Journal reported on Thursday.
Why invest in the U.S. when your own country has better stocks?
Media and merchandising company Martha Stewart Living Omnimedia said its chief executive, Susan Lyne, has stepped down after four years in the post.
First, last Friday, Novo Nordisk put out a press release saying preliminary data show its drug works better than Byetta. And then, yesterday an analyst downgraded the stock just ahead of the company's long anticipated release of long-term results on its once-a-week version of Byetta.
Foster's Group, an Australian alcoholic drinks group, on Tuesday revised down its forecast for earnings per share growth in fiscal 2008 and said Chief Executive Trevor O'Hoy had resigned.
Insulation, roofing, fiberglass – who said there was just one way to make money?
Carl Icahn Monday fired off another letter savaging the board and management of Yahoo for failing in its growth plan, the latest volley in an escalating proxy battle the billionaire investor has staged at the Internet company.
Lehman Brothers, which is seeking $6 billion in fresh capital to shore up its battered balance sheet, will survive but not make a lot of money, a well-known Wall Street banking analyst said Monday.
With oil surging to $138.54 and being projected by some to hit $150 by July 4, it's putting immediate pressure on automakers to adjust production and push small cars and crossovers while pulling back on trucks and SUVs. On paper, this shift seems simple enough. In reality, it's not so easy.
Some may point to how RBS has stronger risk management than rivals, but the problem for many shareholders is the lack of oversight over CEO Fred Goodwin.
With 70% of revenues expected from overseas, it's no wonder Cramer says this stock could double.
Broadcom co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges—including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
"You continue--day after day--to knock the company at every opportunity. I understand you had a difficult relationship with the CEO before, but you shouldn't hold a grudge against the company for it..."
In an attempt comply with New York State law, former AIG chief Hank Greenberg may sell some of his massive stake in the company, a move that would allow him to continue his assault against current management, CNBC has learned.
It's a major achievement Chrysler should rightfully be proud of. But it also highlights the next challenge for them, as well as GM and Ford: closing the "perception gap." First, here's the good news for the Big 3 on assembly plant efficiency.
Yahoo President Susan Decker said Wednesday there are "ongoing, engaged talks" with Microsoft.
This arms dealer to the wireless handset market just keeps growing.
Homebuilder Hovnanian Enterprises on Tuesday reported a second-quarter loss more than 10 times wider than its loss in the year-ago period. CEO Ara Hovnanian offered his industry outlook to CNBC.
Billionaire investor Carl Icahn would seek to remove Jerry Yang as chief executive of Yahoo if Icahn succeeded in a proxy battle against the company over its failure to reach a deal with Microsoft, the Wall Street Journal reported.
Richard A. Grasso may be able to keep the staggering $185 million award that once made him a symbol of Wall Street greed — a package awarded to him by the A-list board members at the exchange who eventually fired him, the NYT reports.