Sarbjit Nahal of BofA Merrill Lynch says that within a few years, demand for water will exceed supply. He advises on how to invest in the sector.» Read More
The Obama administration will unveil measures to help homeowners and businesses modify second mortgages as well as primary ones.
The Obama administration is expected to unveil measures to help homeowners and businesses modify second mortgages as well as primary ones.
Excess inventory is the mortal enemy of housing prices, according to Richard LeFrak, president of the LeFrak Organization.
The United Auto Workers union has placed concession talks with General Motors on the back burner as it tries to reach a deal with Chrysler before an April 30 government deadline, two people briefed on the negotiations said Thursday.
The White House's auto task force thinks that GM's latest offers to bond holders and auto workers will leave the company with too much debt and want the terms reduced even further, CNBC has learned.
Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.
An offer from GM is a "first shot, a starting point" for negotiations, said a GM bondholder told CNBC, but "there’s great disparity between the bondholders versus labor."
Saudi Arabia's domestic development efforts could provide a much-needed financial boost to firms outside of the Kingdom.
GM bondholders sent a letter to Treasury Secretary Timothy Geithner and the leaders of the auto task force Sunday expressing frustration that they have received no response from either GM or the auto task force regarding their suggestions for a near $28 billion debt exchange.
1st paragraph of story should go here
Duke Energy is seeing extremely unusual call activity as its shares reach multi-year lows. More than 33,000 calls traded at the April 12.50 strike against open interest of just 784 contracts by mid-afternoon Thursday. Why?
Autonation CEO Mike Jackson said today that despite the government’s push towards fuel-efficient vehicles, the creation of green cars will not spur auto sales.
Christophe de Margerie doesn't see a bounce back this year, saying 2010 is more likely.
Talk of more bank nationalizations and dampening economic data dragged global stocks to 3-month lows Friday. In the current market volatility, experts tell CNBC where they see short-term investment opportunities.
OPEC should look to reduce oil supply further if demand is insufficient to absorb supplies, Iraq's oil minister said on Tuesday.
“The current situation has nothing in common with the Great Depression,” says one economist. “The sooner they [in Washington] stop spinning the bad news story and say nothing, the sooner we’ll be more confident.”
Uncertainty about how far world fuel demand and oil prices will fall has made it harder than ever for OPEC members to agree on how to balance group output policy against the divergent needs of their individual budgets.
As the Obama administration prepares to commit up to $50 billion in help homeowners avoid foreclosure, there are significant concerns about the strategy.
Oil is relatively cheap, supplies are more than ample (some analysts fear we're awash in crude), so why am I paying more at the gas pump than I was a month ago?
For wealthier Americans, the free-fall in stocks is not only ravaging their portfolios—it's taking a huge bite out of the value of their homes.
Get the best of CNBC in your inbox
Brent crude futures turned lower after Russia said top diplomats have agreed to take immediate steps toward calming tensions in Ukraine.
Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.
A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill.