Charter Communications is preparing an offer letter to acquire Time Warner Cable for less than $140 a share, Bloomberg reported Friday.» Read More
Stocks tumbled as the unrest in Libya—and the cut-off in Libyan oil supplies—sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and JPMorgan fell, while Kraft gained.
Stocks held steep losses into the close as the unrest in Libya sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and Bank of America fell, hwile Kraft rose.
As oil prices continue to surge amid political unrest throughout the Middle East, the market is recognizing that barrels of oil come out of some pretty risky places in the world, Kenneth Hersh, co-founder and CEO of the Texas based energy firm NGP Energy Capital Management, told CNBC on Tuesday.
Stock index futures pointed to a lower open for Wall Street Tuesday as mounting violence in Libya prompted investors to cash in recent gains and take a more cautious stance after the President’s holiday on Monday.
As oil prices surge, experts discuss the tipping point at which the costlier commodity will begin to impact stock markets and the economy.
The editor is eager to avoid any hype about her plan to overhaul the newsweekly, the New York Times reports.
It’s an open question whether James Murdoch will one day run the News Corporation. But he could soon be responsible for about half of it, the New York Times reports.
Stocks ended higher Friday, climbing just before the close to cap off the third straight week of gains in the absence of major economic news or earnings.
The auction for CitiFinancial’s subprime consumer lending unit has moved into round two, according to two people familiar with the situation.
Cramer fills you in on a technology stock the big brokerage firms haven't caught on to.
Billionaire businessman Wayne Huizenga expects the stock market to rise between 5 percent and 10 percent over the next 12 months, he told CNBC Friday.
Stocks gained Friday as investors digested the latest hike in bank reserve requirements by China’s central bank and as the G20 meeting of finance ministers began in Paris. Cisco and Caterpillar rose, while Alcoa fell.
Three days after they unveiled their deal to merge, there are no shortage of conversations taking place amongst competitors of the NYSE Euronext/Deutsche Boerse about whether such a deal can be broken up through a higher bid for the NYSE.
Stock index futures traded slightly higher ahead of the open Friday as investors digested the latest hike in bank reserve requirements by China’s central bank and as the G20 meeting of finance ministers got underway in Paris.
Central banker speak and a G-20 meeting are the highlights Friday, as traders check positions ahead of the long President's Day weekend.
The world’s largest medical device company, Johnson & Johnson, expects to have all the products recalled last year on the shelves again by the end of this year, William Weldon, CEO of Johnson and Johnson, told CNBC Thursday.
Stocks added modest gains amid light volume to reach new multi-year highs after a slew of economic news, including rising inflation and strong regional manufacturing data. Coca-Cola and DuPont rose, while AmEx fell.
After appearing on "The Strategy Session" on Thursday, Robert Raymond, principal and founder of RCH Energy, continued the discussion off-air with Gary Kaminsky on why MLPs still offer opportunities, but you have to look at specific areas.
Stocks traded just off the highs of the day as the market close neared amid light volume after a slew of economic news, including rising inflation and strong regional manufacturing data. Coca-Cola and DuPont rose, while AmEx fell.
Natural gas continues to be a structurally oversupplied market. As a result rebalancing the supply and demand equations can be very difficult, Robert Raymond, principal and founder of RCH Energy, told CNBC’s on Thursday.
*GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.