US existing home sales drop 1.8 percent in August; slowdown in investors buying homes Apple says it sold 10 million new iPhone 6, 6 Plus models in first weekend after launch US stocks decline amid jitters over China; Energy stocks and home builders drop Siemens to acquire oilfield equipment maker Dresser-Rand for $7.6 billion German pharmaceutical company Merck to buy St Louis-based maker of chemicals for $17 billion GM expert says 21 deaths in ignition switch crashes are eligible for compensation Philadelphia Fed President Plosser, a leading' hawk,' will retire in March Retailer Tesco suspends 4 execs, launches accounting investigation over inflated profit report AutoZone beats 4 Q earnings expectations, but misses revenue forecasts; shares fall In pitch to small businesses, UPS says it will put 3- D printers in nearly 100 more stores» Read More
Disney CEO Bob Iger blames lower theme-park attendance (and subsequent price-cutting), reduced broadcast advertising revenue and disappointing film revenues for his company's disappointing results.
Hank Greenberg, chairman and CEO at C.V. Starr and Co. and former CEO of AIG, told CNBC's Asia Squawk Box that it's clear AIG is more than a troubled company. Greenberg said the once dominant insurance company, needs to be rebuilt .
JPMorgan Chase Chairman and Chief Executive Jamie Dimon thinks outrage over bonuses being paid to executives of firms involved in the financial crisis and now receiving federal assistance is not entirely justified. In his keynote speech to the Future Of New York conference sponsored by Crain's New York, Dimon took issue with President Obama's characterization of bonuses and the way they have been paid out.
Despite the turmoil in the auto industry, AutoNation is out with better-than-expected results. The auto retailer posted fourth quarter earnings of $0.12 a share, beating Wall Street expectations by a penny.
Step aside and take solace, John Thain: The public flogging you just endured for spending $1.2 million to jazz up your now-vacant office at Merrill Lynch could subside once the sanctimonious mob moves on to other Wall Street titans who would dare redecorate their digs.
CEOs and other executives at the World Economic Forum in Davos, Switzerland, shared their insight on the financial crisis, the markets and the economy with CNBC.
Is your company suffering from Detroititis? It pertains to companies who fail to visualize that today’s customers demand appeal and finesse in products and not just low cost and usage.
New York Attorney General Andrew Cuomo has subpoenaed former Merrill Lynch CEO John Thain over $4 billion in bonuses paid to Merrill executives, sources tell CNBC.
Dow Chemical CEO Andrew Liveris still hopes his company can acquire specialty-chemical producer Rohm & Haas, despite some serious obstacles that have forced Dow to put the deal on hold.
Bank of America chief Kenneth Lewis already is dead—he just doesn’t know it yet.
What looks like a financial crisis is really an accounting crisis, made much worse by persistent fear.
Former Enron CEO Jeffrey Skilling, whose 2006 convictions were upheld by a three-judge appelate panel earlier this month, is appealing that decision to the full Fifth Circuit Court of Appeals.
The market suffered steep losses in 2008, but some companies defied the odds and ended the year with impressive gains.
Gold prices were on a rollercoaster ride this year, but shares of Royal Gold have defied the volatility and are up about 50 percent year-to-date.
The market has seen steep losses this year, but First Niagara Financial Group is coming out of 2008 with impressive gains. The parent of First Niagara bank, a regional bank in New York state, is up more than 30 percent year-to-date.
Chief executive Edward Liddy of AIG insists his troubled company is not trying to hide anything from Congress, as Rep. Elijah Cummings (D-Maryland) has charged.
California-based Granite Construction has defied the odds, gaining more than 10 percent for 2008. The company’s CEO, William Dorey, says a key part of this success is geographic diversity.
Let’s just come out and admit it: Many of us hate the notion of a bailout for automakers. If they can't endure a downturn for a few months, why not just let ’em die? These guys brought it on themselves.
It may be the season to be wealthy — at least on Wall Street, where banks are awarding annual bonuses despite a growing outcry over pay, the New York Times reported.
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