NEW YORK— Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue.» Read More
Countrywide Financial CEO Angelo Mozilo told a congressional panel Friday that he is "extremely concerned" that recent tightening of mortgage underwriting criteria has gone too far.
The heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions of dollars in compensation while their companies were losing money.
Only 39 percent of big investors think the way U.S. companies reward top executives has helped improve corporate performance, and most believe that top managers have too much influence in setting their own pay, a new study has found.
CNBC's Squawk Box was in Miami this morning, and the Squawk crew interviewed Miami-based CEOs on everything from real estate to healthcare.
The slowing U.S. economy and high fuel prices don't scare Jeffrey Boyd, chief executive of Priceline.com. He told CNBC that the online travel-bargain company is doing just fine -- in America and worldwide.
The disclosure that losses from risky debt may be billions of dollars more than previously reported could eventually put CEO Martin Sullivan's job in jeopardy, people within the company told CNBC.
American International Group, the world's largest insurer, disclosed that the value of some of its risky debt portfolio plunged by $5.96 billion, not $1.6 billion as reported earlier.
General Electric said Friday that vice chairman Bob Wright, former head of the company's NBC arm, will retire on May 1.
As the new Merrill Lynch Chief Executive John Thain shuffles his management team, the firm has embarked on a cost-cutting initiative that will likely lead to layoffs in its brokerage operations, the largest on Wall Street, sources tell CNBC. .
WellCare Health Plans, a managed care provider undergoing a federal probe, on Friday replaced Chief Executive Todd S. Farha, announced the resignations of other top executives and said its latest annual report and other filings will likely be late.
Akamai CEO, Paul Sagan, says even if 2008 is a rough economic year, the Internet sector is going to be "somewhat immune."
Despite recent market upheavals, Sidney Taurel, CEO of Eli Lilly, says he is not convinced the pharmaceuticals sector will be negatively impacted. “The pharmaceutical industry is not that affected by business cycles, and so I believe this financial and possible economic crisis isn’t going to affect significantly our company or the industry.”
There's a silver lining in any cloud and NBC Universal is finding one in the writer's strike, according to Jeff Zucker, the company's president and CEO.
The recent market turmoil is causing many investors worry, but not every sector is plagued by nervousness. Some sectors seem to be immune to the turmoil and others, like healthcare, seem to be thriving.
The economic slowdown may be causing some consumers to forfeit dining out or to “trade down” and eat at fast-food restaurants. Burger King CEO John Chidsey says his company is benefiting from this trend.
Walt Disney President and Chief Executive Robert Iger received a 7 percent increase in total compensation in fiscal 2007, to $27.7 million, according to a filing with the U.S. Securities and Exchange Commission Friday.
Merrill Lynch & Co is seeking to hire Thomas Montag, who retired as one of Goldman Sachs co-heads of global securities trading last month, according to financial sources.
In a long-expected move, discount retailer Target said Wednesday that Chairman and Chief Executive Bob Ulrich will retire May 1 and be replaced by President Gregg Steinhafel.
Former American International Group Chief Executive Maurice "Hank" Greenberg said that a group he represents currently does not intend to solicit proxies from AIG shareholders, buy more AIG shares, or initiate a tender offer for the company.
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