CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The bull market continues, in spite of bad winter weather and the situation in Ukraine. Auto sales were mixed, while Radio Shack & Staples announced they would be closing a number of stores. And the SAT made changes this week, going back to a total 1600 score and making the essay portion optional.» Read More
The University of Michigan's loss to Appalachian State on Saturday was such an upset partly because of the financial differences between the two schools. If Appalachian State sells out every home game this year, they will make roughly $2.1 million (charging a little more than $20 a head with 16,650 seats per game. Michigan has sold out all eight home games already...
Nestle, the world's largest food company, on Tuesday said it had agreed to take over Swiss water bottler Henniez, first by buying a 62% stake and then by launching a public tender.
European stocks closed mixed on Monday in thin trading because of a national holiday in the U.S. and on anticipation of a busy week.
This week's Tech Check during "Closing Bell" offers a nice cross-section of gizmo headlines and a look at the news that's likely to come from Apple next Wednesday. Get ready for a re-designed iPod, the first major changes of the device in two years. Lots of rumors about a full touch-screen, no buttons, bigger memory, the Mac OS on board, and maybe even wi-fi downloads.
L'Oreal said on Friday it was confident on the outlook for 2007, despite signs of a slowdown in the United States, thanks to booming demand in new markets and the launch of new brands like Sanoflore and Diesel.
Australian consumers spent freely for a second straight month in July as strong employment, high consumer confidence and generous tax cuts combined to get the third quarter off to a brisk start.
What's in store for the retail group--and can consumers keep up their spending? CNBC takes a look at what lies ahead.
It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
CVS Caremark, the drugstore chain and pharmacy benefits manager, Thursday posted a 4.9 percent rise in August sales at stores open at least a year, driven by strong sales of general merchandise.
I have seen the future in next seasons' fashion at America's biggest retailers and to put it bluntly, there is no fashion. This is the new worry to add into the equation of whether (and how much) the consumer will slow his/her spending: there is nothing new to buy. The fashion cycle is stuck. The "style" is a return to classics which means that people already have the items in their closet.
Retail sales in Japan fell 2.2% in July from a year earlier for their biggest decline in more than two years, hit by a prolonged rainy season and an earthquake, the Ministry of Economy, Trade and Industry said on Thursday.
Tune into "Power Lunch" today. I'm filling in for the lovely Sue Herera who is on assignment today. Right ahead of the release of the latest minutes from the Fed's policy meeting, Bill Griffeth and I will be talking about just what to expect from Bernanke and the consumer. I'll also be asking the question: Is the consumer tapped out?
On Friday, I reported about Nielsen's upcoming social networking site, 'Hey! Nielsen.' The idea is to mine online buzz to find out what movies, music, tv, and online video people are talking about online, with the idea to eventually turn that buzz into relevant numbers for advertisers. Nielsen won't be the first to look to social networks for insight.
Wal-Mart Stores, is hiring middle-management level executives to help evaluate the type of stores that it operates ahead of the arrival of British grocery Tesco to the United States.
Who said print was dead? September's issue of Vogue (owned by Conde Nast) boasts a record breaking 727 advertising pages: the most ad pages EVER published in a monthly consumer magazine. Sienna Miller graces the cover of the door-stop sized mag which is on shelves now. The oversize layout is a sign that fashion magazines are alive and kicking in a publication industry otherwise suffering from ever declining ad revenues.
On the day that Atlanta Falcons quarterback Michael Vick pled guilty to charges related to dogfighting, Nike announced on Friday night that it has ended its relationship with its former endorser.
It doesn’t take much skill to discover who’s now. It’s a little bit better to call who’s next. So I’m doing it right now. Ana Ivanovic is the next Maria Sharapova. And the only thing Maria can do about it is make sure that she has a better record on the court than Ivanovic. Because the marketing momentum of this 19-year-old Serbian seems to be unstoppable.
Subprime-battered mortgage lenders are shutting down, fewer homes are being built, and even some of the big U.S. retailers are planning conservatively for Christmas holiday sales.
The one and a half billion dollar stock buyback and earnings of nineteen cents per share were the headlines of Gap's second quarter financial results. The numbers seemed totally secondary on the company conference call though. Not surprisingly, the intrigue was surrounding just what the CEO Glenn Murphy would say about his vision for the company.
Australian clothing retailer Billabong International reported a 15% rise in full-year profit on Friday as it continued an international expansion, and said it expected 15% earnings per share growth in fiscal 2008.