NAIROBI, Dec 3- Kenya began work on a $653 million expansion of the capital's main airport on Tuesday, the second large-scale infrastructure project it has launched in a week aimed at boosting trade and cementing its status as a regional commercial hub.» Read More
General Motors says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.
After April's dazzling performance, stocks have begun May in a positive position. Experts tell CNBC this is the beginning of a new bull market which could last into 2013. But others disagree, saying a pullback is due.
Global stocks were mixed Tuesday ahead of the release of the U.S. government's bank stress test results out later in the week as reports claim up to 10 banks will need to raise more capital.
Now Global stocks were positive Monday as investors feeling confident that the U.S. financial system has already suffered the worst of its crisis and is getting healthier, just before the government releases the results of stress tests later this week. Experts tell CNBC how to invest.
Global stocks rose Monday ahead of the expected release of the U.S. government's bank stress test results. Experts tell CNBC if the banking system isn't fixed, governments' stimulus efforts are in vain.
Chrysler's sales in the U.S. for April were down 48 percent. The now bankrupt automaker sold 76,682 total vehicles versus 147,751 a year ago. Despite the big declines, all the numbers were well above forecasts.
Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak.
"Pork bellies! I have a hunch something exciting is going to happen in the pork belly market this morning." Dan Aykroyd said just that in "Trading Places," the finest movie ever based on the commodities markets.
Stocks ended flat for the day as news of a Chrysler bankruptcy filing quashed the day's gains, but logged solid gains for the month of April.
Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.
Global stocks enjoyed a second day of gains Thursday, waving off fears of a swine flu pandemic, as most corporate earnings come in better than expected. But with the global economic outlook still cloudy, experts tell CNBC how best to invest.
Three people briefed on the deal say Italian automaker Fiat Group SpA will sign paperwork by Thursday to become a partner with Chrysler.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
GM and Chrysler dealers have both hired lawyers to represent them in bankruptcy proceedings, CNBC has learned.
Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.
Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.
Global stocks were higher Wednesday as swine-flu fears took a step back from the spotlight and investors focused on the upbeat economic data which came out of the U.S. Experts tell CNBC that the acceleration in China's stock markets may be short-lived.
There could be some investment opportunities from the swine flu outbreak, said Darin Richards, CIO of AKT Wealth Advisors.
It may be the safe-haven choice of the financial crisis, but experts tell CNBC that cash will underperform over the next 10 years.