US stocks open higher, sending S&P 500 above its record high close; Hormel gains on earnings Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Justice Dept. announces nearly $17 billion settlement with Bank of America Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion US existing home sales rise for 4th straight month as supply grows, price gains moderate Sears 2nd- quarter loss widens as retailer continues to deal with sluggish sales Applications for US jobless aid fall by 14 K to 298 K, another sign the job market is healing Reports: Russia conducts checks at McDonald's restaurants after 4 are shuttered in Moscow US home sales pace likely slowed in July from previous month China manufacturing growth weakens in August in sign economic recovery is losing momentum» Read More
Carl Icahn, Icahn Enterprises chairman, discusses his tender offer for CVR Energy, and now holds 69% of the company's shares. Icahn also weighs in on whether Amylin Pharma should be sold, and reveals his thoughts on RIMM, with the Fast Money traders.
"This company reported a $15 million operating profit and it has now moved to a $15 million operating loss," says Dennis Berman, The Wall Street Journal, who discusses what Groupon has to do in order to restore its credibility and build confidence with Wall Street investors.
Michael Kneeland, United Rentals president & CEO, discusses how the downturn in the economy is benefiting his company because large construction firms are renting tools and equipment instead of buying them.
Share of Kellogg soaring on its deal to buy Pringles from P&G. CNBC's Brian Shactman has the details.
A Chinese sovereign wealth fund is poised to buy a stake in the water network that serves London, in what would be the fund’s first acquisition in the UK following investment talks with British politicians. The Financial Times reports.
Greg Abella, Investment Partners Group, and Kodak shareholder, discusses EK's bankruptcy filling, and the possibility of shareholder litigation.
A rare up day for Research in Motion on reports, Amazon, Microsoft, and Nokia have considered bidding on the company. Scott Sutherland, Wedbush Securities weighs in on the news surrounding the company.
AT&T has pulled out of their bid to buy T-Mobile from Deutsche Telecom and will take a $4B charge for doing so, with Walter Piecyk, BTIG telecom analyst.
Fast Money trader Steve Grasso discusses the underperforming airline sector. Also, Evercore has downgraded Yahoo despite a possible acquisition for the company, with Ken Sena, Evercore Partners analyst.
John Schiller, Energy XXI chairman & CEO, discusses Wednesday's lease sale for spots in the Gulf of Mexico and whether his company will continue to acquire of properties in the future.
The Fast Money traders weigh in with the play on Microsoft, as its estimates and price targets are slashed; and discussing Apple's potential acquisition of private flash storage company, Anobit Tech, for $450M, with Brian Marshall, ISI Group.
Billionaire investor Carl Icahn discusses why he has taken his takeover bid directly to CMC shareholders, and the difference between this bid and his takeover attempt of Clorox. Icahn also weighs in on a possible Navistar/Oshkosh merger, the presidential election, and the U.S. economy.
Shares of HELE are up after the company announces plans to acquire P&G's Pur, with Jason Gere, RBC household products analyst.
CNBC's Herb Greenberg has the story on stocks that are under the radar takeover targets.
Richard Leupen, CEO, UGL Group says the acquisition of property services firm DTZ adds capabilities in the UK, Singapore and China markets.
WNBC's Melissa Russo reports on AMR filing for Chapter 11 reorganization; AT&T pulls it's application to acquire T-Mobile; Transocean, the world's largest offshore rig fleet says it can't upgrade its rigs and the stock promptly fell to a seven year low; and Facebook settled charges from the FTC that it duped users about keeping information private.
The Fast Money traders weigh in on the rally in shares of U.S. Steel, and Carl Icahn's offer to acquire Commercial Metals for $15 per share.
Best Buy is shaking things up today, acquiring its British partner's stake of their US mobile phone joint venture for $1.3 billion, with Chris Horvers, J.P. Morgan, and John Carney, CNBC.com.
Debating whether or not Diamond Foods' Pringles acquisition would be a good addition to the company, with CNBC's Jim Cramer & Herb Greenberg.
CNBC's Jon Fortt reports Alibaba CEO, Jack Ma is "very interested" in buying Yahoo.