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CEOs from McDonalds, Adidas and WPP Group looking to boost sales from the long-awaited Beijing Olympic games, talked about their various strategies to expand brand image, their views on the economy, and more on CNBC.
Analysts are pretty much in agreement that Swiss drugmaker Roche is gonna have to pony up more than the 89 bucks it has already offered for the rest of Genentech it doesn't currently own.
The king of satellite radio will be the first of many big-name businessmen going one-on-one with Cramer over the next two weeks, starting Monday. Don't miss it!
Video rental company Blockbuster posted a second quarter loss of $44.7 million, or 23 cents per share, compared to an 18 cent-per-share loss in the year-ago quarter. But, thanks to improved sales the company raised its outlook, predicting a profit of between $21 million and $36 million for the whole year.
AIG reports weak earnings and further write-downs, while GE says the Beijing Olympics will help boost the company's brand image. Following are today's top videos:
A week after Bristol-Myers Squibb made its move for ImClone Systems, one of the people who made the biotech infamous could be getting out of the clink.
Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.
Neptune Orient Lines, which made a bid for German rival Hapag-Lloyd, warned its business will be much more difficult in the second half of 2008, as it posted a 19 percent fall in profit due to tough conditions and higher costs.
Financial strategist Richard Bove slashes Lehman's 2009 earnings estimates and Cisco's CEO comments on his company's earnings report. Following are today's top videos:
In the latest move in the big pharma restructuring/outsourcing trend, Eli Lilly announced this morning that it's selling a lab site in its home state of Indiana to the contract research organization Covance.
Over the last year of putting together our CNBC documentary, co-workers have asked me time and again about my favorite moments. When you watch "Saving GM" tonight, you will see some of them. But here are my top 3.
Hovnanian Enterprises CEO Ara Hovnanian says recovery is coming to the housing market, but next year will be a wild card.
Bond experts discuss the Fed's rate decision and an analyst feels optimistic about Cisco's earnings numbers. Following are today's top videos:
The company is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor.
The board of directors at General Motors remains supportive of Chief Executive Rick Wagoner, despite the company's recent, unexpected $15.5 billion loss, the Wall Street Journal reported Tuesday.
GM Vice Chairman Bob Lutz invited me to watch him test the E-Flex system behind the new Chevy Volt. Given the enthusiasm surrounding the Volt, I jumped at the opportunity. Would E-Flex deliver on the promise that's been built up surrounding GM's electric car? The answer: Yes.
The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial crises now engulfing it, according to more than two dozen current and former high-ranking executives and others, the New York Times reported.
Today on CNBC, Merrill Lynch CEO John Thain gave an exclusive interview, and the chairman of Rosen Real Estate Securities claimed that economic recession has only just begun. What follows are today's top videos:
Just before the opening bell this morning ImClone Systems put out a clearly Carl Icahn-inspired press release regarding last week's $60-a-share buyout offer from Bristol-Myers Squibb.
After almost 10 years of covering General Motors, including the last year going behind the scenes for our upcoming documentary "Saving GM", I often hear the same question time and again. Where is chairman and CEO Rick Wagoner taking this company?