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Scandal-hit French bank Societe Generale opened its own inquiry on Wednesday into how it suffered history's biggest rogue trader loss, but resisted heavy pressure to sack its chairman and CEO.
If you think your portfolio has taken a hit since the beginning of the year, consider Steve Jobs and his stake in Apple: He's down $377 million and change since Jan. 1, so if anyone knows the magnitude of Apple's steep--and some say overdone--decline since then, it's the mercurial Apple chief.
Direct-to-consumer pharmaceutical advertising is everywhere in American media because it works. Generally speaking, it drives patients to ask/tell their doctors to prescribe a particular medication.
The Phillips-Van Heusen CEO explains why his company should make the cut. Plus, Jim's favorite names in the sector.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
In what I would describe as a pretty extraordinary filing with the Securities and Exchange Commission, Schering-Plough is putting in black and white the date and time that senior level executives were informed about the results of the controversial ENHANCE study of the cholesterol drug Vytorin.
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. .
Late Sunday night, Countrywide announced that Chairman and CEO Angelo Mozilo is voluntarily giving up his entire severance package if and when he leaves the company. The company says he’s walking away from a package worth $37.5 million, much lower than the $115 million estimate reported by an outside compensation expert in the Los Angeles Times.
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.
Countrywide Financial's fourth-quarter results, scheduled for release on Tuesday, will be closely scrutinized for what they show about the declining U.S. housing market, and what they mean for Bank of America, which is buying the nation's largest mortgage lender.
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.”
Over 30 years this Indian software engineer has helped pioneer outsourcing from the West. The company he co-founded now receives one and a half million job applications each year. By building Infosys he has contributed to a transformation of India's reputation, stoked controversy and built a personal fortune worth in excess of one billion US dollars.
Activist shareholders claim the company has derailed, but the CEO's performance says otherwise. Cramer got him on the phone to get the whole story.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
McGraw Hill Companies posted fourth-quarter earnings that missed analysts' expectations by 9 cents per share, as revenue from credit market services tumbled. The diversified information services provider's CEO told CNBC he expects a challenging first half of 2008 -- but with a better performance in the second half.
ImpactRx--which follows prescription writing for the industry, investors and analysts--is out with a press release this afternoon assessing the damage to Merck and Schering-Plough's cholesterol franchise of Vytorin and Zetia.
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.
Sprint Nextel said Thursday Chief Financial Officer Paul Saleh and two other top executives would leave the company in a new management shake-up as the No. 3 U.S. mobile service grapples with subscriber declines.
As I stand outside. Ford headquarters on a brutally cold day, I'm toying with how to make a play on words about Ford's 4Q earnings might be warming the hearts and portfolio's of it's investors.