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Merrill Lynch Chairman and CEO Stan O'Neal told shareholders that "mistakes" in subprime lending exposure led to $7.9 billion in write-downs for the third quarter.
Investors are still jittery about the future of Bear Stearns, and they cite several reasons, CNBC has learned.
The chief executive of online gaming company Unibet Group has been arrested in the Netherlands on a French warrant, the company said Tuesday.
The world's largest retailer has spawned this blog's biggest response ever! The anti-Wal-Mart emails (some 655, almost all I would say from Wal-Martwatch.com readers) keep pouring into the Retail Detail inbox. We'll continue to post your thoughts and responses so keep them coming. I've yet to hear from any on the pro Wal-Mart side.
What can I say? I love alliteration. But investors in the drugmaker are probably in no mood for a cute, clever turn of phrase. SGP is absolutely getting hammered this morning after coming in with third quarter earnings below expectations.
I watched the latest vote results from rank and file United Auto Workers at Chrysler and thought to myself, "what do these people want?" Through the weekend an estimated 11,000 UAW have rejected the tentative contract the union agreed to with Chrysler. Some 6,000 have voted in favor of it.
CtW Investment Group, a pension fund advisory group affiliated with seven labor unions, said it sent a letter to the board of Countrywide Financial, urging it to ask for the resignation of Chief Executive Angelo Mozilo, The Wall Street Journal said.
An ebbing tide may take all ships lower, but that doesn't mean the housing crisis is going to make people stop buying mattresses.
“Power Lunch” is in Philadelphia. Here's what some of the guests on the program are saying.
What's on the minds of today's chief executives? Here's a sampling of what CEOs are saying on CNBC.
Finally, at long last, someone in Detroit has seen the light. That someone is Chrysler president Jim Press, and what he's about to do is something executives in Detroit should have been doing for decades: Stop building cars/trucks/SUV's that don't sell.
There's no end in sight for the rise in crude oil prices, according to BP Capital CEO Boone Pickens.
Real estate developer and Trump Organization Chairman Donald Trump appeared on CNBC's "The Billionaire Inside" to offer his unique perspective on what it takes to be a tycoon.
Here's a look at what some CEOs are talking about on CNBC today:.
Citigroup denied speculation in the markets that embattled CEO Charles Prince had been asked to step down, a rumor that briefly sent Citi shares higher.
CBS Corp. said it has signed a new employment contract with Chief Executive Leslie Moonves that extends his term to 2011.
Bristol-Myers Squibb won U.S. approval Tuesday to sell a new drug called Ixempra for advanced breast cancer, the Food and Drug Administration said.
Boeing named Pat Shanahan as vice president and general manager of the 787 program, succeeding Mike Bair, who will become vice president of business strategy and marketing for commercial airplanes, both effective immediately.
BAE Systems Chief Executive Mike Turner will step down as CEO and leave the board in August 2008, Europe's largest defence company said on Tuesday.
Package delivery company United Parcel Service said Monday that Chief Financial Officer Scott Davis will replace Chief Executive Officer Mike Eskew, who will step down at the end of this year.