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  • Home Depot to Cut Unit Sale Price by $1.8 Billion Monday, 27 Aug 2007 | 7:50 AM ET
    Home Depot

    Home Depot agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate.

  • Home Depot Shares Up on Hopes of Supply Unit Sale Friday, 24 Aug 2007 | 2:35 PM ET
    Home Depot

    Shares of Home Depot were up 1.3 percent Friday as investors waited for word about whether a sale was on or off for the home improvement retailer's contractor business.

  • BHP Billiton Seeks to Grow Aggressively in India Friday, 24 Aug 2007 | 4:20 AM ET

    BHP Billiton, the world's biggest mining company, said it would seek to grow aggressively in India where volume growth is outstripping China, its other boom market.

  • Mortgage Stocks Rally on News of Countrywide Investment Thursday, 23 Aug 2007 | 11:32 AM ET

    Shares of Thornburg Mortgage, Accredited Home Lenders Holding and other mortgage stocks were trading higher before the opening bell Thursday after Bank of America made a $2 billion investment in Countrywide Financial.

  • Qwest CEO Nacchio Can Remain Free on Bond Thursday, 23 Aug 2007 | 5:59 AM ET

    A federal appeals court ruled Wednesday that former Qwest Communications CEO Joe Nacchio can remain free on bond while he appeals his insider-trading conviction.

  • Facebook Devising New Advertising System: WSJ Thursday, 23 Aug 2007 | 5:53 AM ET

    Social networking Website Facebook is working on an advertising system to allow marketers to target users with ads based on the information people reveal about themselves on the site, the Wall Street Journal reported in its online edition early on Thursday.

  • Former AOL executive Stephen M. Swad has become the new chief financial officer at mortgage finance giant Fannie Mae, the company said Wednesday. Swad's succession as finance chief, replacing Robert Blakely, had been planned for some time.  Blakely stepped down as its chief financial officer last Friday but remains an executive vice president.

  • Intuit Reports Narrower Loss, Names New Chief Executive Wednesday, 22 Aug 2007 | 5:15 PM ET

    Intuit, the maker of TurboTax software, named a new chief executive on Wednesday and also posted a loss for its fiscal fourth quarter, which is traditionally its weakest. Intuit said that CEO Steve Bennett would step down at the end of December and be replaced by Brad Smith, senior vice president and general manager of Intuit's Small Business Division.

  • Shareholder Advisor Backs $32 Billion TXU Buyout Wednesday, 22 Aug 2007 | 4:01 PM ET

    Shareholder advisory service Proxy Governance recommended Wednesday that TXU shareholders vote in favor of a $32 billion, or $69.25 per share, buyout by a group of investors.

  • Pfizer "Dials Up" Telecom Exec D'Amelio For Help (update) Wednesday, 22 Aug 2007 | 11:00 AM ET
    Frank D'Amilio

    Late last year, in his first and last interview with CNBC following the blowup of the cholesterol drug torcetrapib, I asked new Pfizer CEO, Jeff Kindler, how he could go from "selling chicken" at Boston Market (he used to run the chain for McDonald's) to "selling drugs". Based on the subsequent vibe I got, it was clear that some of the Pfizer media relations people at the time didn't like the question.

  • Pfizer Picks Alcatel-Lucent Exec as New CFO Wednesday, 22 Aug 2007 | 10:46 AM ET

    Pfizer on Wednesday said it named Frank A. D'Amelio, a senior executive of Alcatel-Lucent, as chief financial officer of the drugmaker.

  • New Delta Air Lines CEO Downplays Merger Speculation Wednesday, 22 Aug 2007 | 10:14 AM ET

    Delta Air Lines' newly named chief executive, Richard Anderson, foresees further consolidation in the airline industry, but said Delta is not about to make a move to acquire Northwest Airlines.

  • Dubai World to Buy Stake in MGM Mirage Wednesday, 22 Aug 2007 | 9:44 AM ET
    MGM Mirage

    Dubai World, the investment holding firm of the Dubai government, will acquire a 9.5 percent stake in MGM Mirage and 50 percent of the casino operator's CityCenter development project for $5 billion, a source familiar with the situation said Wednesday.

  • Mortgage Lender First Magnus Files Chapter 11 Wednesday, 22 Aug 2007 | 12:48 AM ET

    First Magnus Financial, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis widens.

  • Delta Air Lines Taps Former Northwest Chief as New CEO Tuesday, 21 Aug 2007 | 5:17 PM ET
    Richard Anderson

    Delta Air Lines named former Northwest Airlines Chief Executive Richard Anderson as its new leader on Tuesday.

  • Saks: Listening To The Company Conference Call Tuesday, 21 Aug 2007 | 12:50 PM ET

    Saks' CEO Steve Sadove says that he is optimistic about the luxury market and that they're seeing a strong purchase performance from new customers. For the second quarter the high-end department store posted a net loss of $24.6 million, or 17 cents a share, versus a prior-year net loss of $51.9 million, or 38 cents a share.

  • Countrywide Talks (Employees) And Fake Jane Responds Monday, 20 Aug 2007 | 2:05 PM ET
    Fake Jane

    So I'm sitting in the bagel shop on Saturday morning having my usual breakfast and coffee, when a woman approaches me with a sunny smile and says, "I work at Countrywide and we watch you all the time!" I grimaced, thinking she must hate me. Instead, she said, "Are you OK?" I said, "Yes I'm fine, but, more importantly, how are you?" "Great!" She proceeded to tell me that everyone on the inside knows Countrywide is going to be fine...

  • Lamborghini Is Now My Dream Car: What's Yours? Monday, 20 Aug 2007 | 9:12 AM ET

    After a week of driving the California coast in a Lamborghini, getting back to the office is bringing on a real case of withdrawal. Seriously, after a 5 days of the "Lamborghini life" you get spoiled. It also has me pondering a question I'd like you to answer: What's your dream drive?

  • Another Former Brocade Executive Charged with Fraud Friday, 17 Aug 2007 | 3:42 PM ET

    The U.S. Securities and Exchange Commission on Friday filed fraud charges against the former chief financial officer of Brocade Communications Systems, saying he disregarded indications other executives were backdating stock options.

  • So J&J Thinks it Can Dance Friday, 17 Aug 2007 | 1:46 PM ET

    At CNBC we use -- among others -- a couple of primary business news wire services -- NewsEdge, part of Thomson, and Relegence, part of AOL.

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