Discussing if the departure of U.S. CEO Bill Simon means a shakeup down the road for Wal-Mart, with Budd Bugatch, Raymond James & Associates, and CNBC's Courtney Reagan.» Read More
Drug distributor AmerisourceBergen on Monday said Kurt Hilzinger resigned as chief operating officer and director to join a private equity firm and will not be replaced.
There's a reason CEOs end up in Cramer's Hall of Shame. Here are three whose companies are a definite sell, sell, sell!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.
“Power Lunch” is in San Francisco to focus on the role of of venture capital in the economy – from alternative energy to biotech to new media – and talk to major players in the field.
It’s almost four years at the helm of Citigroup for Chuck Prince, and the stock is virtually unchanged. CNBC’s Charlie Gasparino joins the panel to discuss the pressure that the Street is putting on Prince and Citi.
Coca-Cola's CEO Neville Isdell indicated he would stay on at the helm of the global drinks group after he turns 65 next year, the Financial Times reported on Friday.
Pacific Investment Management Co. (Pimco) is planning to take advantage of relatively cheap mortgage securities in the wake of the recent credit crisis by launching a $2 billion distressed-debt fund to buy the beaten-down assets, the Wall Street Journal reported Thursday.
Recently I blogged about the hiring of a new CEO at ImClone Systems and the unique clause in his contract requiring him to buy half-a-million dollars worth of stock in the company. My suspicion was that ImClone Chairman and billionaire shareholder Carl Icahn had a hand in that.
Yesterday, I blogged that messages to each of David Maris' lawyers seeking comment on Biovail "dropping" or "settling" its case against the former Bank of America Securities analyst had gone without a response. Well, this morning I got this email from one of his attorneys tossing the ball back in Biovail's court:
How's this for exclusive? Lamborghini unveils its newest model today in Frankfurt, Germany with a pricetag of $1.38 million. And here's the best part: Lamborghini has already sold out ALL 20 of its new million dollar ride.
Low-cost carrier JetBlue Airways said Wednesday that it had named Chief Operating Officer Russ Chew to the post of president. Chew, 54, succeeds Chief Executive David Barger as president of the discount airline.
Leap Wireless International, which is reviewing a buyout offer from MetroPCS Communications, said Wednesday that board member James Dondero has resigned from the Leap board, effective Sept. 10.
U.S. investor Warren Buffett's Berkshire Hathaway sold more of its stake in top Chinese oil producer PetroChina in late August, selling about US$136 million worth of shares, as it took profits on what has been a lucrative holding.
From Rapper L.L. Cool JJ to Saks CEO Steve Sadove to Jack Mitchell of the family-run Mitchell/Richards retailer-to-the-CEO-crowd stores and Gildo Zegna himself....the front rows at the Z Zegna show encapsulated the mix of sensibilities behind the younger Zegna house. In its second New York runway appearance (I covered the first one at Fashion week last year), the Z Zegna show was once again a hot ticket.
A follow-up to my post yesterday about the New York Post story regarding Biovail "dropping" its lawsuits alleging collusion to beat down its stock. This email showed up in the blog inbox this morning..."Your report on Biovail is not accurate..."
The top executive at General Motors said on Tuesday that the automaker was watching the downturn in the U.S. housing market closely and blamed the softness there for weakness in vehicle sales.
General Motors in its contract negotiations with the United Auto Workers union has proposed one option that excludes establishing a union-run healthcare trust but calls for deeper cuts in several areas, the Wall Street Journal reported in its online edition.
Sears Holdings said Monday that J. Miles Reidy, an executive at Capital One Financial, will join the department store operator as chief financial officer starting in October.
Weyerhaeuser, one of the world's largest paper and lumber companies, said Monday that it would probably have to close plants and restrict operations because of weak market conditions.
U.S. health regulators charged Boston Scientific with inadequate record-keeping and reporting following the deaths of five patients implanted with an experimental device to treat a dangerous ballooning of the body's main artery.
Rescue crews searching for famed millionaire adventurer Steve Fossett stumbled upon another false lead Sunday when they discovered what they thought was a downed airplane -- but did not find the missing aviator.