British luxury group Burberry posted a 14 percent rise in full-year pretax profit and said profit for the first half of its new fiscal year would be below last year's as it reduces its wholesale business in favor of retail markets.
Michael Pachter, Wedbush Securities analyst, has the play on Best Buy after reporting better-than-expected numbers and no buyout offer from founder Richard Shulze.
CNBC's Phil LeBeau talks with Kurt McNeil, General Motors vice president of North American sales about the automaker's February sales numbers, especially strength showing in its truck sales.
Facebook announced on Thursday it plans to acquire the Atlas Advertiser Suite from Microsoft. The company didn't reveal a price tag, but sources tell me Facebook is paying in the ballpark of $100 million.
Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
Mad Money host Jim Cramer speaks out on JC Penney's tailspin. Jan Kniffen, Worldwide Enterprises CEO; Josh Feldmeth, Interbrand New York CEO; and Gina Chon, Quartz Corporate Reporter, weigh in. "I think the turnaround is going to work," explains Kniffen.
The big box retailer is deploying various new strategies to turn the company around and combat "showrooming" including honoring online price matching all the time. Still, Wall Street expect same-store sales to fall 1 percent for the fourth quarter.