Is the franchise model running out of steam? Steve Joyce, Choice Hotels International president and CEO, explains how he is growing his brand and positioning his company in urban and luxury areas. "The upscale space" is the fastest growing space," he added.
General Electric is at a 52-week high, reports CNBC's Mary Thompson. General Electric executives are taking questions in regards to the sale of NBCUniversal to Comcast.
Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
A cruise line said it is making the passengers stranded aboard a disabled ship in the Gulf of Mexico as comfortable as possible, contradicting the accounts of some passengers who told relatives of filthy, hot conditions and limited access to food.
Retailer J.C. Penney increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.
Philipe Houchois, autos analyst at UBS, tells CNBC that Peugeot are too big a player in the industry to fail, even though they may need the French government to provide financial help.
Jean Francois van Boxmeer, CEO of Heineken, tells CNBC that the importance of Europe is declining for Heineken and they have been increasing their footprint in Asia, Latin America and Africa.
Heineken, the world's third largest brewer, reported higher than expected 2012 profit on Wednesday on the back of sharply higher earnings from Africa and the Americas and forecast higher revenue this year.
Mobile devices and other digital platforms are the future of pizza, with a growing number of Australians and New Zealanders using their mobile phones to make an order.
Comcast is up 9 percent on news it will acquire the remaining 49 percent stake in NBCUniversal from General Electric, with Porter Bibb, MediaTech Capital Partners and CNBC's David Faber.
Many owners are happy to part with large sums of cash to buy extravagances for their pets. Here's a list of products for the pet who has everything, and the owner who gives it to him.
Comcast is purchasing the remaining 49 percent stake of NBCUniversal from General Electric, with Porter Bibb, MediaTech Capital Partners; Dan Holland, Morningstar; and CNBC's David Faber.