Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
A downdraft in foreign markets is tugging at U.S. stocks this morning, and for now Wall Street looks set to open lower. US Airways is making headlines with a new bid for Delta Airlines and the big themes from yesterday in technology and jittery emerging markets will again dominate. Focus also shifts to Washington as President Bush unveils his Iraq strategy tonight and the new Congress takes on minimum wage.
Venezuelan stocks plunge 10% today after Hugo Chavez speech. Chavez is president of Venezuela--and in a televised speech last night in Caracas (he was just elected to a third term) he said he wanted his country to nationalize power and telecom companies. U.S. firms are major invstors in Venezuelan oil--and these new efforts in telecom by Chavez will also have affect on American companies beyond energy. On "Morning Call" CNBC's Michelle Caruso-Cabrera went over who's "hurt" but all this.
Financial markets will have plenty of news to feast on in the coming week although the markets generated enough headlines on their own in the first days of January with just a few big stories to chew on. The second week of January is quite busy. We're looking forward to some of the most important and newsy industry conferences of the year, plus the start of earnings season, an important Fed speech, and some fresh economic data.
Bad news from--and for Motorola today. The company announces poor fourth quarter expectations this morning--lowering its earnings and sales guidance. The cuts come as a result of shortfalls in its mobile devices unit. That news lead to downgrades by six analysts this morning. The stock is trading down nearly 8% in mid-day trading as a result. There was one analyst who may have seen this coming. He downgraded Motorola three weeks ago.
Markets? Markets? We Don’t Need No Markets!: During its nearly 18-year history, CNBC has employed a number of programming strategies on days when the markets are closed. Today is one such day - as the nation honors the memory of its 38th president, Gerald Ford. In this instance, we chose to go with regular live programming....
AT&T agreed last night to a number of concessions in its $85 billion proposed buyout of BellSouth. The telecom bellwether is hoping for approval by the U.S. Federal Communications Commission by the end of today – the final business day in 2006. Telecom analyst William Power was on “Street Signs” explaining what will happen if AT&T doesn’t make the deadline.
Almost every analyst has an angle on how to beat the market, and investors pay big money for trading tips that promise guaranteed profits. But here on CNBC we give that advice away for free. John Prestbo, editor of Dow Jones Indexes, shared his “Dogs of the Dow” strategy on “Morning Call” today. It returned 32% in 2006.
A long-delayed buyout deal between AT&T and BellSouth may close as early as tomorrow, CNBC's David Faber reported.
U.S. stocks are aiming higher after a late day rally gave stocks a lift yesterday, resulting in another record on the Dow but in a mixed market. Oil is firmer this morning, and energy shares were among those rebounding late yesterday after several losing sessions. Tokyo stocks were higher, and European markets were mostly higher with technology stocks among the winners.
The "rumors" are buzzing about what Apple's next big move might be. Some say it's an i-Pod cell phone combo, others think Apple will make a big move in, quote, "I-TV". On Power Lunch, Bill Griffeth sifted through all the speculation with with PC Magazine’s Lance Ulanoff. Ulanoff said, the only sure thing is the I-Phone.
They are the most powerful players in the M&A world. You could say they are the go to folks on a CEO's speed dial--when it comes to making deals. The first (or inaugural) issue of Dealmaker Magazine is out--and ranks the best investment bankers on the buy side of Wall Street.
Neale Anderson, Telecom & Media Analyst, Asia-Pacific, HSBC discusses the evolution of Asia's telecom infrastructure, warning the region has been lagging in adopting 4G technology.
Mats Olsson, Head, North East Asia Region, Ericsson says Asia will play a very important role in the adoption of new mobile technologies. He expects his industry's prospects to improve as the adoption of 4G picks up.
Michael Powell, NCTA president & CEO, talks about the impact of going over the "cliff" on the telecom industry.
Some investors are worried President Obama's win could mean a massive increase in the dividend tax, with Richard Ross, Auerbach Grayson and Erin Gibbs, S&P Capital IQ.
Perry Oosting, CEO of Vertu, explains why he expects the luxury goods market to remain resilient despite weakness in global economic growth.
Zeinal Bava, CEO of Portugal Telecom, informs CNBC what it is like to operate a successful international company in an austerity-stricken country like Portugal.
Cynthia Meng, Managing Director, China/HK TMT Equity Research, Jefferies Hong Kong says the roll out of the 4G network in China will be a turning point for the country's largest mobile phone operator.
CNBC's David Faber reports the details of Japan's Softbank buying 70 percent of U.S. mobile carrier Sprint Nextel for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
CNBC's David Faber reports the latest details on news that Japanese mobile carrier Softbank is in talks to acquire 75 percent of Sprint Nextel, in a deal that could top $12.8 billion.
Get the best of CNBC in your inbox