Billionaire tech entrepreneur Mark Cuban also tells CNBC the FCC's net neutrality rules regulating the Internet as a utility are a "huge mistake."» Read More
Peter A. Chernin, the former president of the News Corporation and one of the most prominent media executives not tethered to a major conglomerate, is advising Comcast in its bid to acquire a majority stake in NBC Universal, according to executives briefed on the matter.
Verizon is being very savvy about marketing to cash-strapped consumers as we head into the holiday shopping season. Consumers who sign up for Verizon's new fiber network—FIOS—get a $150 pre-paid Visa card.
With Democrats in charge in Washington, supporters of so-called "net neutrality" rules seem poised to finally push through requirements that high-speed Internet providers give equal treatment to all data flowing over their networks.
The positive tone set by this week's earnings reports will likely shift toward mediocrity in the upcoming week, said Charlie Smith, CIO of Fort Pitt Capital Group and Alan Valdes, vice president of Kabrik Trading.
There’s been lots of attention paid to Vivendi’s board meeting today as a sign of whether it will sell its 20% stake in NBC Universal and thereby clear the way for the deal I have been reporting on that is close between GE and Comcast. But whether Vivendi decides it wants out of its partnership with GE is not the point.
Stocks ended mostly lower Tuesday after J&J's revenue miss stirred worries about this earnings season.
Stocks skidded Tuesday as earnings season took a turn for the worse. After a few companies delivered what analysts want to see this quarter, improvement in revenue, J&J delivered more of the same from last quarter.
Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
Two weeks into a new season, the talk of television is the Leno effect — and whether it is hazardous to NBC’s health.
Have a healthy dose of cynicism when taking in earnings estimates. They are merely guesses; measured guesses, but still just educated speculations about the past and future.
The market is only about halfway through what is historically typical of a bear-market recovery—and this time around, the rebound is likely to be even bigger, said Barton Biggs of Traxis Partners.
General Electric is an example of a company making changes based on a dramatic shift in the environment.
Stocks ended lower Friday as a dismal jobs report capped a string of disappointing economic reports this week, which cast doubt on the recovery. It was the market's second straight down week in which stocks have lost more than 3 percent.
Stocks tried to push higher Friday as the dollar's retreat helped the market but investors remained worried about the recovery in the wake of some disappointing economic reports.
MGM, the debt-laden privately held film studio, has been given a temporary reprieve on its interest payments.
Stocks opened lower Friday after disappointing reports on jobs and manufacturing.
Stock index futures plunged as September nonfarm payroll declines were far worse than Wall Street estimates.
Wall Street's bears have the upper hand ahead of Friday's September jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent.
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
Stocks tumbled on the first day of the quarter and Dave Rovelli, managing director at Canaccord Adams, and Warren Meyers, CEO of Walter J. Dowd, said this may be an opportunity for bears to seize control.