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Stocks opened mildly positive as a continued decline in weekly jobless claims help brighten hopes that the decline in the economy was abating—but surprisingly weak retail sales numbers tempered the enthusiasm.
General Electric and Comcast announced a $30 billion agreement to shift control of NBC Universal from GE to Comcast, in one of the biggest deals in media history. Craig Moffett, senior telecommunications analyst at Stanford Bernstein, shared his insight.
Though Friday's November employment report is the most widely anticipated economic release of the week, Thursday's news docket is so full that investors may not spend much time thinking about those jobs numbers.
NBC got its start in 1926 as the nation's first radio network. Its parent company, the Radio Corporation of America, figured people would buy the radios it made if they had interesting things to listen to.
General Electric and Comcast announced a $30 billion agreement to shift control of NBC Universal from GE to the Comcast, in one of the biggest deals in media history.
The secret meeting was set for an early July afternoon in a condominium along the ninth hole of a golf course in Sun Valley, Idaho. Jeffrey R. Immelt, General Electric’s chief executive, arrived first, taking care to avoid being spotted by his own employee, Jeff Zucker, the chief executive of NBC Universal, who was mingling with other executives nearby.
Brian Roberts is on track to run a massive, vertically integrated media giant. But unlike some of his fellow media moguls, he doesn't have high-profile family drama (Sumner Redstone), spark controversy in the media by picking fights with Google (Rupert Murdoch), and he's not a fixture on the red carpet (Bob Iger).
The Dow ended slightly lower Wednesday as oil prices fell and investors worried about bank profits. Amazon buoyed the Nasdaq.
What follows is a roundup of corporate earnings reports for Tuesday, Dec. 2.
Can investors trust the stock rally and what should they be watching for in the economy? Peter Costa, president of Empire Executions and CNBC market analyst, and Jonathan Corpina, senior managing partner at Meridian Equity Partners, shared their insights.
Markets vacillated Wednesday, after two employment reports showed improvement—but not as much as expected. Where should investors be looking? David Kotok, CIO of Cumberland Advisors, and Dave Shepherd, financial planner at Retirement Financial Services, shared their views.
Stocks were mixed Wednesday, with the Dow and S&P retreating, after the S&P broke through a key level. Amazon gave the Nasdaq a boost.
Mr. Zucker, who was a lightning rod in the television business long before he became chief executive of NBC Universal in 2007, now finds himself at the center of one of the biggest deals in media.
Comcast’s impending acquisition of NBC Universal will certainly set off an effort to turn Versus into a viable alternative, if not a full-fledged competitor, to ESPN. Under Comcast’s ownership, Versus has transformed from the Outdoor Life Network to OLN, then, in 2006, into its current incarnation.
Stocks turned mixed in late-morning trading Wednesday, with the Dow retreating, after the S&P broke through a key level.
Stocks turned mixed on Wednesday, with the Dow retreating, after the S&P broke through a key level. Barbara Marcin, portfolio manager at Gabelli Blue Chip Value Fund, shared her investment strategies.
The U.S. unemployment rate reached 10.2 percent in October for the first time in over 26 years, even though the pace of job losses slowed. So what’s next for the market? John Lonski, chief economist at Moody’s Investors Service, shared his economic insights.
The Street is closely watching developments as GE moves ever closer to selling NBC Universal. What must you know?
Stocks kicked off December with a rally Tuesday as Dubai fears subsided and the dollar retreated, pushing gold to a new record above $1,200 an ounce. The Dow gained 1.2 percent to close at its highest level since Oct. 2008.
GE's is in the process of selling a majority stake in NBC Universal to Comcast, which will create a new vertically integrated media giant.