Asian equities put up an upbeat performance on the final trading day of the week, following an inspiring U.S. lead overnight as investors cheered the Federal Reserve's pledge to be patient in increasing interest rates.» Read More
If General Motors ends up buying Chrysler from German parent DaimlerChrysler, would that spark further consolidation among automakers? CNBC's Sue Herera posed the question on "Power Lunch" on Tuesday.
French Airbus Chief Louis Gallois is drawing up compromise restructuring proposals, people familiar with the discussions said Tuesday, after the main German shareholder blocked a plan designed to help the aircraft-maker cope with costly production delays and a weaker dollar.
Will Sirius' Howard Stern find true love with XM's Opie & Anthony? Blair Levin, managing director at Stifel Nicolaus (and former chief of staff at the FCC) told CNBC's Liz Claman he is "cautiously optimistic" that the satellite radio merger will be approved -- thanks to new technology.
Now the fun starts. Following last Wednesday's announcement from DaimlerChrysler CEO Deiter Zetsche that he's open to all options for the Chrysler division-including a possible sale- the rumors, scenarios, and yes a few factual reports started coming out all over the world.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.
Over the weekend reports have circulated that many companies are eyeing Chrysler and hat suitors could include South Korea's Hyundai Motor and General Motors on the division.
With DaimlerChrysler moving ahead on its plans to sell or spin off the Chrysler Group, there are a number of interested parties who are reported to be at least kicking the tires on a potential deal.
Hyundai Motor., the world's sixth-largest automaker, on Monday denied a British newspaper report that it is interested in acquiring Chrysler, the U.S. unit of German automaker DaimlerChrysler.
Driven by soothing words from the Fed Chairman and the market's own mania for deals, stocks closed out last week on a high note. This week, traders will be ready to pounce on any news that will reinforce the view that the Fed might cut rates this year after all.
General Motors is talking with DaimlerChrysler about a sports utility vehicle, but it is unlikely to be interested in buying Chrysler.
Stocks ended flat on Friday after spending the majority of the trading session in negative territory."People don't want to buy or add to positions ahead of the three-day weekend," said Charles Rotblut, senior market analyst at Zacks.com, in an interview with CNBC.com. "We had a good week and I actually thought there would've been more profit taking."
The boating industry is in a deep slump and sales are particularly weak in the Midwest, where auto industry layoffs are hurting consumer confidence.
Anyone who’s ever worked in the news business -- be it radio, television, or print -- has it drilled into their heads from day one: get it on (or out) NOW! ... In television, we have many ways to deliver breaking news. On the surface, that sounds like a nice advantage, and most of the time, it is. But it also introduces variables that other media don’t need to consider.
General Motors doesn't appear to be in serious negotiations to buy Chrysler Group from its German parent, DaimlerChrysler spacer. It doesn’t mean it couldn’t happen down the road, but it seems like we may be getting ahead of ourselves.
Discovery of an illegal fuel additive in one of Toyota's cars at the Daytona 500 are a distraction to the company's marketing efforts with NASCAR, but are likely to have little lasting impact. There is no charge the Toyota or its team knew about the oxygenate, let along sanctioned its use. NASCAR is second only to the NFL in sports marketing muscle.
The Dow Jones Industrials closed at another record high as positive momentum trumped a weak manufacturing report. "The markets are floating on a sea of liquidity, but the real driver of this market is the increasing risk appetite of investors." Jeffrey Saut, Chief Investment Strategist at Raymond James, told CNBC.com.
DaimlerChrysler's Chrysler Group and General Motors are in talks to jointly develop a large SUV like the Chevrolet Suburban, which Chrysler doesn't have in its current lineup, according to a report in Wall Street Journal.
Stocks are grounded for now, after flying high yesterday on Fed Chairman Ben Bernanke's soothing comments about inflation. The markets look flat to mixed ahead of the open and a bunch of economic data. More testimony from Bernanke and several key data points could determine direction.
A German court on Thursday rejected a lawsuit brought by DaimlerChrysler shareholders who claimed that the company did not announce in proper time that former chief executive Juergen Schrempp planned to step down.
Stocks closed at record levels after positive remarks from Fed Chairman Ben Bernanke sparked a broad rally which touched nearly every sector. The Dow ended at a record high while the S&P 500 climbed to levels not seen in more than six years. Gains on the Nasdaq were even better as investors snapped up semiconductor stocks.