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A.G. Lafley's return as boss at P&G will be beneficial to the company because he "knows where the bodies are buried," management expert Jeffrey Sonnenfeld tells CNBC.
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Stocks soared Tuesday, led by financials, as the market breathed a huge sigh of relief following better-than-expected earnings from Goldman Sachs and Lehman Brothers.
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Stocks soared Tuesday, led by financials, as the market breathed a huge sigh of relief following better-than-expected earnings from Goldman Sachs and Lehman Brothers.
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Stocks opened higher Tuesday as investors are anticipating that the Federal Reserve will deliver an unusually large rate cut.
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It's a familiar refrain from strategists and fund managers, especially these days: Think long-term. Jensen Investment Management chairman Robert Millen and David Katz, chief investment officer of Matrix Asset Advisors, think that's the only way to go.
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Dell the world's second-biggest personal computer maker, expects its growth to outrun the overall industry's, with Asia leading the trend, founder and CEO Michael Dell said on Tuesday.
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Dell, the world's second-biggest personal computer maker, expects its growth to outrun the overall industry's, with Asia leading the trend, founder and CEO Michael Dell said on Tuesday.
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Today's disaster du jour comes from Intel, the world's largest chipmaker, reducing gross margin expectations for the first quarter by a couple of percentage points. The company now expects gross margins of about 54 percent, compared to its original forecast of 56 percent.
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For the week ending Friday, March 07, 2008 the US Markets all ended the week down close to 3% or greater. The Dow closed below 12,000, the NASDAQ breached its 52-week low, and the S&P 500 closed below 1300 for the first time since September 11, 2006. In contrast commodities continue to hit new record highs, and the US dollar fell to record lows on a weak economy. Bernanke hinted at further rate cuts, the ECB held rates steady, and jobs unexpectedly fell, heightening fears that the US economy has hit a recession. Many economists are no longer questioning a recession, but how long it will last.Next week, the markets will watch for Retail Sales on Thursday and earnings from some of the smaller retailers, while inflation watchers await the CPI report on Friday, seen rising again in February. If consumer prices rise beyond comfort levels, the spectre of stagflation, price inflation amidst weak economic growth, will again rear its head.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.
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The incredible shrinking dollar and fired-up commodities markets will be features again on Friday when the markets have another look at fresh inflation data.
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Slowing economic growth and rising oil prices pushed The Dow lower Thursday. What's the word on the Street?
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Dell posted a lower-than-expected quarterly profit and cautioned that customers may rein in spending, sending its shares lower in extended trading.
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Talk about a confusing report: Dell reports 31 cents a share on $15.99 billion in revenue and at first blush the news seemed almost devastating. The conventional wisdom going into the report was that expectations had been lowered so significantly that Dell should have no trouble at all beating them.
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Stocks declined Thursday after Federal Reserve Chairman Ben Bernanke said bank failures are likely as the housing crisis takes its toll, and a pair of economic reports came in weaker than expected.
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Stocks declined Thursday after Federal Reserve Chairman Ben Bernanke said bank failures are likely as the housing crisis takes its toll, and a pair of economic reports came in weaker than expected.
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With a declining dollar and Thursday's weaker-than-expected economic data, the markets can seem a little scary. To ease investors’ fears, CNBC asked the experts where they would put their money.
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Stocks opened lower open Thursday after reports on GDP and jobless claims.
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It's clear that Michael Dell's honeymoon period is over, and that investors are looking for tangible results from the turnaround strategy he has implemented since returning to his namesake company as CEO. The question though is whether this is merely a dead-cat bounce, or whether Dell is truly beginning to turn things around.