The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn tells CNBC.» Read More
Gannett will spin off its publishing business from its broadcasting and digital units. It's also acquiring full ownership of Cars.com for $1.8 billion.
Aug 5- Gannett Co Inc, the publisher of USA Today, said it would buy the 73 percent stake it does not already own in automotive website Cars.com for about $1.8 billion in cash. Gannett also said it would split into two publicly traded companies. One would focus on broadcasting and digital businesses, and the other on its publishing business, the company said.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is nearing an agreement to buy the portion of the auto-sales website that it does not already own for $1.8 billion, people familiar with the matter said on Monday.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is near an agreement to buy out the part of the auto-sales website that it does not already own for $1.8 billion, a source familiar with the matter said on Monday. This would be the latest step for Gannett to diversify its business away from newspapers.
Aug 4- Gannett Co Inc one of the newspaper owners of Cars.com, has agreed to buy out the part of the auto-sales website that it doesn't already own for $1.8 billion, Bloomberg News reported on Monday.
Gannett agreed to purchase 73 percent of auto-sales site Cars.com for $1.8 billion, Bloomberg reported, citing sources with knowledge of the matter.
Some of Tuesday's midday movers:
The Supreme Court delivered a major setback to online TV startup Aereo. How will consumers fare following the ruling?
After retreating from highs in early March, shorts sellers in the S&P 500 have returned over the last eight weeks.
This media company has "Warren Buffett's kind of community newspapers," said Smead Capital Management's Bill Smead, who also likes an insurer and a biotech company.
Media General said it would buy LIN Media for $1.6 billion to create a broadcaster reaching nearly a quarter of U.S. households with a television.
Some of the names on the move ahead of the open.
In his book "Get Rich Carefully," CNBC's "Mad Money" host explains how spotting long-term megatrends can help investors surf the wave of profitability.
A look at Tuesday's midday movers:
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Bill Smead, CEO & CIO of Smead Capital Management gives CNBC's Cash Flow his stock picks and tells us why he thinks the U.S. markets are due for a correction.
Stocks finished narrowly mixed in lackluster trading Monday, after the S&P 500 hit another record high and as investors were reluctant to make big bets ahead of the September government jobs report.
Take a look at some of Monday's midday movers: