"California has a lot of growing up to do on how to use water well," says a Napa wine grape grower who uses recycled wastewater to irrigate his vines.» Read More
Steven Spielberg and his team at Dreamworks SKG have finally completed their $1.2 billion financing deal with Indian entertainment conglomerate Reliance ADA Group. Notably, this gives Spielberg the financial backing to leave Viacom's Paramount Pictures and will likely force some sort of change or restructuring at the studio.
Several companies with large operations in the financial services sector are looking to be added to the government's list of stocks that cannot be sold short.
The American Bankers Assocation has objected to the plan to guarantee money market funds on the grounds that it will REDUCE deposits in the nation's banks. Huh? I just got off the phone with them, here's their reasoning...
The curb on short sales is giving the market a big lift now, but what happens in two weeks when the ban expires?
General Electric is expected to be added to a list of financial stocks that can no longer be sold short, according to people familiar with the situation.
Stock-market investors prefer bulls -- but is it time to get back in? Harbor Advisory CIO Jack DeGan suggests that value investors take half a position in some stocks now, and wait to invest the rest. (Part 2)
Stock-market investors prefer bulls -- but is it time to get back in? Harbor Advisory CIO Jack DeGan suggests that value investors take half a position in some stocks now, and wait to invest the rest. (Part 1)
The experts have their say on whether any investment banks can go it alone.
Wall Street suffered another beating Wednesday at the hands of investors panicking over the state of large banks, as they flocked from stocks and sent safe-haven areas like gold soaring.
Republican presidential candidate John McCain, struggling to strike the right note amid roiling financial markets and a Wall Street restructuring, on Wednesday softened his opposition to a bailout of mega-insurer AIG that he had flatly ruled out a day earlier.
Insurance companies have gotten away from their core competencies and that is "dangerous," said New York State Insurance Superintendent Eric Dinallo.
Former Allstate CEO Edward Liddy will be the new CEO of AIG, which was rescued by an $85 billion loan from the Fed, in exchange for an 79.9% stake in itself.
If no private equity bridge loan: 20 percent chance that a sov. wealth fund or private equity would offer a high interest rate loan with an option to buy the entire company at a price above the present market value.
U.S. stock index futures dropped as fears mounted over the capital position of American International Group.
The Dow and S&P 500 fell over 4.5% today, while the Nasdaq composite dropped 3.6%, as concerns over the health of the financial sector intensified following the decision of Lehman Brothers to file for Chapter 11.
We almost certainly would have broken through the important 1,200 level on the S&P 500 had there not been a report that the feds have asked Goldman and JP Morgan to lead a $70 to $75 lending facility for AIG; this took AIG and the markets off their lows just after 3:30 ET.
"What we have right now is maybe a purging," Vince Farrell, chief investment officer at Soleil Securities, said on CNBC. "At the end of the day there's going to be some opportunities."
Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.
Bring back the uptick rule. This is Number One on many traders' wish list. Last July the rule that prevented traders from shorting on a downtick was eliminated.
CNBC's parent company, NBC has already sold about 75 percent of the big event's commercial time, whereas in past years only 50 or 60 percent would be sold by now. These faster sales are particularly impressive considering the fact that prices are up some 10 percent this year to as much as $3 million for just a 30 second spot.