Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.» Read More
Now that the press blackout has been lifted on the Writers Guild strike talks, we're getting some insight into the ongoing haggling over offers and counteroffers. Last night the WGA released analysis of the producers association, the AMPTP's deal, saying that it would cost the companies $151 million over three years, and some studios would pay very little--MGM would pay only an additional $320,000 per year to writers.
General Electric recalled 92,000 combination wall and microwave ovens after at least 35 incidents of fire that damaged property, the company and the Consumer Product Safety Commission said Wednesday.
U.S. stocks closed lower Monday as major Dow components and financials outweighed hopes for a Fed rate cut and a government plan to rescue at-risk homeowners.
UBS is holding a key media conference in New York City today, and CNBC’s Dennis Kneale and Trish Regan are at the conference interviewing media insiders about issues facing their industry.
Imus isn't talking, yet, but it's safe to say radio's best-known curmudgeon will have lots to say when his show kicks off at 6 a.m. EST Monday on WABC-AM and other Citadel Broadcasting stations around the country, ending his nearly eight-month banishment from the air.
Oh darn, the buzz in Hollywood was so optimistic when the writers and producers returned to the bargaining table on Monday. It seemed sure they'd wrap everything up by Christmas, in time for a nice Hollywood ending. But this must be the third act, things just took a dramatic turn, making it unclear how it'll all end.
Stocks staged one of the biggest rallies of the year as hopes for a Federal Reserve interest cut boosted financial services companies for a second day, while falling oil prices eased concern about higher energy costs.
Apple CEO Steve Jobs, the man behind the popular iPod, is the world's most powerful businessman, according to Fortune Magazine's list of the 25 most influential executives.
Universal Studios and its partners will build a $3.1 billion theme park in South Korea by 2012, its largest project in terms of investment size, as it seeks to expand in Asia's burgeoning entertainment market.
Disney's fairy-tale romantic comedy "Enchanted" charmed audiences over the holiday weekend, taking home more than $50 million for the Thanksgiving five-day box office, according to studio estimates on Sunday.
Black Friday is a big day for DVD and player sales but some people may be confused. If you buy "Ratatouille" in high def, you've gotta have a Blu-ray player. If the new high def "Transformers" is your thing, that Blu-ray player on your PS3 is totally useless, you need an HD DVD player.
Steven Spielberg has very fond feelings for his home of 30 years at Universal Studios. So much so, that he never moved offices. Even though his DreamWorks studio is owned by Viacom, he never made the move over to the Paramount lot. Now the fact that he kept his studio at Universal may prove convenient.
DreamWorks principals David Geffen and Steven Spielberg have been negotiating to move their studio to NBC Universal from Paramount Pictures, the New York Times reported Saturday.
The battlefield extravaganza "Beowulf" laid waste its rivals at the weekend box office in North America, according to first-day sales estimates issued Saturday.
Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.
The Federal Reserve on Thursday pumped its biggest temporary daily infusion into the U.S. banking system since just after the September 11, 2001 attacks as short-term lending rates rose on both sides of the Atlantic.
The dollar rose against the euro but slipped against the yen Thursday as fears about the credit crunch's impact and falling equity markets led investors to pare back on profitable but extended trades.
Investors in a $5 billion cash management fund run by General Electric have become the latest victims of the subprime mortgage meltdown. A short-term cash management fund, which attempts to keep the value of each share at one dollar, is instead offering investors just 96 cents on the dollar.
General Electric Chief Executive Officer Jeff Immelt on Wednesday reiterated that the global economy was strong despite a tough housing market.
Jerry Seinfeld's "BeeMovie" had plenty of sting left during its second weekend, replacing "American Gangster" as the No. 1 choice for North American moviegoers.