Asian shares rose on Friday but trading was quiet with many regional markets shut for the Easter holidays, except for Japan, China and South Korea.» Read More
Market volatility and the pullback in financial stocks isn't over yet, says Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. So he advises investors to find safe harbor in large-cap multinationals with diverse exposure.
Late-night TV hosts Jay Leno and Conan O'Brien plan to cross picket lines to resume taping shows on Jan. 2, nearly two months after the Hollywood writers strike forced them off the air, the NBC network said Monday.
Reinsurer Munich Re said Monday it reached a deal to buy U.S. healthcare insurer Sterling Life Insurance for $352 million (242.61 million euros) in cash, giving it more access to older Americans who want to buy health insurance.
Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.
We're well into week six of the Writers' Guild strike, and I can say from first hand experience that it's creating quite a weird holiday season here in Hollywood. You can't buy a latte in Beverly Hills without a barista complaining about the fact that the picketing is dragging on.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
NBC has reimbursed some advertisers who paid in advance for commercials aired during prime-time shows that didn't live up to ratings projections, the network said Tuesday.
Wall Street's post Fed selloff could spill into Wednesday morning as the Street continues to debate why the Fed didn't deliver more interest rate relief, particularly when it's becoming increasingly glum on the economy.
General Electric said it expects 2008 profit of "at least" $2.42 per share, up at least 10 percent, Chairman and Chief Executive Jeff Immelt told investors Tuesday.
Stocks closed with huge losses after the Federal Reserve announced it was cutting interest rates only a quarter point, disappointing traders looking for twice that amount.
General Electric, our parent company, hosting its Annual Outlook Meeting today. Most traders believe they are likely to reiterate their 10 percent + EPS growth targets and remain upbeat about global growth. Consensus estimate for 2008 is $2.49, up 13.1 percent from 2007 estimates.
How aggressive will the Fed be? They are expected to cut 25 basis points and many are expecting a 50 basis point cut in the discount rate. Some are also expecting new innovations to encourage banks to use the discount window.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
Shares of reinsurer Munich Re rose sharply on Friday after a Swedish investment fund disclosed it acquired nearly 3 percent of the world's second-biggest reinsurer.
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.