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General Electric CEO and Chairman Jeff Immelt Monday said the conglomerate would be making acquisitions in in the troubled financial services industry and seemed to rule out a spin-off of the company's media unit, NBC Universal.
Day nine of the Summer Olympics in Beijing, featuring swimmer Michael Phelps' historic gold-medal triumph, gave NBC its most watched Saturday prime-time broadcast in 18 years, the network said Sunday.
Warner Bros. made a surprise announcement Thursday -- it's pushing the release of its Harry Potter sequel, "Harry Potter and the Half-Blood Prince" from November 11 to July 17, 2009. That's eight months!
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
NBC's site attracting the most viewers with 2,200 hours of live streaming competition. Yahoo's Olympics site attracted a solid 3.3 million users Saturday, without offering any live footage, while AOL snagged a million uniques.
The rest of the world's economic pain could mean American gain as investors once again place their trust in the US stock market.
The rapid slide in commodities prices is fueling the runup in stocks. But market pros think the switch might be short-lived.
Stocks finished with modest gains as oil dropped modestly, continuing their almost-perfect inverse relationship on a day that also saw the further resurgence of the dollar and solid gains in technology.
Stock index futures pointed to a lower start for the week on Wall Street as oil prices climbed on fears of the affects on energy markets of the war between Russia and Georgia over the South Ossetia region.
NBC Universal's Olympics coverage is drawing huge audiences, helped by the extravagant opening ceremony and swimming star Michael Phelps, and setting the stage for what could be record TV ratings for the Summer Games.
Jon Hilsenrath, money and investing news editor at The Wall Street Journal, offered CNBC his weekly "Five for Five": the five stocks investors must watch this week.
For the week ending Friday, August 8, 2008, the U.S. markets ended the week on a positive note, cheered by a retreat in commodity prices, a Fed’s decision to keep rates steady at 2%, better-than-expected results in pending home sales, and a stronger dollar.
Catch Thursday's exclusive Web Extra video on CNBC.com for trades not covered on the show.
AIG reports weak earnings and further write-downs, while GE says the Beijing Olympics will help boost the company's brand image. Following are today's top videos:
But the Olympics are far more than just a boost for NBC Universal, they're also an unprecedented experiment with online content distribution, bound to transform the way media companies distribute their content.
Stocks advanced Tuesday, building on the prior session's rally, as a drop in oil prices and encouraging outlook from Cisco helped offset disappointment in Freddie Mac's results.
With the Olympics about to begin, some multinationals are betting big with over $800 million in sponsorship rights. Does the big investment in advertising payoff?
"The Dark Knight" fended off a strong challenge from the new "Mummy" sequel to lead the North American box office for a third weekend, and is on track to become the second-biggest movie of all time.
Outside investment in a major bank has Cramer thinking we're ready for a turnaround.
So Exxon Mobil has just broken its own record again, reporting a mind-boggling $11.6 billion profit on $138 billion in sales. Windfall? Nope: Microsoft is three times more profitable than Exxon.