GE's North American credit card business filed for an initial public offering as part of GE's efforts to reduce exposure to its financial businesses.» Read More
Better late than never, but when it comes to NBC and Fox and the new Hulu, it's about time. I say about time because I wonder just how long big media is going to sit around and bemoan upstarts like YouTube muscling in on their territory. Woe is me, these companies have complained: They're stealing our content. They're breaching our copyrights.
NBC Universal and News Corp's HULU.COM finally launches after six months, plenty of delays, name-calling, and mocking. The joint venture between NBC Universal and News Corp's Fox was announced in March, conceived as a media company-controlled way to distribute a broad range of professionally created content--a viable alternative to YouTube.
Pfizer has been using Dr. Robert Jarvik, the inventor of the Jarvik Artificial Heart, for quite some time now as its Lipitor "celebrity" pitchman. But recently I've noticed something remarkable creeping into his copy--the script he reads for TV and radio spots and the text that appears in the print ads.
"American Gangster"--starring Denzel Washington and Russell Crowe--is one of the most highly anticipated Oscar contenders. It's not hitting theaters until a week from today, November 2nd, but it's already available on Manhattan's piracy central, Canal Street, and in downtown Los Angeles.
Amazon reports earnings later today and judging by what this stock is doing today, indeed these past several months, it would seem shareholders are hoping for the very best. And betting big that Amazon will deliver.
Fox knows how to produce content--and now its interactive division is producing a special kind of content for the web. But, these aren't just ordinary 'mobisodes:' this is a show created solely for MySpace TV, which is of course owned by News Corp.
The Indian arm of General Electric expects revenue to rise by more than half to $3 billion in 2007, and jump to $8 billion in 2010, a top company official said on Monday.
Solar power could be the world's number one electricity source by the end of the century, but until now its role has been negligible as producers wait for price parity with fossil fuels, industry leaders say.
Media companies including Viacom, Microsoft, News Corp.'s Fox and MySpace units and others have agreed to guidelines aimed at protecting copyrights online, a source familiar with the matter said on Thursday.
Google's biggest challenge for its online video site YouTube, is getting professionally-created content on board. That means having a serious anti-piracy plan. So, YouTube has finally unveiled its new filtering tools to find copyrighted material.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
Stocks rose on Friday following strong retail sales and renewed mergers and acquisitions activity. "It seems that people are buying the pullbacks," said Joe Ranieri of Canaccord Adams. "There's just too much value in large caps and growth is starting to chase small- and mid-caps, so look for any kind of pullbacks to be buying opportunities."
Companies will spend a record $31 billion this year to advertise everything from toothpaste to home loans on the Internet, supporting countless news sites, social networks, video exchanges and blogs.
The chief financial officer of General Electric said Friday he is "not losing sleep" over the possible slowing of the U.S. economy, driven by troubles in the housing market.
Surprisingly positive retail sales data changed the course of stocks this morning as Wall Street once more put its faith in the resilience of the U.S. consumer. Stocks opened higher after futures pointed lower much of the morning.
Here are my thoughts this morning: 1) Producer Price Index is hot, above expectations, but core (ex-food and energy) below expectations, retail sales stronger than expected, so market has moved up on this because it watches core inflation and is happy retail sales are stronger than expected.
General Electric said Friday that third-quarter profit rose 13.8%, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units.
I don’t own any stock. That’s not by choice, but by CNBC edict. I just want that out there. Reporters are not allowed to own stock, unless it’s GE (parent company) in the 401K, because we report on companies constantly, and there cannot be any appearance of bias for gain, etc. We report on companies, we do not run them. That’s my preface to this post.
India's Infosys Technologies said quarterly profit rose 18%, in line with forecasts, but its shares fell 7% on investor concern over a rising rupee, soaring wages and a U.S. slowdown.
Ben Stiller's new comedy "The Heartbreak Kid" barely registered a pulse at the weekend box office in North America, in a badly timed setback for its underappreciated studio DreamWorks.