The "Fast Money" traders share their final trades of the day.» Read More
DTE Energy, a utility holding company, said it plans to sell a 50% stake in some industrial and power projects to a unit of General Electric for $805 million.
NBC Universal Chief Executive Jeff Zucker has said the General Electric-owned media group was constrained from matching News Corp.'s $5 billion bid for Dow Jones due to the size of the premium.
Update: Here's Dimension's response to my blog post: "We are not going to publicly comment on a private business matter." Earlier Post: Two Hollywood insiders just forwarded me an email exchange between Endeavor Agency partner Tom Strickler and Dimension Films President of Production Richard Saperstein about a new “spec” script that Endeavor sold to New Line called “$40,000 Man.” Per Variety, the script is about “an astronaut who finds himself horribly injured in a car accident and rebuilt by the government to be a bionic man, on a budget of $40,000-which makes him not that bionic.” Sounds kind of funny, right?
For the first time in French media history, the country's top two business newspapers La Tribune and Les Echos will not be published on Monday.
"Evan Almighty" did not live up to its name at the weekend box office in North America.
Stocks ended broadly lower as Wall Street pondered the fate of two Bear Stearns mortgage debt funds. Losses were compounded by adjustments in several key indexes.
If you can find a stock that both Buffett and Cramer agree on, you’ve probably got yourself a winner.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
Earlier this week, we told the tale of your Breaking News producer (yours truly) nearly being run over by the “Hucky Express” -- as pharmaceuticals reporter Mike Huckman raced over with breaking news. Thursday, it was the ”Faber Flyer” that nearly knocked me over -- as David Faber found out that CNBC's parent company General Electric had dropped out of any potential bids for Dow Jones. ... Also: CNBC's Charlie Gasparino scores the second scoop.
General Electric and Pearson said on Thursday they will not pursue a joint offer for publisher Dow Jones, removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.
Mark Husson, a retail analyst at HSBC Securities, told CNBC’s “Morning Call” that Wal-Mart’s decision to open financial services centers and launch a prepaid Visa card are an effort to monetize the huge flow of customers into its stores.
Airbus added more multi-billion dollar orders to its Paris air show haul on Wednesday, but analysts said the bonanza did not herald a new dawn for the troubled European aircraft maker.
Stocks closed mostly higher, helped by lower bond yields and General Electric, which boosted the Dow. "This market bends a little bit but it doesn't break," Al Goldman, chief market strategist at A.G. Edwards., told CNBC.com. "The buyers are a little bit tired but the sellers are not very aggressive."
GE Energy Financial Services, a unit of General Electric, said Tuesday it bought a $603 million stake in Regency Energy Partners, a natural gas processor and distributor, from HM Capital Partners for $603 million.
As stocks overcame weak housing data Tuesday morning, market experts shared insights on “Morning Call.” Scott Fullman, director of investment strategy at Israel A. Englander, highlighted the market’s “strong resiliency.” ... And Bill Nichols, senior managing director of equity at Bear Sterns, said new highs for “mega-caps” are good for the overall market.
Daniel Snyder continues his buying streak. Today, his Red Zone Capital Fund announced it's acquiring Dick Clark Productions for $175 million, taking a 40% equity stake in the deal, with Snyder becoming chairman of the production company. The key asset Snyder snapped up here is the Golden Globes, which Dick Clark produces, and has a deal to continue to produce until 2011. The company nets $4 million a year just from NBC's license fees and other revenues from that one night event.
A potential rival bid to Rupert Murdoch's lofty $5 billion offer to buy Dow Jones & Co. Inc. will have to surmount major hurdles of its own to succeed, even though investors are warming up to it.
When the XFL blimp crashed into an Oakland waterfront restaurant in Jan. 2001, I had written it off as some foreboding accident. In the end, it might have been the best $2.5 million (the cost of the damage) World Wrestling Entertainment--and perhaps its partner, NBC--spent. But when you look a little bit deeper, it's pretty easy to understand. One, there was somehow a student pilot up there. I've heard of student drivers in cars, but not in planes and blimps. Secondly, it was the WWE for god sakes.
So, there's this new Trojan TV commercial premiering Monday. It shows a bar filled with hot women and big fat pigs (www.trojanevolve.com). The hot women reject the men, disgusted, until one of the guys goes to the bathroom and buys a condom. He emerges as a hot guy, and the girl at the bar is thrilled to talk to him. .
Stocks closed slightly lower as investors focused on rising oil prices and fluctuating interest rates. "Prices for crude oil are not really moving up as much as they are being pulled up by gasoline," said Stephen Schork, editor of The Schork Report. "Specifically, there's the persistent fear in the market that there is not going to enough gasoline to get us through the season."