Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.» Read More
General Electric felt the squeeze of the recent credit crunch Thursday as it was forced to boost how much interest it will pay on an upcoming corporate debt offering.
NBC Universal has decided against renewing its contract to sell digital downloads of television shows on Apple's iTunes after failing to come to an agreement on pricing, the New York Times reported in its online edition on Friday.
NBC Universal (owned by GE, which is parent company of CNBC) and News Corp are collaborating on a online video site to compete with YouTube, and today we learned its name: Hulu. (Go to hulu.com) to check out some of the video the on-demand service will be providing--you'll see that Fox's "24" and NBC's "My Name is Earl") are prominently featured.
This fall will bring a new TV season and the beginning of a year-long presidential cycle for the networks. The money should drop in buckets on the network and cable companies but the big question remains same – who’s going to catch it?
Bawdy comedy "Superbad" proved to be super good at the North American movie boxoffices, holding onto the No. 1 slot for the second straight weekend, according to studio estimates Sunday.
Investors in $5 billion of commercial paper, or short-term debt, from KKR Financial Holdings have hired a bankruptcy lawyer to advise them on a request to delay repayment, the Wall Street Journal reports.
Another battle in the very long war. For years Sony's Blu-ray has been battling with Microsoft and Toshiba-backed HD DVD. And everyone--the studios, the disc and player manufacturers, and consumers--is just dying for one format to emerge victorious and the other format to fall the way of the BetaMax. HD DVD just scored an unexpected win, after Blu-ray had taken the lead. DreamWorks Animation and Viacom's Paramount (including DreamWorks Studio) just committed to releasing their films...
General Electric has sounded out financial institutions about acquiring or taking a stake in its Japanese consumer lending unit amid an industry-wide slump, the Financial Times reported on Tuesday.
Conan O'Brien was spotted by Jane Wells strolling around Universal City walking with an entourage yesterday. And now we know why! "Desperate Housewives" likely will be moved from its current stage here at Universal to accommodate the "Tonight Show," which would move from NBC's Burbank lot just for Conan.
The Olympics is a failsafe for attracting advertisers to the NBC (sister company of CNBC) coverage, though the upcoming Olympics in Bejing may come with its own problems. Aready folks like Mia Farrow and Steven Spielberg have voiced concern over holding the Olympics in a country with such a poor human rights track record. But it's the Olympics after Bejing that may prove a disappointment.
One week after Cerberus Capital announced former Home Depot spacerCEO Bob Nardelli will take over Chrysler, the reality of the job he faces in fixing the automaker is clear. It is gonna take a while.
You can almost hear it through the fog if you listen very closely. The spinning blades of a wind turbine being turned by the winds of change. "This project particularly represents a paradigm shift for American business." So says Kevin Schulte, a Vice President and "wunderkind" of Sustainable Energy Developments. The turbine we're looking at was made by GE, the plan to install it and make it work belong to Schulte, but the "paradigm shifter" is someone else. His name is Brian Fairbank.
NBC Universal (parent company is GE which also owns CNBC) and News Corp's joint online video venture doesn't have a name (though in some circles it's referred to as New Site), and it's ostensibly launching in September but there's no specific launch date. But somehow it's worth $1 billion dollars, at least based on a 10% stake reportedly being sold to private equity firm Providence Equity Partners for $100 million.
There's no question that Blockbuster's livelihood is under attack--the business of driving to a store to rent a DVD and driving back when you're done is threatened from video on demand, and digital downloads, especially since both technologies are getting better and faster. So, looking to avoid going the way of the Beta Max, Blockbuster just purchased online movie downloading company Movielink for under $20 million.
U.S. movie rental chain Blockbuster said Wednesday it has bought film download service Movielink for undisclosed terms, giving it a stronger hold in an area where rival Netflix is also staking a claim.
Second-quarter net profit at Swiss Re rose by 45%, in line with expectations, and the reinsurer said on Tuesday it saw a strong outlook for the rest of the year.
Cerberus Capital Management named former Home Depot Chief Executive Robert Nardelli as chairman and chief executive of Chrysler in an executive shake-up just after the private equity firm completed a deal to acquire the struggling No. 3 U.S. automaker.
Talk about moving fast. Just two days after taking ownership of Chrysler, Cerberus Capital has put a new man in charge of the struggling automaker. And it's a bold move picking an auto industry outsider. Bob Nardelli steps in as Chrysler's chairman and CEO in a move that many will question. Yet, I think this move could work for a couple reasons.
The amnesiac assassin Jason Bourne is back, and this time he clobbered Homer Simpson. "The Bourne Ultimatum," the third movie in the espionage action series starring Matt Damon as a one-time CIA hit man searching for his past, grossed $70.2 million its opening weekend to rank as North America's top film at the box office, according to estimates.
The SEC mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary committees, released late on Friday, ends a yearlong inquiry into the dismissal of former SEC staffer Gary Aguirre.