Technology growth stocks, consumer cyclical, discretionary and some industrials will do well, Sarat Sethi of Douglas C. Lane tells CNBC.» Read More
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."
Day one of the Paris air show at Le Bourget had to belong to Airbus. After such a disappointing few years the European plane maker needed to make a big splash on home turf to prove that its recovery is firmly on track.
Indonesia's Lion Air is ordering 40 of Boeing's 737-900ER airplanes, making public a deal that was alread in the aircraft maker's order book, Boeing said on Monday. G.E. commercial aviation services, the airplane leasing unit of General Electric has placed a firm order for six 777 freighters worth around $1.42 billion, the companies said on Monday.The first 777 freighter will be delivered in the fourth quarter of 2008, Boeing said at the Paris air show.The engines for the planes, to be built by GE's aviation unit, are worth $240 million.
Blockbuster will rent high-definition DVDs only in the Blu-ray format in 1,450 stores when it expands its high-def offerings next month, dealing a major blow to the rival HD DVD format.
General Electric and Pearson may challenge News Corp.'s $5 billion bid for Dow Jones & Co. with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.
Shares in Pearson, publisher of the Financial Times, were lower in early trading Monday following weekend reports that the company might bid for Dow Jones.
The head of Boeing's commercial aircraft unit Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
Hollywood's superhero foursome is still fantastic at the box office.
General Electric said on Sunday it had reached tentative agreements on new four-year labor contracts with the national leaders of its two largest unions.
Financial Times owner Pearson has approached US conglomerate General Electric about a joint bid for Dow Jones, owner of the Wall Street Journal, the Sunday Times reported, citing unnamed sources close to the talks.
Boeing and Airbus are among the many companies competing for bragging rights at the Paris International Air Show in the coming week.
Pearson, the publisher of the Financial Times, is seeking partners for a possible bid for Dow Jones, which publishes the FT's main rival, the Wall Street Journal, the Journal reported on its Web site Friday.
Financial Times publisher Pearson is looking for partners to make a bid for Dow Jones, The Wall Street Journal is reporting. Don't expect News Corp. to give up easily, Cramer says.
Merrill Lynch reported that Fox (owned by News Corp) is gearing up to launch its business channel in the fall with 30-million plus subscriptions. This could be the largest cable network launch ever, but it's certainly taken them long enough, Fox has been trying to get subscription access for years. And it won't come cheap-- start up costs are estimated to be about $200 million, with News Corp expecting the division to break even by its fourth year. But it sounds like Fox Business Channel won't be anything like CNBC (GE is parent company.)
Stocks closed flat as the markets failed to hang onto a minor afternoon rally. "As volatility starts to pick up again, people have begun to realize that the probability of the Fed easing here is very, very low -- maybe even a better probability the Fed tightens here," said Richard Bernstein, chief investment strategist at Merrill Lynch.
Wall Street is looking for direction and futures are little changed this morning, though stock markets around the world gained ground after Friday's U.S. market rally. Oil is slightly firmer, the dollar is up, and interest rates remain a cause for concern in the stock market.
General Electric and Microsoft discussed joining forces for a competing bid for Dow Jones & Co. in recent weeks, but the idea was abandoned, the Wall Street Journal reported on Monday.
New Century Financial has warned that its effort to liquidate assets could be stymied if General Electric Capital is allowed to proceed with plans to seize computers and other equipment it leased to the bankrupt housing lender.
Despite the market's recent slump, U.S. stocks are a better bet right now than European shares, two market pros said on "Morning Call."
The digital revolution marches forward – the latest advance involves studios potentially releasing movies on DVD and via On-Demand at the same time. What’s the trade as new technology threatens to reshape the movie biz?