John Rice, Vice Chairman of General Electric, expects the U.S. recovery to fuel global demand for infrastructure. He is also confident that China can achieve 7.5 percent growth this year.» Read More
The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers and oil prices surged more than $5 a barrel. Still, all three major indexes eked out gains by the closing bell.
The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers, overshadowing any positive news the market had to offer.
Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.
General Electric said on Thursday it will look to spin off to shareholders its entire consumer and industrial unit, signaling it is ready to part with a much larger slice of its portfolio than just the $7 billion appliance arm it has been seeking to sell.
Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory. Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.
Now that Alcoa is out of the way, the next important data point is our parent network, General Electric,spacer which reports earnings on Friday. Since I'm often asked about the different divisions, here's a breakdown, with 2008 estimated revenues:
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.
German industrial conglomerate Siemens plans to cut around 4 percent of its workforce as part of an overhaul and as a result of the global economic downturn, Siemens said on Tuesday.
Stocks whipped back to positive territory on a seesaw day for Wall Street, which was dominated by a large dumping of financial shares and a drop in oil that staggered large energy producers.
Jon Hilsenrath, money and investing news editor at the The Wall Street Journal, offered CNBC his "5 for 5": the five stocks you must watch this week.
Stocks moved out of bear territory Monday as oil retreated more than $4 a barrel, easing inflation fears, and technology got a boost from two of its largest companies.
It was a busy holiday weekend for NBC Universal, CNBC's parent company. Along with private equity groups Bain Capital and Blackstone, it was finalizing its acquisition of the Weather Channel. The three are paying Landmark Communications a reported $3.5 billion, more than half in equity, split between the three.
NBC's acquisition of The Weather Channel will help the company expand its burgeoning and critical cable news presence, company President and CEO Jeff Zucker said Monday.
NBC Universal, along with investment firms Blackstone Group and Bain Capital, will acquire The Weather Channel properties.
It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.
Stocks are likely to remain hobbled by gushing oil prices in the week ahead, but it's also the start of the earnings season, and that will ultimately influence direction.
Stocks enjoyed an upbeat session after a not-horrible jobs report but both the Dow and Nasdaq ended the holiday-shortened week in bear-market territory.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Stocks ended mixed Monday, capping a dismal quarter and first half marked by rocketing oil prices and battered financials. The Dow is down 14 percent since the beginning of the year and ended the first half about 20 points from bear-market territory.