Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.» Read More
An explosive bid for Canada's Alcan is giving a positive psychological lift to stocks as traders watch a flood of monthly sales reports from retailers.
General Electric and Abbott Laboratories said on Wednesday they had terminated a proposed $8 billion deal for GE to buy two Abbott businesses because they couldn't agree on final terms.
Do you ever notice those clever "banners" which flash on screen during stories? How can you not? They're omnipresent, even oppressive. You know, "Hilton's Check-Out Time" when Paris leaves jail, or "iMania!" for the iPhone buildup. Often the banners end with question marks, which is a feeble attempt to push the envelope: "Is Bill Gates Evil?" "Steve Jobs a Jerk?" (translation: we think so, but we have to be "objective" so let's just pose the question).
Stocks ended higher on Monday, but gains were held in check as investors awaited the start of the second-quarter earnings season. "We're getting into earnings season, and what we've seen so far is good, so we think there is going to be an upward bias," said Joe Ranieri, head of NASDAQ trading at Canaccord Adams. "It's good but scary."
Boeing unveiled its lightweight, carbon-composite 787 Dreamliner on Sunday in front of 15,000 cheering employees, customers and suppliers, capping a weekend of hype and a flurry of orders for the new fuel-efficient plane.
An escalating dispute between Airbus and jet-engine supplier General Electric could delay deliveries of the European airplane maker's A350 extra wide body jet, the Wall Street Journal said on Monday.
Japan's Toshiba is in talks to sell 10% of its stake in nuclear power unit Westinghouse to Kazakh state firm Kazatomprom, a Toshiba source.
Tomorrow, the NBC Universal Family brings us Live Earth--with a three hour primetime special on NBC, plus 18 hours of coverage of Bravo and seven hours on our very own CNBC. Plus coverage on all sorts of other channels in the family--including Telemundo, Mun2, Universal HD, and the Sundance Channel. A sign of the power of the Live Earth message, NBC has attracted some top-notch (huge and influential) advertisers--General Motors, Apple, and American Express.
General Electric's subprime lending arm WMC Mortgage sold about $3 billion in nonprime loans in the second quarter, lowering the volume of loans on its books to about $1.5 billion, a company spokesman said Tuesday.
Universal Music Group, the world's largest music company, has declined to sign a long-term deal with Apple's iTunes music store, leaving open the possibility for exclusive deals with other services, an industry source said on Sunday.
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.