GE is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September.» Read More
Stocks swung between positive and negative territory as investors grappled for a direction with oil bouncing higher after its brush with $100 a barrel and the market abuzz with speculation that a resolution for Lehman Brothers could happen within days.
The developments at Lehman Brothers are making the options market swirl in general, according to Rebecca Darst of Interactive Brokers.
We now have video evidence that Warren Buffett's pitch to catcher Jack Welch at Boston's Fenway Park last night wasn't quite a "perfect strike." We also, however, can go to the videotape to prove that Buffett throws better than Mariah Carey.
It's a big day for CNBC's parent company, NBC Universal, aiming to move the company's TV distribution strategy to the next generation.
Warren Buffett and his good friend Jack Welch (the former General Electric Chairman) took the field at Boston's Fenway Park Tuesday night for the ceremonial first pitch before the Red Sox and Tampa Bay Rays continued their pennant fight. Here are some behind-the-scenes photos taken by CNBC Producer Tom Rotunno as Buffett toured the historic ballpark and warmed up with Welch for their debut. Also included: official Red Sox photos of Buffett on the mound.
When Warren Buffett first revealed to us that he would be throwing out the ceremonial first pitch at tonight's Red Sox game in Boston, he seemed to be hedging his bets. He told CNBC's Becky Quick he would be prepared to throw any pitch catcher Jack Welch called for, even the tricky "ball that bounces four or five times before it gets to the plate." Buffett had nothing to worry about.
Apple Inc. Chief Executive Steve Jobs poked fun at reports of his poor health on Tuesday as he introduced new iPod nano and Touch music players.
Investors are snapping up mortgage-backed securities, corporate bonds and Treasuries , which are offering better yields than stocks.
Warren Buffett has thrown out the ceremonial first pitch at baseball games before, but he's never had a business all-star as a catcher. Tonight (Tuesday), Buffett is scheduled to take the mound at Boston's Fenway Park just before the Red Sox play the Tampa Bay Rays. His catcher: Jack Welch, the legendary former Chairman of General Electric, and a devoted Red Sox fan.
A little more than 24 hours after announcing its big, lucrative Alzheimer's drug partnership with Pfizer, Medivation had the lead-off position (I wonder if they told organizers they'd be a newsmaker) at today's BioCentury/Thomson Reuters biotech investment conference in New York City.
Stocks may have had a tough summer, but Wall Street is gearing up for an even rougher fall.
Many of the world's wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC's Swiss private banking unit said.
After a rough summer, Wall Street is gearing up for an even rougher fall as the financial crisis, housing slump and economic pressures show no signs of abating.
There will likely be some relief on Wall Street after it appeared that Hurricane Gustav hadn't damaged the Gulf Coast as badly as many feared — and in turn sent oil prices falling sharply.
Action film parody "Tropic Thunder" clung to the top spot at the North American box office for a third straight week as the summer moviegoing season sputtered to a lackluster close, Hollywood studios reported Sunday.
The market rallies on Friday with the Dow, NASDAQ and S&P all up 1% or more, on light volume, but Friday's gains are not enough to boost the market's weekly performance out of negative territory. Energy stocks dominate.
You'd think the streets of Los Angeles would be constantly buzzing with movie shoots. But right now, there's only one major film shooting in the City of Angels. Compare that to the seven films shooting last August. What's to blame?
CNBC's parent company NBC Universal did quite well with the Olympics. More than 211 million Americans watched the games -- that's more than 70 percent of the country -- making them the most-watched ever, beating the 209 million viewers who watched the 1996 Atlanta games.
Barack Obama is at the Democratic National Convention in Denver, with a cadre of celebrity supporters from Jennifer Lopez to Kanye West scheduled to make appearances around town. Meanwhile, John McCain is drumming up star power of his own. How does this all add up?
Following are the day’s biggest winners and losers. Find out why shares of China Precision Steel and Tree.com popped while Lowe's and Starbucks dropped.