RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.» Read More
Tribeca Film Festival in Lower Manhattan kicked off Wednesday night with the premiere of Universal Pictures "Baby Mama," staring Saturday Night Live comediennes Tina Fey and Amy Poehler. This year the movie studios have 62 comedies scheduled for wide release, up from 52 wide-release comedies last year. The economy may be suffering, but Hollywood is bullish on comedies...
Earnings stories are sort of the oatmeal of the business news diner: It's never going to be a gangbusters offering, but you got to have it on the menu or you look incomplete ... especially that one day when a lot of people want the oatmeal.
Two weeks after General Electric's earnings shortfall stunned Wall Street, Chief Executive Jeff Immelt said the market reaction was "tough," but deserved.
With the run up in oil and General Electric's big miss this quarter, Russia's Gazprom could pass GE in the rankings of world's biggest companies by market cap. Here are the current rankings...
Pfizer's slide continues. The stock has now fallen below $20 for the first time since 1997.
Stocks dropped mid-morning as oil is spiking just shy of $120. At this point, oil is a major drag on the markets. Speaking of stocks: we are about one-third through with first-quarter earnings, and it is not shaping up to be a great start.
Sorry, but this whole green thing is making me, Fake Jane... green. As in nauseous. FJ is all for coming up with more sustainable ways of living -- it saves money and energy, and probably even helps the Earth, though, believe me, the Earth will be fine. We may kill ourselves, but not the Earth. Some asteroid may do that...
As of this morning, 143 (just under 30%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Stocks rallied Friday amid hope that the worst is over for financials and after solid earnings from multinationals.
Whenever the stock market rushes full speed ahead, it is hard not to look for the big let-down. That could be the case in the week ahead... Major earnings reports, housing data, annual shareholder meetings, and Tuesday's Pennsylvania presidential primaries are what traders will be watching to see if the trend continues.
NBC Universal Digital Studio relaunched on Thursday and now it's focusing on branded made-for-the-web content. It already has projects and sponsors in the works. The digital studio is teaming up with a division of ad giant Omnicom, OMG Digital, to create episodic content around certain products for distribution online.
European stocks surged 2.3 percent on Friday to their highest close in ten days, driven by banks which jumped after Citigroup's update underscored hopes the worst was over in the global credit crisis.
Caterpillar reported stronger-than-expected quarterly profit Friday as strong international sales offset what the company characterized as a "recessionary storm in the United States."
Citi is providing the main upside impetus, but relief that big industrials like Caterpillar and Honeywell did not repeat GE's concern that last two weeks of March fell apart is also a big help; the dollar has rallied. Today is an options expiration day.
Positive comments are only about half as interesting as negative ones, judging by the site traffic on the Welch-on-Immelt comments.
Diversified U.S. manufacturer Honeywell International said on Friday profit rose 22.2 percent, topping Wall Street's expectations, on strong demand from the aviation and commercial construction sectors.
Executives at several top diversified U.S. manufacturers said they are starting to see signs of the slowing economy taking a toll on business, tempering their outlook for 2008.
Jack Welch, former General Electric chairman & CEO, wants to make it clear: He still supports his replacement, current CEO Jeff Immelt, despite company's worse-than-expected first quarter earnings.
Strong earnings results this week from IBM and Intel have tech stocks in the midst of a nice rally.
GE Capital said Thursday it agreed to acquire most of Citigroup's North American commercial lending and leasing business for an undisclosed price.