Japanese trading house Sumitomo aims to buy a 5% stake in U.S. nuclear power company Westinghouse from Toshiba by June, company sources said on Friday.
Merck and H. Lundbeck said Wednesday they were ending studies of experimental insomnia drug gaboxadol due to disappointing effectiveness and worrisome side effects in late-stage trials.
There's a rumor going around the web that GE's NBC Universal (GE is the parent company of CNBC) is going to take interactive television to the next level. The idea is that after watching a show like friends you could go onto NBC.com to vote on what should happen in the next show.
Ok, I want to take a little space here to respond to a number of complaints you readers have been sending to the RealtyCheck mailbox. Don’t get me wrong, I love it that you’re riled up, I love it that you disagree, most of all I just love it that you read all this stuff, so here goes:
Saudi Basic Industries Corp, the world's largest chemical firm by market value, is lining up a bid for the plastics unit of General Electric in a deal that could be valued at up to $12 billion, the Financial Times reported.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
Stocks closed slightly higher Friday, finishing a week with gains of more than 3% in major market indices. "I like to see this pretty tight trading range; the fact that we've been able to hold on to these gains is healthy," Craig Columbus, chief market strategist at Advanced Equities Asset Management, told CNBC.com.
A senior staffer for the Federal Reserve said the Fed is not seeing signs that problems in the subprime mortgage market are spreading to other other market segments.
The New York Federal Reserve president said Friday that turbulence in the U.S. market for high-risk mortgages is unlikely to have a lasting effect on credit markets, but, in a sign of spreading woes, the subprime mortgage unit of General Electric laid off more employees.
General Electric said on Friday it would launch a $1.14 billion tender offer for Sanyo Electric Credit, a Japanese leasing company whose main shareholder is Goldman Sachs Group.
An unexpected deal between industry titans, News Corp (NWS) and NBC Universal (GE), sent the media world tumbling, today. The long-time adversaries agreed to set aside differences and jointly launch a new website which will compete directly with Youtube, owned by Google (GOOG). The move comes a week after Viacom’s (VIA) $1 billion copyright infringement lawsuit. Can Google play the David to these corporate Goliaths and come out a winner?
That seems to be the marching orders behind the unusual partnership of NBC Universal (the parent of this network!) and News Corp., along with Yahoo, Time Warner's AOL, Microsoft's MSN and News Corp. social networking icon MySpace.com.
General Electric's NBC Universal And News Corp are creating an online video site to compete with Google's YouTube.
Shares of software maker Intuit fell as much as 8.8% on Thursday, the day after it said that unit sales of its key TurboTax product were up just 1%t from a year ago. 1st paragraph of story should go here
The Fed's statement sparked a big Wall Street rally yesterday that sent investors on a shopping spree in world equities markets.
Executives from four major subprime lenders -- but not New Century -- will appear at the Thursday hearing, the committee chairman, Christopher Dodd, said in a statement.
The subprime industry is getting a pretty bad rap, and lenders are concerned U.S. policymakers will overreact, overregulate and actually get into the business of setting lending standards, says CNBC’s Scott Cohn, reporting from the Mortgage Bankers Association’s National Nonprime Mortgage Networking Conference in Carlsbad, Calif.
AtheroGenics said a heart disease drug it is developing with AstraZeneca, did not meet its primary goal in a large, late-stage clinical trial, but that it will continue its development.
The brave Spartan soldiers of "300" enjoyed a one-sided victory at the North American box office for a second weekend, making light work of critically lambasted new challenges from Sandra Bullock and Chris Rock.
In the second part of Cramer’s new series on non-pharma healthcare stocks, he sheds some light on this medical-imaging company.