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
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.
One sad fact of the news business is that people pay more attention when someone is getting trashed rather than praised. Jack Welch's recent comments are a case in point.
Today, April 17, is CNBC's 19th birthday. Just look at how things have appreciated since then.
Diversified manufacturer United Technologies reported profit that topped Wall Street's expectations Thursday but its shares fell in early trading after the company held its full-year outlook steady and warned of a slowing economy.
Jack Welch, former General Electric chairman & CEO, took his replacement, current CEO Jeff Immelt, to task for the company's worse-than-expected first quarter earnings.
Now that we are starting to get into the heart of earnings season, the news is looking a little better (thank heavens!). Intel is a big help, but the financials are the key here. After what happened with GE and Wachovia.
The afterglow from Intel's earnings news should be an early bright spot for stocks Wednesday, a day that will be ruled by earnings news.
All three major indexes finished slightly higher Tuesday, led by energy and bank stocks, as investors processed some not-horrible earnings results. Airline stocks skidded amid concerns about fuel prices and viability.
Stocks traded mixed Tuesday as not-horrible earnings failed to quell market jitters about earnings.