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As investors come to terms with the fact that the U.S. economy is either in or heading toward a recession, Wall Street is bracing for earnings season, which kicks off Monday with Alcoa.
Stocks opened higher Monday, led by financials, after some encouraging news that suggests banks may be getting their act together.
George Clooney's "Leatherheads" failed to make a touchdown at the weekend box office, losing the top spot to reigning champ "21." The estimated score: Leatherheads--$13.5 million, 21--$15.1 million.
The first quarter stumbled to a close, the second quarter began with the eighth-biggest daily point gain ever for the Dow Jones Industrials -- and that was just part of a busy week for stocks, traders, analysts and investors.
There's a watchfulness in the stock market that's likely to translate into tentative and choppy trading as the corporate earnings season gets underway.
Watch what politicians do, not what they say: John McCain has been trying to reassure his base that he's an economic conservative. But here's McCain, on MSNBC's Morning Joe today, embracing the new Senate housing bill include federal money for new housing tax credits and state housing bonds.
In a departure from decades-old network TV standards, NBC is unveiling its first-ever 52-week program schedule. Calling this afternoon's presentation an "Infront" presentation, it leads up to the network "Upfront" presentations in May, when the TV networks traditionally present their fall schedule.
When NBC Universal presents next season's television schedule Wednesday, it will do so six weeks ahead of the other major U.S. networks, providing its new prime-time shows with an added shot of publicity and buzz.
A Delaware court ruled in favor of InterActive Corp CEO Barry Diller in his legal dispute with Liberty Media's John Malone in a battle over who could control InterActive Corp's future. This means that Diller can go ahead with his plan to spin off four stand-alone companies:
At annual meetings across the country shareholders are making the yearly pilgrimage to have their voices heard, and votes counted, at the companies they own. In some cases, those shareholders have a hand in changing the way the firm does business.
American Express said it agreed to acquire Corporate Payment Services, a commercial credit card and corporate purchasing business, from General Electric's GE Money unit for $1.1 billion in cash.
Spain's Santander said on Thursday it was selling Italian corporate banking arm Interbanca to General Electric in exchange for consumer finance units in a deal worth 1 billion euros ($1.7 billion).
NBC Universal signed one of its top cable network executives, Bonnie Hammer, to a new contract Monday while also expanding her duties to include control over the development of all entertainment programming for cable channels.
If GE’s credit and other businesses are any indication, we’re close.
Stocks closed higher Thursday, boosted by a late-breaking Federal Reserve announcement, a better-than-expected regional manufacturing report and an upbeat analyst note on financials. Oil prices were back above $100 a barrel.
I met up with several Wall Street analysts last night and everyone was talking about cable properties being on fire. Everyone taking a close look at the cable entities driving the media giants--like ESPN--and the ones now on the auction block.
Tuesday's explosive stock rally, fueled by the Fed's latest efforts to stem the credit crisis, is convincing more on Wall Street that the market may finally be nearing a bottom.
Apple is reportedly in talks with music industry giants to strike a deal to offer unlimited music to its customers which would be a dramatic shift from its business model of selling individual songs and albums.
It’s the time of the day for the shorts to press their case. Remember, sell the rally is the only consistent trading methodology that has worked in the past six months. It’s natural we should see some pressure today.
Salt power is a tantalizing, if still distant, alternative energy prospect as high oil prices make more exotic alternatives look more economical.