Technology growth stocks, consumer cyclical, discretionary and some industrials will do well, Sarat Sethi of Douglas C. Lane tells CNBC.» Read More
General Electric agreed to buy two of Abbott's diagnostic businesses for $8.13 billion in cash, the companies announced.
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
Hilton Hotels said that Stephen Bollenbach plans to step down as CEO on Dec. 31, but will carry on as co-chairman of the company's board until the end of 2010.
The Dow closed at a record for the third straight session and Nasdaq fell slightly as investors bought selectively ahead of earnings reports and on a steep drop in oil.
A unit of General Electric has formed a partnership with power producer AES to develop projects that reduce greenhouse gas emissions in the United States.
U.K. company Smiths Group announced Monday that it is to sell Smiths Aerospace division to General Electric for $4.8 billion in cash and plans to return $2.1 billion to its shareholders.
Robert Iger, president and chief executive of Walt Disney, received $22 million in compensation last year, not including stock option grants, according to the company's annual proxy statement filed Friday.
GE OEC Medical Systems and GE Healthcare have signed a consent decree of permanent injunction related to X-ray surgical imaging systems manufactured by GE OEC Medical Systems.
Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.
Big oil. It's a big issue for Democrats on Capitol Hill and one of their announced targets for reform. Today-they're taking up the issue in the House. They're "after" oil they say because of record company profits and high gas pump prices. What are they proposing to do? They want to raise $12.7 billion for research in alternative energy sources.
When private equity firms team up – giant, multi-billion dollar deals can’t be far behind. Of course, mega-deals invite super-sized attention. That includes scrutiny from the U.S. Department of Justice, which is investigating whether private equity is becoming too much of a private club--in other words, the DOJ wants to make sure there are no anti-competitive practices going on.
General Electric is seeking bids for an auction of its plastics division, valued at up to $10 billion, according to a source.
General Electric is poised to buy Vetco Gray, a Houston-based equipment supplier to the oil and gas industries, for roughly $1.9 billion, according to a source familiar with the situation.
Stocks in the U.S. for now look set for a firmer open on what promises to be a busy day in the markets and a busy day on CNBC. Our correspondents are at major conferences across the U.S. Phil Lebeau is at the auto show in Detroit, where the industry is unveiling new products. Jim Goldman is bringing us the latest tech gadgets from the Consumer Electronics show in Las Vegas....
EMC, said it plans to cut 1,350 jobs, 100 more than the company announced in October, and will post a pretax charge of $175 million.
Almost every analyst has an angle on how to beat the market, and investors pay big money for trading tips that promise guaranteed profits. But here on CNBC we give that advice away for free. John Prestbo, editor of Dow Jones Indexes, shared his “Dogs of the Dow” strategy on “Morning Call” today. It returned 32% in 2006.
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GE shares are about 8% higher than the beginning of the year, most of it since GE issued an upbeat outlook Dec. 12. GE is the parent company of CNBC.
The bulls caught their breath today after a run-up last week. All major indexes ended the day in the red. The Dow Jones Industrial Average closed slightly lower today by 4 points, even as two of its biggest components – General Electric and Citigroup – surged with both stocks hitting highs (Citigroup closed at an all-time high, GE at a 52-week high). The Nasdaq and S&P 500 also faced selling pressure, closing down 22 and 5 points, respectively.
An early rally lost steam on Wall Street as all of the major indexes closed lower, weighed down by energy and technology stocks.