GE's North American credit card business filed for an initial public offering as part of GE's efforts to reduce exposure to its financial businesses.» Read More
Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two. With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.
Good morning all. Parker Robinson and James Kraber maintain the top two spots on the overall leaderboard. As the leaders begin to amass more capital, they are starting to make less risky trades and diversify more. Parker's portfolio value stands at $2,826,461.09 up only $2,950 including $3,000 in bonus bucks.
Stocks closed higher Friday following positive earnings guidance from a handful of big companies, pushing the major indexes up for the week. Bullish quarterly earnings forecasts by both Merck and McDonald's lifted the Dow Jones Industrial Average, which ended up 0.4% for the week. The S&P 500 rose 0.6%, while the Nasdaq climbed 0.8%.
As corporate earnings reports begin in earnest next week, merely meeting Wall Street expectations may not be good enough. Companies may have to beat forecasts to compete for investor dollars.
General Electric said Friday first-quarter earnings rose, helped by strong demand for heavy equipment, which boosted profit at its infrastructure segment and offset weakness at its plastics and subprime-mortgage businesses.
Good morning. Parker Robinson and James Kraber remain the dynamic duo at the top of the leaderboard. Parker's portfolio value stands at $2,823,511.09 down $8,592.18 or -0.30% from Wednesday's total with his biggest dollar loss on RIM costing him $6,324.16.
Inflation data could play a big role in setting the course for stocks, which so far are looking for direction ahead of the opening. Asia markets were mostly lower, while Europe's stock markets this morning are mostly higher.
CBS fired Don Imus from his radio show Thursday, the finale to a stunning fall for one of the nation's most prominent broadcasters. Imus initially was suspended for calling the Rutgers women's basketball team "nappy-headed hos" last week, but outrage continued and advertisers bolted from his programs.
NBC News has decided that its cable news channel, MSNBC will no longer simulcast the Don Imus radio program, effective immediately. CBS Radio says its two week suspension of the program stands although it is monitoring the situation. Advertisers have been defecting from the controversial radio host.
The SEC’s campaign to ensure more disclosure of executive pay seems to be bringing more confusion than clarity this proxy season, CNBC's Mary Thompson reports. The new Compensation, Discussion and Analysis (CD&A) section, which averages about 5,000 words or nine pages, is meant to help shareholders. But experts say sifting through the new data is challenging and investors still don’t get all the information they need.
Procter & Gamble, Staples and Bigelow Tea have suspended their advertising spots on Don Imus's radio show in reaction to his comments about the Rutgers women's basketball team, according to the Wall Street Journal.
CNBC's Donny Deutsch, the host of "The Big Idea" and self-described "ad sherpa, says that sponsorship, more than politics, may spell the professional doom of radio host Don Imus.Speaking on "Power Lunch," Deutsch talked about Imus' comments about the Rutgers University womens' basketball team with Sue Herera. Deutsch said "what really matters" is when the advertisers weigh in. "It's about money."
The chief executive of Dow Chemical on Tuesday shot down speculation that the company is in talks with private equity for a leveraged buyout. “We are not in discussions with anyone in LBO,” Andrew Liveris told CNBC’s David Faber.
Time Warner's AOL division will introduce a paid search service on Monday backed by Google's technology to help advertisers better target AOL users.
Here's our update on "Trading With The Stars." Willie proves himself as not another flash in the pan, and maintains the #1 spot two day's in a row. (and just like Willie--almost- Johnny Bench holds onto 7th place!) Interesting note: all of our celeb portfolios are above the $1 million benchmark. Congrats to all for that!!
Despite a volatile first quarter, stocks aren't much above where they were at the beginning of the year. But even if the major averages aren't showing big gains, smart investors know where to look for growth opportuntities.
Wow--a big move and an exciting day for the celebrities in "Trading With The Stars." In a big upset--really big--actor Willie Garson propels himself from last place to take the top spot on a HUGE gain with his trade on Robbins & Myers. All our celebs showed gains in their portfolio except for Ernie Hudson who lost out on AgioDynamics which he held a day too long, erasing his earlier gains and dropping him into last place..
This week NBC's "Nightly News" regained the top spot from ABC's "World' News". Our sister network's program drawing 8.1 million viewers, two hundred thousand more than ABC. While CBS drew only 6.2 million viewers. In terms of the rest of the evenings ratings, it appears that contests capture viewers hearts.
Iranian mischief is the single most bankable trend in the world, Cramer says. So he’s got a doomsday portfolio for you just in case events take a turn for the worst. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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.