GE said it will sell its commercial lending and leasing businesses to Wells Fargo as it shifts its focus back on the manufacturing businesses.» Read More
Conglomerate General Electric and Abu Dhabi investment agency Mubadala Development said on Tuesday they have entered into an $8 billion joint venture with an initial focus on providing commercial finance in the Middle East and Africa.
A very mixed earnings picture in the last twelve hours. Yes, AmEx, Apple, and Merck and Texas Instruments disappointed. But DuPont, Suntrust and Packaging Corp. were better than expected.
Protests against China's policies at home and abroad, as well as marketing techniques used by companies that are not official Olympic sponsors, have made the Beijing games a risky proposition for some sponsors.
This is all great news for Warner Bros. and its parent company Time Warner. The studio faltered with high-budget "Speed Racer," which bombed at the box office. It bounced back with megahit "Sex and the City", which exceeded all expectations.
This past Saturday marked the one-year anniversary of the Dow Industrials’ first close above 14,000. Needless to say, it has been quite a ride for the Dow since it first reached that milestone; the Dow continued to establish new all-time highs into October before falling to 2-year lows this month.
Wells Fargo handed in some good results, but watch for trouble out of Wachovia.
"It's a sucker's rally," Kathy Boyle, president of Chapin Hill Advisors, says of this week's market move. "If you make money here, don't get greedy."
Airline manufacturers are trying to bolster their green credentials by playing down the importance of speed and lauding initiatives to reduce the environmental impact of flying, as well as the cost.
Diversified U.S. manufacturer United Technologies said Thursday quarterly profit beat Wall Street forecasts, on solid demand for Otis elevators and fire and security equipment from the commercial construction sector, and boosted its full-year profit outlook.
Over 1.4 billion shares and $16.5 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors.
To give investors an edge, CNBC asked the experts for their best investment advice now.
We are seeing a modest rally, led by financials. Lehman, for example, has gone from $12 at its bottom shortly after 10 am ET to just about $14, up 11 percent, though most other financials remain in negative territory.
Fort Pitt Capital Group's Kim Caughey is charged up about General Electric.
It's that time again: the Electronics Entertainment Expo here in Los Angeles, at the LA Convention Center. Still a far more subdued expo than its heyday years, but bigger than last year's airplane hangar event in nearby Santa Monica.
Stocks finished sharply lower Friday as the market was rattled by concerns about the future of the nation's top mortgage-finance agencies.
For the week ending Friday, July 11, 2008, the U.S. markets finished in bear market territory with the Dow dipping below 11,000 during intraday for the first time in 2 years.
Stocks plunged deeper into the red Friday after Paulson said he sees no bailout on the horizon for Fannie Mae and Freddie Mac. Another $5 surge in oil prices fanned the market flames.
The dollar slumped Friday, battered by heightened worries about the U.S. financial sector after a report said the U.S. government is considering taking over mortgage agencies Fannie Mae and Freddie Mac if their situation worsens.
I got an email from Suzy Welch who is spending the summer writing her upcoming book, “10-10-10: Transform Your Life with Clear, Considered, Stress-Free Choices”. The book is being published by Scribner (an imprint of Simon & Schuster) and will be ready next spring.