GE's credit card unit, Synchrony Financial, raised $2.88 billion in its stock debut, making it the largest IPO of the year so far.» Read More
The creature-feature "Cloverfield" became the first monster hit released in 2008, debuting with $41 million, a record opening for January, according to studio estimates Sunday.
Stocks closed lower Friday, ending one of the market's worst weeks in years.
Why are the markets yawning even though the President has announced a stimulus package? The reason is that 1) The extent of the consumer slowdown is uncertain, and 2) The extent of the global slowdown is uncertain.
So where are we? The markets yawned at the President's stimulus plan, which is short on details; we are now at the lows of the day, the month, the last 52-weeks on the S&P 500. Any stimulus plan is good news, but the problem is the Street wants MORE: more stimulus, more cuts, more fear--more sense of a bottom that really is not yet present.
So for bulls and bears it's a tough call either way: 1) How much do you believe the U.S. consumer is slowing down, and 2) How much ancillary slowdown will the global economy see. Bears say consumer slowdown has just begun, and global slowdown is just starting, with the U.K. already slowing.
The conglomerate matches Wall Street forecasts with fourth-quarter earnings of 68 cents a share and forecasts a first-quarter profit of 50 cents to 53 cents a share.
U.S. wind power grew by 45 percent in 2007, blowing away past annual growth marks, industry group American Wind Energy Association said Thursday.
"American Idol" returns to the airwaves tonight, kicking off its seventh season. Though dropping viewership numbers last year raised concerns about the future health of the franchise, thanks to the writers' strike eliminating most of the competition, Idol is expected to be more popular and more profitable than ever.
Good news for those who want their scripted TV shows back on air: The Directors Guild met all weekend long with the Producers Association, the AMPTP, and it sounds like they might be pretty close to a finding a compromise, which could prompt the writers to make a deal.
Even in an uncertain market, there are always opportunities to make money.
British airline Virgin Atlantic said on Monday it would run the world's first commercial jet flight powered by biofuel between London Heathrow and Amsterdam next month.
The Friday before the Golden Globes awards show Los Angeles is usually hopping: limos ferrying celebs to gifting suites and restaurants packed with eager stars and their reassuring agents and publicists. But this year, it's pretty dead and you'll have no problem getting a dinner reservation Saturday night.
A change in sentiment? This week saw interesting rotation in the markets. Beaten up financials were looking for a bottom, with the largest ones up for the week. Retailers showed no signs of bottoming, most of the large ones at 52-week lows. Ditto for restaurants.
Quarterly reports next week from Citi, JP Morgan, Washington Mutual, Wells Fargo, Comerica, Merrill Lynch, PNC. There are plenty looking to go long after the reports are out, based on valuation. For example, Citi and Wells Fargo are trading in the bottom 10 percent of their historical valuation.
For a kid in 90s, there weren't many things better than "American Gladiators." Regular people going up against these athletic gods. I loved the Atlasphere and the Joust and I marveled at Nitro and Turbo. And I was shocked to hear when I arrived at Northwestern in 1996, the same year the show's run had ended...
Yet another sign of the convergence of content and technology: For the first time, a cable company CEO made a keynote speech at CES. This morning, Comcast spacer chief Brian Roberts announced a new strategy, calling it Comcast 3.0.
In an attempt to engineer a workaround of a writers’ strike that is playing havoc with the awards season, the Hollywood Foreign Press Association announced Monday that the festive awards dinner would be replaced this Sunday night by a news conference to announce the prize winners.
Nicolas Cage's "National Treasure" sequel was the top draw at North American movie theaters for a third consecutive weekend, while a pregnant schoolgirl delivered another healthy box-office bundle.
For years, everyone's been waiting for an indication that either Sony's Blu-Ray or Microsoft and Toshiba's Blu-Ray format would emerge triumphant and the other would go the way of the BETA deck. Today, finally, a crucial tipping point in this battle in which the $20 billion dollar home video market is at stake.
The late night shows had their second night return to the airwaves and the networks are glad they are back after the two month hiatus. Their first night brought whopper increases in ratings--Nielsen reporting that Jay Leno, who returned without his writing staff, had his best ratings in years, 47 percent higher than his pre-strike average.