U.S. stocks closed narrowly mixed amid firming oil prices, moderate housing data and some debate over Yellen's congressional testimony.» Read More
Merrill Lynch shored up its capital base by as much as $7.5 billion after selling a stake to Singapore's government and an asset manager, and unloading much of a lending business, as it wrestles with huge subprime mortgage losses.
Christmas Eve brought glad tidings to Wall Street, with holiday cheer emanating from the battered financial sector and spreading through the market.
The yen dipped to a six-week low against the dollar Monday and fell against the euro as a pre-Christmas equities rally boosted investors' risk appetite.
Merrill Lynch said it plans to sell most of its Chicago-based capital lending business to General Electric and will boost its capital by raising up to $6.2 billion in a private placement.
Nicolas Cage topped the North American box office for the second time this year on Sunday with "National Treasure: Book of Secrets," a sequel to the biggest movie of his career.
Strong gains in consumer spending and technology stocks fueled a long-awaited Santa Claus rally on Wall Street.
Russian President Vladimir Putin was named Time magazine's "Person of the Year."
Market volatility and the pullback in financial stocks isn't over yet, says Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates. So he advises investors to find safe harbor in large-cap multinationals with diverse exposure.
Late-night TV hosts Jay Leno and Conan O'Brien plan to cross picket lines to resume taping shows on Jan. 2, nearly two months after the Hollywood writers strike forced them off the air, the NBC network said Monday.
Reinsurer Munich Re said Monday it reached a deal to buy U.S. healthcare insurer Sterling Life Insurance for $352 million (242.61 million euros) in cash, giving it more access to older Americans who want to buy health insurance.
Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.
We're well into week six of the Writers' Guild strike, and I can say from first hand experience that it's creating quite a weird holiday season here in Hollywood. You can't buy a latte in Beverly Hills without a barista complaining about the fact that the picketing is dragging on.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
NBC has reimbursed some advertisers who paid in advance for commercials aired during prime-time shows that didn't live up to ratings projections, the network said Tuesday.
Wall Street's post Fed selloff could spill into Wednesday morning as the Street continues to debate why the Fed didn't deliver more interest rate relief, particularly when it's becoming increasingly glum on the economy.
General Electric said it expects 2008 profit of "at least" $2.42 per share, up at least 10 percent, Chairman and Chief Executive Jeff Immelt told investors Tuesday.
Stocks closed with huge losses after the Federal Reserve announced it was cutting interest rates only a quarter point, disappointing traders looking for twice that amount.
General Electric, our parent company, hosting its Annual Outlook Meeting today. Most traders believe they are likely to reiterate their 10 percent + EPS growth targets and remain upbeat about global growth. Consensus estimate for 2008 is $2.49, up 13.1 percent from 2007 estimates.
How aggressive will the Fed be? They are expected to cut 25 basis points and many are expecting a 50 basis point cut in the discount rate. Some are also expecting new innovations to encourage banks to use the discount window.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.