GE is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September.» Read More
Steven Spielberg has very fond feelings for his home of 30 years at Universal Studios. So much so, that he never moved offices. Even though his DreamWorks studio is owned by Viacom, he never made the move over to the Paramount lot. Now the fact that he kept his studio at Universal may prove convenient.
DreamWorks principals David Geffen and Steven Spielberg have been negotiating to move their studio to NBC Universal from Paramount Pictures, the New York Times reported Saturday.
The battlefield extravaganza "Beowulf" laid waste its rivals at the weekend box office in North America, according to first-day sales estimates issued Saturday.
Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.
The Federal Reserve on Thursday pumped its biggest temporary daily infusion into the U.S. banking system since just after the September 11, 2001 attacks as short-term lending rates rose on both sides of the Atlantic.
The dollar rose against the euro but slipped against the yen Thursday as fears about the credit crunch's impact and falling equity markets led investors to pare back on profitable but extended trades.
Investors in a $5 billion cash management fund run by General Electric have become the latest victims of the subprime mortgage meltdown. A short-term cash management fund, which attempts to keep the value of each share at one dollar, is instead offering investors just 96 cents on the dollar.
General Electric Chief Executive Officer Jeff Immelt on Wednesday reiterated that the global economy was strong despite a tough housing market.
Jerry Seinfeld's "BeeMovie" had plenty of sting left during its second weekend, replacing "American Gangster" as the No. 1 choice for North American moviegoers.
Eric Starkman runs a corporate communications firm called Starkman & Associates, and he has a good, cynical sense of humor. That's even though his company describes itself in the sort of consultant-speak he should be mocking...
So here's the deal. It's "Green Week" on CNBC, or have you noticed? Actually, it's "green" everywhere across the NBC Universal platform of television operations, and across the General Electric corporate structure as well. CNBC, as you are told, what?, ten times a day?, is owned by
Industrial group Siemens delivered stronger quarterly results than expected, raised profitability targets and announced a 10 billion-euro ($14.6 billion) share buyback program.
The biggest names in media are at the Pierre Hotel in midtown Manhattan for private equity firm Quadrangle's 'Four Square' conference. The event is closed to the press but I got my hands on an agenda and am spending the afternoon outside the hotel.
Television bounty hunter Duane "Dog" Chapman, who had his reality show taken off the air after getting caught using a racial slur, will not be extradited to Mexico to face a pending appeal of kidnapping charges against him, a judge has ruled.
The Writers Guild contract expired at midnight--though there's no strike just yet, it is NOT looking good. The rhetoric last night was so angry and stubborn on both sides, I'm predicting a strike by mid-week next week. The WGA says the producers association "refused to continue to bargain until we agree that the hated DVD formula be extended to Internet downloads." HATED? Ouch.
A heroin pusher and a honey bee put some sting back into the movie business.
Solar, biofuels, energy efficiency, wind, water – not to mention upstart stocks -- can be bewildering even for disciplined investors. That’s why a recent spate of green or clean tech exchange-traded funds may be a welcome addition.
Seems I struck a nerve with yesterday's post on the format war involving next generation DVD's. I came into the office today, welcomed by a flood of nasty e-mails challenging the blog, the premise, the spelling (sheeesh, "their" vs. "there" -- it's been corrected!)
The new head of German conglomerate Siemens plans thousands of job cuts as well as a drive to link the pay of top management closer to performance, according to a newspaper report.
Japanese consumer lenders Promise and Acom are probably among the bidders for General Electric's consumer loan business in Japan, sources familiar with the matter said on Thursday.