Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.» Read More
Robert Nardelli's ouster as chairman and CEO of HomeDepot had the full approval of the board, including the man who had been his biggest supporter--Kenneth Langone, people close to the company told CNBC's Charlie Gasparino.
Stocks closed up modestly after a report on the Federal Reserve's December meeting threw up red flags on the economy and sparked a dramatic 175-point swing in the Dow.
Nardelli, who has been CEO since 2000, has been under fire by investors for his hefty pay and the poor performance of the company's stock price during his six-year tenure.
As we’ve been telling you all day, CEO Bob Nardelli is out at Home Depot after six stormy years at the helm. How should investors play the company’s stock now? We had two fund managers who watch the company closely on "Street Signs" to find out.
Shares of Home Depot are rallying today on news its Chairman and CEO Bob Nardelli has resigned (see earlier posts). But what’s happening behind the scenes? In an interview first on CNBC we found out from one of Home Depot’s largest shareholders, Leon Cooperman. He’s the Founder and Chairman of Omega Advisors, and Former Chairman and CEO of Goldman Sachs Asset Management Division. He spoke by phone.
The Holidays might be winding down, but Wall Street has something new to celebrate. CNBC’s “Fast Money” is joining the network’s primetime schedule permanently, beginning Monday January 8th at 8 pm. Today, CNBC’s Dylan Ratigan and The Fast Money Five are ringing in the New Year – by ringing the opening bell at the NASDAQ, on this first day of 2007 trading.
Some big news today even before the opening bell. Home Depot CEO Robert Nardelli resigned this morning--effective immediately. Vice Chairman Frank Blake will take over the top spot. Nardelli had been CEO for the past six years and had upset many investors with the size of his pay package and the company's performance. Talking about the sudden change on "Squawk Box" was retail analyst David Schick from Stifel Nicolaus & Co. He spoke by phone.
As we end for today, we can safely report it's been a banner year for stocks--by just about everyone's measuring stick. Bonds didn't so bad either. Blue chips were certainly the big standouts of 2006. The Dow Jones industrial average--the index of 30 of the nation’s biggest companies, hit record levels dozens of times since closing at 12,011.73 on Oct. 19. It's since surged to an intra-day high of 12,529.87. All this despite....
Investments that provide income versus growth will likely become more important to many people as the nation's population ages over the next 5 to 20 years.
On this day after Christmas, you expect volume to be low – but we know about an exchange that's likely to very, very busy. We're talking about a website where you can exchange unwanted gift cards. CNBC’s Carl Quintanilla revealed all the details on this morning’s “Squawk Box.”
Answer: When's That! CNBC's Peter Schacknow pulls back the curtain and shows you inside the world of 24-hour business news.
Sure, it pays to advertise – but in the competitive holiday season, questions about when and where to place ads are what plague retailers.
CEO's are optimistic about the new year--according to the Chief Executive Magazine's CEO confidence index (this is a yearly survey of American CEOs). The magazine's own CEO--Ed Kopko--appeared on "Morning Call" with the details. The CEOs are positive about the U.S. economy in 2007--according to Kopko. He says they feel good that interest rates are low and that company profits are "rolling in" in high numbers.
In an exclusive interview with CNBC, Ralph Whitworth, founder of Relational Investors, which owns 0.6% of Home Depot shares, said he has proposed that a special panel of independent directors review the retailer's direction, management performance and strategic options--including a buyout.
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.
Home Depot is eager to break down a Great Wall - and build it’s fortune in China. Today, the company secured agreements from Beijing to buy HomeWay, one of China's top home-improvement retailers. Shares jumped about 1% on the move. On CNBC’s “Closing Bell,” Dylan Ratigan examined just how quickly the Atlanta-based retailer can turn a profit on that play.
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
The Home Depot, the world's largest home improvement retailer, announced Wednesday that is has signed an agreement to acquire Chinese home improvement retailer The Home Way.
Stocks fell after trading in a narrow range all day while investors waited for Friday’s jobs report, the last key economic indicator before next week's Federal Reserve meeting.
'Tis the season that we spend all this time and effort talking about Google, Apple, Microsoft, HP, videogames, what's hot in holiday electronics. But there's a gadget I used over the weekend that could change the world as we know it.