CNBC's Herb Greenberg provides insight on a lawsuit filed by the CFPB on ITT Educational Services for predatory lending.» Read More
Stocks traded mixed after slightly disappointing economic data, but all the major indexes hit multi-years on Thursday after gaining steadily throughout the week.
What follows is a roundup of corporate earnings reports for Friday, April 29.
The merger train has left the station, and it’s going to go run for another one to three years, Mario Gabelli, chairman and chief investment officer of GAMCO Investors, told CNBC Tuesday.
Which companies are vulnerable to hostile takeover bids? There’s no way to know, for sure. But some companies stick out more than others. Using a screen created on AnalytixInsight’s database, I came up with three interesting possibilities.
Investors should be looking into high-quality, large-cap companies that can fare well in this type of volatile environment. That's according to David Spika, VP and investment strategist at WHG Funds, and Ethan Anderson, portfolio manager at Rehmann Financial.
Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
Could the price action Wednesday in ITT spacer, the defense contractor, spur a break-up boom? If the bankers have any say, the answer is probably yes, and here's why.
ITT said it will split into 3 different companies; is it the end of the conglomerate model as we know it? Also Steve Cortes on why the Treasury trade is not over!
Stocks ended at new record highs as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Bank of America rose, while Disney fell.
Stocks traded off the highs of the day, but remained significantly up, as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Boeing rose, while Alcoa fell.
It is no longer "in vogue" to carry cash on corporate balance sheets, Steve Tananbaum, an influential player in the credit and the distressed markets and founder and CEO of the $12 billion plus hedge fund GoldenTree Asset Management, told CNBC on Wednesday.
With soft commodities surging and ITT hitting all-time highs, the desk thinks that crops and commodities might be the hot trades of 2011.
Stocks gained on a brighter outlook for banks ahead of earnings releases, and as debt troubles in Europe eased after a successful Portuguese bond offering. JPMorgan and Bank of America gained.
U.S. stock index futures gained ahead of the open Wednesday and remained higher after Portugal successfully auctioned government debt, relieving some of investors' concerns about the state of the euro zone debt crisis.
Defense contractor ITT says it will split itself into three publicly traded companies, separating its defense and information business, its water technology unit and its industrial products business.
Markets turn their focus back to the economy when third quarter GDP is released Friday, ahead of the market open.
What follows is a roundup of corporate earnings reports for Friday, Oct. 29.
The only question you ask after listening to ITT Education’s spacer third quarter conference call was this: What planet are these guys living on?
Headlines on jobless claims and the Philadelphia Fed survey compete with a rush of earnings news Thursday.