Telefonica has agreed to sell its British unit O2 to Hutchison Whampoa in a deal valued at more than 10 billion pounds ($15 billion).» Read More
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 24.
MGM is waiting for a buyer to swoop in and save it from bankruptcy. Bids were technically due today at 2 pm eastern, and they're starting to trickle in. The historied studio has struggled with declining DVD sales and its attempt to re-start production with its latest movie "Fame" was a bomb. A dozen studios and private equity players signed non-disclosure agreements to evaluate the deal and now about six bids are expected.
You may not hear much about Liberty Global in the news because all of its $11.3 billion annual revenue comes from outside the US. But if you're interested in cable operators, particularly those with potential for significant growth, it's a company worth paying attention to. Plus, with legendary cable mogul John Malone as company's chairman, it is good reason to find out what the company has in store for investors going forward.
Doug Creutz of Cowen & Company and David Joyce at Miller Tabak offered CNBC their investment advice.
The Dow and S&P snapped their winning streaks Wednesday as disappointing earnings from two of Wall Street's biggest names overshadowed another round of earnings beats.
Strong earnings from Apple after the closing bell yesterday, pushed the NASDAQ Composite to positive territory during Wednesday's trading session for the eleventh consecutive day. The last time the Nasdaq Composite had 11 days of consecutive gains was on September 20, 1996. Here is a look at the best performing companies during the current 11-day rally.
As we are getting close to the November 2008 lows, here are some key dates for for each of the major indices, both on a closing and intraday basis.