Shaquille O'Neal, a four-time NBA champion, told CNBC that one of the game's greatest players inspires his business ventures.» Read More
Stocks ended broadly lower as Wall Street pondered the fate of two Bear Stearns mortgage debt funds. Losses were compounded by adjustments in several key indexes.
Shares of Macy's rallied on Friday amid speculation that the retailer was ripe for a akeover.
From Macy's to Wal-Mart to Sears, the retail management that I've spoken with over the past year have all emphasized how important the online segment of their business is becoming. Macy's CEO Terry Lundgren says consumers who shop online are 30% more productive than those who shop in just one channel. So, is the decline of online shopping as suggested by the New York Times greatly exaggerated?
Stocks closed sharply lower as rising bond yields signaled a tougher global credit environment. "It was a pretty ugly day," said Tom Schrader, managing director of U.S. listed trading at Stifel Nicolaus. "The market needed a washout and we got one. It was caused by higher rates, which is not good for the carry trade, LBOs and M&A."
Turns out tequila is giving beer a real headache. And friends, there's nothing quite like a tequila headache. But here's the twist. A new survey says more of us celebrate Cinco de Mayo than St. Patrick's Day, in the sense that two out of three Americans are more likely to have a margarita on May 5 than a beer on March 17. Who sponsored the survey? The Distilled-Spirits Council? Bud? Baileys?