A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.» Read More
Altria Group's plan to spin off its Kraft Foods unit is likely to be challenged by at least one plaintiff's attorney representing smokers, which could delay and complicate the transaction.
Chemicals maker DuPont reported fourth-quarter results Tuesday that matched analysts' expectations on the top and bottom lines and also affirmed guidance for the current year.
Kraft Foods agreed to sell 114-year-old hot cereal brand Cream of Wheat to B&G Foods in a $200 million deal.
The Dow climbed to a new record and the Nasdaq finished at a six year high as falling oil prices drove buyers into consumer, health care and technology stocks.
Monsanto posted a higher-than-expected quarterly profit, citing strong sales of U.S. corn seed and herbicide as well as a reduced tax burden, but its shares fell as the company did not raise its fiscal-year earnings forecast.
Shares of Altria Group kicked off 2007 with a bang, rising to a new 52-week high after a Lehman Brothers analyst said the cigarette maker is poised to report a solid fourth quarter.
"There's fresh money that comes in at this time of year," said Muriel Siebert, the founder and president of Muriel Siebert, a discount brokerage based in New York. "There's just so much money sloshing around. The hedge funds and the private equity people have put so much money into this market."
Almost every analyst has an angle on how to beat the market, and investors pay big money for trading tips that promise guaranteed profits. But here on CNBC we give that advice away for free. John Prestbo, editor of Dow Jones Indexes, shared his “Dogs of the Dow” strategy on “Morning Call” today. It returned 32% in 2006.
Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
Answer: When's That! CNBC's Peter Schacknow pulls back the curtain and shows you inside the world of 24-hour business news.
An early rally lost steam on Wall Street as all of the major indexes closed lower, weighed down by energy and technology stocks.
The holiday spirit may have been evident for those storming retail outlets over the weekend--but the same is decidedly NOT true for stocks. They are suffering through their worst day in at least 4 and 1/2 months.