NEW YORK, Dec 4- The billionaire Ronald Perelman's lawsuit accusing New York City art gallery owner Larry Gagosian of defrauding him into overpaying for a Cy Twombly painting has been thrown out by a unanimous state appeals court. Despite being a "sophisticated" plaintiff, Perelman "conducted no due diligence" to determine the value of Twombly's "Leaving Paphos...
NEW YORK, Dec 4- The billionaire Ronald Perelman's lawsuit accusing New York City art gallery owner Larry Gagosian of defrauding him into overpaying for a Cy Twombly painting has been thrown out by a unanimous state appeals court. Despite being a "sophisticated" plaintiff, Perelman "conducted no due diligence" to determine what Twombly's "Leaving Paphos Ringed...
Some of the names on the move ahead of the open.
The SEC says Revlon has agreed to pay a $850,000 fine for misleading shareholders about details of a "going-private" transaction.
Financier Ronald Perelman told CNBC that earnings are growing at the companies he holds stakes in, but top-line growth has been difficult, much like the rest of Corporate America.
The "Talking Squawk" blog is meant to be a funny, sarcastic look at business news through the unique "Squawk Box" lens. But it was difficult to think about anything from that viewpoint this week.
NEW YORK-- The cosmetics company Revlon Inc. reported a loss for the third-quarter as restructuring and litigation charges more than offset the impact of a 3 percent rise in revenue. Revlon, whose brands include Almay, Mitchum and its namesake, said that it lost $15 million, or 29 cents per share in the three-month period ended Sept. 30.
Don't be misled by reports that inflation is tame. For small business owners, it's a threat to profits and expansion plans.
Jim Cramer and his researcher, Nicole Urken, discuss why Avon’s management situation needs a serious makeover.
Asian markets pared losses on Thursday after early setbacks, but major benchmarks in the region are now near bear market territory, marked by a decline of about 20%. Despite those drops, experts are warning against rushing in to bargain hunt.
Here's why you should keep a close eye on these six stocks.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Walmart announced last week it would soon require companies to prove it used only sustainably sourced palm oil.
Valentine's day is less than one week away. While historically, the U.S. major indexes have not shown much love on Valentine's Day nor the week after, there are stocks that may benefit on this day of friendship and love...
The Discover Card’s Fourth Annual Valentine’s Day Shopping Survey reveals the way to someone’s heart is through their stomach. Here are some companies that you may love this Valentine's Day...
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.
The Discover Card’s Third Annual Valentine’s Day Shopping Survey reveals the way to someone’s heart is through their stomach. Here are more companies that you may love this Valentine's Day...
Cosmetics maker Revlon Tuesday posted a narrower quarterly loss that beat Wall Street expectations, as it focused on cutting costs and an ongoing restructuring plan.
Will it be Nancy, or Serge or Steven--or maybe someone else winning a $1,000,000? The Million Dollar Portfolio Challenge is winding down today. Trading stops at the closing bell, so what happens will depend on who picked the best stock or stocks--as very little money separates the top three contenders. But as we said, there could be someone back in the pack, that's picked the best stock to leapfrog over the big three.
Nancy Beaumont already has some firsts in the Million Dollar Portfolio Challenge. She was our first weekly winner--and that qualified her for the finals. And she's currently in first place as the contest enters its last day. Nancy is a Director of Counseling at Touro University in Vallejo, California. Her strategy was "to buy small stocks." We'll see how that plays out by the end of trading today