Oliver Matthew, Senior Research Analyst at CLSA discusses the battle of bids over Sprint and Clearwire. He thinks Softbank will come out well out of these negotiations.» Read More
Will the Obama Administration's plan to save the U.S. economy actually help the markets? Mega-investor Wilbur Ross Jr. says no. And CNBC's Rick Santelli
Futures are trading up as Europe is up on an oversold rally.
In this Web Extra the traders talk earnings from Sprint, Newmont Mining, CVS and more. What's the trade?
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
Challenger, Gray & Christmas reported today the pace of tech industry job cuts jumped 167 percent in the second half of 2008, with computer, electronics and telecom firms slashing 186,995 jobs in 2008. It's the highest total since the 228,325 job cuts in 2003. And January is shaping up to be equally brutal.
More companies announced layoffs on Thursday as the employment picture continued to dim.
This week alone, U.S. companies including Sprint, Home Depot, Caterpillar, Texas Instruments, and others announced they would cut more than 60,000 jobs.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
We'll never get the sustained marketwide rally we need until President Obama steps in to save this sector.
Major indexes finished higher after a yo-yo session Monday, with banks ending mixed after several attempts at a rally.
Stocks rallied, led by banks, after a wobbly open Monday. The market also got a boost from a blockbuster pharma deal, which helped overshadow a gloomy outlook from Caterpillar and other earnings worries.
Stocks got a boost from a better-than-expected report on the housing market, which overshadowed Caterpillar's gloomy outlook and other earnings worries.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
Caterpillar posted fourth-quarter profit of $661 million, or $1.08 per share Monday morning, compared to $975 million or $1.50 per share in the prior year period. CAT, which also says it is will offer buyouts to 25,000 employees, dropped more than 8 percent five minutes after the open. Here's how I'm playing it!