As Genworth shares continue to collapse, earnings estimates may be "cut in half," even before the company reports its earnings on July 29, John Eade of Argus Research Company told CNBC in an interview.
Stocks closed sharply higher Thursday after EU leaders agreed on a final bailout package for Greece, in addition to an encouraging report on the Fed's mid-Atlantic manufacturing survey and some robust earnings reports.
Stocks gained across the board Thursday amid signs of progress on debt deals in Europe and U.S., in addition to an encouraging report on the Fed's mid-Atlantic manufacturing survey and some robust earnings reports.
Mergers and acquisitions has become an important approach in this economic climate, with investors rewarding companies who are willing to be "bold and make transformational moves"', Blair Effron, co-founder of Centerview Partners, told CNBC Thursday.
Stocks rallied across the board Thursday after some positive economic news, a draft document showing plans for a wide-ranging response to the euro zone debt crisis, in addition to a handful of positive earnings news.
Futures rallied Thursday after a new bailout fund document stated it will extend loans to ease the euro zone debt crisis and as investors largely shrugged off a disappointing jobless claims news.
CNBC's Hampton Pearson has the story on the Senate's anti-trust subcommittee proposing the acquisition to be blocked.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Debt drama in the US and Europe continues next week just as earnings season gets into full swing. It's going to be a volatile week for the market.
Stocks turned positive Friday, led by gains in the energy sector, after investors digested some disappointing news on consumer confidence.
The plodding US economy had one significant bright spot in the first half of the year—a bustling mergers and acquisitions market that stands a good chance of continuing through the second half.
A massive new effort to crack down on intellectual property theft spans industries and every point of the content creation and distribution chain. It's called "Copyright Alert System" and it aims to stop people pirating from pirating content online, by very simply preventing them from surfing the web.
Americans who illegally download songs and movies may soon be in for a surprise: They will be warned to stop, and if they don’t, they could find their Internet access slowing to a crawl, the New York Times reports.
Nothing's more valuable to a marketer than when consumers are just dying to watch and share their commercial. Having a commercial go viral is rare, and when it happens it's marketing gold.
Stocks closed to the upside in another thin trading session Wednesday after investors largely shrugged off a handful of weak economic news and looked ahead to Friday's employment report in addition to earnings season, which kicks off next week.
Stocks were modestly higher in another thin trading session Wednesday after investors largely shrugged off a handful of weak economic news and looked ahead to Friday's employment report in addition to earnings season, which kicks off next week.
On Wednesday the Fast gang put Sprint back on the radar with chatter on the trading floor suggesting the company's fortunes might be about to change.
Despite the fact that the Los Angeles Times reported today that "Google is in preliminary talks to buy online video pioneer Hulu," a number of sources very close to the negotiations tell me that all talks are "very preliminary" and it is "impossible to characterize anyone as being in the lead."
Apple is expected to offer an older version of its popular iPhone for free when it introduces the iPhone5 in September, according to a research note by RBC Capital.
Stocks struggled to hold their gains ahead of the close as energy and techs weakened and after excitement over France and Germany's potential rescue aid for Greece waned.