Verizon's CFO said that he isn't concerned that recent price cuts in the cell phone service business will hurt his company in the longer term.» Read More
Venezuelan stocks plunge 10% today after Hugo Chavez speech. Chavez is president of Venezuela--and in a televised speech last night in Caracas (he was just elected to a third term) he said he wanted his country to nationalize power and telecom companies. U.S. firms are major invstors in Venezuelan oil--and these new efforts in telecom by Chavez will also have affect on American companies beyond energy. On "Morning Call" CNBC's Michelle Caruso-Cabrera went over who's "hurt" but all this.
Stocks in the U.S. are positioned to move higher on the opening after yesterday's afternoon turnaround. European stock markets are higher, and Asia turned in a mixed performance. Today kicks off the fourth quarter earnings season with the release of Dow component Alcoa's earnings after the bell. OIL DIP: Oil is weaker again this morning and heading close to the $55 technical level traders are watching.
Stocks closed higher after bargain hunters stepped in to drive up shares of financials, technology and industrials.
President Hugo Chavez says he will nationalize the Venezuelan telecom CANTV, which potentially makes the stock worth next to nothing. This is Venezuela's biggest telecom and trades at the NYSE unders symbol VNT. The stock was halted, down 14% right after the announcement was made at about 2:50 pm.
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.
A sharply divided FCC voted 3-2 along partisan lines to impose new measures meant to ensure that local governments do not block new competitors from entering the cable television market.
Denny Strigl, currently the president of Verizon Wireless, a joint venture co-owned with Vodafone, will report directly to the chief executive officer.
There seems to be a new wave of "hacker attacks"--aimed at your cell phones and BlackBerrys. But is there any way to protect yourself? On Today’s "Street Signs," Erin Burnett asked Ed English, with internet security firm Trend Micro and Anne Wallace from The Identity Theft Assistance Center. Ed English explained that hackers who break into computers are now targeting cell phones and mobile devices - anywhere that we’re storing personal information.
The "rumors" are buzzing about what Apple's next big move might be. Some say it's an i-Pod cell phone combo, others think Apple will make a big move in, quote, "I-TV". On Power Lunch, Bill Griffeth sifted through all the speculation with with PC Magazine’s Lance Ulanoff. Ulanoff said, the only sure thing is the I-Phone.