Sony's PS Vita is the "ultimate portable gaming device" that will provide music, video, Internet access and, oh yes, 25 game titles to billions of gamers, Sony Consumer Entertainment America CEO Jack Tretton told CNBC Wednesday. Read More
“We just came out of the holiday season with a very, very competitive mindset among retailers, and consumers really waited for those best deals,” said Morgan Stanley analyst Kimberly Greenberger. “The message from consumers is, ‘If you don’t have a great deal we’re not coming to your store.’ So we see 2012 as a year that will continue that theme.” Read More
As long as Wal-Mart Stores can keep drawing customers in with low prices while cutting expenses in other areas, it is worth holding for the long term, Morgan Keegan retail analyst John Lawrence told CNBC Tuesday. Read More
If you have a company, or an idea for a company, that can make an impact on people using social media, Reid Hoffman wants to talk to you. Hoffman, a partner at Greylock Partners and the executive chairman of LinkedIn, told CNBC Friday he sees a lot of opportunity for "great businesses" that create social networks that "can change people's lives." Read More
Six out of the 10 patients treated for hepatitis C with a combination of Gilead Science’s experimental drug GS-7977 relapsed, the company disclosed Friday. “This is just par for the course. There’s a reason people do trials on their drugs. You don't know what the answer is until you get the data,” said ISI analyst Mark Schoenebaum, who has a “buy” rating on Gilead. Read More
While the spotlight is usually on gold or silver, uranium offers a hedge against inflation, Anthony Young, director of metals and mining research at Dahlman Rose told CNBC. Read More
Most U.S. community banks "are actually doing quite well" although they still face some challenges in this economy, the acting head of the Federal Deposit Insurance Corporation told CNBC Thursday. Read More
Arne Sorenson, the incoming chief executive of Marriott International, told CNBC he feels "worlds better than we did a quarter ago" about the U.S. economy. Read More
Kellogg's deal to buy Pringles potato chips from Procter & Gamble for $2.7 billion in cash will give them a bigger chunk of the snack market while subsidizing the company's core cereal business, UBS analyst David Palmer told CNBC Wednesday. Read More