Thursday, 3 May 2012 | Posted By:
| Source: CNBC.com
American International Group is selling assets and "cleaning up the volatility of the stock" so it can pay back the U.S. government "with a profit of at least $10 billion" whenever it wants to sell its shares, CEO Robert Benmoshe told CNBC.
Wednesday, 2 May 2012 | Posted By:
| Source: CNBC.com
Vail Resorts CEO Rob Katz told CNBC Wednesday it was a victory of sorts that despite the worst winter for snow in U.S. history, cash flow managed to stay in the mid-single digits.
Texas oil and gas investor T. Boone Pickens has a warning for Pennsylvania now that it is subsidizing Delta Air Lines's purchase of a gas refinery: Keep your wallet handy.
"Our strategy is based on a lackluster recovery. So we are assuming it will be a lackluster economy, Pimco CEO Mohamed El-Erian tells CNBC's Closing Bell.
Spain's newly announced recession won't be ending any time soon and it could force the U.S. stock market to fall anywhere between 10 percent and 20 percent, economist Harry Dent told CNBC Monday.
The U.S. isn't going back into a recession, though economic growth has slowed, Goldman Sach's chief equity strategist Abby Joseph Cohen told CNBC Monday.
One of the art world's most iconic images, "The Scream" by Norwegian painter Edvard Munch, will be coming to auction at Sotheby's next week, and the price promises to be high, Simon Shaw told CNBC Friday.
The U.S. economy "looks healthy and is in pretty good shape" compared with other developed countries, despite data showing cooling growth in the first quarter, hedge fund investor Barton Biggs told CNBC Friday
Earnings are strong, the U.S. is not in recession and Europe's problems have eased a bit. So why aren't more people in the stock market? Greg Fleming, president of Morgan Stanley Smith Barney, thinks investors are still mindful of what happened in 2008 and are remaining cautious.
Johnson & Johnson's new CEO, Alex Gorsky, told CNBC that his first order of business is to get the products that have been recalled back on store shelves.
Despite problems in the U.S. economy, including persistently high unemployment, the automotive industry is a bright spot that gives AutoNation CEO Mike Jackson confidence.
Wharton School economics professor Jeremy Siegel said it before and he said it again on CNBC Wednesday: The Dow Jones Industrial Average will hit 15,000 by the end of next year.
He won't be a doctor until Saturday but that's not stopping basketball legend Shaquille O'Neal from prescribing humor for today's business executive... Read More
It was great theater, but ultimately the record price for Edvard Munch’s “The Scream” won’t do all that much for auction house Sotheby’s, two analysts told CNBC Thursday.... Read More
More Zillow home listings are now viewed on mobile phones than over the Internet, and CEO Spencer Rascoff tells CNBC he couldn't be more pleased... Read More
CEO Donald Knauss told CNBC Clorox was faced with $140 million to $150 million more in commodities costs, and that meant raising prices on its household cleaners, bleach and other consumer products... Read More