Investors are closely watching numbers coming in today from major retailers, as they start thinking hard about where to put their money next. For a closer look at the months to come, CNBC turned to Joe Ranieri, managing director at Canaccord Adams. He says any pullback in the economy is a buy-in opportunity – especially in large-caps.
Bristol Myers Squibb has had more than its fair share of problems over the past 5-7 years. This morning the company announced plans to settle several investigations involving it’s drug pricing, sales and marketing practices. CNBC's David Faber revealed the details on today's "Squawk On The Street."
Melco PBL Entertainment started trading on the Nasdaq today. The gambling company--based in Hong Kong--has generated $1.14 billion dollars so far, and it priced at $19, above its opening range. Co-Chairmen Lawrence Ho and James Packer said on “Squawk on the Street” that with only six operating licenses available in the Chinese territory of Macau...
The private equity surge continues. About $60 billion in mergers and acquisitions deals just in the U.S. have been announced this morning. Apollo Management alone is involved in two of the four deals. The only buyout not involving a PE firm was an aggressive bid by Express Scripts for Caremark Rx – which was already entertaining a bid from CVS. CNBC’s Melissa Lee reported the story on “Squawk on the Street.”
Chairman, President and CEO Jay Allison and a few other executives from Comstock Resources rang the opening bell at the New York Stock Exchange this morning. The oil and gas exploration company is up 25% over the past three months and 7% just this week. Allison talked about his company and gave “Squawk on the Street” his predictions for oil and natural gas prices in 2007.
If you’ve owned Bear Stearns or Lehman Brothers for any length of time, your investment has probably been a good thing - but today a somewhat different tale. What’s the "story"? - CNBC's David Faber explained in this morning’s “Faber Report.” According to Faber, Bear Stearns is looking pretty good after it reported earning-while Lehman is a different story.
Taco Bell President Greg Creed appeared on “Squawk on the Street” with Mark Haines and Melissa Lee this morning. He was touting new evidence from the U.S. Center for Disease Control and the Food and Drug Administration that shows the culprit in the latest e. coli outbreak was the lettuce supply and not the suspected green onions.