Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
Hovnanian CEO Ara Hovnanian said he no longer sees the signs of stabilization in the housing market he did in March, and now warns the industry is still a ways from improvement. “The subprime has gotten a lot of attention and it’s not just been the direct effect of the subprime but the psychological effect, even by those that are not using subprime mortgages.… It’s causing hesitation,” Hovnanian told CNBC’s Erin Burnett on "Street Signs."
WHEN: Today, Wednesday, November 12 at 2:30 PM ETWHERE: CNBC's "Street Signs"Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Aecom CFO Michael Burke, on CNBC'S "STREET SIGNS" Today.All references must be sourced to CNBC.
Nearly half the world’s population subsists on $2 per day, according to the World Bank. But Professor Jeffrey Sachs, director of the Earth Institute at Columbia University, has a quick fix solution: He told “Street Signs” that small donations from the world’s richest would do more to end poverty than all the combined governmental aid -- which is falling short. ... “We have about a thousand people who have about three and a half trillion among them on the Forbes [billionaires] list,” Sachs said....
WHEN: Today, Wednesday, October 15th at 2:12 PM ET WHERE: CNBC's "Street Signs" Following is the unofficial transcript of a CNBC EXCLUSIVE interview with former AIG CEO, Robert Willumstad, on CNBC's "Street Signs." All references must be sourced to CNBC.
Following is the unofficial transcript of a CNBC exclusive interview with New Jersey Governor Jon Corzine on CNBC's "Street Signs." During the interview, Corzine discusses whether he believes the U.S. is in a recession and his thoughts on whether Bernanke and Paulson went far enough, among other topics.
Some pro sports leagues have enacted pay caps to ease fans' concerns. So if a chief executive's compensation strikes investors as too far out of whack, should the corporate world consider the same measure? Charles Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware, votes yea. Contradicting him is Alan Murray, assistant managing editor at The Wall Street Journal. The two stated their cases to CNBC's Erin Burnett.
How do you keep making money as the markets reach new highs? Mike Williams, global strategist for Nations Financial Group and Thomas Melcher, chief investment officer of Hawthorne-PNC Wealth Management joined CNBC’s Erin Burnett on “Street Signs,” with advice on how to cash in after the rally.
Business isn't taking a vacation this summer at least not on CNBC, America's Business Channel. CNBC is airing an unprecedented number of original primetime programs as well as special series during its Business Day schedule.
The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Street Signs” that he expects the market to peak in the next 12 to 18 months with a 20% gain in the S&P 500.He said growth stocks will do even better. “What we wanted to do was buy when the market was panicked three to five weeks ago,” Hays said Wednesday. “That’s exactly what we did. We’re feeling very good today.”
A French-built high-speed train has broken the world speed record on rail: With a 25,000 horsepower engine and special wheels, the train hit a speed of more than 357 mph. The train’s performance was close -- but was not as fast as the Japanese maglev (magnetic) train that reached 361 mph in 2003. CNBC’s Phil Lebeau joined Erin Burnett on "Street Signs" to discuss why the U.S. can’t -- or won't -- do the same thing.
Al Goldman, chief market strategist for A.G. Edwards, told CNBC’s “Street Signs” that he expects the market to continue to rise throughout the year. “We had madness in March and the market was down,” Goldman said Tuesday. “We needed the correction. Since 1950, April has been the best month for the Dow (Jones Industrial Average) of the year. The economic news is mixed and the market chooses to go up, which is a sign of resilience and an underlying bullish trend.”
A mysterious illness is killing tens of thousands of bees across the U.S. Kim Flottum, chairman of the Eastern Apicultural Society and editor of Bee Culture magazine, and Maryann Frazier, professor in the department of entomology at Penn State University, joined "Street Signs" Monday to talk about what’s killing America’s bees -- and the potential impact on American farmers.
"Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."
Mark Thomas, chief investment strategist for ValueStockTips.com, told CNBC’s “Street Signs” that he’s now 100% in cash, but still expects the stock market to return gains of 6% to 8% this year.Thomas on Monday said he expects to remain on the sidelines for the next two to four weeks to reduce risk in a volatile market. Also, he said many people pull money out of stocks this time of year to pay their taxes.
It’s day one for Take-Two Interactive’s new management team. The one who led the shareholder revolt is the new chairman, Strauss Zelnick, who is also a founding partner of ZelnickMedia. Zelnick joined CNBC's Melissa Lee on "Street Signs" Friday afternoon, to talk about the new team at Take-Two.
How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays -- for what he says is no brief spike.
"Cherry-picking" time: That's what Bryan Perry likes about the three dividend-yielding, volatility-resistant funds he recommended to CNBC's Erin Burnett -- and the author of The 25% Cash Machine just might know what he's talking about.
The pace of existing home sales rose 3.9% last month, according to today’s report from the National Association of Realtors. The unexpected gain was the largest increase since March 2004, and marked the third-straight increase in existing home sales. Despite this, concerns persist about the slumping housing market and rising rates of defaults in the subprime mortgage market. But these concerns may be overstated. Century 21 CEO Thomas Kunz says he is seeing a "more normalized market place."
President Bush will tour two factories today where GM and Ford make hybrid vehicles. His visit to the Kansas City auto plants is the first of his presidency to domestic auto factories and is also an effort to improve relationships with Detroit’s Big Three after a tumultuous year. Their troubles are having a significant economic ripple effect on the city the automakers call home. CNBC’s Mike Huckman went to Detroit to check on the struggling city.