Mark Koba is a senior editor at CNBC.com. His experience includes 11 years at Bloomberg LP, where among various duties, he was program producer for the award-winning "Bloomberg Small Business" television show. Koba's background includes a decade of news writing and show producing at CNN, E! Entertainment Television, ABC’s "World News Now," "Good Morning America" and CBS's "This Morning." He's been writing on economic topics the last two years.
Mark Koba
Senior Editor, CNBC
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In today's credit card society--layaway has all but gone away. The latest to join this trend is Wal-Mart. The discount giant says it will discontinue the service at all its stores by the end of this year. Some are accusing Wal-Mart of turning away from its core customers. And others are saying this decision is hurting Wal-Mart's troubled stock even more.
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2006 is looking a whole lot "greener" for the U.S. Postal Service. A postage service overhaul bill passed through the U.S. Senate over the weekend. It's expected to save billions in retirement expenses--and keep the cost of postage from rising. President Bush still has to sign it. So how do businesses in the industry--feel about it?
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Eugene Peroni is Senior Managing Director of Equity Research at Claymore Advisors. He appeared on "Squawk on the Street." Peroni says that investors have a brief and shallow window of opportunity for gains in the year ahead. But he also said the current rally is the broadest he's seen in 30 years.
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Finding your inboxes overloaded with spam lately? You are not alone. Spam has doubled from last year worldwide according to the spam filtering firm Ironport. In fact--spam now accounts for nine out of every ten email messages sent. Richard Prati is Chairman and CEO of American Technology Research Inc.
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Good morning. A bit of inspiration from our quote of the day. It's from artist Vincent Van Gogh: "I dream my painting and then I paint my dream." Dream on all. A lot to digest this week starting with the Fed meeting on Tuesday. We'll get a look on what might happen in regards to interest rates.
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We have a busy day ahead on Monday. Scheduled topics and guests include: Spam (the email kind) and just why it's once again flooding email addresses in huge numbers. Richard Prati--CEO and Chairman of American Technology Research--will be on "Squawk Box" to give the reasons why spammers are at it again in increasing numbers.
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The slump in the U.S. housing market is having a major impact on the risky sub-prime loan business--and on the big financial firms that invest in it. CNBC's Steve Liesman had the details on "Power Lunch." Liesman said that Fitch Ratings has placed the mortgage service business Ameriquest--the nation's biggest private mortgage company--on what Fitch calls "ratings watch evolving."
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Colorado State University is just out with its 2007 Atlantic Hurricane forecast. The report sees above-average activity next year--with some 14 named storms ahead. That includes 3 major hurricanes. Of course--they could be wrong. They were in 2006 when CSU said the 2006 hurricane season would top 2005. It didn't--as the East Coast was hurricane free.
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On our "Hidden Gems" segment on "Morning Call"--our guest will give Michelle Caruso-Cabrera 6 stock picks--3 for CNBC-TV and 3 for cnbc.com. Here are his picks for CNBC-TV: 1 --Kennametal (KMT) 2 -- Autoliv (ALV) 3 -- Aracruz (ARA)
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The beverage sector is fairing well of late with news of acquisitions and executive promotions within the major players. The Dow Jones beverage index has gained 3% this week and more than 12% year to date. And Coca-Cola and Pepsi are up 5% and 2% respectively. So--will this "long drink" of market success continue to last?