Mark Koba is a senior editor at CNBC.com. Topics for his feature story writing include the business of politics, health care, employment and the economy.
Before working at CNBC.com, he spent 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' "This Morning."
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House and Senate Democrats are certainly trying to shake things up on Capitol Hill. Both chambers are expected to push an energy package through for some $15 billion in fees, taxes and royalties on big oil (we'll have another post on this subject). But--they're doing a lot more says CNBC's John Harwood on "Power Lunch."
The current field of Democrats running--or thought to be running--for the White House in 2008 might be shaking Wall Street to its roots. The 'fear' is based on getting a president that's unfriendly to the Street's business friendly philosophy. Among the early frontrunners is a one time Wal-Mart board member (Hillary Clinton), an ex-trial lawyer (John Edwards) and a relatively unknown (Barack Obama).
We've been mentioning the price of oil and Venezuela's President Hugo Chavez in the same sentence in some previous posts. This is in light of his moves to nationalize some of his country's utilities. It might be worth a look to see why he's popular-- for the most part--in Venezuela. CNBC's Michelle Caruso-Cabrera is on assignment in Venezuela...
He's Boone Pickens--he's CEO of the private equity firm BP Capital--and he's a major "player" when it comes to oil (he has an estimated worth of $2.7 billion). He called in to "Squawk Box" this morning to talk about the falling price of crude. A little background before we get to what Pickens said.
He's running--sort of. U.S. Sen. Barack Obama (D-IL) is a major step closer to actually running for the presidential nomination of his party. Obama announced in high-tech fashion (on his personal Web site) that he's formed an exploratory committee to run for the top spot on the presidential ticket in 2008.
Telecommunications giant Verizon --got a bit smaller today--after announcing a $2.7 billion transaction to spin off its local exchange assets in Maine, New Hampshire and Vermont. Verizon plans to merge the assets with FairPoint Communications. This was good news for FairPoint's stock--it's been up as high as 13% today.
Many in the U.S. business community are concerned over regulations that they think are hurting them in key areas--like IPOs. According to the Committee on Capital Markets Regulation--the U.S. raised only 5% of the value of global IPOs last year. That's compared to 50% in 2000.
We wanted to hear from you--and we did--as it was your turn on sound off on the pay rage issue that exploded this week after the resignation of Home Depot CEO Robert Nardelli. Our question focused on what the new CEO Of Home Depot--Frank Blake--should make. Nardelli resigned last Tuesday, January 3rd--and left with a $210 million severance package...
Okay--now that we have your attention, we can report that the three of the Dallas Cowboy Cheerleaders appeared on "Power Lunch" today. You want to know more? All right--the reason why they were here was to promote their deal with a company called Fathead.com --that makes wall posters of the girls.
Home Depot shareholders want to stop the payout package that ex-CEO Robert Nardelli is expected to get. They've filed an injunction to stop the payments all together. So far--there' s no ruling yet on the legal action. Nardelli resigned his post last week--leaving with a rather large $210 million severance deal (including a cash payment of $20 million).