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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Big money and politics now. The U.S. House of Representatives passed a bill today to spend some $1 billion on finding a cure for autism. The Senate is expected to pass the measure this week and send it on to President Bush. It's good news for advocates of autism research--but then again maybe not. Especially at this time of year.
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Bermuda based re-insurers were crushed by massive claims during last year's record hurricane season. But they've apparently bounced back to record billions in profits--thanks to almost no disaster claims this year. That's good news for share prices--but investors might what to look before they leap. In today's Stock Screener on "Power Lunch"--Ian McDonald from The Wall Street Journal gave a couple of his "picks."
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The Iraq Study Group is out with its findings. The questions remain: Will President Bush listen and what impact will this have on the U.S. economy. CNBC's John Harwood appeared on "Morning Call." Harwood said the report basically came down to a couple of major conclusions: more diplomacy is needed and a reduced role for U.S. troops by 2008.
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Yahoo! announces a reorganization of its structure and management that pegs CFO Susan Decker as the heir apparent to CEO Terry Semel. The move comes as rumors swirl around the fate of Semel himself. The changes at Yahoo include the departures of some key execs..
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Good morning. A busy day ahead as we'll certainly focus on the Yahoo management shuffle. The company hands an extended role to its Chief Financial Officer Susan Decker and several top execs will be leaving. Well start with our quote of the day from cartoonist Scott Adams...
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Shares of America's largest satellite operators were taking a tumble today. This is fueling new rumors about an inevitable merger between Sirius Satellite and XM Satellite--as the industry faces an onslaught of competition from Wi-fi devices to digital music players. Sirius stocks were down 31 cents at one point to $3.87 a share. and XM stocks were down 27 cents to $14.36 a share.
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Bristol-Myers got some good news Tuesday afternoon-- and CNBC's Mike Huckman had the story. A new report from the Journal of the American Medical Association says long term use of Plavix--reduces significant health risks. The JAMA report says that if patients stay on Plavix for two years--the drug will greatly reduce or eliminate heart attacks.
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Fears about food safety in the U.S. are once again front and center. Taco Bell (owned by Yum! Brands) says its eight restaurants on Long Island, New York re-opened today following an outbreak of E-Coli bacteria. The company had voluntarily closed the restaurants for a day. Health authorities have not yet determined the cause of the outbreak--which may have sickened as many as 3 dozen people.
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In our Innovations segment--we have the first hearing aid to use nanotechnology. It's been so successful--it's pushed the revenue growth for the company that makes the aid--past 35% in a year. The company is Starkey Labs and the firm's president-Jerry Ruzicka talked about the device with Sue Herera on "Power Lunch."
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We're keeping an eye on shares of Sanofi-Aventis. The company says a new study finds its acomplia weight loss drug can also help diabetes. CNBC's pharmaceutical reporter Mike Huckman had the details on "Squawk on the Street."